The nonparametric causal effect of sustainable governance structure on energy efficiency and ecological footprint: A pathway to sustainable development

Sun, Yunpeng; Gao, Pengpeng; Raza, Syed Ali; Khan, Komal Akram

doi:10.1016/j.gr.2023.05.007

Cited by 20 publications

(6 citation statements)

References 69 publications

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“…However, it is unlikely that both factors could yield the same significant effect on ecological footprint, depending on the studied nation and the political architecture of the country. A reasonable example could be sought from the study by Sun, Gao, Raza and Khan (2023): some of the selected BRICS countries (Brazil, Russia, India, China and South Africa) showed that controlling the level of corruption and increasing government effectiveness might significantly affect the ecological footprint of all countries excluding India and China. In the case of political stability, all economies portrayed that political stability fosters energy efficiency and reduces the ecological footprint; nevertheless, China exhibited insignificant influence on the political stability-ecological footprint nexus.…”

Section: Consolidating Ecological Footprint Mitigation Via the Amelio...mentioning

confidence: 99%

Studying the Role of Quality of Governance, Renewable Energy and External Monetary Assistance and Their Repercussions on the Ecological Footprint in the Context of Djibouti

Aden

2023

IAJAS

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In accord with the aim of achieving global sustainable development, the current article provides empirical evidence on the role of quality of governance, renewable energy consumption and official development assistance (ODA) in providing a successful outcome on ecological footprints. According to the ARDL model, renewable energy decreases the ecological footprint, and among the variables selected to represent quality of governance, only controlling corruption mitigates the ecological footprint, whereas regulatory quality, rule of law and ODA increase the ecological footprint. This is likely, as the current Djiboutian environmental legislation fails to accommodate the ecological issue, and because other underdeveloped sectors absorb the cumulative ODA, thus leaving for small sums to be allocated to environmental activities. Furthermore, the finding of the impulse response and the variance decomposition project was that all the variables have a collective ad-hoc shock on the ecological footprint by restraining the level of the human imprint on ecology; however, it takes significant time to transpire.

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Section: Consolidating Ecological Footprint Mitigation Via the Amelio...mentioning

confidence: 99%

Studying the Role of Quality of Governance, Renewable Energy and External Monetary Assistance and Their Repercussions on the Ecological Footprint in the Context of Djibouti

Aden

2023

IAJAS

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“…As regulators, governments must be able to bridge the gap between renewable energy suppliers and financiers. Both funds are provided by the government and the private sector (Sun et al, 2023). Green energy and renewable energy support projects need to take into account the framework conditions of the energy and economic sectors, particularly reflecting the Indonesian government's commitment to efforts to reduce national emissions and adapt to the effects of climate change.…”

Section: Proposal For a Future Indonesian Renewable Energy Financial ...mentioning

confidence: 99%

Green and Renewable Energy Financing Policy in Indonesia

Eko Eddya Supriyanto

2023

Renewable Energy: Policy and Strategy

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New Energy and Renewable Energy are alternative sources of energy supply because apart from having a low impact on environmental damage, they also guarantee energy sustainability into the future. To achieve this target, various efforts and programs are needed, the elaboration and implementation of which are outlined in the National Energy General Plan and Regional Energy General Plans at the provincial level. Aspects of renewable energy financing cover various matters related to funding, investment, and financial management for renewable energy projects. Incentives and regulations Several countries provide incentives and restrictions to supporting renewable energy development. Financial management Good financial management is vital in running a successful renewable energy project. Regarding renewable energy financing, it is summarized in the policies and programs issued by the Government of Indonesia to build a green economy framework in the form of low-carbon green energy in the national energy plan, import duty policies, tax-cutting policies for green energy, equal distribution of electricity in rural areas, and others.

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“…In order to understand the effect of fiscal policy-governance interaction on economic growth, we introduced the world wide governance indicators, adopted as recommended by [51][52][53], specifically corruption control, government effectiveness, political stability, regulatory quality and voice and accountability. The governance indicator added to the model at creating interaction between the indicators and economic growth [59]. In order to study the effect of fiscal policy on economic growth of thirty six SSA countries for the period 2011-2021, we adopted the dynamic panel data model as follows.…”

Section: System Gmm Model Specificationsmentioning

confidence: 99%

Fiscal policy and economic growth in Sub-Saharan Africa: Do governance indicators matter?

Ayana,

Demissie,

Sore

2023

PLoS ONE

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This study investigated the linkage between fiscal policy-governance indicators interaction and economic growth in 36 Sub-Saharan Africa (SSA) countries from the periods of 2011–2021 inclusive. The study employed two-step system Generalized Method of Moment (GMM) estimation technique due to its practical relevance in panel data analysis. The data obtained from World Bank and World governance indicator was checked for unit root through the help of Im Pesaran Shin and Levin-Lin-Chu unit-root tests, and the result revealed that data was stationary and safe for further analysis. The result of the study also presented that direct economic effect of fiscal policy is negative and significant in SSA countries. However, the interaction of fiscal policy with governance indicators has positive and significant effect on economic growth. Accordingly, before interacting with governance indicators, a percentage change in fiscal policy leads to a 0.20 percent decline in economic growth of SSA countries. Contrary to this, the interactive coefficient of fiscal policy and government effectiveness (0.019) and interactive coefficient of fiscal policy and corruption control (0.0046) are found to be positive and significant. Further, the finding of the study revealed that fiscal policy-voice and accountability interaction coefficient (0.011) and interactive coefficient of fiscal policy-regulatory qualities (0.014) are positively and significantly affecting economic growth of SSA countries. The policy implication is that policy makers in SSA countries should encourage economic policies that improve government effectiveness, strong corruption control, clean public services and better regulatory qualities.

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The nonparametric causal effect of sustainable governance structure on energy efficiency and ecological footprint: A pathway to sustainable development

Cited by 20 publications

References 69 publications

Studying the Role of Quality of Governance, Renewable Energy and External Monetary Assistance and Their Repercussions on the Ecological Footprint in the Context of Djibouti

Studying the Role of Quality of Governance, Renewable Energy and External Monetary Assistance and Their Repercussions on the Ecological Footprint in the Context of Djibouti

Green and Renewable Energy Financing Policy in Indonesia

Fiscal policy and economic growth in Sub-Saharan Africa: Do governance indicators matter?

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