Unveiling the spillover effects of democracy and renewable energy consumption on the environmental quality of BRICS countries: A new insight from different quantile regression approaches

Ghosh, S. K.; Hossain, Md. Shaddam; Voumik, Liton Chandra; Raihan, Asif; Ridzuan, Abdul Rahim; Esquivias, Miguel Angel

doi:10.1016/j.ref.2023.06.004

Cited by 26 publications

(5 citation statements)

References 108 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Specifically, they investigated the extent to which nuclear energy contributed to the diminution in CO 2 emissions in France over the period spanning from 1977 to 2017. In their recent study, Ghosh et al [43] employ innovative quantile regression methods to reveal the interplay between democracy, renewable energy consumption, and environmental quality across BRICS nations. This comprehensive analysis provides novel insights into the complex relationship between these factors, contributing to a deeper understanding of renewable energy and policy formulation.…”

Section: Nexus Between Renewable Energy Nonrenewable Energy and Co 2 ...mentioning

confidence: 99%

The Impact of Fossil Fuels, Renewable Energy, and Nuclear Energy on South Korea’s Environment Based on the STIRPAT Model: ARDL, FMOLS, and CCR Approaches

Zimon,

Pattak,

Voumik

et al. 2023

Energies

Self Cite

View full text Add to dashboard Cite

This study intends to shed light on the environmental impacts of energy decisions in South Korea by analyzing the correlation between energy consumption patterns and environmental indicators such as carbon dioxide emissions. In 2021, global CO2 emissions increased by 6%—to the highest ever level of 36.3 billion tons—according to the International Energy Agency (IEA). This increase in CO2 emissions is a big problem for all countries around the world. The aim of this article is an analyze the impact of fossil fuels, renewable energy, and nuclear energy on South Korea’s environment based on the STIRPAT (stochastic impact by regression on population, affluence, and technology) model. Exploring the intricate nexus between economic and energy indicators and environmental outcomes, this study employs the STIRPAT model to analyze the influence of GDP, population dynamics, fossil fuels, renewable energy, and nuclear energy on South Korea’s environment. The yearly data from 1972 to 2021 are analyzed in this paper using an autoregressive distributed lag (ARDL) model. The reliability of this study is also examined by employing FMOLS (fully modified ordinary least squares) and CCR (canonical cointegrating regression) estimators. This study confirms the findings of previous research by showing that the rising South Korea GDP and population can lead to higher CO2 emissions and that a strategy switching to renewable energy can cut down on CO2 emissions in Korea, as it exhibits a coefficient of −0.085 *. The robustness results of FMOLS and CCR’s findings support baseline ARDL findings.

show abstract

Section: Nexus Between Renewable Energy Nonrenewable Energy and Co 2 ...mentioning

confidence: 99%

The Impact of Fossil Fuels, Renewable Energy, and Nuclear Energy on South Korea’s Environment Based on the STIRPAT Model: ARDL, FMOLS, and CCR Approaches

Zimon,

Pattak,

Voumik

et al. 2023

Energies

Self Cite

View full text Add to dashboard Cite

show abstract

“…A recent study conducted by Ghosh et al (2023) tested the effect of the democratic regime on economic growth and on a sustainable economy in BRICS countries. The results of this study showed that economic growth through using the renewable energy and democracy creates a cleaner environment.…”

Section: Democracy Islamicity Corruption and Economic Growthmentioning

confidence: 99%

The Impact of the Islamic System on Economic and Social Factors: A Macroeconomic Uncertainty Context

