The current study examines the empirical relation between energy consumption and industrialization concerning other macroeconomic variables like as infrastructure, manufacturing, and capital formation with covering the period from 1975 to 2018. The Johansen co-integration estimation asserts the long-run association in this process. Whatever granger causality shows the bidirectional causality between electricity consumption and industrialization. Capital formation and industrialization have the bidirectional causality also. A unidirectional causality exists between oil and industrialization where manufacturing and industrialization have bidirectional causality. The estimated result of the error correction mechanism (ECM) shows the speed of long-run equilibrium at 45% within the time. The ECT has been significant at a 1% level with a pessimistic sign. The assistances of this attempt ensuring the importance of energy use and energy supervision in the aspect of industrial enlargement with making an allowance for the other macroeconomic indicators.
The current study analyzed the optimum solution to mitigate CO2 emission in Bangladesh. The significant factor of this study is agricultural productions and activities in Bangladesh are the superior carbon absorber. To estimate the effective result and findings this perusal conducts the Generalized Method of Movement with considering agricultural productions as a key variable to mitigate the CO2 emission. The econometric result finds that agricultural production reduces carbon emission in selected models. An increase the agricultural activities and green harvesting significantly reduce CO2 emission. Whatever, the empirical result also states that increasing agricultural production is not only a productive way to mitigate CO2, also, that CO2 could be mitigated to invest in agriculture, provide initiative or subsidies in the agriculture sector. The current study provides a substantial way to mitigate carbon dioxide without any harms of economic growth. Contribution/ OriginalityThis study is the first attempt to investigate the role of agriculture to relieve the CO2 emission in Bangladesh. It will also fill the gap of literature in this field in the country.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.