Is global renewable energy development a curse or blessing for economic growth? Evidence from China

Zhao, Qian; Su, Chi-Wei; Qin, Meng; Umar, Muhammad

doi:10.1016/j.energy.2023.129403

Cited by 16 publications

(1 citation statement)

References 45 publications

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“…In the face of swift industrialization, China faces formidable environmental obstacles, necessitating an urgent reevaluation of its growth strategies. In response, the Chinese government has unveiled an ambitious agenda focused on embracing renewable energy sources, such as wind, solar, and hydropower, and enforcing strict environmental policies (Wu et al [3] and Zhao et al [4]). This deliberate pivot aims to sever the link between economic progress and environmental harm, aspiring to forge an economic structure that is resilient and sustainable in the face of future environmental adversities.…”

Section: Introductionmentioning

confidence: 99%

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

Wang,

He,

2024

Sustainability

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Utilizing Fourier autoregressive distributed lag and Fourier Toda–Yamamoto causality methodologies, this research assesses the effects that renewable energy consumption and environmental policy had on the economic sustainability of China from 1991 to 2022. Our findings highlight the positive impacts of renewable energy use and stringent environmental policies on China’s economic growth, while also pinpointing the supportive roles played by foreign direct investment, trade openness, and financial sector evolution in fostering a sustainable economic environment. Conversely, a reliance on fossil fuels emerges as a significant barrier to sustainability. Causality tests confirm the essential roles of renewable energy and environmental policies in advancing China’s economic sustainability. This study underscores the critical need for integrating sustainable energy and environmental strategies within China’s economic development framework, advocating for a holistic policy approach that balances economic growth with environmental conservation. This research underscores the imperative for a sustainability-centered strategy for China’s economic advancement.

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Section: Introductionmentioning

confidence: 99%

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

Wang,

He,

2024

Sustainability

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Effects of entrepreneurship and governance quality on global and regional economic performance: A pathway to sustainable development

Ogbuabor,

Emeka,

Ogbuabor

2024

Sustainable Development

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This study investigated the effects of entrepreneurship and governance quality on global and regional economic performance, and the moderating influence of governance quality on the entrepreneurship‐economic performance nexus. The study used a panel of 109 countries from 2010 to 2022. Prais‐Winsten regression, standard Fixed Effects regression with robust standard errors, Fixed Effects regression with Driscoll and Kraay standard errors, and the dynamic system GMM regression were used. We find that the unconditional effect of entrepreneurship on global economic performance is mainly negative, while governance quality predominantly exerts positive effect on global economic performance, but generally failed to moderate the adverse effect of entrepreneurship. Interestingly, we find regional disparities indicating that the patterns in Europe and Asia align with the global results, while the dynamics in the Americas show that the unconditional effect of entrepreneurship on economic performance is mainly positive and significant, with governance quality also exerting significant positive influence and reinforcing the positive effect of entrepreneurship. For Africa, we find that entrepreneurship is a potent driver of economic performance when it is measured using Total Early‐stage Entrepreneurial Activity and Entrepreneurial Employee Activity. We discussed the policy implications of these findings in relation to the sustainable development goals.

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Do the benefits outweigh the disadvantages? Exploring the role of artificial intelligence in renewable energy

Qin,

Hu,

et al. 2024

Energy Economics

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Is global renewable energy development a curse or blessing for economic growth? Evidence from China

Cited by 16 publications

References 45 publications

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

The Green Engine of Growth: Assessing the Influence of Renewable Energy Consumption and Environmental Policy on China’s Economic Sustainability

Effects of entrepreneurship and governance quality on global and regional economic performance: A pathway to sustainable development

Do the benefits outweigh the disadvantages? Exploring the role of artificial intelligence in renewable energy

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