Does governance quality moderate the finance-renewable energy-growth nexus? Evidence from five major regions in the world

Financial development and renewable energy consumption in Nigeria

“…Employing data from 15 top renewable energy consumption nations from 1997to 2017, Raza et al (2020) conclude that consumption of renewable energy is increased by financial development. Kassi et al (2020) studied the conditional role of governance quality on the dynamics between renewable energy use, financial development, and economic performance in 123 economies cutting across 5 continents from 1990 to 2017. The study performed both aggregated and disaggregated analyses and reported, among other things, that there exists a two-way causality between renewable energy use and financial development in Central Asia and Europe.…”

The mitigating effect of governance quality on the finance‐renewable energy‐growth nexus: Some international evidence

“…In most cases, they found that negative (positive) shocks in renewable energy consumption have no impact on growth in the Philippines, Singapore, Malaysia, and Indonesia (Malaysia, Thailand, and Singapore, respectively). Considering the findings of most previous studies (Al-mulali et al, 2013;Apergis & Payne, 2010;Apergis & Payne, 2012;Aydin, 2019;Kassi et al, 2020;Rafindadi & Ozturk, 2017), we suppose the following assumption:…”

“…In this study, the variables of financial depth are the domestic credit to the private sector (Kassi et al, 2019;King and Levine, 1993;Law and Singh, 2014), deposit money banks' assets to GDP (Ben Naceur et al, 2017;Gould, Melecky, & Panterov, 2016;Levine et al, 2000), broad money (Kyophilavong et al, 2016;Musamali, Nyamongo, & Moyi, 2014;Odhiambo, 2005), and liquid liabilities (Kassi, 2020;Kutan et al, 2017;Rousseau & Wachtel, 2011). Financial efficiency is captured by bank net interest margin (Ben Naceur et al, 2017;Gould et al, 2016;Kassi et al, 2020), whereas financial access is measured by the number of automatic teller machine per 100,000 adults (Čihák et al, 2013;Demirguc-Kunt & Klapper, 2012;Kassi, 2020). We used two alternative proxies for financial stability, that is, the ratio of the bank's nonperforming loans to gross loans and bank Z-score (Carbó-Valverde & Sánchez, 2013;Čihák et al, 2012;Kassi, 2020;World Bank, 2015).…”

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

“…– Opposite to popular belief, several research studies have shown no advantages to diversifying, raising questions about the common consensus about products’ rebalancing potentials. Evidence suggests that diversifying advantages for portfolio shareholders with portfolios including resources, equities, and bonds have diminished.” For a long time, gold’s actual research was dwarfed by those of other capital assets ( Kassi et al, 2020 ). In recent years, market players have paid special focus to gold, especially during the beginning of the global financial crisis (GFC) in 2007–2008.…”