The role of natural resources, globalization, and renewable energy in testing the EKC hypothesis in MINT countries: new evidence from Method of Moments Quantile Regression approach

Aziz, Noshaba; Sharif, Arshian; Raza, Ali; Jermsittiparsert, Kittisak

doi:10.1007/s11356-020-11540-2

Cited by 112 publications

(65 citation statements)

References 99 publications

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“…The results are consistent with the findings of Aziz et al [81], Si et al [82,83], and Koondhar et al [84]. In the case of BRICS and the MINT panel, Aziz et al [85,86] revealed that countries, after attaining a certain level of income, are inclined to regenerate the environment.…”

Section: Main Regression Resultssupporting

confidence: 89%

Trade Liberalization and Environmental Performance Index: Mediation Role of Climate Change Performance and Greenfield Investment

et al. 2021

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At present, concerns regarding climate change are common, especially in countries more vulnerable to environmental degradation. Greenhouse gases, including carbon emissions, are mainly considered to deteriorate the environment. Despite substantial agreement on many environmental issues, there are also important differences between regions and countries, and often, within nations. Accordingly, this study aims to examine the environmental performance of South and East Asian countries and its association with trade and other economic variables. Panel regression techniques and robust checks are used to examine the data, which covers 15 years from 2002 to 2016. The findings suggest an extensive negative association between trade liberalization and the environmental performance of selected countries. It is also shown that climate change performance is an important channel for the overall environmental change. The results regarding heterogeneous differences affirm the concept of sustainability and the pollution halo hypothesis. However, it is suggested that each country should make an effort to improve its environmental performance along with economic development. The role of green innovation and renewable energy is very crucial in this regard. The outcomes of this study could be helpful for researchers and policymakers to form better policies regarding the environment and climate change.

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Section: Main Regression Resultssupporting

confidence: 89%

Trade Liberalization and Environmental Performance Index: Mediation Role of Climate Change Performance and Greenfield Investment

et al. 2021

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“…Aziz et al [24] considered the effects of renewable energy, globalization, and environmental Kuznets curve, using panel cointegration and panel moments of quantile regression for MINT countries cover the period 1995-2018. The authors selected as explanatory variables income per capita, squared income per capita, globalization (KOF index), natural resources, and renewable energy.…”

Section: Literature Review and Empirical Studiesmentioning

confidence: 99%

The Impact of Renewable Energy and Economic Complexity on Carbon Emissions in BRICS Countries under the EKC Scheme

2021

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Economic complexity makes it possible to assess the development of the countries, the relations of innovation, and the differentiation of products. The article considers the links between the hypotheses of the Kuznets environmental curve and economic complexity using panel data for the group of BRICS countries (Brazil, Russia, India, China, and South Africa) from 1990 to 2015. As an econometric strategy, this study considered the panel fully modified least squares (FMOLS), panel dynamic least squares (DOLS), fixed effects (FE), and Panel Quantile Regression. The empirical results showed that economic complexity, income per capita, renewable energy, and carbon dioxide emissions are integrated with the first difference when applying the unit root test. The arguments of Pedroni and Kao cointegration tests were also used. According to these results, the variables used in this research are cointegrated in the long run. The results validated the arguments of the EKC hypothesis, i.e., the income per capita and squared income per capita are positively and negatively correlated with CO2 emissions. Moreover, economic complexity and renewable energy aim to improve environmental damage and climate change.

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“…Overall, tests' results provide a robust indication that the data is integrated of order one. In line with existing literature adopting a similar panel quantile regression approach (see, e.g., Ike et al 2020;An et al 2021;Aziz et al 2021), 17 our analysis considers variables in levels. 18…”

Section: Diagnosticsmentioning

confidence: 85%

“…When dealing with the estimation approach of the MMQR, existing literature usually proceeds as follows: after performing the standard diagnostics, the estimation of the unknown parameters is always carried out on variables expressed in levels if the data is non-stationary but cointegrated. To control whether t-values are reliable, linear regression methods that allow data to be non-stationary and cointegrated as, e.g., DOLS, are applied in a second step as a benchmark for the t-values estimated in the MMQR (see, among others, the applications in Ike et al 2020; An et al 2021;Aziz et al 2021). the DOLS technique proposes to include lags and leads of the regressors in first differences to yield a consistent estimator with reliable t-statistics.…”

Section: Panel Quantile Regression Resultsmentioning

confidence: 99%

Exploring the effects of climate-related financial policies on carbon emissions in G20 countries: a panel quantile regression approach

D’Orazio

Dirks

2021

Environ Sci Pollut Res

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This paper studies the effects of financial development, economic growth, and climate-related financial policies on carbon emissions for G20 countries. The focus is particularly on financial policies implemented to scale up green finance and address climate-related financial risks from 2000 to 2017 and represent this paper’s value added. The empirical results obtained by relying on the panel quantile regression approach indicate that the impacts of the different explanatory variables on carbon emission are heterogeneous. Specifically, the effect of the stock of short-term financial policies on carbon emissions is negative, and its effect becomes smaller at higher quantiles. The stock of long-term policies also shows significant negative coefficients, but its impact is stronger for higher quantiles. No significance is reported for the lowest quantile. Financial development contributes to improving environmental quality, and its impact is larger in higher emission countries. Energy consumption increases carbon emissions, with the strongest effects occurring at higher quantiles. Our results also support the validity of the EKC relationship and positive effects of GDP and population on high carbon emissions levels. Estimation results are robust to alternative model specifications and after controlling for the role played by adopting international climate change mitigation policies as proxied by the adoption of the Kyoto Protocol.

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The role of natural resources, globalization, and renewable energy in testing the EKC hypothesis in MINT countries: new evidence from Method of Moments Quantile Regression approach

Cited by 112 publications

References 99 publications

Trade Liberalization and Environmental Performance Index: Mediation Role of Climate Change Performance and Greenfield Investment

Trade Liberalization and Environmental Performance Index: Mediation Role of Climate Change Performance and Greenfield Investment

The Impact of Renewable Energy and Economic Complexity on Carbon Emissions in BRICS Countries under the EKC Scheme

Exploring the effects of climate-related financial policies on carbon emissions in G20 countries: a panel quantile regression approach

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