The Dynamic Nexus Among Energy Diversification and Carbon Emissions in the E7 Economies: Investigating the Moderating Role of Financial Development

Nibedita, Barsha; Irfan, Mohd

doi:10.1080/1540496x.2022.2161817

Cited by 8 publications

(7 citation statements)

References 57 publications

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“…Opoku et al (2022) found that increased human development results in improved environmental sustainability in OECD countries. Further, the negative and significant coefficient of GDP 2 (−0.0966) indicates the validation of the EKC hypothesis (Nibedita & Irfan, 2023; Yang et al, 2021). Moreover, the short‐run relationship between human development and CO 2 emissions does not display the same pattern as in the long term.…”

Section: Resultsmentioning

confidence: 94%

“…Conversely, LI countries tend to experience increased carbon emissions as their economies grow (Marselina & Prasetyo, 2023; Moosa & Burns, 2022). Some economists believe that because of increased incomes brought about by globalization, the environment may be better protected (Fatima et al, 2022; Nibedita & Irfan, 2023; Rehman et al, 2023; Shahbaz et al, 2017). Others contend that globalization might worsen environmental damage by expanding production and consumption, putting more strain on natural resources (Mehmood, 2022; Muhammad & Khan, 2021; Shaari, Abidin, & Karim, 2020).…”

Section: Theoretical Framework Empirical Model Data Sources and Estim...mentioning

confidence: 99%

“…The existing literature recognizes that the effects of industrialization on pollution are more prominent during the initial stages of industrialization, and this effect gradually decreases during the advanced stages (Avenyo & Tregenna, 2022). A few studies have observed the negative impact of industrialization on the environment (Hao, 2022a;Nibedita & Irfan, 2023;Patel & Mehta, 2023;Sumaira Siddique, 2023). Several studies have argued that industrialization is essential for economic growth (Nibedita & Irfan, 2023;Yang et al, 2020).…”

Section: Pollution and Industrializationmentioning

confidence: 99%

“…A few studies have observed the negative impact of industrialization on the environment (Hao, 2022a;Nibedita & Irfan, 2023;Patel & Mehta, 2023;Sumaira Siddique, 2023). Several studies have argued that industrialization is essential for economic growth (Nibedita & Irfan, 2023;Yang et al, 2020). However, Shaheen et al (2019) and Nasir et al (2021) found no impact of industrialization on pollution.…”

Section: Pollution and Industrializationmentioning

confidence: 99%

See 3 more Smart Citations

Unveiling the complexities of sustainable development: An investigation of economic growth, globalization and human development on carbon emissions in 64 countries

Patel,

Kautish,

Shahbaz

2023

Sustainable Development

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To achieve Sustainable Development Goals, countries face the challenge of expanding economic activities while mitigating pollution. Using the panel autoregressive distributed lag and panel non‐linear autoregressive distributed lag approach, this study investigates the effects of globalization, economic development, human development, industrialization, non‐renewable energy, and population density on the carbon emissions (CO2) of 64 countries. This study validates the Environmental Kuznets Curve hypothesis in upper‐ and lower‐middle‐income countries. However, low‐income countries exhibit a U‐shaped relationship, while high‐income countries have successfully mitigated CO2 emissions to some extent. The analysis shows bidirectional causality between CO2 emissions and other variables, except for one‐way causality from globalization to CO2 emissions. Manufacturing in upper‐ and lower‐middle‐income countries depends on conventional energy sources, indicating the need for policies to promote renewable energy sources. The findings have significant policy implications for enhancing environmental sustainability and achieving sustainable economic growth while mitigating CO2 emissions to achieve the SDGs.

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Section: Resultsmentioning

confidence: 94%

Section: Theoretical Framework Empirical Model Data Sources and Estim...mentioning

confidence: 99%

Section: Pollution and Industrializationmentioning

confidence: 99%

Section: Pollution and Industrializationmentioning

confidence: 99%

See 2 more Smart Citations

Unveiling the complexities of sustainable development: An investigation of economic growth, globalization and human development on carbon emissions in 64 countries

Patel,

Kautish,

Shahbaz

2023

Sustainable Development

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“…Violence, slow infrastructure development, and a dynamic innovation landscape cause problems (Shubalyi & Gordiichuk, 2022). Studies show that emerging countries must priorities economic diversification (Nibedita & Irfan, 2024). This study examines Ukraine's post-conflict transition and its unique challenges.…”

Section: Research Problemmentioning

confidence: 99%

Analyzing the Challenges of Diversifying the Future Economy of Ukraine

2024

Futurity Economics&Law

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Ukraine encounters a multitude of obstacles that necessitate resolution in order to enhance its economy. Key factors such as GDP growth, foreign direct investment flows, government efficiency, interest rates, research and development investment, and trade openness have a significant impact on diversification processes. Managing these characteristics can be highly demanding when striving to develop a resilient and diverse economic structure. The analysis illustrates the influence of several economic conditions on Ukraine's diversity from Q1-1996 to Q4-2022. The autoregressive distributed lag (ARDL) method is employed to examine the relationship between series. The ZA unit root test determines the stationarity of data using a mixed order of integration. The Gregory-Hansen and the bound ARDL co-integration tests confirm the presence of co-integration among series. The findings indicate that GDP, RIR, and TO have a detrimental influence on DIV, whereas FDI, GOVEF, and R&D have a notable beneficial impact on it. The short-term data produced comparable results, albeit in smaller amounts. The inclusion of the co-integrating element in the model facilitates the convergence towards a long-term equilibrium state with an annual growth rate of 18.39%. The utilization of the wavelet method is applied for evaluating diversification because it can identify both short-term variations and long-term patterns in non-stationary data. Overall, the research suggests that it is advisable to use thorough and flexible diversification techniques to increase the variety of traded goods and develop a strong institutional framework to minimize the effects of unforeseen disruptions and inefficient resources Ukraine.

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Research on the impact of industrial big data on the collaborative governance of pollution reduction and carbon reduction

Zhang,

Li,

et al. 2024

Clean Techn Environ Policy

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The Dynamic Nexus Among Energy Diversification and Carbon Emissions in the E7 Economies: Investigating the Moderating Role of Financial Development

Cited by 8 publications

References 57 publications

Unveiling the complexities of sustainable development: An investigation of economic growth, globalization and human development on carbon emissions in 64 countries

Unveiling the complexities of sustainable development: An investigation of economic growth, globalization and human development on carbon emissions in 64 countries

Analyzing the Challenges of Diversifying the Future Economy of Ukraine

Research on the impact of industrial big data on the collaborative governance of pollution reduction and carbon reduction

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