Economic Growth, Environment, FDI Inflows, and Financial Development in Middle East Countries: Fresh Evidence from Simultaneous Equation Models

Abdouli, Mohamed; Hammami, Sami

doi:10.1007/s13132-018-0546-9

Cited by 52 publications

(25 citation statements)

References 90 publications

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“…Therefore, our results conclude with the presence of the "pollution haven hypothesis" (PHH). The results are similar to existing findings of Abdouli and Hammami ( 2018 ); Gorus and Aslan ( 2019 ); Khan et al ( 2019 ); Naz et al ( 2019 ), and Sapkota and Bastola ( 2017 ); who narrated that FDI's to respective regions have further intensified the CO 2 e. However, the impact of renewable energy is helping to combat CO 2 e in Pakistan. The investments in clean and renewable energy sources help to eradicate the impurities in the environment; therefore, renewable energy mitigates CO 2 in the environment (Bekhet and Othman 2018 ; Dogan and Ozturk 2017 ; Bilgili et al 2016 ).…”

Section: Resultssupporting

confidence: 89%

The nexus of tourism, renewable energy, income, and environmental quality: an empirical analysis of Pakistan

Bano

Alam

Khan

et al. 2021

Environ Dev Sustain

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In the current study, we investigate the dynamic association of tourism, renewable energy, income, foreign direct investment (FDI), and carbon dioxide (CO 2 e) for Pakistan over 1990-2017. We established four plausible hypotheses and verified by employing the autoregressive distributed lags model and Granger causality based on vector error correction model (VECM). Considering the cointegration relationship between the variables, the outcomes of autoregressive distributed lags suggested that tourism increases economic growth, and economic growth induces tourism in the long-run, thus confirming tourismled development, and growth-led tourism hypothesis; similarly, the tourism generates CO 2 e emissions, which supported the tourism-led emission hypothesis. The role of renewable energy consumption found to be a significant moderator, thus helping to enrich tourism, accelerating economic growth, and combating CO 2 e in the country. VECM causal results indicated the significant bidirectional causal linkages between tourism and economic growth-another causality found between tourism and CO 2 e. There is one-way causality from FDI and renewable energy towards income simultaneously. Overall, the designers of policies will find this study useful for policymaking at government levels for smooth economic growth, investment, and sustainable tourism sector.

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Section: Resultssupporting

confidence: 89%

The nexus of tourism, renewable energy, income, and environmental quality: an empirical analysis of Pakistan

Bano

Alam

Khan

et al. 2021

Environ Dev Sustain

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“…Hence, sustainability in natural resource use is vital in emerging economies. There are some kinds of literature found similar findings like (Khan et al, 2018;Zhengge, 2008;Jalil and Feridun, 2011;Abdouli and Hammami, 2020;Ali et al, 2019) In contrast, an increase in human capital accumulation helps to reduce the material footprint significantly. More precisely, a 1% increase in the accumulation of human capital reduces the material footprint at a rate of -0.392%.…”

Section: Long-run Elasticity Of Panel Data Estimatesmentioning

confidence: 68%

“…Some studies also investigate the environmental Kuznets curve (EKC) hypothesis like (Zhao et al, 2016;Ozatac et al, 2017;Pata, 2018;Dogan & Turkekul, 2018;Lin & Zhu, 2018;Salim et al, 2018;Ansari et al 2019;Ansari et al 2020a). A recent study by Ansari et al (2020) (Beckerman, 1992;Zhengge, 2008;Jalil & Feridun, 2011;Khan et al, 2018;Ali et al, 2019;Lv & Xu 2019;Mahmood et al, 2020;Abdouli & Hammami, 2020). The studies found that the determinants like urbanization, renewable energy, and economic growth reduce environmental degradation (Martínez & Maruotti, 2011;Zhang et al 2015;Aye & Edoja, 2017;Sahoo and Sahoo, 2020a;Sahoo and Sahoo, 2020b).…”

Section: Renewable Energy Economic Growth and Environmental Qualitymentioning

confidence: 99%

Determinants of material footprint in BRICS countries: an empirical analysis

Sahoo

Saini

Villanthenkodath

2021

Environ Sci Pollut Res

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This paper explores the relationship between renewable energy consumption, urbanization, human capital, trade, natural resources, and material footprint for BRICS countries from 1990 to 2016. We apply the cross-sectional dependency test to check the correlation among the crosssection. Then, we use the second-generation panel test like CADF and CIPS to check the stationary in the series. After that, we go for the panel cointegration test, i.e., Pedroni and Westerlund panel cointegration, to know the long-run relationship of the variable. The test results reject the null hypothesis of no cointegration among the variables and accept cointegration. The long-run results indicate that economic growth, natural resources, renewable energy, and urbanization have reduced the environmental quality for BRICS countries in case of material footprint employed to measure environmental degradation. However, foreign trade, human capital improves environmental quality. Based on the empirical results, the study recommended some important policy suggestions to achieve sustainable development in BRICS countries.

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“…They have found that financial development, economic growth, and urbanization enhance environmental degradation in MENA regions. Few studies also discussed the determinants of environmental degradation with the macroeconomics variables like financial development, trade, economic growth are (Beckerman, 1992;Zhengge, 2008;Jalil & Feridun, 2011;Khan et al, 2018;Ali et al, 2019;Lv & Xu 2019;Mahmood et al, 2020;Abdouli & Hammami, 2020). The studies found that the determinants like urbanization, renewable energy, and economic growth reduce environmental degradation (Martínez & Maruotti, 2011;Zhang et al 2015;Aye & Edoja, 2017;Sahoo and Sahoo, 2020a;Sahoo and Sahoo, 2020b).…”

Section: Renewable Energy Economic Growth and Environmental Qualitymentioning

confidence: 99%

Determinants of Material Footprint in BRICS Countries: An Empirical Analysis

Sahoo

Saini

Villanthenkodath

2021

Preprint

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This paper explores the relationship between renewable energy consumption, urbanization, human capital, trade, natural resources, and material footprint for BRICS countries from 1990 to 2016. We apply the cross-sectional dependency test to check the correlation among the cross-section. Then, we use the second-generation panel test like CADF and CIPS to check the stationary in the series. After that, we go for the panel cointegration test, i.e., Pedroni and Westerlund panel cointegration, to know the long-run relationship of the variable. The test results reject the null hypothesis of no cointegration among the variables and accept cointegration. The long-run results indicate that economic growth, natural resources, renewable energy, and urbanization have reduced the environmental quality for BRICS countries in case of material footprint employed to measure environmental degradation. However, foreign trade, human capital improves environmental quality. Based on the empirical results, the study recommended some important policy suggestions to achieve sustainable development in BRICS countries.

show abstract

Economic Growth, Environment, FDI Inflows, and Financial Development in Middle East Countries: Fresh Evidence from Simultaneous Equation Models

Cited by 52 publications

References 90 publications

The nexus of tourism, renewable energy, income, and environmental quality: an empirical analysis of Pakistan

The nexus of tourism, renewable energy, income, and environmental quality: an empirical analysis of Pakistan

Determinants of material footprint in BRICS countries: an empirical analysis

Determinants of Material Footprint in BRICS Countries: An Empirical Analysis

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