Impact of FDI, crude oil price and economic growth on CO2 emission in India: - symmetric and asymmetric analysis through ARDL and non -linear ARDL approach

Sreenu, Nenavath

doi:10.1007/s11356-022-19597-x

Cited by 33 publications

(17 citation statements)

References 49 publications

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“…From the results, it is evident that, there exist an asymmetric relationship between FDI, economic growth, energy consumption and carbon emission in the Sub-Saharan region. These findings on the interconnectedness of the variables according to the data gathered, are similar to early research done by Odugbesan & Adebayo (2020); Sreenu (2022) and Ghazouani (2021), whose work highlights on the asymmetrical relations that exist between the variables under study in developing countries. Based on the findings of this study we produce the following diagram to explain the interconnectedness of the research variables in SSA for the period of study.…”

Section: Resultssupporting

confidence: 86%

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

Boohene

Darkwah

2023

Aswan University Journal of Environmental Studies

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This study examines how economic growth, carbon dioxide (CO 2 ) emissions, foreign direct investment (FDI), and energy consumption relate to each other in Sub-Saharan African (SSA) region by employing the quantile regression model to guesstimate the point coefficients of the explanatory variables on the response variables for a range of quantiles from 0.01 to 0.99. The researchers make use of data from 17 SSA countries, with the years ranging from 1975 to 2018. The study reveals a dynamic result for the estimated regression parameters of the quantile regression models for all the respective explanatory variables at varied quantiles. The effect of FDI inflow on economic growth is statistically significant at quantiles 0.1, 0.4 to 0.8 but not statistically significant at quantiles 0.2, 0.3, and 0.9 at 1% and 5% significance levels. Also, the effects of energy consumption on economic growth and the effect of CO 2 emissions on economic growth are statistically significant at quantiles of 0.1, 0.2, and 0.7 at 1% and 5% significance levels. Furthermore, the result established that the coefficients for FDI inflow, energy consumption, and CO 2 emissions are positive across all the specified quantiles except for quantile 0.1 for FDI inflow, which is negative. Evidently, there exists an asymmetric relationship between economic growth and its explanatory variables (FDI inflow, energy consumption, and CO 2 emissions) at diverse quantile levels in its restrictive distribution. The study recommends that governments in the various regions should authorize the environmental agencies to act within the power given to them by the constitution. Also, less polluting foreign production techniques such as greener energy should also be sought after.

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Section: Resultssupporting

confidence: 86%

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

Boohene

Darkwah

2023

Aswan University Journal of Environmental Studies

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“…This conclusion is based on the correlation between oil price and energy use, mostly electricity use. 73 , 74 It is fascinating to note that the correlation for long-run frequencies turns negative, with the correlation at approximately 0.50, as shown by the cold color. During the second wave of the COVID-19 pandemic, several lockdown measures were implemented in the USA that restricted travel, which lead to a reduction in energy consumption, especially those produced by the industrial sector emitting fossil fuel sources, such as coal and oil.…”

Section: Empirical Results and Discussionmentioning

confidence: 98%

Effect of green bonds, oil prices, and COVID-19 on industrial CO₂ emissions in the USA: Evidence from novel wavelet local multiple correlation approach

Adebayo

Kartal

2023

Energy & Environment

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This study explores the effect of green bonds, oil prices, and the coronavirus disease 2019 (COVID-19) pandemic on industrial carbon dioxide (CO2) emissions. In this context, this study examines the United States of America (USA), which is the biggest economy in the world, uses weekly data between March 6, 2020 and September 30, 2022, and applies a novel wavelet local multiple correlation (WLMC) approach under time-varying and frequency-varying perspective. The novel empirical findings shows that (i) there is a strong negative (positive) co-movement between industrial CO2 emissions and green bonds in the short-run (long-run); (ii) there is a strong positive (negative) co-movement between industrial CO2 emissions and oil price in the medium-run (long-run); (iii) there is a strong negative (positive) co-movement between industrial CO2 emissions and the COVID-19 pandemic in the medium-run (long-run); (iv) the oil price is the dominant factor, whereas there are changing effect of the variables on each other at different times and frequencies; and (vi) overall, there are long-run asymmetric and dynamic correlations between industrial CO2 emissions and variables. Hence, the empirical results highlight the asymmetric, time-varying, and frequency-varying effects of green bonds, oil prices, and the COVID-19 pandemic on industrial CO2 emissions by presenting fresh and novel evidence. Moreover, the study proposes policy implications for the USA government.

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“…However, insurance coverage in India is still in its initial stages, and the evidence exposed is inadequate. The green credit facilities mainly discuss the green payment and loans of SMEs [ 22 ]. They are computed by utilising the sum of green credit of registered firms classified by the sum of credit of listed firms.…”

Section: Methodsmentioning

confidence: 99%

“…It is also noted that Foreign direct investment positively affects the economy [ 21 ]. Studies suggest that Economic development should be studied in a detailed manner considering various impact factors of high-quality economic growth, with each indicator hand-picked and assessedindividually, which would provide us with a much more thorough understanding [ 22 ]. Some financial technologycompanies are dynamically integrating a green financial system with the objectives of adopting technology to decrease CO2 emissions and encourage effective resource use.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of green finance and fintech on sustainable economic growth: Empirical evidence from India

Sreenu

Mishra

2023

Heliyon

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Impact of FDI, crude oil price and economic growth on CO2 emission in India: - symmetric and asymmetric analysis through ARDL and non -linear ARDL approach

Cited by 33 publications

References 49 publications

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

Effect of green bonds, oil prices, and COVID-19 on industrial CO₂ emissions in the USA: Evidence from novel wavelet local multiple correlation approach

Impact of green finance and fintech on sustainable economic growth: Empirical evidence from India

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Impact of FDI, crude oil price and economic growth on CO2 emission in India: - symmetric and asymmetric analysis through ARDL and non -linear ARDL approach

Cited by 33 publications

References 49 publications

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

The Interconnection of Economic Growth, Carbon Dioxide Emission, Foreign Direct Investment and Energy Consumption: Evidence from Sub-Saharan Africa

Effect of green bonds, oil prices, and COVID-19 on industrial CO2 emissions in the USA: Evidence from novel wavelet local multiple correlation approach

Impact of green finance and fintech on sustainable economic growth: Empirical evidence from India

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Effect of green bonds, oil prices, and COVID-19 on industrial CO₂ emissions in the USA: Evidence from novel wavelet local multiple correlation approach