An empirical appraisal of the non-linear nexus between foreign remittance receipts and carbon emissions intensities

Qiao, Xiaolong; Murshed, Muntasir; Alam, Mohammad Mahtab; Das, Narasingha; Khudoykulov, Kurshid; Tariq, Salman

doi:10.1016/j.gr.2023.09.020

Cited by 5 publications

(1 citation statement)

References 45 publications

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“…The boost in people's purchasing power facilitated by remittances enables the acquisition of luxury items such as vehicles and other transportation goods. Subsequently, these vehicles and machinery consume energy through fuel combustion, leading to a significant release of carbon dioxide into the atmosphere (Qiao et al 2024;Sharma et al 2019;Wang et al 2021;Chen et al 2022). This rapid escalation in carbon dioxide emissions accounts for 58.5% of greenhouse gas emissions, playing a pivotal role in climate change and global warming (Halicioglu 2009).…”

Section: Introductionmentioning

confidence: 99%

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

Chand,

Singh

2024

JRFM

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In this study, we aim to investigate the effects of remittance on sustainable economic development in 52 developing and emerging economies from 1996 to 2021. The study uses other variables such as real GDP per capita, total natural resource rents, globalization, and foreign direct investment. To achieve the mentioned objective, we apply a series of second-generation panel estimation approaches. These include CIPS unit root, Westerlund cointegration, cross-sectional augmented autoregressive distributed lag (CS-ARDL), and robustness using augmented mean group (AMG) and common correlated mean group (CCEMG). These methods are useful provided they are robust towards cross-country dependencies, slope heterogeneity, endogeneity, and serial correlation, which are disregarded in the conventional panel estimations. The empirical findings indicate that remittance accelerates sustainable economic development. Additionally, real GDP per capita and globalization also positively contribute towards sustainable economic development. However, total resource rents deteriorate sustainable economic development. This study offers key policy implications based on the empirical findings for the developing and emerging economies.

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Section: Introductionmentioning

confidence: 99%

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

Chand,

Singh

2024

JRFM

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The mediating role of green energy and environmental policies in sustainable development for BRICS economies: A tripartite impact of entrepreneurial activities, urban development and economic growth on ecological footprint

Udemba,

Shah,

Philip

et al. 2024

Sustainable Development

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Recently, the globe has been facing several challenges, and environmental deterioration has become more prominent. Therefore, to deal with such environmental issues, the globe has tried to introduce several green initiatives via the Kyoto Protocol, the Paris Agreement, and the Sustainable Development Goals, but the problem remains intact. However, practitioners have no more choice but to exclude emerging economies from this race. For instance, to understand the response of emerging economies toward a sustainable environment, this study considers BRICS (Brazil, Russia, India, China and South Africa) economies. Similarly, the current empirical study utilizes innovative environmental determinants such as real income, urbanization, entrepreneurial activities, per capita renewable energy, financial innovation and environmental policy for selected regions from 2000 to 2021. However, the findings of the advanced estimators' series show the significant contribution of per capita green energy consumption, environmental policy and entrepreneurial activities toward environmental sustainability. In contrast, income, financial inclusion and urbanization contribute to environmental damage. Because of green energy supportive behavior, this study makes an additional step to investigate the mediating effect on financial inclusion, environmental policy and entrepreneurship. However, the mediating effect only supports environmental policy and entrepreneurship activities to reduce environmental pressure. From the policy perspective, the specified economies should allocate their financial resources to clean & green projects to attain the desired level of sustainability.

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Can undergoing renewable energy transition assist the BRICS countries in achieving environmental sustainability?

Alam,

Destek,

Haque

et al. 2024

Environ Sci Pollut Res

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An empirical appraisal of the non-linear nexus between foreign remittance receipts and carbon emissions intensities

Cited by 5 publications

References 45 publications

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

Role of Remittance on Sustainable Economic Development in Developing and Emerging Economies: New Insights from Panel Cross-Sectional Augmented Autoregressive Distributed Lag Approach

The mediating role of green energy and environmental policies in sustainable development for BRICS economies: A tripartite impact of entrepreneurial activities, urban development and economic growth on ecological footprint

Can undergoing renewable energy transition assist the BRICS countries in achieving environmental sustainability?

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