Renewable energy development, unemployment and GDP growth: South Asian evidence

Rahman, Mahbubur; Rahman, Md. Mufidur; Akter, Roksana

doi:10.1108/agjsr-04-2023-0152

Cited by 6 publications

(3 citation statements)

References 46 publications

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“…Both tests were run at different levels and first differences to confirm the stationarity or the need for differencing of the variables. Only after affirming stationarity, we can proceed with the ARDL modeling, ensuring that the foundation for our model and analysis is both reliable and valid (Rahman, 2023; Rahman et al , 2023).…”

Section: Analysis and Discussionmentioning

confidence: 99%

“…This approach is suitable for analyzing both long- and short-term dynamics among variables that are stationary at either I(0) or I(1) levels, but not at I(2). The selection of an appropriate lag length for the ARDL model was informed by the Akaike information criterion (AIC), a methodology also used in studies by Rahman et al (2023).…”

Section: Analysis and Discussionmentioning

confidence: 99%

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Does the pharmaceutical industry’s growth relate to Bangladesh’s macroeconomic stability?

Rahman,

Subat

et al. 2023

IJPHM

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Purpose This study empirically aims to examine the relationship between Bangladesh’s pharmaceutical industry growth and macroeconomic indicators such as the inflation rate, gross domestic product (GDP) growth, foreign direct investment (FDI) inflows, exchange rate and export growth through the long- and short-run relationship. Design/methodology/approach Using the time series data from 1986 to 2020, this study was developed based on the autoregressive distributed lag (ARDL) framework for co-integration. In contrast, the Toda–Yamamoto Granger Causality approach was also used for finding the direction of causality. Findings This study used the ARDL bounds test, which found strong co-integration among the variables, indicating a long-term relationship between them. In the long run, inflation, exchange rate and export growth significantly positively influence the pharmaceutical industry’s growth. Surprisingly, an FDI inflow has a negative impact. In the short term, the exchange rate and GDP growth were found to influence the growth of the pharmaceutical industry positively. Bidirectional causality between the growth of the pharmaceutical industry and the exchange rate was also identified using the Granger causality approach. Research limitations/implications This paper emphasizes developing the policy as well as making concrete decisions regarding the development of the pharmaceutical industry and economic development in Bangladesh. The results also highlight the necessity for strategic macroeconomic management to support this sector’s long-term development and global competitiveness. Originality/value To the best of the authors’ knowledge, this paper is conducted to identify the short- and long-run relationship of pharmaceutical industry development with the economic indicators and progress, where no study has been found on this dimension.

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Section: Analysis and Discussionmentioning

confidence: 99%

Section: Analysis and Discussionmentioning

confidence: 99%

Does the pharmaceutical industry’s growth relate to Bangladesh’s macroeconomic stability?

Rahman,

Subat

et al. 2023

IJPHM

Self Cite

View full text Add to dashboard Cite

show abstract

“…(1). However, if I (2) variables are present, the approach cannot predict the ideal outcomes (Rahman et al, 2023;Abedin et al, 2020;Oteng-Abayie & Frimpong, 2006).…”

Section: Unit Root Testmentioning

confidence: 99%

Exploring the link between green energy, CO2 emissions, exchange rate and economic growth: Perspective from emerging South Asian countries

Rahman,

Akter

2023

Int. J. Renew. Energy Dev.

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This paper investigates the nexus between renewable energy use, CO2 emissions, exchange rate, and economic development within emerging South Asian nations, namely Bangladesh, India, Pakistan, and Sri Lanka, employing the Autoregressive Distributed Lag (ARDL) framework. It examines annual data spanning from 1990 to 2019, examining key indicators of renewable energy consumption, CO2 emissions, exchange rate, and economic development. The ARDL bounds test results demonstrate the existence of co-integration among the variables in the long run. The empirical result finds that the renewable energy consumption, CO2 emissions, and exchange rate have a significant impact on economic growth in Bangladesh, Pakistan, and Sri Lanka in the long run. In India no significant relationship found in the long run. In short run assessment, Bangladesh, India, and Sri Lanka also found same relationship with economic growth and renewable energy consumption, CO2 emissions, and exchange rate. Interestingly, In Pakistan no significant relationship has found in short run estimation analysis. Furthermore, study tried to determine the causality direction by using the Toda Yamamoto granger causality approach, which reveals bidirectional causation between exchange rate and CO2 emission in India. In Pakistan, study also found bi-directional causality among the variables renewable energy consumption, CO2 emissions, and economic growth. Finally, this paper emphasizes developing the policy as well as making a concrete decision regarding the renewable energy consumption, CO2 emissions, exchange rate, and economic development for ensuring sustainable economic growth in South Asian region. Future research could extend this work by including different dimensional data, additional countries, or using alternative or supplementary modeling techniques.

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Assessing Economic Performance on Significance Study, Trends of GDP Growth in Asian Developing Nations

Vinoth,

Ravindran,

Sudha

et al. 2024

Studies in Systems, Decision and Control

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Renewable energy development, unemployment and GDP growth: South Asian evidence

Cited by 6 publications

References 46 publications

Does the pharmaceutical industry’s growth relate to Bangladesh’s macroeconomic stability?

Does the pharmaceutical industry’s growth relate to Bangladesh’s macroeconomic stability?

Exploring the link between green energy, CO2 emissions, exchange rate and economic growth: Perspective from emerging South Asian countries

Assessing Economic Performance on Significance Study, Trends of GDP Growth in Asian Developing Nations

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