The roles of foreign direct investments, economic growth, and capital investments in decarbonizing the economy of Oman

Hamid, Ishfaq; Alam, Md Shabbir; Murshed, Muntasir; Jena, Pabitra Kumar; Sha, Nadia; Alam, Mohammad Noor

doi:10.1007/s11356-021-17246-3

Cited by 68 publications

(39 citation statements)

References 89 publications

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Section: Conclusion and Suggestions For Policy Makersmentioning

confidence: 99%

“…To overcome this thorny issue, substantial economic, financial and energy policy reforms are needed to keep the economy growing while boosting the domestic banking sector. Future research might build on this work by examining the relationship between renewable and nonrenewable energy use, economic-growth and carbon emissions (Hamid et al, 2021). Other variables such as urbanization (Hossain, 2011); foreign direct investment (Hamid et al, 2020); interest rate (Karanfil, 2009); population growth (Pachiyappan et al, 2021); and industrialization (Cole et al, 2011) could be included in the model as potential determinants of carbon emissions to investigate the relationship between economic-growth, energy intensity and CO 2 .…”

Section: Conclusion and Suggestions For Policy Makersmentioning

confidence: 99%

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Is trade, energy consumption and economic growth threat to environmental quality in Bahrain–evidence from VECM and ARDL bound test approach

Alam

2022

IJES

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PurposeThe Kingdom of Bahrain has had tremendous development in various areas in the last decade. As a result of this, increasing energy consumption in Bahrain puts a strain on the country's energy supplies and increased CO2 emissions. This study investigates the determinants of carbon emissions in Bahrain.Design/methodology/approachThis study employs the autoregressive distributed lag (ARDL) bounds test and vector error correction model (VECM) Granger causality cointegration methods for empirical analysis during 1980-2020. The unit root test and residual diagnosis have been applied to see the stationarity and normality of the model.FindingsThe analysis suggests no short run causality amid carbon emission, international trade, capital formation, economic development and energy consumption, but a long-run association jointly exist from the exogenous variables toward endogenous variables. The results of the study also revealed that trade and economic growth in Bahrain react negatively to environmental deterioration.Practical implicationsThis research study’s outcome will help the policymakers to build sound external and environmental policies to sustain economic growth and suggested policymakers to emphasize on sustainable usage of energy, alternatives of energy supply, and creation of renewable energy to mitigate the impact of CO2 emission.Social implicationsThe alternatives of energy supply and creation of renewable energy can positively influence the socio-economic state of the nation, like new job opportunities, revenue generation.Originality/valueThis study is unique as no other study till now has covered this period. The findings are also different as the past studies found short-run causality with the control variables, but the study found a long-run causality jointly.

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Section: Conclusion and Suggestions For Policy Makersmentioning

confidence: 99%

Section: Conclusion and Suggestions For Policy Makersmentioning

confidence: 99%

Is trade, energy consumption and economic growth threat to environmental quality in Bahrain–evidence from VECM and ARDL bound test approach

Alam

2022

IJES

Self Cite

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“…The recipient country of FDI is equipped with both capital and technology flows that will aid in its development. In this case, when one country seeks to invest in another, the benefit sought must be greater than the risks encountered (Hamid et al 2020). However, as a result of the emergence of environmental pollution and greenhouse gas emissions, many countries are enacting environmental regulations, especially targeting foreign direct investments (Ayamba et al 2019).…”

Section: Control Variablesmentioning

confidence: 99%

The Effect of Monetary Policy and Private Investment on Green Finance: Evidence from Hungary

Desalegn

Fekete-Farkas

Tangl

2022

JRFM

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The objective of this study was to examine the effect of monetary policy and private investment on green finance in the case of Hungary. The study used an explanatory research design and a quantitative research approach. Quarterly secondary time series data over 8 years (2013–2020) were utilized. More specifically, the study used Johnson co-integration test and vector error correction model to investigate the long and short-run relationship among variables. The study’s findings imply that monetary policy, as measured by interest rates and the broad money supply, has a mixed effect on the level of green financing. Interest rates, in particular, have a negative and significant relationship with green finance in both the long and short run. However, a broad money supply has a positive but insignificant relationship with green finance in the long run. Private investment has a positive and significant relationship with green financing in both the long and short run. The study also used inward and outward foreign direct investment, and greenhouse gas as a control variable of the study. The study finding implies that inward foreign direct investment has a positive and significant relationship with green financing in both the long and short run. On the other hand, outward foreign direct investment and the level of greenhouse gas have a negative and significant relationship with green finance in both the long and short run. The study also discovered that over time series, disturbance in domestic private investment was the most determinant factor in forecast error variance of green financing. In addition, the result of document analysis shows that the majority of Hungarian credit institutions are dealing with their corporate strategy rather than their sustainability strategy. Hence, progressive approaches are needed from the credit institution to frame their strategy under the concept of sustainable development goals. The finding of this study will contribute to the existing literature on the study area, provide suggestions on green finance and green monetary policy approaches, provide implications on key stakeholders of green financing, as well as the experience of different economies. The study advises central banks, credit institutions, and regulatory authorities to consider both neoliberal and reformist approaches of green finance and green monetary policies in aid to increase green investment.

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“…This analysis is more fascinating by including Sub-Saharan Africa and categorizing countries based on income levels. The division of SSA into income groups also reveals which countries pollute the most; it also reveals that each group of countries requires different policies and a variety of policy techniques to improve the environmental quality while clarifying which group of countries should prioritize mitigation policies and which group requires more support in terms of mitigation and adaptation policies (Hamid et al, 2022b).…”

Section: Introductionmentioning

confidence: 99%

Nexus between trade and environmental quality in sub-saharan Africa: Evidence from panel GMM

Andriamahery

Danarson

Qamruzzaman

2022

Front. Environ. Sci.

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Environmental sustainability is a burning fact worldwide, especially in developing nations. Equitable economic development, environmental protection, energy efficiency and security have been placed at the apex of economic discussant and policy formulation. This paper establishes the relationship between trade and environmental quality in Sub-Saharan Africa (SSA). Following the Environmental Kuznets Curve (EKC) theory, we investigate the existence of an inverted U-shape correlation between income per capita growth and nitrous oxide (N2O), agricultural methane (ACH4), and carbon dioxide (CO2) emissions to ascertain the presence of EKC. We also analyze how trade variables, income per capita growth, energy intensity, foreign direct investment, human capital, and CO2 emissions are related. The results show that trade significantly increases N2O, ACH4, and CO2 emissions for the overall sample of SSA and its income groups [Upper-Middle-Income Countries (UMIC), Lower-Middle-Income Countries (LMIC), and Low-Income Countries (LIC)] using a panel GMM. This paper concludes that reducing emissions is feasible in the future as shown by the existence of the EKC, and trade has a consistently negative impact on the environment in SSA countries, regardless of wealth level. On the policy note, the study suggested that domestic trade liberalization and foreign ownership in the economy play a detrimental role, and thus industrialization has to ensure energy efficiency and energy security.

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The roles of foreign direct investments, economic growth, and capital investments in decarbonizing the economy of Oman

Cited by 68 publications

References 89 publications

Is trade, energy consumption and economic growth threat to environmental quality in Bahrain–evidence from VECM and ARDL bound test approach

Is trade, energy consumption and economic growth threat to environmental quality in Bahrain–evidence from VECM and ARDL bound test approach

The Effect of Monetary Policy and Private Investment on Green Finance: Evidence from Hungary

Nexus between trade and environmental quality in sub-saharan Africa: Evidence from panel GMM

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