Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks

Corakci, Aysegul; Omay, Tolga

doi:10.1016/j.renene.2023.01.119

Cited by 7 publications

(1 citation statement)

References 57 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…However, the newly developed techniques in time series analysis such as nonlinearities proposed in other [87][88][89][90][91] studies may also be used. On the other hand, there is a growing trend in the literature which considers cross-section dependency and the nonlinearities in panel time series techniques, such as in [92][93][94][95][96]. Conducting these new techniques may also alter the information content of the study.…”

Section: Limitationsmentioning

confidence: 99%

Health Capital and a Sustainable Economic-Growth Nexus: A High-Frequency-Data Analysis during COVID-19

Sungur,

Akdoğan,

Gökten

2024

Sustainability

View full text Add to dashboard Cite

The recent COVID-19 pandemic effectively concretized the vitality of health expenditure and the economic-growth nexus, and the threat of new pandemics make re-examining this relationship a necessity. Consequently, this paper focuses on this nexus for developed OECD countries, paying particular attention to the effects of the COVID-19 pandemic. The use of stock indices as proxy variables for health expenditure and economic growth enabled the examination of this nexus by using high-frequency data and financial econometric techniques, specifically via rolling correlation and bivariate GARCH analyses. The data span 1170 observations between 15 May 2018 and 11 November 2022. Since the research period overlaps with the outbreak of Ukraine–Russia war, additional insights are obtained regarding the effects of the war as well. It was found that an increase in health expenditure leads to a delayed increase in economic growth even in the short term, and this relationship mainly develops during crises such as epidemics, wars, supply chain breakdowns, etc., for developed OECD countries. Given the aging population of developed countries, which will probably deteriorate the health status of those countries in the near future, the increasing political tensions around the globe and the considerations of a global recession highlight the importance and the inevitability of investments in health capital for developed countries as well.

show abstract

Section: Limitationsmentioning

confidence: 99%

Health Capital and a Sustainable Economic-Growth Nexus: A High-Frequency-Data Analysis during COVID-19

Sungur,

Akdoğan,

Gökten

2024

Sustainability

View full text Add to dashboard Cite

show abstract

Foreign direct investment, environmental regulation, and energy transition—An empirical study based on data from 38 OECD countries worldwide

Hou,

Wu,

Wang

et al. 2024

Manage Decis Econ

View full text Add to dashboard Cite

This study formulates a theoretical hypothesis regarding the intricate interplay among foreign direct investment (FDI), environmental regulation, and energy transition. To empirically validate this hypothesis, a comprehensive analysis is carried out on 38 member nations of the Organization for Economic Cooperation and Development (OECD) over the span of 2003 to 2020, utilizing a panel fixed effects model, a panel quantile model, and a panel threshold regression model. The findings of the research indicate that (1) FDI exhibits an inhibitory impact on energy transition and, according to the heterogeneity analysis, FDI significantly inhibits energy transition in developed nations. However, the inhibitory influence on energy transition in developing nations is not as pronounced. (2) A considerable amount of dampening influence is exerted by FDI on energy transition at various stages of the transition and is most apparent when the transition is in the growth phase. (3) A threshold effect is evident in FDI and environmental regulation in relation to energy transition owing to the mismatch between the two developments. Notably, the influence of FDI on energy transition significantly varies based on the stringency of environmental regulation. As formal environmental regulation surpasses a designated threshold, FDI shifted from facilitating to inhibiting the energy transition. The same conclusions were reached when informal environmental regulation was considered as the threshold variable. Drawing from the conclusions of this paper, the countries of the OECD can develop a theoretical framework to formulate foreign investment introduction policies and regulate environmental regulation efforts to promote the energy transition.

show abstract

Overview of Ample Investigation on Renewable Energy Sources: Types of Sources, Tasks, and Implications: A Review

Senthil Murugan,

ALDelfi,

Kumar

et al. 2024

Lecture Notes in Mechanical Engineering

View full text Add to dashboard Cite

Is there convergence in renewable energy deployment? Evidence from a new panel unit root test with smooth and sharp structural breaks

Cited by 7 publications

References 57 publications

Health Capital and a Sustainable Economic-Growth Nexus: A High-Frequency-Data Analysis during COVID-19

Health Capital and a Sustainable Economic-Growth Nexus: A High-Frequency-Data Analysis during COVID-19

Foreign direct investment, environmental regulation, and energy transition—An empirical study based on data from 38 OECD countries worldwide

Overview of Ample Investigation on Renewable Energy Sources: Types of Sources, Tasks, and Implications: A Review

Contact Info

Product

Resources

About