Assessing the influence of tourism development, via renewable energy and green finance in achieving high-quality economic development

Sun, Xiaomei; Waqas, Muhammad

doi:10.1016/j.heliyon.2024.e33970

Heliyon

2024

DOI: 10.1016/j.heliyon.2024.e33970

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Assessing the influence of tourism development, via renewable energy and green finance in achieving high-quality economic development

Xiaomei Sun,

Muhammad Waqas

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Cited by 4 publications

References 60 publications

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Assess the Economic and Environmental Impacts of the Energy Transition in Selected Asian Economies

Hou,

Waqas

2024

Energies

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Energy transition and green innovation have appeared as new hopes for environmental impact due to human activity, which has destroyed biodiversity and increased environmental degradation. Therefore, developed and emerging economies are focusing on green innovation and energy transition to tackle the environmental impact. Thus, this study was initiated to provoke a meaningful relationship between energy transition, economic growth, trade, green innovation, and good governance to measure the role of concerning factors in achieving environmental sustainability. For this objective, dynamic econometric approaches such as cointegration, heteroskedastic OLS estimation using GMM (HOLS-GMM), AMG, and Driscoll–Kraay were implemented to estimate the Asian dataset between 1990 and 2022. The result indicates that concerning factors have a significant influence on environmental impact. The findings specify that a 1% rise in the energy transition and green innovation will influence the environment by 0.0517% and 3.051%, respectively. Further, AMG and Driscoll–Kraay validate the findings of HOLS-GMM. The robust tests indicate that the factors, which are concerning, significantly impact environmental sustainability. Consequently, the energy transition, trade, and green innovation significantly contribute to attaining ecological sustainability in the long term, and the Sustainable Development Theory prevails in the economy. Thus, innovative policy implications, including energy transition, green innovation, trade, and economic growth, are required to make Asia prominent in achieving environmental sustainability via implementing sustainable and green technologies and clean energy sources.

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Assess the Economic and Environmental Impacts of the Energy Transition in Selected Asian Economies

Hou,

Waqas

2024

Energies

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Evolution of Green Finance: Mapping Its Role as a Catalyst for Economic Growth and Innovation

Marín-Rodríguez,

González-Ruiz,

Botero

2024

JRFM

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This scientometric study analyzes the evolving landscape and outlook of green finance as a driver of economic innovation and growth, highlighting key trends and influential research within this critical field. A dataset of 371 publications was compiled from the Scopus and Web of Science databases and analyzed using VOSviewer, Bibliometrix, and Voyant tools to map the research landscape. By systematically reviewing the scientific literature, this research tracks the development of green finance’s role as a catalyst for economic innovation and growth, identifying trending topics, key studies, and major contributors through bibliometric and scientometric methods. The analysis reveals a growing interdisciplinary approach, integrating environmental, social, and political dimensions into green finance research. Keyword analysis identified three primary thematic clusters: (1) green finance and innovation, (2) economic growth, carbon neutrality, and fintech, and (3) renewable energy and urbanization. This study provides a comprehensive overview of the field and aims to guide future research while contributing to ongoing debates on the role of green finance in fostering economic innovation and sustainable growth.

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Green Innovation at the Crossroads of Financial Development, Resource Depletion, and Urbanization: Paving the Way to a Sustainable Future from the Perspective of an MM-QR Approach

Liu,

Waqas

2024

Sustainability

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Global warming has become a big problem around the world, and it is because of what people do. As a possible answer, countries are looking for ways to keep their economies growing and invest in technologies that use clean energy. Therefore, the notion of carbon neutrality has emerged as a crucial policy strategy for nations to attain sustainable development. This study expands the existing discussions on carbon neutrality by investigating the influence of key factors, including green innovation, financial development, natural resources depletion, trade openness, institutional quality, growth, and urbanization on the progress made towards attaining a carbon neutral state in the BRICS nations. This study considers the Method of Moment Quantile-Regression (MM-QR) and Prais–Winsten correlated panel corrected standard errors (PCSEs) estimators to investigate the study objectives over the period of 1990–2021. Under the investigated outcomes, this study validated the significant role of urbanization and growth in carbon neutrality. On the other hand, this study finds the positive role of openness, green innovation, resource depletion, institutional quality, and financial development on environmental deterioration. However, under a systematic analysis, this study utilizes different proxies of the financial sector, for instance, financial complexity, financial efficiency, financial stability, and domestic credit by financial sector, and provides interesting outcomes. Based on these outcomes, this study also provides suggestions to attain desired levels of sustainability.

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Assessing the influence of tourism development, via renewable energy and green finance in achieving high-quality economic development

Cited by 4 publications

References 60 publications

Assess the Economic and Environmental Impacts of the Energy Transition in Selected Asian Economies

Assess the Economic and Environmental Impacts of the Energy Transition in Selected Asian Economies

Evolution of Green Finance: Mapping Its Role as a Catalyst for Economic Growth and Innovation

Green Innovation at the Crossroads of Financial Development, Resource Depletion, and Urbanization: Paving the Way to a Sustainable Future from the Perspective of an MM-QR Approach

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