Unpacking the role of public debt in renewable energy consumption: New insights from the emerging countries

Hashemizadeh, Ali; Bui, Quocviet; Kongbuamai, Nattapan

doi:10.1016/j.energy.2021.120187

Cited by 63 publications

(29 citation statements)

References 79 publications

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“…However, the external debt affects negatively the financial strength of investment, which in turn it will affect negatively the level of energy consumption. The finding is in line with [ 34 ] and [ 40 ] who tested the linkage among public debt on the consumption of renewable energy, and confirmed that there is a positive linkage between the level of debt and renewable energy consumption.…”

Section: Empirical Results and Discussionsupporting

confidence: 89%

“…Using the Panel testing model, the findings confirmed that public debt affects negatively the level of renewable energy consumption in BRICS countries. [ 40 ] tested the linkage among public debt and consumption of renewable energy in 20 selected emerging countries, over the period 1990–2016. Using the Granger causality test, the findings confirmed that there is a causal linkage among the level of debt and renewable energy consumption.…”

Section: Review Of Literaturementioning

confidence: 99%

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Financial sector development, external debt, and Turkey’s renewable energy consumption

2022

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The primary aim of this paper is to provide fresh evidence by testing the linkage between renewable energy consumption, financial development, and external debts in Turkey, using the Bootstrap ARDL test (McNown et al. 2018). The Bootstrap ARDL test is desired over traditional co-integration tests due to its ability to predict when resolving power and size limitation issues, and its corresponding features, which have not been addressed by traditional co-integration tests. The ARDL testing model is employed to investigate the coefficients amongst the selected variables. The findings from the ARDL test illustrate that there is a positive linkage between renewable consumption and Turkey’s financial development. Furthermore, the outcomes illustrate that the coefficient of external debt is negative and significant. The results indicate that policymakers in Turkey must use the growth of the financial sector to minimize environmental degradation by promoting investment in energy and production through renewable energy sources. Furthermore, the research suggested that Turkey’s policy-makers should reformulate the external debt policy to reduce the negative influence of external debt on sustainable energy development. This could potentially be achieved by removing any restrictions on international capital flow or barriers on foreign capital and foreign investment. Hence, the findings of this paper provide valuable conclusions and recommendations for Turkey heading to sustainable and green financial sector.

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Section: Empirical Results and Discussionsupporting

confidence: 89%

Section: Review Of Literaturementioning

confidence: 99%

Financial sector development, external debt, and Turkey’s renewable energy consumption

2022

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“…These are Argentina, Bangladesh, Brazil, China, India, Indonesia, Malaysia, Mexico, Pakistan, Philippines, Russian Federation, South Africa, Thailand, Turkey, and Ukraine. The choice of data is justified due to the availability of data (Loukil, 2019;Hashemizadeh et al, 2021). The data used for the study include CO2 emissions (metric tons per capita), urban population (% of the total population), GDP per capita (constant 2010 US$), and renewable energy consumption (% of total final energy consumption).…”

Section: Empirical Methodology and Datamentioning

confidence: 99%

The Nonlinear Links Between Urbanization And CO2: Evidence From Unconditional Quantile And Threshold Regression

Koçoğlu

Awan

Tunc

et al. 2021

Preprint

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The extant literature has provided empirical evidences about the relationship between urbanization and environment, however, a little attention has been paid to non-linear relationship among them. This study aims to measure the effects of urbanization on carbon dioxide emission using quantile and threshold regression method. To this end, the study employed threshold analysis and quantile regression method and analyzed the variation of such non-linearity for different levels of carbon dioxide using quantile regression. The results illustrate that a single threshold and two regimes exist and the threshold for urbanization is 29.56%. Across both regimes, the elasticity estimates form an inverted U-shape impact of urbanization on the carbon dioxide emission. The increase in the marginal effect of urbanization on carbon dioxide emissions up to the median level and a declining trend after this level implies that environmental quality significantly improves for emerging country.

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“…The findings indicate that the impact of environmental dynamics on the relationship between green product innovation and cost efficiency is moderate and the relationship between green product innovation and firm profitability is slightly modulated. By using 2011-2012 Chinese panel statistics for pollutionintensive companies, Hashemizadeh et al (2021) have developed panel regression models to investigate impacts on corporate innovation and competitiveness from environmental regulations. Guo et al created an integrated model to examine the connections between environmental regulation, technical innovation, and the success of regional green development.…”

Section: Technological Progress and Environmental Regulationmentioning

confidence: 99%

Evaluating green innovation and performance of financial development: mediating concerns of environmental regulation

Hsu

Ngo

Chien

et al. 2021

Environ Sci Pollut Res

217

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This research measures the relationship between green innovation and the performance of financial development by using an econometric estimation during the year of 2000 to 2018 in 28 Chinese provinces. It is intended to explore the relative role of green technological innovation in driving green financial development in the west and central China, as well as how it influences economic growth in these regions. Ordinary least square (OLS) framework was utilized in mainland China to perform empirical studies by using an econometric estimation. This study claims that China has adopted research-based education system, while those for economic growth and expenditure in the regions while the innovation parts results shows that the tertiary education were 12.42% and 13.53% versus the 10.50% and 10.6% in the eastern area. The research-based education increases the patents in green innovation and boosts the environmental policy. The financial development led to green technological development and innovation. Green innovation and financial development decrease the emissions, and it is apparent that as environmental regulations stimulate technical development, the superiority of human resources increases. The findings indicate that green financing reduces short-term lending, thus limiting clean energy overinvestment, while the long-term loans have little impact on renewable energy overinvestment, and the intermediary effect is unmaintainable. Meanwhile, the green financial growth will reduce renewable energy overinvestment and increase renewable energy investment productivity to certain amount.

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Unpacking the role of public debt in renewable energy consumption: New insights from the emerging countries

Cited by 63 publications

References 79 publications

Financial sector development, external debt, and Turkey’s renewable energy consumption

Financial sector development, external debt, and Turkey’s renewable energy consumption

The Nonlinear Links Between Urbanization And CO2: Evidence From Unconditional Quantile And Threshold Regression

Evaluating green innovation and performance of financial development: mediating concerns of environmental regulation

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