Revealing heterogeneous causal links among financial development, construction industry, energy use, and environmental quality across development levels

Ahmad, Munir; Jabeen, Gul; Hayat, Muhammad Khizar; Khan, Rana Ejaz Ali; Qamar, Shoaib

doi:10.1007/s11356-019-07299-w

Cited by 14 publications

(8 citation statements)

References 52 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This finding is somewhat analogous to Ahmad et al. 38 and Wang and Wang. 18 Also, in light of the setup that regional discrepancy is recently an enormous concern of the Chinese economy, the underpinnings of land agglomeration would have articulated policy suggestions for decision making authorities.…”

Section: Empirics and Discussionsupporting

confidence: 91%

“…Besides, Ahmad et al. 38 investigated the relationship among GDP, economic progress, and infrastructure industry in Pakistan during 1950–2005. They conducted the co-integration and Granger causality testing.…”

Section: Review Of Literature and Formulation Of Hypothesesmentioning

confidence: 99%

“…In addition, the data on population size (year-end) is taken as 10000 persons. Furthermore, data on CO 2 at the provincial level is not available; therefore, following the previous researches, 38,61 these data are estimated according to the guidelines by Intergovernmental Panel on Climate Change. 62 Concerning this, it has been opined that the use of fossil fuels and the cement production processes are the chief source of Chinese CO 2 .…”

Section: Description Of Data Summary Statistics and Pre-analysismentioning

confidence: 99%

See 2 more Smart Citations

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?

Ahmad

Anser

et al. 2020

Energy & Environment

Self Cite

View full text Add to dashboard Cite

Although urban agglomerations have introduced substantial contributions to the economies around the globe, it has also led to the serious environmental challenges. However, this situation may vary across the development levels. The existing knowledge offers a gap in terms of both theoretical and empirical grounds. The Stochastic Impacts by Regression on Population, Affluence, and Technology (STIRPAT) is previously not known to incorporate land agglomeration and the intensity of energy use. Besides, the investigation of linkages among the variables of interest across the development levels within a country is not known to be considered by the existing knowledge. This study systematically investigates the heterogeneous dynamic causality among the intensity of energy use, land agglomeration, carbon dioxide emissions (CO2), and economic progress across the development levels in the Chinese economy, considering 29 provinces for the period 2000 to 2018. To this end, a long-term co-integration association is tested and found existent among the variables of interest. A dynamic common correlated effects mean group approach is applied for impact analysis. The key findings include: The impacts of economic progress and land agglomeration on CO2 are found positive and significant in the country panel and western zone of China (WZC). It turned to be neutral in the case of the central zone of China (CZC) and significantly negative in the eastern zone of China (EZC). To this end, economic progress presented a ‘development ladder-based CO2 mitigation effect,’ while the land agglomeration exposed the ‘land agglomeration ladder-based CO2 mitigation effect’. Further, the causalities extracted are: first, economic progress is found in positive bilateral linkages with the intensity of energy use and land agglomeration for all the panels. Second, a positive and unilateral causal bridge is found operating from land agglomeration to the intensity of energy use and from the intensity of energy use to CO2. Third, a unilateral linkage of mixed nature is exposed to exist from land agglomeration to CO2, with positive causal links for country panel and WZC, negative causal links for EZC, while a neutral linkage is found for CZC. Fourth, a bidirectional link with mixed causalities appeared in the country panel and WZC. Economic progress increased CO2 in WZC. Next, a negative bilateral link is observed between the two variables in EZC. Additionally, this link remained neutral in CZC. Based on empirics, it is revealed that the development level matters in determining the links among the variables of interest.

show abstract

Section: Empirics and Discussionsupporting

confidence: 91%

Section: Review Of Literature and Formulation Of Hypothesesmentioning

confidence: 99%

Section: Description Of Data Summary Statistics and Pre-analysismentioning

confidence: 99%

See 1 more Smart Citation

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?