Gassouma,

Benhamed

2023

Economies

View full text Add to dashboard Cite

This paper examines the effects of Islamic economic and social systems within a democratic environment on the causal relationships among uncertainty, informal economy, corruption, and economic growth. For this purpose, we considered a set of Middle East/North Africa MENA countries considered to be in economic difficulty and undergoing the democratic transition process (Tunisia, Algeria, Egypt, Libya, Yemen, and Iraq) for the period of 2000–2018. Our contribution is to use the social index that measures the degree of Islamicity in each country in terms of economic and political matters. We examine the effects of Islamicity and democracy on uncertainty, informal economy, corruption, and economic growth using a vector autoregression (VAR) model. Our empirical findings show that, if a theoretical Islamic system is applied in practice, it must be accompanied by a democratic regime to effectively mitigate uncertainty, informal economy, and corruption and contribute to economic growth. Democracy is a necessary component for achieving an optimal level of Islamicity.

show abstract

“…The barrier to mitigating climate devastation partly endures due to a lack of affordable technical solutions, inadequate policy-making, and uncoordinated sustainability efforts [3,4]. In 2022, the International Energy Agency reported a record 36.8 gigatons of CO 2 emissions, up 0.9% from the prior year, driven by a growing global economy and energy demand [5,6]. Consequently, the UN Framework Convention on Climate Change emphasizes reinforcing the Paris Agreement via concerted state and collaborative efforts.…”

Section: Introductionmentioning

confidence: 99%

“…Carbon emissions are under intense study, revealing threats to environmental quality in developing nations like India, Mexico, Malaysia, the BRICS, and South Asian countries due to economic growth, global trade, population increase, and non-renewable resource usage [6,[15][16][17]. However, Akinsola et al [18] underline that carbon output, a significant GHG component, inadequately reflects ecological damage in both advanced and developing nations [19][20][21].…”

Section: Introductionmentioning

confidence: 99%

The Dynamic Impacts of Economic Growth, Financial Globalization, Fossil Fuel, Renewable Energy, and Urbanization on Load Capacity Factor in Mexico

Raihan,

Rashid,

Voumik

et al. 2023

Sustainability

Self Cite

View full text Add to dashboard Cite

This study explores the interplay among economic growth, financial globalization, urbanization, fossil fuel consumption, and renewable energy usage and their combined impact on the load capacity factor in Mexico. This research employs the load capacity factor as a unique measure of ecological health, facilitating a comprehensive ecosystem assessment by sequentially evaluating biocapacity and ecological effects. Using time series data spanning from 1971 to 2018, this study employs the Autoregressive Distributed Lag (ARDL) method to analyze both long-term and short-term dynamics and cointegration. The findings reveal that economic growth, fossil fuel usage, and urbanization reduce Mexico’s load capacity factor, thereby diminishing environmental quality. In contrast, the adoption of renewable energy sources and the influence of financial globalization exhibit positive effects on the load capacity factor over the long and short term. These outcomes remain consistent even when compared with alternative estimation techniques, including dynamic ordinary least squares (DOLS), fully modified least squares (FMOLS), and canonical cointegrating regression (CCR). As a priority, Mexican policymakers should accelerate the transition to renewable energy sources, encourage sustainable urban development, and foster a more ecologically conscious economic agenda. Furthermore, promoting greener technologies can enhance the load capacity and mitigate environmental degradation. Ultimately, Mexico can establish an environment conducive to expanding sustainable investments by encouraging cross-border investments, enabling global trade in financial services, and cultivating greater integration of capital and financial markets.

show abstract

Unveiling the spillover effects of democracy and renewable energy consumption on the environmental quality of BRICS countries: A new insight from different quantile regression approaches

Cited by 26 publications

References 108 publications

The Impact of Fossil Fuels, Renewable Energy, and Nuclear Energy on South Korea’s Environment Based on the STIRPAT Model: ARDL, FMOLS, and CCR Approaches

The Impact of Fossil Fuels, Renewable Energy, and Nuclear Energy on South Korea’s Environment Based on the STIRPAT Model: ARDL, FMOLS, and CCR Approaches

The Impact of the Islamic System on Economic and Social Factors: A Macroeconomic Uncertainty Context

The Dynamic Impacts of Economic Growth, Financial Globalization, Fossil Fuel, Renewable Energy, and Urbanization on Load Capacity Factor in Mexico

Contact Info

Product

Resources

About