Commodity dynamism in the COVID-19 crisis: Are gold, oil, and stock commodity prices, symmetrical?

Sadiq, Muhammad; Lin, Chia-Yang; Wang, Kuan-Ting; Trung, Lam Minh; Duong, Khoa Dang; Ngo, Thanh Quang

doi:10.1016/j.resourpol.2022.103033

Cited by 37 publications

(6 citation statements)

References 52 publications

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“…Increased diversification of renewable resources could result in averting climate change, lowering energy inadequacy, expanding energy supply, and decreasing reliance on fossil fuel industries (Bai et al 2022;Belaïd & Zrelli, 2019). Clean or renewable energies reached their maximum generation capacity in 2019, exceeding 200 gigawatts (REN21, 2020), while fossil fuels remain dominant in the global energy mix, providing 81% of the world's primary energy (Chien, 2022a;Saadaoui, 2021;Sadiq et al 2022d).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach

Chien

Zhang

et al. 2023

Environ Sci Pollut Res

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Although economies have experienced immense growth in recent times, however, it also comes with environmental and social consequences which question the current practices and threaten the well-being of current as well as the future generation. This realization, thus, pushes institutions to bring change in existing energy-related policies in order to incorporate social and environmental concerns. Clean energy transition, in this regard, is gaining attraction all over the world as it shifts away economies from non-renewable resources. The study, thereby, intends to explore the role of governance and environmental taxes in the energy transition in China economy over the period 1999–2019. The roles of industrialization and economic growth in the transition of energy are taken into consideration. The recently introduced legit quantile autoregressive distributed lag (QARDL) model and Granger causality in quantiles are applied to quarterly data spanning 1999Q1 to 2019Q4 for empirical quantile analysis. Results echoed that governance has a positive impact and environmental resources have a negative impact on energy transition across all quantiles. However, economic growth influences clean energy transition only at extremely higher quantiles (0.60–0.95), and industrialization does not have any effect on energy transition over the entire quantile range. The findings of the Granger causality analysis reveal the presence of a bidirectional causal association between clean energy transition and all the variables. Worthy policies are recommended on the basis of the findings.

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Section: Introductionmentioning

confidence: 99%

RETRACTED ARTICLE: Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach

Chien

Zhang

et al. 2023

Environ Sci Pollut Res

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“…Climate risks also indirectly affect financial stability because risks can spread from one market or sector to another. Climate change can cause the value of some assets to go down, which can spread to other assets, sectors, and markets and lower their values Sadiq et al, ( 2022a , b ). For example, a drop in the value of assets in the energy sector could cause a drop in the stock market’s value as a whole.…”

Section: Literature Reviewmentioning

confidence: 99%

“…This essay examines how financial stability and reducing greenhouse gas (GHG) emissions are related. Policymakers, investors, and businesses are increasingly aware of the link between financial stability and lowering GHG emissions (Sadiq et al 2022a , b ). Financial stability means the financial system can do its job well and efficiently, even when bad things happen (Yunzhao 2022 ).…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

Liu

2023

Environ Sci Pollut Res

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This study examines the nexus between financial stability, climate risks, GHG emission mitigation, and green economic recovery of China. Financing efforts to protect against and reduce the hazards associated with climate change need to consider these risks and resources. Study used the Kalman technique of analysis for empirical inference. This research focuses on the carbon risk in China by employing a Kalman estimation approach. Although environmental mitigation was found to be important at 39%, financial strength and carbon hazards were considerable at 34%. Moreover, the report demonstrates the relationship between climatic threats and environmental drift in China, at a rate of 17%, emphasizing the need to address climate change issues. A state’s fiscal health guarantees national economic security while pursuing green economic recovery initiatives. Researchers concluded that precise policy suggestions were needed to promote green economic development.

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“…According to this view, the government deficit is inadequate, since current residents must depend on future generations to bring in sufficient tax revenue to bring the deficit down. Institutional support and the quantity of international green funding through FinTech are crucial to the achievement of fiscal policy (Sadiq et al 2022a , 2022b ; Seghier et al 2020 ). According to neoclassical theory, business investment is more productive than public spending in the long run.…”

Section: Resultsmentioning

confidence: 99%

Impact of green finance and environmental protection on green economic recovery in South Asian economies: mediating role of FinTech

Zhang

2023

Econ Change Restruct

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Green finance and digital finance are cornerstones of sustainable growth. Given the significant investment and funding challenges that South Asia's new energy development faces, the potential role of digital finance in this situation is uncertain. Applying panel regression analysis and using a two-step generalized method of moments (GMM) to eliminate endogeneity, this study examines the connections between green finance, financial technology (FinTech), and high-quality economic development using data from three South Asian economies between 2000 and 2018. The study demonstrates that India, Bangladesh, and Pakistan use multiple green financing initiatives, resulting in a considerable decrease in commercial CO 2 across the review period, which extends environmental protection and confirms the green economic recovery. FinTech development also helps reduce CO 2 emissions, making a favorable contribution. Selected South Asian countries are on track to become world leaders in green finance strategy implementation, and authorities must speed up the development of green recovery and services and strengthen banking institutions' ability to provide green loans. FinTech and green finance, it turns out, have a significant impact on green economic development. The study also has policy implications for the associated stakeholders.

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Commodity dynamism in the COVID-19 crisis: Are gold, oil, and stock commodity prices, symmetrical?

Cited by 37 publications

References 52 publications

RETRACTED ARTICLE: Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach

RETRACTED ARTICLE: Impact of government governance and environmental taxes on sustainable energy transition in China: fresh evidence using a novel QARDL approach

RETRACTED ARTICLE: Financial stability influence on climate risk, GHG emission, and green economic recovery of China

Impact of green finance and environmental protection on green economic recovery in South Asian economies: mediating role of FinTech

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