Economic growth, fiscal imbalance, and environmental sustainability: What is desirable and undesirable for developing economies?

Wei, Guo; Asghar, Nabila; Ahmad, İshtiaq; Yin, Wei; Abbas, Qaiser; Rahman, Saeed Ur; Farooq, Fatima

doi:10.1007/s11356-021-14379-3

Cited by 13 publications

(9 citation statements)

References 30 publications

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“…Many researchers have concentrated their attention on how economic growth might facilitate energy transitions, while mitigating the effects of global warming (Wu et al, 2021). In recent years, there has been a growing body of research in the field of economics that studies how expanding economies influence the consumption of both renewable and non-renewable forms of energy (Wei et al, 2021), (Chaudhry et al, 2021). In addition, it is becoming increasingly common practice in the fields of environmental policy, energy policy, and innovation policy to investigate the designs of complicated policy mixes.…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: Energy Transition, Sustainable Development Opportunities, and Carbon Emissions Mitigation: Is the Developed World Converging Toward SDGs-2030?

Lyu

Ali

Yin

et al. 2022

Front. Environ. Sci.

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The success of sustainable development heavily depends on successful energy transition toward renewable or carbon-free energy sources. This study attempted to analyze the impact of sustainable development and environmental initiatives on sustainable energy transition in selected OECD economies. For this purpose, the study generated the dataset of environment air and GHG emission, environmental-related technologies, development (gross domestic product, trade openness, and gross domestic spending on R&D) and sustainable environment (air and GHG emission and environmental-related technologies), and energy sources (renewable energy consumption, nonrenewable energy consumption, and sum of total energy consumption) of selected economies of OECD between 2000 and 2020. This study utilized dynamic panel GMM for regression analysis, and FMOLS and DOLS were applied as the robustness models. Empirical results indicated that sustainable development and a sustainable environment contribute positively to the energy transition process in OECD economies. However, these factors also negatively contribute to non-renewable energy consumption in OECD. Thus, the study’s outcomes confirmed the sustainable energy transition in OECD. Therefore, this study suggested that the success of Sustainable Development Goals depends on successful energy transition.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED: Energy Transition, Sustainable Development Opportunities, and Carbon Emissions Mitigation: Is the Developed World Converging Toward SDGs-2030?

Lyu

Ali

Yin

et al. 2022

Front. Environ. Sci.

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“…Higher oil prices reduce real wealth and consumer spending. It is expected that the overall welfare of the oil-importing countries will reduce by 20% due to oil prices [ 8 ]. [ 9 ] states that rising prices of energy sources such as fuel, gas and electricity harm the well-being of consumers.…”

Section: Introductionmentioning

confidence: 99%

The helix of CO2, household income, and oil pricing under the assumption of Keynesian consumption function: A policy-mix scenario of oil-importing South Asia for SDGs-2030

Chen

Farooq

et al. 2022

PLoS ONE

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The purpose of this study is to explore energy prices and their impact on household consumption under the condition of Keynesian consumption theory in South Asian countries over the 1995–2020 periods. By employing the panel ordinary least square model estimation technique, the study attempted to find the relationship between household income and consumption under the theory of Keynesian consumption function. Furthermore, we investigated the relationship between household consumption and environmental sustainability, policy mix variables, and energy pricing. First of all, this study confirms the existence of Keynesian consumption theory in these economies of South Asia. Furthermore, energy pricing, environmental sustainability, and inflation rate are the factors that inducing toward high household consumption in South Asia. Considering the policy mix factors, inflation rate contribution positively while tax rate inducing this consumer for low household consumption. Based on the empirical analysis, this study suggested some parameters to these Asian economies particularly and other similar economies generally.

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“…Work partially saves capital in times of crisis via adjustments in the allocation of compensation between work and capital, and as a result, capital is not hurt suddenly. Studies provide experimental support for this idea by demonstrating a propensity for job offers to decline sharply during a financial crisis, with recovery occurring only halfway through the following years (Wei et al, 2021). This is the degree at which economies or governments permit commerce with other countries in both imports and exports.…”

Section: Literature Reviewmentioning

confidence: 98%

Testing fiscal burden role on energy transition and economic recovery in South Asian economies

Guo

2022

Front. Environ. Sci.

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The aim of the study is to test the role of fiscal burden on energy transition and economic recovery. The major emphasis of this study, from this viewpoint, is on the repercussions of fiscal burden on energy transition through net GDP rate in eight different nations including the south Asia region, and to unlock the opportunities for economic recovery. In order to determine whether or not there were any effects of foreign fiscal burden on energy transition through net GDP rate in the data, the World Bank collected data for the period 2000–2018. The study conducted a GMM and quantile regression analysis to see if there were any effects of foreign fiscal burden on energy transition, and how it infers economic recovery. In spite of the facts that international fiscal burden has a considerable negative influence on economic recovery and energy transition. The robustness analysis validates these results, with influencing variables accounting for 39 percent and 31 percent, respectively, with the total external fiscal burden and external fiscal burden service of the total external fiscal burden. The findings of this research will be useful to government authorities in their attempts to design more efficient and effective economic strategies in the foreseeable future. Hence, study suggested the practical implications to reduce fiscal burden and accelerate economic recovery through energy transition.

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Economic growth, fiscal imbalance, and environmental sustainability: What is desirable and undesirable for developing economies?

Cited by 13 publications

References 30 publications

RETRACTED: Energy Transition, Sustainable Development Opportunities, and Carbon Emissions Mitigation: Is the Developed World Converging Toward SDGs-2030?

RETRACTED: Energy Transition, Sustainable Development Opportunities, and Carbon Emissions Mitigation: Is the Developed World Converging Toward SDGs-2030?

The helix of CO2, household income, and oil pricing under the assumption of Keynesian consumption function: A policy-mix scenario of oil-importing South Asia for SDGs-2030

Testing fiscal burden role on energy transition and economic recovery in South Asian economies

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