The dynamic impact of renewable energy and institutions on economic output and CO 2 emissions across regions

Bhattacharya, Mita; Churchill, Sefa Awaworyi; Paramati, Sudharshan Reddy

doi:10.1016/j.renene.2017.03.102

Cited by 598 publications

(258 citation statements)

References 51 publications

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“…Additionally, CO 2 emissions do not cause renewable energy consumption. This evidence is inconsistent with the finding of Bhattacharya et al [72] who found that the growth of renewable energy consumption had a significant negative effect on CO 2 emissions in 85 developed and developing countries. Notes: t-statistics are given in parentheses.…”

Section: System-gmm Pvar Causality Resultscontrasting

confidence: 89%

“…Some previous studies have shown evidence for a unidirectional causal relationship between CO 2 emissions and renewable energy, such as Al-mulali and Ozturk [68], who examined this for 27 advanced economies, and Balsalobre-Lorente et al [69], who studied this for 5 EU countries. Furthermore, Bölük and Mert [70], Zoundi [71] and Bhattacharya et al [72] demonstrates that renewable energy consumption has a significant negative effect on CO 2 emissions, and renewable energy consumption is an efficient tool for protecting the environment.…”

Section: Relationship Between Co 2 Emissions and Renewable Energymentioning

confidence: 99%

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The Causality between Participation in GVCs, Renewable Energy Consumption and CO2 Emissions

2020

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Using the panel vector autoregressive (PVAR) model accompanied by the system-generalized method of moment (System-GMM) approach, this paper investigates the dynamic causality between participation in global value chains (GVCs), renewable energy consumption and carbon dioxide (CO2) emissions throughout 1990–2015 for 172 countries. The results show that participation in GVCs negatively causes renewable energy consumption except for the Middle East and North America (MENA) and sub-Saharan Africa. Second, except for the Asia–Pacific region and globally, participation in GVCs has no causal impact on CO2 emissions, and participation in GVCs has a positive effect on CO2 emissions in the Asia–Pacific region and globally. Third, except for globally and sub-Saharan Africa, CO2 emissions have no causal impact on participation in GVCs; however, CO2 emissions hurt participation in GVCs globally and in the sub-Saharan African region. Forth, renewable energy consumption positively causes participation in GVCs in MENA, while renewable energy consumption does not cause participation in GVCs globally and in other regions. Fifth, there is no causality between CO2 emissions and renewable energy consumption both at the global and regional levels. Several policy implications are proposed and discussed for promoting participation in GVCs and improving the environment.

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Section: System-gmm Pvar Causality Resultscontrasting

confidence: 89%

Section: Relationship Between Co 2 Emissions and Renewable Energymentioning

confidence: 99%

The Causality between Participation in GVCs, Renewable Energy Consumption and CO2 Emissions

2020

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“…The sample countries from both developed and emerging markets are selected based on the kilometres; gross domestic product per capita (GDPPC) is measured in constant 2005 US dollars; energy efficiency (EE) is an indication of how much energy is used to produce one unit of economic output; stock market capitalization per capita (SMPC) is the total market capitalization divided by the total population of the country, in constant US dollars; and finally, the total value of shares traded per capita (STPC) is measured as total stocks traded divided by the total population of the country, in constant US dollars. 2 By following a number of previous studies (Alam et al, 2017;Bhattacharya et al, 2016Bhattacharya et al, , 2017, we convert all of these variables into natural logarithms before the estimation begin as the estimated coefficients can be treated as the elasticities. The WDI provides data in current prices for market capitalization and stocks traded.…”

Section: Datamentioning

confidence: 99%

The role of stock markets on environmental degradation: A comparative study of developed and emerging market economies across the globe

Paramati

Alam

Apergis

2018

Emerging Markets Review

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“…On the other hand, China should continue to take building a resource-saving and environmentally friendly society as a strategic task and pay more attention to saving energy in the household and transportation sectors [53]. Besides, considering the significance of increasing environmental concerns due to the higher share of fossil fuel in total energy-mix around the world and China [54,55], renewable energy generation and consumption should be encouraged in China. In such cases, the financial markets will play a vital role on diverting considerable levels of investments into renewable energy projects, and the success of renewable energy projects will also depend on the institutional backup [56,57].…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Trans-Provincial Convergence of per Capita Energy Consumption in Urban China, 1990–2015

Bao

Wang

2019

Sustainability

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Recognizing the change in regulation of energy consumption may help China to control total energy consumption and realize sustainable development during rapid urbanization and industrialization. This paper re-examined the trans-provincial convergence of per capita energy consumption from 1990–2015 using five different kinds of methods for 30 Chinese provinces. Results show that per capita energy consumption across Chinese provinces was convergent. However, the results obtained by different methods were slightly different. First, it shows a weak beta-unconditional convergence during the entire period, as well as a significant beta-unconditional and conditional piecewise convergence from 1990–2000 and 2001–2015. Second, it shows a significant sigma-convergence indicated by a marked decrease in the standard deviation of logarithm (SDlog) and the coefficient of variation (CV). Third, the kernel density curve became narrower during 1990–2015, indicating that the per capita energy consumption of each Chinese province converged to a common equilibrium level, which was about 80% of the national average. Fourth, the intra-distributional mobility index implied a weak gamma-convergence. Fifth, the first difference of DF (Dickey-Fuller), ADF (Augmented Dickey-Fuller), and PP (Phillips-Perron) unit-root tests all suggested a stochastic convergence. On the whole, the results from this paper contribute to a more in-depth understanding of the status quo of per capita energy consumption in China, as well as a meaningful implication for differentiated energy policies and sustainable development strategies.

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The dynamic impact of renewable energy and institutions on economic output and CO 2 emissions across regions

Cited by 598 publications

References 51 publications

The Causality between Participation in GVCs, Renewable Energy Consumption and CO2 Emissions

The Causality between Participation in GVCs, Renewable Energy Consumption and CO2 Emissions

The role of stock markets on environmental degradation: A comparative study of developed and emerging market economies across the globe

Trans-Provincial Convergence of per Capita Energy Consumption in Urban China, 1990–2015

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