How do remittances to the Philippines affect its environmental sustainability? Evidence based on the augmented <scp>ARDL</scp> approach

Karasoy, Alper

doi:10.1111/1477-8947.12218

Cited by 21 publications

(11 citation statements)

References 46 publications

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“…Regarding the model without asymmetry (Table 7 Panel A), the estimated coefficients indicate that remittances have a positive effect on carbon emissions. Specifically, we find a positive and statistically significant effect of remittances flow on carbon emissions, and this is consistent with the findings of Rahman et al (2019), Kibira (2022) and Karasoy (2021). The long-run results reveal that 1% increase in remittances will lead to an increase in carbon emissions by 0.018%, holding other factors constant.…”

Section: Empirical Findings and Discussionsupporting

confidence: 90%

“…Again, Mahalik et al (2021) used the ARDL method from 1978 to 2014 and found that remittances induce carbon emissions in India. Also, Karasoy (2021) established that remittance inflows increase carbon emissions, and hence, pose a threat to environmental sustainability in the Philippines. Furthermore, Kibria(2022) relied on data from 1980 to 2016 and used the NARDL method for Bangladesh to reveal that positive shocks in remittances accelerate carbon emissions while negative shocks in remittances lower carbon emissions in the long term.…”

Section: Literature Reviewmentioning

confidence: 99%

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Asymmetric effect of remittances and financial development on carbon emissions in sub-Saharan Africa: an application of panel NARDL approach

Mensah

Abdul-Mumuni

2022

IJESM

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Purpose While several existing panel studies have focused on the linear specifications of the effect of remittances and financial development on carbon emissions, nonlinear panel studies on this subject remain thin on the ground. The purpose of this paper is to examine the asymmetric effect of remittances and financial development on carbon emissions in 31 selected sub-Saharan African countries for the period spanning from 1996 to 2018. Design/methodology/approach The Kao, Pedroni and Johansen–Fisher co-integration tests were conducted to ascertain a long-run relationship among the studied variables, whereas the nonlinear panel autoregressive distributed lag approach was applied to account for asymmetries. Findings The study revealed, among other things, that remittances and financial development asymmetrically influence carbon emissions in the selected panel of sub-Saharan African countries. In the long run, the positive shock in remittances on carbon emissions is greater than in the negative shock in remittances. Additionally, both positive and negative shocks in financial development mitigate carbon emissions. Research limitations/implications The implications of this study include the need to provide tax incentives to remitters and encourage them to invest in clean technologies so as to maintain sustainable development and low carbon emissions in the environment. There is also the need for governments and policymakers to formulate policies aimed at improving the functioning of the financial sectors in sub-Saharan Africa. Originality/value The positive and negative shocks of remittances and financial development on carbon emissions are examined to ascertain their asymmetric relationships.

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Section: Empirical Findings and Discussionsupporting

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

Asymmetric effect of remittances and financial development on carbon emissions in sub-Saharan Africa: an application of panel NARDL approach

Mensah

Abdul-Mumuni

2022

IJESM

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“…However, according to (McNown et al, 2018), the assumption of the dependent variable being I (1) needed to tackle the second problem, while the simultaneous significance of the t ‐and F ‐tests can solve the first problem. Thus, in the second case, it is possible to argue that the low power property of unit root tests leads to providing an incomplete co‐integration picture from the analysis (Goh et al, 2017; Karasoy, 2021).…”

Section: Methodsmentioning

confidence: 99%

The nexus between eco‐friendly technology and environmental degradation in India: Does the N or inverted N‐shape load capacity curve(LCC) hypothesis hold?

Huang

Villanthenkodath

Haseeb

2023

Natural Resources Forum

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This study aims to investigate the impact of eco‐friendly technology on environmental degradation indicated using the load capacity factor (LCF) with the framework of the Load Capacity Curve (LCC) hypothesis. In this regard, an environmental degradation function is formed and analyzed using the Augmented Autoregressive Distributed Lag (AARDL) approach during the period spanning from 1975 to 2021 for India. The outcome indicates that eco‐friendly technology reduces the LCF, thereby fostering environmental degradation in the long run, but the relationship is not significant in the short run. Further, an N‐shaped LCC hypothesis has been observed in both long and short runs. Besides, energy consumption exhibits a LCF reducing or environmental degradation boosting role in the short run and long run. These findings are consistent with other models that are used to check the robustness of AARDL‐based results. Thus, the study recommends policies for promoting eco‐friendly technology, judicious economic growth, and cautious energy consumption to attain sustainable development by increasing the LCF in India.

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“…The authors justify terrorism's contribution to environmental degradation to its increased energy consumption for armaments, machinery (including those that were used in the production of tanks, ammunition, and weapons), as well as cooking and heating. Another study that examined the Philippines was a study by Karasoy (2021) in which they studied how remittances intensified carbon emissions in the Philippines from the period 1977 to 2016 and found that remittances directly contribute to the increase in carbon emissions in the long run while indirectly through oil consumption and income. Included in this study was the estimation of the impact of FDI on the Philippines' environmental degradation.…”

Section: Still Inmentioning

confidence: 99%

Economic Growth at the Expense of Environmental Degradation: Evidence from the Philippines

Robles

Leon

Manapat

2021

JEFAS

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This study presents an empirical analysis of the impacts of three macroeconomic variables namely, Gross Domestic Product, Foreign Direct Investment, and Urban Population on the emissions of CO2 in the Philippines from the period of 1970 to 2018. The results reveal that Gross Domestic Product and Foreign Direct Investments exhibit a statistically significant relationship with CO2 emissions. The findings of this study suggest that the Philippines’ reliance on high-polluting industries as drivers of economic growth will only worsen its environmental quality. Moreover, its weak environmental laws provide foreign investors the opportunity to exploit the environment in exchange for FDI inflows to the country. Furthermore, the results of this study support the scale effect in the Environmental Kuznets Curve hypothesis, as well as the Pollution Haven Hypothesis.

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How do remittances to the Philippines affect its environmental sustainability? Evidence based on the augmented ARDL approach

Abstract: Remittances to the Philippines constitute a prominent part of its economy. However, remittances' effects on its environment have not been researched. In this regard, this research examines the direct and indirect impacts of remittance inflows on the Philippines' environmental sustainabil-

Cited by 21 publications

References 46 publications

Asymmetric effect of remittances and financial development on carbon emissions in sub-Saharan Africa: an application of panel NARDL approach

Asymmetric effect of remittances and financial development on carbon emissions in sub-Saharan Africa: an application of panel NARDL approach

The nexus between eco‐friendly technology and environmental degradation in India: Does the N or inverted N‐shape load capacity curve(LCC) hypothesis hold?

Economic Growth at the Expense of Environmental Degradation: Evidence from the Philippines

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