Do energy security and environmental quality contribute to renewable energy? The role of trade openness and energy use in North African countries

Ibrahiem, Dalia M.; Hanafy, Shaimaa A.

doi:10.1016/j.renene.2021.07.019

Cited by 89 publications

(32 citation statements)

References 100 publications

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“…(3) to Eq. (5) follow the Pooled Mean Group Autoregressive Distributive Lag (PMG-ARDL) estimation technique taking insight from Ibrahiem and Hanafy (2021) , Ahmad et al. (2021b) , Sarkodie and Strezov (2019) ; Appiah et al.…”

Section: Methodsmentioning

confidence: 99%

“…Given the negative environmental impacts of fossil fuel based energy for economic development, renewable energy has been considered an alternative to those and a potential solution to limit sea-level rise or other climate change problems ( Irandoust, 2016 ; Gani, 2021 ). Degradation in environmental quality triggers a shift towards renewable energy and energy-efficient technology according to the study of Ibrahiem and Hanafy (2021) . The importance of the generation of renewable energy as a less carbon-emitting source is pointed to in a number of studies ( Khan et al., 2021 ; Ingleso-Lotz and Dogan, 2018 ; Asongu and Odhiambo, 2019 ; Destek and Aslan, 2017 ; Wang et al., 2020 ).…”

Section: Literature Reviewmentioning

confidence: 99%

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Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies

Sultana

Rahman

Khanam

et al. 2022

Heliyon

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Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies

Sultana

Rahman

Khanam

et al. 2022

Heliyon

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“…Marshall et al (2021) noted that nowadays, investors pay more attention to environmental concerns and support environmentally friendly projects. Several studies were devoted to exploring the drivers of renewable energy development (Cebula & Pimonenko, 2015;Tambovceva et al, 2020;Us et al, 2020;Ibrahiem and Hanafy, 2021;Pimonenko et al, 2020). Remarkably, Ibrahiem and Hanafy (2021) applied the Panel PMG ARDL and Granger causality methodology to confirm that foreign direct investments enhance renewable energy development in African countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Pimonenko

Tambovceva

Lyulyov

et al. 2022

SCEE

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This article addresses sustainable economic development under the green investing impact. The authors emphasize that a favorable investment climate attracts green and socially responsible investors contributing to green economic transformation. The research aimed to conduct a retrospective analysis of green transformation to determine the main driving forces and preconditions for sustainable economic growth. The relevance of the decision of the investigated scientific problem is that the green investments contribute to the harmonization of the three main pillars of sustainable development (society, economy, and environment) under the growing burden of climate change. The research object was the EU countries. The analysis covered data from 2014 to 2019 for empirical calculation and from 2000 to 2020 for bibliometric analysis. To achieve the research goal, the study involved the scope of bibliometric and econometric tools. The findings of bibliometric analysis allowed to determine the main driving forces of the economic growth and green investments considered in the literature. The obtained results empirically confirmed and theoretically proved that strengthening and developing sustainable economic performance significantly depends on the success of the green transformation under investments growth. The authors stated the necessity to further explore green investment markets on the national levels to improve the incentive mechanism for developing a green investment market.

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“…These results can be stemmed from the fact that FDIs that are directed toward research and development, promote modern technological methods that achieve sustainable development of CE. Technological innovation promotes an increase in energy supply through innovation of new sources of renewable energy and improvement of the efficiency of converting raw energy to required forms of end-use, so it reduces economic costs and negative environmental impacts (Samsul et al, 2020;Halliru et al, 2020;Ibrahiem and Hanafy, 2021). Sohag et al (2015) affirm the ability of technological innovation to transform countries that rely heavily on non-renewable energy sources to depend on renewable energy sources.…”

Section: Foreign Direct Investmentmentioning

confidence: 99%

“…Although studies that explore financial development-education nexus are scarce most scholars that explore this relationship confirm the importance of education/HC in the development of the financial system and they noted that education is considered crucial in the way that the better-educated population, the more access to information, the more saving behavior and the less-risk averse the investors will be and they can make initiatives and start their business (Outreville, 1999; Kendall, 2007; Sharma, 2016; Ibrahim and Sare, 2018; Ibrahim, 2018; Sethi et al , 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

Ibrahiem

Sameh

2021

IJESM

Self Cite

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Purpose Achieving the goals of the sustainable development strategy and Egypt’s vision 2030 depends mainly on the existence of sources of funds. And since Egypt faces a great challenge in obtaining finance, then analyzing the drivers of financial development is a vital issue and there is a persistent need to shed light on the key obstacles for it. Thus, this paper aims to empirically assess the impact of natural resources, foreign direct investment (FDI) net inflows, education and clean energy sources on financial development in Egypt using the data of the 1971–2014 period. Design/methodology/approach The paper uses auto-regressive distributed lag and Toda-Yamomoto approaches to fulfill the purpose. Findings Empirical results signify that all variables except natural endowments stimulate financial development which can suggest the presence of the natural resources curse in Egypt. Moreover, the feedback effect between financial development and FDI is recognized. Clean energy sources cause financial development and natural endowments. Financial development causes natural endowments and FDI leads to the deployment of more clean energy resources. Practical implications Several crucial policy implications are suggested based upon these results as improving the quality and quantity of education and encouraging both domestic and foreign investors by providing several incentives. Moreover, the government has to enhance green finance through financing solar energy projects and other environmentally friendly projects. Originality/value It is the first research for Egypt that explores natural resource-financial development nexus using time series analysis according to our information, and two important variables are included in the model which is clean energy sources and FDI. Then, although several studies examined the impact of financial development on clean energy no empirical study before assessed the impact of clean energy on financial development.

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Do energy security and environmental quality contribute to renewable energy? The role of trade openness and energy use in North African countries

Cited by 89 publications

References 100 publications

Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies

Environmental quality and its nexus with informal economy, corruption control, energy use, and socioeconomic aspects: the perspective of emerging economies

Green Investments as Drivers of Sustainable Economic Growth in the EU Countries: A Retrospective Analysis

Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

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