Links between renewable and non-renewable energy consumption, economic growth, and climate change, evidence from five emerging Asian countries

Long, Wang; Ali, Arshad; Ji, Houqi; Chen, Jian; Ni, Guodong

doi:10.1007/s11356-023-27957-4

Cited by 5 publications

(1 citation statement)

References 94 publications

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“…This result identifies renewable energy consumption as a major factor affecting economic growth in selected Asian emerging economies, which is inconsistent with the arguments of classical economics. Thus, implementing policies to expand renewable energy efficiency will boost economic growth in Asian emerging economies, consistent with previous studies by [25,28,47,49,50,[116][117][118][119]. Also, gross fixed capital formation has significantly boosted economic growth in specific emerging Asian economies.…”

Section: Long-term Coefficient Estimation Of Economic Growth Modelsupporting

confidence: 86%

Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies

Zhang

Ali

et al. 2023

PLoS ONE

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The study aims to investigate the impact of social, economic and political globalization on the renewable energy-economic growth nexus in a panel of six Asian emerging economies over the period 1975–2020. The results of the CS-ARDL approach show that renewable energy consumption contributes significantly to long run economic growth. Economic and political globalization firmly hold back economic growth, while social globalization directly promotes economic growth. The nonlinear effects of political, social, and economic globalization on economic growth clearly demonstrate the validity of the inverted U-shaped relationship between political globalization, economic globalization, and economic growth, and the U-shaped relationship between social globalization and economic growth. The study also found that economic, social and political globalization moderated the impact of renewable energy on boosting economic growth. Based on the renewable energy consumption model, it is revealed that economic growth significantly promotes long run renewable energy consumption. Economic, social, and political globalization have significantly boosted long run renewable energy consumption. However, the nonlinear effect model reflects a U-shaped relationship between globalization indicators and renewable energy consumption. The interaction of political, economic, and social globalization with economic growth has also witnessed an increase in renewable energy consumption, which supports the scale effect hypothesis. The causality test concludes that there is a two-way causal relationship between renewable energy consumption and economic growth, thus supporting the feedback hypothesis. The policy implications for Asian emerging economies are discussed based on the empirical analysis of this study.

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Section: Long-term Coefficient Estimation Of Economic Growth Modelsupporting

confidence: 86%

Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies

Zhang

Ali

et al. 2023

PLoS ONE

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An empirical study on the relationship between urbanization, transportation infrastructure, industrialization and environmental degradation in China, India and Indonesia

Qian

2024

Environ Dev Sustain

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In certain densely populated Asian countries (China, India, and Indonesia), unsustainable urban development may be directly or indirectly related to the environment and may cause environmental problems due to low industrial structure and poor transportation infrastructure. Thus, this study uses AMG, CCEMG and MG estimators to reveal the relationship between urbanization, transportation infrastructure, industrial structure, renewable energy use, economic growth and per capita carbon dioxide emissions in densely populated Asian countries from 1995 to 2020. Relying on the AMG estimator, the results show that urbanization, industrial structure, and transportation infrastructure investment significantly accelerate per capita carbon dioxide emissions in the long run. However, the use of renewable energy has a significant adverse impact on per capita CO2 emissions in the long run. The second model based on urbanization structure clearly shows that, except for the insignificant impact of renewable energy consumption, other explanatory factors (transportation infrastructure, industrial structure and GDP) have significant progressive effects on urbanization. Considering the moderating role of institutional quality, the analysis succinctly argues that in the long run, institutional quality intensifies the negative impact of renewable energy utilization on environmental pollution. Institutional quality turns the strong positive effects of urbanization, industrial structure, and transportation infrastructure on per capita carbon emissions into negative effects. Furthermore, the quality of existing institutions in specific country panel can even interact with industrial structure and transportation infrastructure to improve urban structure and thereby reduce environmental harm. Finally, the specific threshold level is examined to determine that the impact of baseline regression variables (urbanization, transportation infrastructure, renewable energy utilization, industrial structure) on per capita carbon dioxide emissions has fully penetrated into the institutional quality level. Strategic empirical evidence shows that sustainable urban growth goals that contribute to a sustainable environment can be achieved by upgrading two major components of cities—industrial structures and transport infrastructure. The good performance of industrial structure and transportation infrastructure can be improved through institutional quality. Compared with weak institutional quality, a sound institution can expand the ability of transportation infrastructure and industrial structure to improve the urbanization structure, thereby slowing down environmental degradation. Furthermore, in this pursuit, the role of institutional quality in developing policies to support renewable energy is also becoming increasingly important.

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Exploring the Linkage Between Energy Consumption and Economic Growth in BRICS Countries Through Disaggregated Analysis

Raza,

Khan,

Bakhtyar

2024

J Knowl Econ

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The main objective of this study is to analyze the impact of disaggregated energy consumption (coal, natural gas, petrol, and electricity) on the economic growth of BRICS countries (Brazil, Russia, India, China, and South Africa) from 1990 to 2020. The study implements the Augmented Mean Group (AMG) and Cross-Sectional Augmented Autoregressive Distributed Lag (CS-ARDL) techniques for empirical analysis. The cointegration results indicate a consistent long-term link between coal consumption, gas, petrol, electricity, and economic growth. The CS-ARDL estimates show that disaggregated energy consumption has a positive short- and long-term effect on economic growth, and the AMG approach supports these findings. These results suggest that the economic growth of BRICS countries is positively influenced by increased consumption of different types of energy sources. The panel Granger causality test result confirms the causal link between coal consumption and economic growth, electricity and economic growth, and petroleum and economic growth, supporting the feedback hypotheses, while natural gas consumption and economic growth support the neutral hypothesis. These findings suggest that energy conservation initiatives can be implemented in BRICS countries without negatively impacting economic growth.

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Links between renewable and non-renewable energy consumption, economic growth, and climate change, evidence from five emerging Asian countries

Cited by 5 publications

References 94 publications

Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies

Does globalization matter in the relationship between renewable energy consumption and economic growth, evidence from Asian emerging economies

An empirical study on the relationship between urbanization, transportation infrastructure, industrialization and environmental degradation in China, India and Indonesia

Exploring the Linkage Between Energy Consumption and Economic Growth in BRICS Countries Through Disaggregated Analysis

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