Ahmad

Anser

et al. 2020

Energy & Environment

Self Cite

View full text Add to dashboard Cite

show abstract

“…The significance of financial development and its function in the intermediation of finance has been contentious about, as it has played a major part in economic progress over the last few decades and has assumed a prominent place in financial development. Many scholars have proposed that financial development importantly stimulates economic progress by promoting industries, investments, the distribution of loanable funds, and the accumulation of capital (Ahmad et al 2020b). In fact, they claimed that emerging countries require it to obtain well-developed capital markets.…”

Section: Introductionmentioning

confidence: 99%

Do Financial Development and Economic Openness Matter for Economic Progress in an Emerging Country? Seeking a Sustainable Development Path

Hussain

Oad

Ahmad

et al. 2021

JRFM

Self Cite

View full text Add to dashboard Cite

While emerging economies face the challenge of competing with developed nations, they are capable of catching up to the developed world. In this context, financial development and the degree of economic openness may provide better living conditions for the current generation without giving up future generations’ prosperity. Therefore, this research’s prime intention is to investigate the impact of economic openness and financial development on economic progress, employing Pakistan’s time-series data from 1975–2018. To examine the long-term association between economic openness, financial development, and economic progress, Autoregressive Distributed Lag (ARDL) cointegration tests were performed and the results present a long-term association between these variables. Findings from ARDL estimates indicate that the relationship between financial development and economic progress is significantly positive in the long term. Contrastingly, the relationship between economic openness and economic progress is significantly positive in the short term. A fully modified ordinary least square technique was applied to check the robustness of the long-term links. The Granger causality test revealed that economic progress is motivated by both economic openness and financial development in an emerging economy such as Pakistan. Thus, policies boosting financial development and economic openness are proposed to put the emerging economies on a path of sustainable economic development.

show abstract

“…Carbon management is a broad-based method toward reducing climate change by the reduction of carbon emissions into the atmosphere, which have scientifically been proven to contribute to the process of global warming. China's carbon emissions are closely related to the level of economic development (Ahmad, et al, 2020). Due to the regional heterogeneity caused by the existence of the EKC law (Ahmad, et al, 2019), it is necessary for local governments to establish a localized carbon management system to tackle the climate crisis.…”

Section: Introductionmentioning

confidence: 99%

An Approach to Quickly Establish Regional Carbon Management System

Zhu

Gao

Zhang³

et al. 2022

Front. Energy Res.

View full text Add to dashboard Cite

Local governments are the main actors in achieving carbon peaking and carbon neutrality goals. The existing carbon management system is mainly for the country, industry or enterprise, and there is no carbon management design method for local governments. Therefore, from the perspective of local governments, a regional carbon management approach based on carbon-electricity intensity and carbon efficiency is proposed. First, based on electricity consumption data, combined with regional industry energy statistics, a carbon-electricity intensity indicator is established to estimate the carbon emissions of enterprises, and then different carbon emission reduction strategies are constructed using carbon efficiency indicator. This study proposes two types of emission reduction strategies, marginal opt-out and collective action, and conducts scenario simulation analysis using a case study from a city in southeastern China. The baseline scenario shows that although the marginal opt-out strategy has the lowest economic cost, the emission reduction rate is also lower, while the collective action strategy can achieve the emission reduction target faster, but only at a higher economic cost. This approach is suitable for the construction of the initial carbon management system in areas dominated by electricity consumption, taking into account the two dimensions of economy and environment, and can be applied to various decision-making scenarios, which is beneficial for local governments to quickly start the carbon management system.

show abstract

Revealing heterogeneous causal links among financial development, construction industry, energy use, and environmental quality across development levels

Cited by 14 publications

References 52 publications

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?

Do Financial Development and Economic Openness Matter for Economic Progress in an Emerging Country? Seeking a Sustainable Development Path

An Approach to Quickly Establish Regional Carbon Management System

Contact Info

Product

Resources

About

Revealing heterogeneous causal links among financial development, construction industry, energy use, and environmental quality across development levels

Cited by 14 publications

References 52 publications

Are the intensity of energy use, land agglomeration, CO2 emissions, and economic progress dynamically interlinked across development levels?

Are the intensity of energy use, land agglomeration, CO2 emissions, and economic progress dynamically interlinked across development levels?

Do Financial Development and Economic Openness Matter for Economic Progress in an Emerging Country? Seeking a Sustainable Development Path

An Approach to Quickly Establish Regional Carbon Management System

Contact Info

Product

Resources

About

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?

Are the intensity of energy use, land agglomeration, CO₂ emissions, and economic progress dynamically interlinked across development levels?