RETRACTED: Investigating the subsistence of Environmental Kuznets Curve in the midst of economic development, population, and energy consumption in Bangladesh: imminent of ARDL model

Voumik, Liton Chandra; Rahman, Md. Hasanur; Hossain, Md. Shaddam

doi:10.1016/j.heliyon.2022.e10357

Cited by 37 publications

(12 citation statements)

References 52 publications

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“…Even though a growing population mitigates environmental degradation, this effect has an insignificant coefficient both in the long and short run. Results are in agreement with those found by Rahman et al (2022) and Voumik et al (2022a). The long-run coefficient of urbanization is 3.246 meaning that around 3.246% more CO 2 emissions will arise with an increase in the urban population of just 1%.…”

Section: Resultssupporting

confidence: 90%

Nexus Between Urbanization, Industrialization, Natural Resources Rent, and Anthropogenic Carbon Emissions in South Asia: CS-ARDL Approach

2023

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Rapid population growth and economic expansion affect environmental sustainability by raising emissions from increased urbanization, industrialization, and energy consumption in South Asia. Therefore, the current research aims to scrutinize the dynamic impacts of urbanization, industrialization, and energy consumption on carbon dioxide (CO 2 ) emissions in five South Asian countries (Bangladesh, Pakistan, India, Nepal, and Sri Lanka) under the umbrella of the famous stochastic regression for impact for technology, population, and asset on environmental condition (STIRPAT) model. This research employed the second-generation unit root and cointegration tests by applying the data from 1972 to 2021 to investigate the existence of slope heterogeneity (SH) and cross-sectional dependence (CSD) problem. After checking CSD, SH, unit root, and cointegration tests, the research utilized cross-sectional autoregressive distributive lag (CS-ARDL) as a baseline model and augmented mean group (AMG), mean group (MG), and common correlated effects mean group (CCEMG) as a robustness check. The evidence shows that the economic boom, urbanization, and industrialization increase CO 2 emissions. CO 2 emissions in South Asian nations have been reduced due to population growth, natural resources rent, and electrification. All estimators point to urbanization's negative effects, being far more severe than any other environmental impact. Conversely, natural resource rent prevents environmental degradation more effectively than electricity. Therefore, it is recommended that South Asian economies adopt consistent, sustainable economic policies to reap the benefits of industrialization, urbanization, and increased electricity use. The findings are generally consistent with the policy implications.

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Section: Resultssupporting

confidence: 90%

Nexus Between Urbanization, Industrialization, Natural Resources Rent, and Anthropogenic Carbon Emissions in South Asia: CS-ARDL Approach

2023

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“…Renewable energy ensures the environmental compatibility level. The sign of the renewable energy coefficient is consistent with that of the available researchers such as Voumik and Sultana [94] in BRICS, Voumik et al [95] in ASEAN countries, Voumik et al [96] in Bangladesh, Olanrewaju et al [97] in G7 countries, and Wang et al [98] in G7 countries, who also narrated that renewable energy significantly alleviates the emissions. By contrast, fossil fuels enhance the environmental degradation level because they are a source of non-renewable energy, reflecting that a 1 unit rise in the usage level of fossil fuel causes a 2.1 unit increase in the greenhouse gas emissions level.…”

Section: Amg Testsupporting

confidence: 86%

Modeling Energy, Education, Trade, and Tourism-Induced Environmental Kuznets Curve (EKC) Hypothesis: Evidence from the Middle East

et al. 2023

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Global warming has become the main concern in the present world. This research takes a comprehensive look at the interconnections between tourism, gross domestic product (GDP), renewable energy, fossil fuels, education, trade, and carbon dioxide (CO2) emissions in the Arab Peninsula. Including these variables, the research also checks the environmental Kuznets curve (EKC) hypothesis by analyzing the top 10 tourist destinations from 1997 to 2019. Saudi Arabia, Qatar, the United Arab Emirates, Iran, Israel, Jordan, Bahrain, Oman, Lebanon, and Egypt round out the top 10 countries in Arab in terms of tourist arrivals. The paper uses a novel augmented mean group (AMG) model to explore the problems of slope heterogeneity (SH), cross-sectional dependence (CSD), and the combination of level and first-difference stationery. An association between these variables over time can be discovered using the Westerlund cointegration method. To certify the accuracy of the findings, the research used both the mean group (MG) and common correlated effects mean group (CCEMG). According to the research, the EKC does not exist in the most popular Middle Eastern travel destinations. This basically means that as money grows, environmental conditions will deteriorate. The findings show that tourism can help reduce environmental harm there. Indicators such as rising populations, increased energy consumption, and thriving economies all influence the rise of the environmental degradation level. Trade will also increase environmental deterioration. The only things that will help reduce CO2 emissions are tourism and renewable energy. Therefore, the MG and CCEMG results corroborate the AMG findings. Governments may push for the widespread use of refillable energy sources and the development of ecotourism. Therefore, policymakers in this country should rethink their tourism strategies and adopt one that places a premium on renewable energy sources and environmental protection.

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“…Similarly, considering the second dominant factor such as exchange rate fluctuations by an inverse relationship accounts for around 27%. This represents that the exchange rates have a significant influence on the inflation rate in Saudi Arabia more specifically, through the purchasing power of its currency such as Saudi Riyal (Voumik et al, 2022) [21]. This currency is usually pegged to the US dollar which represents that if the dollar is stronger, the Riyal will also be strong.…”

Section: Figure 5: Coefficients and Impact Of Economic Factors On Lon...mentioning

confidence: 99%

Influence of Inflation on the Economic Growth of Saudi Arabia

Jazia,

Khabbouchi

2024

Saudi J. Bus. Manag. Stud.

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Primary factors considered that influence inflation movement can experience significant changes due to the COVID-19 pandemic. This research focuses on examining macroeconomic factors which influence the inflation rate in Saudi Arabia which is critical for development and adjusting a suitable policy response. Saudi Arabia’s changing inflation trends are also affected by its internal and external factors including domestic demands, net spending of Government, and liquidity along with exchange rate movements and imported inflation. This research paper focuses on providing insights regarding previous studies conducted on this topic by adopting different approaches. The approach utilized in this study reflects mainly non-oil revenues like value-added tax along with levies related to expatriates on inflation. ARDL (Autoregressive Distribution Lag Model) has been applied instead of the Vector Error Correction model considering its robustness for 40 quarter sample sized integrated in this study. From the results, it has been confirmed that the inflation Movement in Saudi Arabia is more inclined to external factors than domestic factors.

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RETRACTED: Investigating the subsistence of Environmental Kuznets Curve in the midst of economic development, population, and energy consumption in Bangladesh: imminent of ARDL model

Cited by 37 publications

References 52 publications

Nexus Between Urbanization, Industrialization, Natural Resources Rent, and Anthropogenic Carbon Emissions in South Asia: CS-ARDL Approach

Nexus Between Urbanization, Industrialization, Natural Resources Rent, and Anthropogenic Carbon Emissions in South Asia: CS-ARDL Approach

Modeling Energy, Education, Trade, and Tourism-Induced Environmental Kuznets Curve (EKC) Hypothesis: Evidence from the Middle East

Influence of Inflation on the Economic Growth of Saudi Arabia

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