A dynamic relationship between renewable energy, agriculture, globalization, and ecological footprint of the five most populous countries in Asia

Li, Lei; Ali, Arshad; Li, Shen; Zhang, Taiming

doi:10.1007/s11356-023-28546-1

Cited by 7 publications

(2 citation statements)

References 103 publications

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“…For both tests, the null hypothesis of homogeneous unit root states that "all sections in the panel are nonstationary", while under the alternative hypothesis, "at least, one individual section is stationary". Both tests are largely used in the literature regarding the impact of various economic, financial or energy variables, such as: globalization, economic growth, financial development, renewable/non-renewable energy on carbon emissions or environmental quality [115,[126][127][128][129][130][131][132][133][134][135][136][137][138][139][140][141][142][143][144][145].…”

Section: Stationarity Of Variablesmentioning

confidence: 99%

Could Globalization and Renewable Energy Contribute to a Decarbonized Economy in the European Union?

Neagu,

Anghelina,

Teodoru

et al. 2023

Preprint

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The study investigates the impact of globalization, renewable energy consumption and economic growth on CO2 emissions in 26 European Union (EU) countries for the period 1990-2020. The second-generation panel unit root tests are applied, the Westerlund cointegration test is used, and panel Fully Modified Least Squares (FMOLS) and Dynamic Ordinary Least Squares (DOLS) techniques are employed to estimate the long-term relationship between variables. The causality relationship among variables under investigation is identified by the heterogeneous Dumitrescu-Hurlin causality test. It is found that globalization and renewable energy consumption contributed to the carbon emissions mitigation, while economic growth induced their increase. The results are robust when control variables (i.e., financial development, foreign direct investment and urbanization) are added in the model. Foreign direct investment and urbanization are contributors to carbon emissions increase whereas financial development induce their decrease. The effect of variables under consideration on carbon emissions is differentiated by the economic development and institutional quality level. Unidirectional causalities relationships were identified from globalization to carbon emissions and from carbon emissions to foreign direct investment and bidirectional relationships between economic growth, renewable energy consumption, financial development and carbon emissions. Policy implications of the findings are also discussed.

show abstract

Section: Stationarity Of Variablesmentioning

confidence: 99%

Could Globalization and Renewable Energy Contribute to a Decarbonized Economy in the European Union?

Neagu,

Anghelina,

Teodoru

et al. 2023

Preprint

View full text Add to dashboard Cite

show abstract

“…For both tests, the null hypothesis of homogeneous unit root states that "all sections in the panel are nonstationary", while under the alternative hypothesis, "at least, one individual section is stationary". Both tests are largely used in the literature regarding the impact of various economic, financial, or energy variables such as globalisation, economic growth, financial development, renewable/non-renewable energy on carbon emissions and environmental quality [104,[116][117][118][119][120][121][122][123][124][125][126][127][128][129][130][131][132][133][134][135].…”

Section: Stationarity Of Variablesmentioning

confidence: 99%

Could Globalisation and Renewable Energy Contribute to a Decarbonised Economy in the European Union?

Neagu,

Anghelina,

Teodoru

et al. 2023

Sustainability

View full text Add to dashboard Cite

This study investigates the impact of globalisation, renewable energy consumption, and economic growth on CO2 emissions in 26 European Union (EU) countries, in the period 1990–2020. Second-generation panel unit root tests are applied, the Westerlund cointegration test is used, and a panel of fully modified least squares (FMOLS) and dynamic ordinary least squares (DOLS) techniques are employed to estimate the long-term relationship between variables. The causality relationship among the considered variables is identified using the heterogeneous Dumitrescu–Hurlin causality test. It was found that globalisation and renewable energy consumption contributed to the carbon emissions’ mitigation, while economic growth induced their increase. The results are robust when control variables (i.e., financial development, foreign direct investment, and urbanisation) are added to the model. Foreign direct investment and urbanisation are contributors to carbon emissions’ increase, whereas financial development induces their decrease. The effect of the considered variables on carbon emissions is differentiated by economic development and level of institutional quality. Unidirectional causality relationships were identified from globalisation to carbon emissions and from carbon emissions to foreign direct investment and bidirectional relationships were found between economic growth, renewable energy consumption, financial development, and carbon emissions. The policy implications of the results are also discussed.

show abstract

Balancing agriculture, environment and natural resources: insights from Pakistan’s load capacity factor analysis

Ali,

Yang,

Ali

et al. 2023

Clean Techn Environ Policy

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A dynamic relationship between renewable energy, agriculture, globalization, and ecological footprint of the five most populous countries in Asia

Cited by 7 publications

References 103 publications

Could Globalization and Renewable Energy Contribute to a Decarbonized Economy in the European Union?

Could Globalization and Renewable Energy Contribute to a Decarbonized Economy in the European Union?

Could Globalisation and Renewable Energy Contribute to a Decarbonised Economy in the European Union?

Balancing agriculture, environment and natural resources: insights from Pakistan’s load capacity factor analysis

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