Economic performance of India amidst high CO2 emissions

Udemba, Edmund Ntom; Güngör, Hasan; Bekun, Festus Vıctor; Kırıkkaleli, Derviş

doi:10.1016/j.spc.2020.10.024

Cited by 102 publications

(67 citation statements)

References 24 publications

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“…Thus, we utilized the AIC criteria proposed by Akaike (1987). As stated by Udemba et al (2021) and Zhang e al. (2021), the AIC is preferred for selection lag due to its superior characteristics.…”

Section: Methodsmentioning

confidence: 64%

“…The advantage of the wavelet coherence test is that it can capture both correlation/causality between series at different frequencies and time periods. This report expands/complements the discussion on the South Korean economy on the growth-energy and pollution nexus and expands on India's research by Udemba et al (2021). The research is inspired by the Sustainable Development Goals 8,12,and 13) and discusses specific energy use concerns (SDG-7) with a particular emphasis on green and sustainable use of energy (SDGs 7 and 12) to meet the 2020 Agenda.…”

Section: Introductionmentioning

confidence: 87%

“…Not only are the pollutants released into the environment but they also have connections to bodies of water and wetlands, which can damage or poison marine life (Kirikkaleli & Adebayo2021). The pollution of both water bodies and air has a detrimental impact on society by impacting the populace's living conditions, health, and nutrition (Zhang et al 2021;Udemba et al 2021).…”

Section: Introductionmentioning

confidence: 99%

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Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Environ Sci Pollut Res

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132

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Following the United Nations Sustainable Development Goals (UN-SDGs), which place emphasis on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8), this research intends to reexamine the relationship between urbanization, CO 2 emissions, gross capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using recent econometric techniques, based on data covering the period between 1965 and 2019. The present study utilized the autoregressive distributed lag (ARDL), dynamic ordinary least square (DOLS), and fully modified ordinary least squares (FMOLS) methods, while the gradual shift and wavelet coherence techniques are utilized to determine the direction of the causality. The ARDL bounds test reveals a long-run linkage between the variables of interest. Empirical evidence shows that CO 2 emissions trigger economic growth. Thus, based on increasing environmental awareness across the globe, it is necessary to change the energy mix in South Korea to renewables to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is supported by the causality analysis, which shows a one-way causality running from energy consumption to GDP in South Korea. This suggests that South Korea cannot embark on conservative energy policies, as such actions will damage economic progress. Additionally, a unidirectional causality is seen from CO 2 emissions and energy consumption to economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.

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Section: Methodsmentioning

confidence: 64%

Section: Introductionmentioning

confidence: 87%

Section: Introductionmentioning

confidence: 99%

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Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Environ Sci Pollut Res

Self Cite

132

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“…The current research is distinct from the existing studies because it accounts for other economic growth determinants such as energy usage, CO2 emissions, gross capital formation, and urbanization. This report expands/complements the discussion in the South Korean economy on the growth-energy and pollution nexus and expands on the research for India by Udemba et al (2021).…”

Section: Introductionmentioning

confidence: 62%

“…To minimize the awful situation confronting the whole globe, the menace of global warming has raised the amount of consciousness from all works of life. Several forums and organizations have been developed inline and via the United Nations (UN) system and the path to climate neutrality (Udemba et al 2021). Human actions on the surface of the planet are the sole contributor to global warming, resulting in environmental destruction due to global warming (Kirikaleli & Adebayo, 2020).…”

Section: Introductionmentioning

confidence: 99%

Can Co2 Emissions and Energy Consumption Determine the Economic Performance of South Korea? A Time-Series Analysis

Adebayo

Awosusi

Kırıkkaleli

et al. 2021

Preprint

Self Cite

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Following the United Nations Sustainable Development Goals (UN-SDGs) which emphases on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8). This research tends to re-examine the interaction between urbanization, CO2, capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using the recent econometric techniques and data stretching between 1965 and 2019. The present study utilized the Autoregressive distributed lag (ARDL), Dynamic Ordinary Least Square (DOLS), and Fully Modified Ordinary Least Squares (FMOLS) methods while for the causality direction the Gradual shift and Wavelet coherence method are utilized. The ARDL bounds test uncovers a long-run linkage between the variables of interest. Empirical evidence shows that emissions spur economic growth. Thus, there is also a necessity to change the energy mix in South Korea to renewables, based on increasing environmental awareness across the globe, to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is resonated by the causality analysis where energy consumption drives GDP one-way in South Korea. This suggests that South Korea cannot embark on energy conservative policies, as such actions will hurt economic progress. Additionally, unidirectional causality is seen between urbanization, trade opens, and economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.

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How does it pay to be circular in production processes? Eco‐innovativeness and green jobs as moderators of a cost‐efficiency advantage in European small and medium enterprises

et al. 2021

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This study investigates whether circularity in production processes generates a reduction of firms' production costs and the conditions that determine the intensity of this reduction. It explores the role of two moderators for this cost‐efficiency advantage to emerge, namely, eco‐innovativeness (investments dedicated to the adequate implementation of circular practices in current production processes) and green jobs (human resources dedicated to circular practices). Using data on 13,117 small and medium enterprises (SMEs) from the Flash Eurobarometer 2017, a cluster analysis revealed that there is a gradual path towards Circular Economy among European SMEs, with the implementation of increasingly more circular practices. Four ordered probit models confirmed that a higher level of circularity in processes achieved by European SMEs is related to a reduction in their production costs. Moreover, eco‐innovativeness positively moderates this relation. In contrast, the relative share of green jobs in SMEs' workforce mitigates the impact of circularity on production costs. In practice, by engaging in circularity, SMEs can contribute to the United Nations goals for Sustainable Development while reducing production costs; although the level of this reduction depends on how circularity is implemented.

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Economic performance of India amidst high CO2 emissions

Cited by 102 publications

References 24 publications

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Can CO2 emissions and energy consumption determine the economic performance of South Korea? A time series analysis

Can Co2 Emissions and Energy Consumption Determine the Economic Performance of South Korea? A Time-Series Analysis

How does it pay to be circular in production processes? Eco‐innovativeness and green jobs as moderators of a cost‐efficiency advantage in European small and medium enterprises

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