Renewable energy, institutional stability, environment and economic growth nexus of D-8 countries

Mahjabeen,; Shah, Syed Zulfiqar Ali; Chughtai, Sumayya; Simonetti, Biagio

doi:10.1016/j.esr.2020.100484

Cited by 131 publications

(41 citation statements)

References 44 publications

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“…There is a linear correlation between energy use and the level of CO 2 emissions at any point in time (C): E = b.CO when considering the level of technology. Moreover, several energy economists support the view that renewable energy (RE) is fundamental for reducing emissions and increasing economic growth and it could be incorporated as an input factor in the production function [77][78][79]. Therefore, the prolonged production function of Cobb-Douglas appears as follows:…”

Section: Model Specifications and Estimation Methodsmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

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This article extends the previous studies on environmental economics literature by examining a possible relationship between economic growth, green energy, and environmental quality. Specifically, this article investigated the three-way linkage between economic growth, renewable energy, and environmental quality in the case of Saudi Arabia using the simultaneous equation modeling approach over the period of 1990–2016. The following are the main findings obtained: (i) a unidirectional causal impact of economic growth on renewable energy consumption was found, confirming the conservation hypothesis; (ii) bidirectional relationships between economic growth and CO2 emissions and between CO2 emissions and renewable energy consumption were also found; (iii) the failure of renewable energy in Saudi Arabia to close the gap between growing the economy and protecting the environment in Saudi Arabia; (iv) the environmental Kuznets curve (EKC) hypothesis was supported. Policy implications are also discussed.

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Section: Model Specifications and Estimation Methodsmentioning

confidence: 99%

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

2021

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“…Uddin et al (2017) show that political instability is higher in the OIC countries and affects economic growth, especially for the lower and middle-income OIC countries due to the absence of strong economic and political institutions. Mahjabeen et al (2020) shows that the institutional quality will spur economic growth in D-8 countries.…”

Section: Resultsmentioning

confidence: 99%

Trade Agreement and Economic Growth: Evidence in D-8 Countries

2021

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The D-8 organization was established to accelerate the economies of eight developing countries that joined the OIC, but the data showed a decline in the share of the D-8 countries towards the total GDP of developing countries. Thus, this study examines whether there are differences in economic growth between D-8 and non-D-8 countries. The tests were carried out on eight D-8 member countries and eight non-D8 countries. Using panel regression with a fixed-effect model, the study results indicate differences in economic growth between D-8 and non-D-8 member countries. These results indicate that joining D-8 made a significant contribution to its member countries. In addition, all control variables such as political stability, population, export, and human development index show a positive impact on economic growth.JEL Classification: F13, F14, F43How to Cite:Arisman., Al Arif, M. N. R., & Harahap, D. (2021). Trade Agreement and Economic Growth: Evidence in D-8 Countries. Signifikan: Jurnal Ilmu Ekonomi, 10 (2), 311-324. https://doi.org/10.15408/sjie.v10i2.21457.

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“…The measures taken in this respect are intended to increase the effectiveness of the fight against the progressive degradation of the environment and the increasing greenhouse gas emission, which pose a serious threat to humanity in the form of environmental pollution and adverse climate change [32]. In order to halt these processes, global developed countries are implementing the United Nations Framework Convention on Climate Change (UNFCCC).…”

Section: Renewable Energy Sourcesmentioning

confidence: 99%

Energy Policy of European Union Member States in the Context of Renewable Energy Sources Development

et al. 2021

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As a consequence of increasing air pollution, the European Commission has decided to introduce special directives laying down the measures to achieve climate and energy neutrality. Renewable energy (RE) sources play an important role in the pursuit of these goals, which has been taken into account in the 2030 Agenda for Sustainable Development. The aim of this article is to describe patterns and trends in the achievements of the energy policy of European Union (EU) countries in the field of renewable energy in sustainable development. The identification of leaders in this field gives the possibility to analyse actions taken by the governments of these countries and the possible implementation of the introduced solutions on the ground of individual Member States at the regional and national levels. At the beginning Main goal of energy policy on the field of renewable energy sources (RES) is to increase production from environmentally friendly sources that is why trends were determined in order to assess the rate of achievement of the national target for changes the share of energy from renewable sources in total gross energy consumption. Groups of similar countries were then identified on the basis of three indicators corresponding to the targets set in the climate and energy package. In the group of analysed countries, 14 have achieved the 2020 targets and 4 have exceeded the 2030 targets. The main renewable energy sources (RES) are biofuels, wind, and hydropower. In the assessment of the achievement of energy policy targets, the best situation was observed in the case of Denmark, Ireland, and the United Kingdom. These countries have significantly increased the share of renewable energy in total energy consumption. Compared to other EU countries, they have reduced the economy’s energy consumption and greenhouse gas emissions the most.

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Renewable energy, institutional stability, environment and economic growth nexus of D-8 countries

Cited by 131 publications

References 44 publications

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

Green Energy, Economic Growth and Environmental Quality Nexus in Saudi Arabia

Trade Agreement and Economic Growth: Evidence in D-8 Countries

Energy Policy of European Union Member States in the Context of Renewable Energy Sources Development

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