Impact of equity market development on renewable energy consumption: Do the role of FDI, trade openness and economic growth matter in Asian economies?

Tiwari, Aviral Kumar; Nasreen, Samia; Anwar, Muhammad

doi:10.1016/j.jclepro.2021.130244

Cited by 73 publications

(30 citation statements)

References 103 publications

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“…Similarly, country-level and regional data in the last halfcentury confirm the criticality of trade to sustainable growth (Tiwari et al, 2022;Wang and Zhang, 2021;Esteban et al, 2018). In light of the growing importance of trade, measures to actively facilitate it are gaining popularity.…”

Section: Introductionmentioning

confidence: 86%

Trade Facilitation and Agriculture Sector Performance in Sub-Saharan Africa: Insightful Policy Implications for Economic Sustainability

Ibrahim

Hassan

Ajide

et al. 2022

Front. Environ. Sci.

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This study investigates the impact of trade facilitation though costs, documents, and time to import and export—on agricultural sector performance (ASP) for a panel of 33 Sub-Saharan African (SSA) countries from 2005 to 2019. The empirical analysis is based on a dynamic system of generalized method of moments. The following findings are established. First, higher import costs, documents, and time significantly improve ASP, while exports negatively impact ASP. Second, while import costs promote trade in agricultural products through substitution effects, export costs impede it. Third, among other factors, improvements in human capital, gross fixed capital formation, population growth, and trade openness significantly improve agricultural sector performance. Fourth, the results of the robustness check further emphasize the importance of TF on ASP from various dimensions. The study concludes that improving TF procedures by reducing costs, documents, and time in cross-border trade remains crucial to boosting agriculture sector performance in SSA.

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Section: Introductionmentioning

confidence: 86%

Trade Facilitation and Agriculture Sector Performance in Sub-Saharan Africa: Insightful Policy Implications for Economic Sustainability

Ibrahim

Hassan

Ajide

et al. 2022

Front. Environ. Sci.

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“…Thus, trade is affected by a change in the prices of products. Wang and Zhang ( 2021 ); Wang and Wang ( 2021 ); Dauda et al ( 2021 ); Mutascu ( 2018 ); and Tiwari et al ( 2022 ) studies, among others, have examined nexus between trade openness and CO 2 emissions and with inclusive results. Dauda et al ( 2021 ) study investigated the potential effect of trade openness on CO 2 emissions using panel data from China, Japan, and South Korea covering 1970 to 2019.…”

Section: Literature Reviewmentioning

confidence: 99%

“…The findings indicated that regulatory quality on trade openness positively affects greenhouse gas emissions after signing a trade agreement. In the same vein, Tiwari et al ( 2022 ) utilized a panel dataset from 16 Asian economies covering 1990 to 2019 to investigate the equity market-renewable energy nexus. The novel technique of panel quantile regression proposed by Machado et al ( 2018 ) was employed as an estimator.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating factors affecting global environmental sustainability: evidence from nonlinear ARDL bounds test

Sowah

Kırıkkaleli

2022

Environ Sci Pollut Res

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The concept of environmental sustainability formed the basis of the Paris Agreement and the United Nations conference in Rio de Janeiro. Empirically, without environmental sustainability, everything else could fall apart or be aimless. This study investigates factors affecting global environmental sustainability spanning 1966Q1 to 2019Q4. However, there are many micro-/macroeconomic factors engendering the environment, and the absence of robust clarity on whether factors such as economic growth, urbanization, trade openness, and energy consumption matter for global environmental sustainability remains a global academic dilemma in the economics literature. This paper utilized the unrestricted nonlinear autoregressive distributed lag (NARDL) bounds test techniques to model their relationship. Furthermore, the study adopted fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS), and canonical cointegrating regression (CCR) methods to test the research hypothesis, catering to the problem of endogeneity and serial correlation. Up-to-date of this study, no empirical study has examined the nexus of these variables within the global framework. The outcomes suggested that (i) NARDL bounds test of cointegration confirmed evidence of long-run and short-run relationships among the variables; (ii) long-run asymmetric relationship was affirmed among the variables; and (iii) DOLS, FMOLS, and CCR models demonstrate that economic growth, energy consumption, and trade openness are positively significantly correlated with environmental sustainability except for economic growth which shows negative and insignificant correlation. These findings validate the protracted argument in literature that these estimated variables are significant for global environmental sustainability. This study recommends that environmental policymakers integrate global economic incentives with favorable regulatory changes for achieving the goals of a global sustainable environment in the long-run equilibrium.

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“…The study also found a major negative correlation between CO2 emissions and GDP in the long run and a positive relationship in the short run that enables the degradation of ecological sustainability as a result of long-term economic expansion. Tiwari et al (2022) investigated the influence of stock market development on renewable energy use by endogenizing foreign direct investment (FDI), trade openness, and productivity expansion using a panel dataset of 16 Asian nations from 1990 to 2019. Surprisingly, the empirical results demonstrated the negligible influence of stock markets on Asian renewable energy use.…”

Section: Literature Reviewmentioning

confidence: 99%

“…In other words, the environmental implications, whether positive or negative, are potentially greater for states that hold more important positions in the global FDI network, as well as for nations with comparatively higher levels of inbound FDI. Several contemporary studies have found that FDI increases CO2 emissions (Jorgenson et al, 2022;Mohsin et al, 2022;Tiwari, Nasreen, & Anwar, 2022), whereas others (Danish, 2019;Murshed, 2020) have claimed that ICT reduces CO2 emissions. Tsaurai and Chimbo (2019) stated that financial development causes an increase in CO2 pollution in the environment.…”

Section: Introductionmentioning

confidence: 99%

The Nexus between Foreign Direct Investment, Open Commerce, ICT Taxation and Climate Change in a Developing Country

Omodero

Iyoha²

2022

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The study explores the relationship between foreign direct investment (FDI), information and communication technology (ICT) taxes, open commerce, and CO2 pollutants in Nigeria from 2010 to 2020 using Pearson Product Moment Correlation (PPMC). CO2 emissions figures are collected in Million Tonnes from the World Data Atlas. Data on ICT taxes and FDI are gathered from the Federal Inland Revenue Service and the OECD database respectively. Trade openness data are obtained from the World Economic Indicators. The findings show that FDI has a very strong negative link with CO2 emissions in Nigeria. Similarly, there is a clear negative association between ICT taxes and FDI. However, there is a significant positive correlation between ICT taxes and CO2 emissions. Open trade has an intangible negative relationship with CO2 and an intangible positive relationship with FDI and ICT taxes. Based on the findings, the study provides recommendations to strengthen government policies in the respective areas of concern.

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Impact of equity market development on renewable energy consumption: Do the role of FDI, trade openness and economic growth matter in Asian economies?

Cited by 73 publications

References 103 publications

Trade Facilitation and Agriculture Sector Performance in Sub-Saharan Africa: Insightful Policy Implications for Economic Sustainability

Trade Facilitation and Agriculture Sector Performance in Sub-Saharan Africa: Insightful Policy Implications for Economic Sustainability

Investigating factors affecting global environmental sustainability: evidence from nonlinear ARDL bounds test

The Nexus between Foreign Direct Investment, Open Commerce, ICT Taxation and Climate Change in a Developing Country

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