Energy consumption, environmental degradation, economic growth and financial development in globe: Dynamic simultaneous equations panel analysis

Khan, Sher; Peng, Zhuangzhuang; Li, Yongdong

doi:10.1016/j.egyr.2019.08.004

Cited by 99 publications

(58 citation statements)

References 71 publications

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“…Al-Mulali and Sab [31] used the panel data of 19 countries over the period of 1980-2008 by Pedroni (Engle-Granger based) cointegration tests and panel granger causality found that energy consumption enables these countries to achieve high economic and financial development. What is more, compared with the aforementioned approaches, Khan et al [7] applied seemingly unrelated regression (SUR), three stage least squares regression (3SLS), and two-step system generalized method of moments approach (2S-GMM) and found similar conclusions. Secondly, economic growth acts as an intermediary, driving financial development to influence energy consumption.…”

Section: Energy Consumption Financial Development and Economic Growthmentioning

confidence: 89%

“…Diallo and Al-Titi [21] and Wang et al [22] concluded that financial development had an important impact on economic growth, while Sassi and Gasmi [23], Ouyang and Li [24], and Liu and Zhang [25] found a negative influence of financial development on economic growth. Additionally, Khan et al [7] and Al-Mulali and Sab [31] found that energy consumption enables these countries to achieve high economic and financial development. This paper empirically studies the impact of energy consumption and financial development on economic growth based on the data of 30 provinces in China from 2007 to 2017.…”

Section: Summary Of the Aforementioned Literaturementioning

confidence: 99%

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Spatial Effects and Nonlinear Analysis of Energy Consumption, Financial Development, and Economic Growth in China

Zhou

Yuan

et al. 2020

Energies

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Energy consumption is of great significance to the sustainable development of the economy. Due to the spatial heterogeneity of low-carbon growth in regional economies, the relationship between energy consumption and economic growth is complicated. However, a few researches have been published about spatial spillover effects and non-linearity of energy consumption and financial development on regional economic growth in China. Based on the panel data of 30 provinces in China from 2007 to 2017, this paper analyzes the spatial spillover effects and threshold effects of energy consumption and financial development on regional economic growth by using spatial and nonlinear econometric methods. The main conclusions are as follows. Spatial econometric methods show that financial development and energy consumption are two factors of production input to promote China’s economic growth. Meanwhile, energy consumption and financial development have spillover effects on regional economic growth. Additionally, the nonlinear econometric method finds that with increasing financial development, the impact of energy consumption on economic growth is segmented. Therefore, relevant policies should be implemented to enhance the role of finance in energy consumption to promote low-carbon growth of China’s economy.

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Section: Energy Consumption Financial Development and Economic Growthmentioning

confidence: 89%

Section: Summary Of the Aforementioned Literaturementioning

confidence: 99%

Spatial Effects and Nonlinear Analysis of Energy Consumption, Financial Development, and Economic Growth in China

Zhou

Yuan

et al. 2020

Energies

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show abstract

“…Instead of ordinary least squares and instrumental variables approach, we are using the system GMM estimators proposed by Arellano & Bover (1995) and Blundell & Bond (1998). We are also using static, difference GMM for comparison purpose but it not produce significant results, thus System estimator provide efficient results and can be strongly rely upon on the results validity Khan et al (2019). The GMM models can be estimated through the following equation.…”

Section: Main Modelsmentioning

confidence: 99%

Working Capital Management and Firms’ Profitability: Dynamic Panel Data Analysis of Manufactured Firms

Kafeel¹,

Ali²,

Din³

et al. 2020

JFRM

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“…Many researchers have tried to examine the determinants of economic growth (Cheng and Feng, 2000;Barro, 1999;Bayraktar, 2006;Asheghian, 2009;Checherita-Westphal et al, 2012;Chan and Mendy;2012) and how they affect it (positively or negatively). Traditionally, researchers focus on macroeconomics determinants like trade openness, foreign direct investments, government expenditures, inflation, direct saving, direct investment, real exchange rate, human capital, etc (Fischer, 1992;Anyanwu, 2014;Dollar, 1992;Radelet et al,2001;Fetchi-Vehapi et al,2015).…”

Section: Introductionmentioning

confidence: 99%

“…Besides, several studies have examined the relationship between gross capital formation and the results are mixed. There are studies that reveal a positive relationship between these variables (Noor Siddiqi, 2010;Bal, Dash and Subhasish, 2016;Khan et al, 2019;Awodumi and Adewuyi, 2020) while Muhammad and Khan (2019) find that gross capital formation has a negative and statistically significant impact on economic growth. Moreover, the size of the government expenditure is also a positive key factor for economic growth (Baldacci et al, 2009;Yasin, 2011;Nwaka and Onifade, 2015).…”

Section: Introductionmentioning

confidence: 99%

Good Governance and Economic Growth in South European Countries

Mitsi¹

2021

RES

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Economic growth is a prerequisite for economic development. However, there is no “recipe” for countries to create an environment of prosperity and to achieve high rates of economic growth. Many researchers have examined the drivers of economic growth and find that economic growth depends on many economic and institutional variables. In this context, the main objective of this paper is to examine the role of good governance on economic growth in piicgs countries (Portugal, Ireland, Italy, Cyprus, Greece, and Spain). The database was collected from many sources and the empirical analysis is based on a 2SLS (two-stage least squares) technique. In our empirical results, we find that trade openness, gross capital formation, inflation, political stability, rule of law, debt rule, budget balanced rule, and the combination between debt rule/budget balanced rule with political stability and combination between debt rule/budget balanced rule with rule of law are significant drivers of economic growth in piicgs countries while foreign direct investments, government effectiveness, voice and accountability, regulatory quality, fiscal rule index and expenditure rule are insignificant. However, the results may be different if we use other sample groups and/or different periods.

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Energy consumption, environmental degradation, economic growth and financial development in globe: Dynamic simultaneous equations panel analysis

Cited by 99 publications

References 71 publications

Spatial Effects and Nonlinear Analysis of Energy Consumption, Financial Development, and Economic Growth in China

Spatial Effects and Nonlinear Analysis of Energy Consumption, Financial Development, and Economic Growth in China

Working Capital Management and Firms’ Profitability: Dynamic Panel Data Analysis of Manufactured Firms

Good Governance and Economic Growth in South European Countries

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