Consumption of liquefied petroleum gas and the EKC hypothesis in South Asia: evidence from cross-sectionally dependent heterogeneous panel data with structural breaks

Murshed, Muntasir; Ali, Syed Rashid; Banerjee, Suvajit

doi:10.1007/s40974-020-00185-z

Cited by 85 publications

(46 citation statements)

References 99 publications

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“…Besides, Abdouli and Hammami ( 2017 ) concluded in favor of a positive correlation between FDI inflows and CO 2 emissions for Kuwait, Marico, and Qatar. Recently, Murshed ( 2021d ) concluded that FDI inflows deteriorate environmental quality within six South Asian economies including Bangladesh. The results showed that higher volumes of FDI enhanced the volumes of CO 2 , methane, nitrous oxide, and aggregate greenhouse gas emissions.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, countries, and in particular the developing ones, have traditionally relied on the indigenous primary fossil fuel supplies for electricity-generation purposes. Besides, these nations have also been overwhelmingly dependent on imported fossil fuels for generating electricity (Murshed et al, 2020a ; Murshed & Tanha, 2020 ). As a result, such fossil fuel dependency has led to the surge in global gas emissions which, in turn, has gone on to aggravate the global environmental quality as well (Covert et al, 2016 ).…”

Section: Introductionmentioning

confidence: 99%

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Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

Murshed

Elheddad

Ahmed

et al. 2021

Asia-Pac Financ Markets

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102

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Phasing out fossil fuel dependency to adopt renewable energy technologies is pertinent for both ensuring energy security and for safeguarding the well-being of the environment. However, financial constraints often restrict the developing countries, in particular, from undergoing the renewable energy transition that is necessary for easing the environmental hardships. Against this background, this study makes a novel attempt to evaluate the impacts of FDI inflows on enhancing renewable energy use and attaining environmental sustainability in Bangladesh between 1972 and 2015. Using the autoregressive distributed lags with structural break approach to estimate the short- and long-run elasticities, it is found that FDI inflows enhance the share of renewable electricity output in the total electricity output levels of the country. Besides, FDI inflows are also evidenced to directly hamper environmental quality by boosting the ecological footprints figures of Bangladesh. Hence, it can be said that FDI promotes renewable electricity generation in Bangladesh but transforms the nation into a pollution haven. However, although FDI inflows cannot directly reduce the ecological footprints, a joint ecological footprint mitigation impact of FDI inflows and renewable electricity generation is evidenced. Besides, the findings also verify the authenticity of the Environmental Kuznets Curve hypothesis in Bangladesh’s context. Therefore, economic growth can be referred to as being both the cause and the panacea to the environmental problems faced by Bangladesh. These results, in a nutshell, calls for effective measures to be undertaken for attracting the relatively cleaner FDI in Bangladesh whereby the objectives of renewable energy transition and environmental sustainability can be achieved in tandem. In line with these findings, several appropriate financial globalization policies are recommended.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

Murshed

Elheddad

Ahmed

et al. 2021

Asia-Pac Financ Markets

Self Cite

102

View full text Add to dashboard Cite

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“…Many studies link the Ecological Footprint with renewable and non-renewable energy consumption (Alola et al 2019a), liquefied petroleum gas (Murshed, 2020), export diversification (Liu et al 2018), Tourism Development (Katircioglu et al 2018), urbanization (Yılmaz, F., 2020), financial development (Baloch et al, 2019), Economic Growth (Uddin et al 2017), tourism income (Ozturk et al 2016), trade liberalization (Charfeddine, 2017), globalization (Figge et al 2017), real income (Uddin et al 2017) and Fertility rate (Alola et al 2019). Even, Ecological Footprint has become the most commonly used measure of sustainability in the world in recent years, (Binningsbø et al 2007).…”

Section: Source: Author's Constructionmentioning

confidence: 99%

Analyzing the Relationship Between Greenhouse Gas Emission and Economic Growth in Eu Economies

Cavaliere¹,

Saeed²,

Khattak³

et al. 2021

cibg

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It is the consensus among many econometrician and environmental economists that Greenhouse gases like CO 2 , CH 4 , N 2 O, and O 3 are the major source of environmental degradation around the globe. EU economies are also suffering from this problem as other economies of the world. The prime objective of this paper is to analyze and gauge the environmental degradation due to economic activities in EU economies. The time series data (1961 to 2017) of economic growth (GDP per capita) has collected from world development indicator and the data of ecological footprint of consumption per capita is collected from Global Footprint Network. The results of Johansson Co-integration and Vector Error Correction model confirms the long run and short run association between both the variables. The economic activities are the main reasons of environmental degradation in the EU economies. EU economies should adopts such policies which reduces the greenhouse gas emissions.

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“…The presence of CD issues in the dataset is likely to be translated into misspecification problems resulting in biased regression outputs [46]. Similarly, the slope heterogeneity issues are also likely to generate similar problems as well [41].…”

Section: Panel Regression Analysismentioning

confidence: 99%

“…Following Murshed et al [46], causality analyses were performed to understand the pairwise causal dynamics between the variables of concern. The newly developed Dumitrescu-Hurlin panel causality estimation technique developed by Dumitrescu and Hurlin [52] was applied in this study.…”

Section: Panel Causality Analysismentioning

confidence: 99%

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

et al. 2020

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This paper aims to evaluate the overarching relationships between International Inbound Tourism Demand (IITD), regional trade integration and Renewable Energy Transition (RET) in the context of selected South Asian economies between 1990 and 2016. The results from the panel data econometric analyses, accounting for cross-sectional dependency and slope heterogeneity issues, showed that higher degrees of intra-regional trade between the South Asian economies exert positive impacts on the IITD in South Asia. Similarly, undergoing a RET was found to stimulate the IITD further. Besides, the joint favorable impacts of regional trade integration and RET on South Asia’s IITD were also ascertained. Therefore, these findings impose key policy implications concerning the pertinence of strengthening regional trade cooperation between the South Asian neighbors and boosting renewable energy consumption for enhancing the IITD further.

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Consumption of liquefied petroleum gas and the EKC hypothesis in South Asia: evidence from cross-sectionally dependent heterogeneous panel data with structural breaks

Cited by 85 publications

References 99 publications

Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

Foreign Direct Investments, Renewable Electricity Output, and Ecological Footprints: Do Financial Globalization Facilitate Renewable Energy Transition and Environmental Welfare in Bangladesh?

Analyzing the Relationship Between Greenhouse Gas Emission and Economic Growth in Eu Economies

Calibrating the Impacts of Regional Trade Integration and Renewable Energy Transition on the Sustainability of International Inbound Tourism Demand in South Asia

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