How do clean energy sources and financial development affect unemployment? Empirical evidence from Egypt

Ibrahiem, Dalia M.; Sameh, Rasha

doi:10.1007/s11356-020-08696-2

Cited by 15 publications

(15 citation statements)

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“…Abubakar et al (2015) found that FD is associated positively with economic growth both directly and indirectly through HC in the economic community of West African States. Similarly, Sibel et al (2015) confirm the positive effect of HC on FD in Turkey and Ibrahim and Sare (2018) confirm the positive effect of HC on FD in Africa and they confirm the importance of HC in attaining a developed financial system. Similar results are noted by Shahbaz et al (2018), Zaidi et al (2019) and Guan et al (2020).…”

Section: Literature Reviewmentioning

confidence: 84%

“…Although studies that explore financial development-education nexus are scarce most scholars that explore this relationship confirm the importance of education/HC in the development of the financial system and they noted that education is considered crucial in the way that the better-educated population, the more access to information, the more saving behavior and the less-risk averse the investors will be and they can make initiatives and start their business (Outreville, 1999; Kendall, 2007; Sharma, 2016; Ibrahim and Sare, 2018; Ibrahim, 2018; Sethi et al , 2019).…”

Section: Literature Reviewmentioning

confidence: 99%

“…fndv is financial development measured by domestic credit to the private sector [percent of gross domestic product (GDP)] and several studies use this indicator, for example,Khan et al (2020b),Ibrahiem and Sameh (2020) andYıldırım et al (2020). ntrs is natural resource rents measured by total natural resources rents (percent of GDP) and this indicator is used by several scholars, for instance,Shahbaz et al (2018),Dwumfour and Ntow-Gyamfi (2018),Bekun et al (2019),Khan et al (2020b) andNathaniel et al (2020).fdinv is FDI, net inflows percent of GDP and it is used byHussain and Haque (2016) andSaglam (2017).…”

mentioning

confidence: 99%

“…(2020). clens is CE and measured by alternative and nuclear energy (percent of total energy use) as measured by Ibrahiem (2020),Ibrahiem and Sameh (2020) andDemir et al. (2020).…”

mentioning

confidence: 99%

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Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

Ibrahiem

Sameh

2021

IJESM

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Purpose Achieving the goals of the sustainable development strategy and Egypt’s vision 2030 depends mainly on the existence of sources of funds. And since Egypt faces a great challenge in obtaining finance, then analyzing the drivers of financial development is a vital issue and there is a persistent need to shed light on the key obstacles for it. Thus, this paper aims to empirically assess the impact of natural resources, foreign direct investment (FDI) net inflows, education and clean energy sources on financial development in Egypt using the data of the 1971–2014 period. Design/methodology/approach The paper uses auto-regressive distributed lag and Toda-Yamomoto approaches to fulfill the purpose. Findings Empirical results signify that all variables except natural endowments stimulate financial development which can suggest the presence of the natural resources curse in Egypt. Moreover, the feedback effect between financial development and FDI is recognized. Clean energy sources cause financial development and natural endowments. Financial development causes natural endowments and FDI leads to the deployment of more clean energy resources. Practical implications Several crucial policy implications are suggested based upon these results as improving the quality and quantity of education and encouraging both domestic and foreign investors by providing several incentives. Moreover, the government has to enhance green finance through financing solar energy projects and other environmentally friendly projects. Originality/value It is the first research for Egypt that explores natural resource-financial development nexus using time series analysis according to our information, and two important variables are included in the model which is clean energy sources and FDI. Then, although several studies examined the impact of financial development on clean energy no empirical study before assessed the impact of clean energy on financial development.

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Section: Literature Reviewmentioning

confidence: 84%

Section: Literature Reviewmentioning

confidence: 99%

mentioning

confidence: 99%

“…(2020). clens is CE and measured by alternative and nuclear energy (percent of total energy use) as measured by Ibrahiem (2020),Ibrahiem and Sameh (2020) andDemir et al. (2020).…”

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confidence: 99%

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Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

Ibrahiem

Sameh

2021

IJESM

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“…This article mainly reviews the indirect effects of industrial green development on employment structure. Clean energy creates jobs, increases employment opportunities for high-skilled workers (Ibrahiem and Sameh, 2020;Liu et al, 2022), and optimizes the employment structure (Zhang et al, 2017). Similarly, environmental regulation improves the work environment , reduces polluting production, controls pollution, and develops clean technologies (Li and Du, 2022) to optimize employment structure.…”

Section: Introductionmentioning

confidence: 99%

Study on the impact of industrial green development and technological innovation on employment structure

Hu²,

Zhao³

2023

Front. Earth Sci.

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Exploring the relationship between industrial green development, technological innovation, and employment structure, especially the impact between industrial green development and technological innovation on employment structure, is of enormous theoretical and practical importance to achieve high-quality employment as well as optimize the employment structure of China. Thirty Chinese provinces’ data from 2009 to 2019 is adopted to assess industrial green development levels. Considering the above, this research innovatively integrates industrial green development, technological innovation, and employment structure into an analytical framework, and empirically investigates the effects of the two factors and their interaction on employment structure by adopting a two-way fixed effects model. The specific conclusions are presented as follows. Firstly, China’s industrial green development levels exhibit a fluctuating and rising time-series evolutionary feature from 2009 to 2019 and have regional differences. Secondly, industrial green development, technological innovation, and their interaction are conducive to optimizing China’s employment structure. Thirdly, the eastern and northeastern areas’ employment structure optimization is boosted by industrial green development. However, the corresponding regression coefficients in the western and central areas are not significant. The northeastern, eastern, and western areas’ technological innovation encourages employment structure improvement. Instead, the employment structure is hampered by technological innovation in the central region. An interaction between industrial green evolution and technological innovation positively affects relevant employment structures in the four regions. Specific results of this research are of necessary theoretical significance and the realistic reference price for whether industrial green development and the interplay affect employment structure.

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Modelling natural gas, renewables-sourced electricity, and ICT trade on economic growth and environment: evidence from top natural gas producers in Africa

Esily

Chi

Ibrahiem

et al. 2023

Environ Sci Pollut Res

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Addressing extensive global goals including growing energy-sourced electricity and advancing sustainable development plans strongly depends on natural gas as a transition fuel to renewable forms of energy. Therefore, by using pooled, random, and fixed-effects models, the current study investigates the effects of electricity sourced from natural gas (ENG), renewable energy (RE), and trade in information and communication technologies (ICTs) on economic growth and carbon dioxide (CO 2 ) emissions in Africa's top three natural gas producers, Algeria, Egypt, and Nigeria, from 1990 to 2020. The findings indicate that CO 2 , ENG, ICT trade, and urbanization (UP) are all strongly and positively correlated to economic progress, with the exception of RE, which has an insignificant influence. For the environment, data indicate that RE and GDP degrade the environment while ENG and ICT trade boost it. The causality results that ENG and RE cause both economic growth and CO 2 emissions. Based on these empirical results, it is recommended that policymakers should step up their efforts to usage natural gas as a transition fuel to renewable energy sources and acknowledge the advantages of the significant contribution that green ICT trade can make to economic advancement and a clean environment.

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How do clean energy sources and financial development affect unemployment? Empirical evidence from Egypt

Cited by 15 publications

References 53 publications

Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

Financial development and natural resources nexus in Egypt: the role of clean energy sources and foreign direct investment

Study on the impact of industrial green development and technological innovation on employment structure

Modelling natural gas, renewables-sourced electricity, and ICT trade on economic growth and environment: evidence from top natural gas producers in Africa

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