Revisiting the energy-growth-environment nexus in the OECD countries: An application of the CS-ARDL approach

Vo, Duc Hong; Hồ, Chí Minh; Le, Quan Thai Thuong; Vo, Anh The

doi:10.1186/s13705-022-00375-z

Cited by 11 publications

(4 citation statements)

References 79 publications

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“…The majority of scholarly works in this domain focused on exploring the interplay between energy, economic growth, and environmental factors across various groups of countries (Khan et al, 2020;Vo et al, 2022a;Acuin et al, 2022;Mardani et al, 2019) and single countries (Duong & Tran, 2022;Adebayo et al, 2021;Raihan & Tuspekova, 2022a. In these papers, most scholars have used CO 2 to evaluate environmental degradation, and they test the Environmental Kuznets Curve (EKC) for various countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Fostering Green Transition in Central and Eastern Europe: Carbon Dioxide Emissions, Industrialization, Financial Development, and Electricity Nexus

Mitić,

Fedajev,

Radulescu

et al. 2024

Technological and Economic Development of Economy

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Climate change presents a substantial impediment for the global community and prompts policymakers worldwide to prioritize environmental goals when defining national development strategies. Prioritizing these goals is particularly challenging for governments of developing economies still relying on fossil fuels, foreign capital, and industry contribution to GDP. This study examines the relationships between carbon dioxide emissions, industry value added, financial development, and electricity generation in 15 Central and Eastern European countries from 1995 to 2021. To achieve this objective, we examined stationarity and cointegration and employed a vector error correction model to investigate causalities between the variables, along with a variance decomposition analysis. Our findings suggest that the short-run unidirectional causalities exist from industry value-added to carbon dioxide emissions and from carbon dioxide emissions to financial development and electricity generation. Long-term causality exists between carbon dioxide emissions and industry value added. The findings shed light on the challenges and opportunities these countries face in transitioning to climate neutrality and meeting the decarbonization targets. Within this context, the findings underscore the significance of crafting customized strategies for these economies to navigate the complex landscape of climate change while promoting sustainable industrial, electricity and financial sector development.

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Section: Literature Reviewmentioning

confidence: 99%

Fostering Green Transition in Central and Eastern Europe: Carbon Dioxide Emissions, Industrialization, Financial Development, and Electricity Nexus

Mitić,

Fedajev,

Radulescu

et al. 2024

Technological and Economic Development of Economy

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“…In their studies for the OECD countries, Duc, Ho, Le, et al (2022) and Duc, Ho and Vo (2023) examined the energy-growth-environment nexus, focusing on trade openness, financial development, and urbanization. Their empirical findings indicate that trade openness, financial development, and urbanization play different roles in the energy-growth-environment nexus for the OECD countries and that urbanization plays a limited role in this nexus.…”

Section: Literature Reviewmentioning

confidence: 99%

Do Urbanization and Industrialization Deteriorate Environmental Quality? Empirical Evidence from Vietnam

Vo,

Ho,

2024

Sage Open

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Vietnam has transitioned from one of the poorest countries globally into a middle-income nation in three decades since the 1986 Economic Renovation (Doi Moi).However, this economic reform miracle has been widely supported by extensive urbanization and industrialization, leading to severe deterioration in environmental quality. While the effect of economic growth on environmental degradation has been extensively investigated, previous studies on Vietnam have largely ignored the role of urbanization and industrialization, the two key pillars in supporting economic growth in Vietnam. As such, this study focuses on the effect of urbanization and industrialization on environmental quality from 1985 to 2021 using the ARDL estimation. Our overall finding confirms that urbanization in Vietnam leads to further environmental degradation in the short run. However, this negative effect disappears in the long run. However, industrialization deteriorates environmental quality in both the short- and long-run. Our empirical results confirm the validity of the environmental Kuznets curve (EKC) hypothesis in the presence of urbanization and industrialization in the Vietnamese context in the long run, implying that Vietnam’s environmental quality may be improved in the long run when a certain income level is met. These findings imply that the Vietnamese government should reconsider the priority of its industrialization strategy to ensure that sustainable economic growth is not at the expense of environmental quality in the long run.

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“…The error terms are ε i,t , µ i,t , and ω i,t . Scholars have hypothesised and examined interactive effects among variables using CS-ARDL (Mehmood 2022;Ullah et al 2023;Vo et al 2022). A positive relationship is expected between all the independent variables and dependent variables.…”

Section: Theoretical Framework and Model Specificationmentioning

confidence: 99%

Foreign Aid and Institutional Quality towards Reducing Gender-Based Violence

Asaleye,

Strydom

2023

Social Sciences

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Studies have shown a possible link between women achieving some degree of economic independence through empowerment and a decline in gender-based violence (GBV). However, inadequate funding has been a major challenge in developing economies, while foreign aid has been seen as an alternative funding source. Foreign aid for promoting women’s rights and gender equality is improving in African countries. Yet, according to official statistics, the frequency of GBV in Africa is among the highest in the world. Given this, this paper examines the impact of women’s aid and institutional quality on factors that can reduce GBV using both cross-sectional autoregressive lags to investigate short- and long-run implications and the Panel Vector Correction Model to examine the shock effect of aid on other variables. Also, the mediating role of institutional quality and women’s aid are considered. The metrics used for the factors that reduce GBV are female children out of school, the secondary school gender parity index, the genital mutilation prevalence rate, and the metrics for institutional quality are the rules of law and government effectiveness. The implications from the findings show that enhancing the legal structure is very important in Africa, given the low coefficient values to reduce discrimination against the right to education; more should be done to increase the enrolment of female students through the maximisation of women’s aid in order to achieve the short- and long-term objectives of reducing gender violence. The findings also show that the rule of law significantly aids in the reduction of female genital mutilation in the short and long run; government effectiveness is insignificant. Also, they show that women’s aid also reduces female genital mutilation, albeit at a low rate. The results of this study call for strong enhanced government support and funding to end the practice of female genital mutilation and discrimination against female education in the short and long run.

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Revisiting the energy-growth-environment nexus in the OECD countries: An application of the CS-ARDL approach

Cited by 11 publications

References 79 publications

Fostering Green Transition in Central and Eastern Europe: Carbon Dioxide Emissions, Industrialization, Financial Development, and Electricity Nexus

Fostering Green Transition in Central and Eastern Europe: Carbon Dioxide Emissions, Industrialization, Financial Development, and Electricity Nexus

Do Urbanization and Industrialization Deteriorate Environmental Quality? Empirical Evidence from Vietnam

Foreign Aid and Institutional Quality towards Reducing Gender-Based Violence

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