The role of globalization in financial development, trade openness and sustainable environmental -economic growth: evidence from selected South Asian economies

Arif, Ankasha; Sadiq, Misbah; Shabbir, Malik Shahzad; Yahya, Ghulam; Zamir, Aysha; Bares, Lydia

doi:10.1080/20430795.2020.1861865

Cited by 72 publications

(36 citation statements)

References 52 publications

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“…According to Kele and Bilgen (2012), renewable resources should not harm the environment, boundless, and renewable energy should be low-priced over protracted periods apart from satisfying the desires of the community accompanying with the future and actual civil rules. Short-term socio-economic benefits can be gained by the renewable distribution that affects the vigorous green growth, which is vital for the transition to the green economy (Arif et al, 2020;Gasparatos, 2017;Pahle et al, 2016;Shabbir and Yaqoob, 2019). The interaction among the dispersion of renewable energy and the value of the fossils fuels discussed by Foster et al (2017).…”

Section: Introductionmentioning

confidence: 99%

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Anser

Shabbir

Tabash

et al. 2021

Energy Exploration & Exploitation

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This study investigates the causal relationship between renewable energy sources and clean environmental economic growth among South Asian economies. This study comprises the panel data sets for eight (8) South Asian countries, and data start from 2003 to 2017. This study implies a Hausman test to identify which particular tests are more suitable and selected a fixed effect test and granger causality test for effective analysis perspective. Moreover, this study further relies on the panel vector error correction model (PVECM) test to suggest for long-run relationship existence among variables. Furthermore, the evaluation of the panel and the dynamic ordinary least squares regression shows that the production of renewable energy has compelled an effect on economic growth. While other sources of energy for instance, hydropower, geothermal, wind, and solar, have valuable and considerable influence on the economic growth of South Asian economies. The results reveal with these remarks the existence of positive associations among productions of renewable energies, energy dependence, and gross domestic product per capita. The obtained results reveal that renewable energy sources show a momentous effect on the economic growth of South Asian economies.

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Section: Introductionmentioning

confidence: 99%

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Anser

Shabbir

Tabash

et al. 2021

Energy Exploration & Exploitation

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“…Yet another concept prevails that economic growth and financial development can have casual effects and can reinforce each other i.e. "complementarity" exists (Greenwood & Smith, 1997;Matloob et al, 2020;Li et al, 2021;Liu et al, 2021;Arif et al, 2020;Yu et al, 2020;Saher et al, 2020;Arif & Shabbir, 2019). However few researches found the non-existence of any relationship between financial development and growth (de Gregorio & Guidotti, 1995), hence supporting the concept of "neutrality".…”

Section: Resultsmentioning

confidence: 99%

Philosophy behind Islamic Economics: Limited Desires and Unlimited Resources

Shabbir

Ahmed

2020

GReviewIEB

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The most famous definition of economics among modern academicians and economists is a branch of science which deals with the study of the relationship between limited resources and unlimited wants or desires. Under the shadow of this definition, there are different types of conventional economic systems included relativism, utilitarianism, and universalism, etc. This study has been introduced in the economic world through an evolution process. There is a dominant feeling within the Muslim elites that either Islam is unable to respond to complex contemporary challenges in the fields of trade and economics or its economic concepts are old and outdated. Both of these perceptions are incorrect. The real philosophy, concept, and definition of Islamic economics are based on limiting desires and unlimited resources which are supported by Quran and Hadith. The beauty of Islamic economics is based on limited desires and unlimited resources. This concept of Islamic economics can share the risk of profit and loss in their business. Islamic banks with this revolutionary approach will feel at ease in implementing Shari’ah-based finance and offer risk-sharing products and services.

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“…In this study, DEA is used to find the relative efficiency of select stocks. Past studies (Ahmadzade et al, 2011;Arif et al, 2020;Arshinova, 2011;Garkaz & Pesarakloo, 2011;Shabbir & Keife, 2020;Yu et al, 2020) prove DEA to be effective in evaluation of stocks' performances.…”

Section: Literature Reviewmentioning

confidence: 99%

Selection of Variables in Data Envelopment Analysis for Evaluation of Stock Performance

Arasu

Kannaiah²,

Christina

et al. 2021

Management and Labour Studies

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Data envelopment analysis (DEA) is a relative measurement technique used to evaluate the efficiencies of a homogeneous group of samples with multiple inputs and/or outputs. DEA can be highly effective when right variables are chosen. The objective of this study is to identify the most appropriate variables for DEA to evaluate stock performance and find the efficient ones from a pool of stocks. Evaluation of stocks are carried out either by assessing their financial strength or by assessing their past price behaviour in the secondary market or both. In any case, it is imperative to use suitable variables to evaluate the performance of stocks. For this purpose, three different combinations of variables were tested on 69 non-financial stocks listed in the National Stock Exchange (NSE), which were selected based on their market capitalization. The results obtained suggest that all the three sets of variables taken for the study help in the identification of efficient stocks. The average returns of the stocks selected in all the three cases are higher than the market return. Among the three sets, stocks identified using the past price behaviour give a higher return when compared to the other two sets. The study can help academicians and investors to percolate efficient stocks from a large pool of stocks. The selected stocks can be further analysed to construct an effective portfolio.

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The role of globalization in financial development, trade openness and sustainable environmental -economic growth: evidence from selected South Asian economies

Cited by 72 publications

References 52 publications

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Do renewable energy sources improve clean environmental-economic growth? Empirical investigation from South Asian economies

Philosophy behind Islamic Economics: Limited Desires and Unlimited Resources

Selection of Variables in Data Envelopment Analysis for Evaluation of Stock Performance

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