The energy consumption-environmental quality nexus in BRICS countries: the role of outward foreign direct investment

Mohanty, Saileja; Sethi, Narayan

doi:10.1007/s11356-021-17180-4

Cited by 43 publications

(21 citation statements)

References 137 publications

(154 reference statements)

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“…Currently, many countries encourage green foreign direct investment with a focus on reducing environmental degradation associated with industrial production and promoting economic growth. Most countries are now encouraging green FDI, which focuses on economic growth while reducing the environmental emissions associated with industrial production (Mohanty & Sethi, 2022;. However, encouraging FDI inflows can also contribute to the hypothesis of pollution havens (PHHs) by stimulating carbon emissions (Singhania & Saini, 2021;Luo et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Yang

Yin

et al. 2023

Front. Environ. Sci.

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This study applies the augmented mean group (AMG) estimation technique to investigate whether institutional quality and FDI contribute to economic growth and environmental quality in emerging Asian oil-producing and non-oil-producing countries during the period 1975–2020. The estimation of AMG strategy indicates that for every 1% increase in FDI, institutional quality and carbon emissions can significantly boost economic growth by 0.882%, 0.659%, and 0.605%, respectively. Likewise, trade liberalization, transport infrastructure and urbanization can significantly boost economic growth. Long-term variable elasticity coefficients based on carbon emissions model suggest that FDI can stimulate carbon emissions, thereby validating the Pollution Heaven Hypothesis (PHH) in selected panel of countries. Institutional quality has a significant negative impact on carbon emissions, while GDP, trade openness, urbanization, and investment in transport infrastructure contribute significantly to carbon dioxide emissions. Country wise estimates of the AMG strategy show that the institutional quality of oil-producing countries has no significant impact on economic growth, but does boost economic growth in non-oil producing countries. The quality of institutions in both non-oil and oil-producing countries can significantly reduce carbon emissions. FDI stimulates economic growth in oil-producing countries compared to non-oil-producing countries. However, FDI contributes significantly to both oil and non-oil-producing CO2 emissions, thus validating PHH. Controlling factors such as economic growth increase significantly to CO2 emissions in oil-producing countries, while, CO2 emissions from petro-states stimulate more to economic growth than non-petroleum states. The impact of trade liberalization on economic growth is significantly positive in both oil and non-oil-producing countries, but the contribution of non-oil-producing economies is higher than that of oil-producing countries. Compared with non-oil producing countries, trade liberalization in oil-producing countries contributes more to carbon emissions. Investment in transportation infrastructure significantly boosted economic growth in both oil and non-oil producing countries, but oil producing countries contributed more than non-oil producing countries. A range of policy proposals were discussed to achieve economic and environmental sustainability.

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Section: Introductionmentioning

confidence: 99%

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Yang

Yin

et al. 2023

Front. Environ. Sci.

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“…, 2021; Danish et al. , 2019; Mohanty and Sethi, 2021; Cheng et al. , 2019) also identified a heterogeneous relationship between natural resource depletion and CO 2 emissions.…”

Section: Introductionmentioning

confidence: 94%

“…, 2020; Mitic et al. , 2020; Zou and Zhang, 2020; Destek and Okumus, 2019; Mohanty and Sethi, 2021; Leitao et al. , 2021; Wang et al.…”

Section: Literature Reviewmentioning

confidence: 99%

“…resource depletion is because of enormous population growth and economic growth, which causes unadorned environmental issues (Bergesen et al, 2017;Hussain et al, 2020). Several studies including (Leitão et al, 2021;Danish et al, 2019;Mohanty and Sethi, 2021;Cheng et al, 2019) also identified a heterogeneous relationship between natural resource depletion and CO 2 emissions. Carbon dioxide emissions from industry mainly come from fossil fuel burning for production energy and CO 2 emissions from specific chemical reactions needed to produce raw materials.…”

Section: Analyzing the Causal Nexusmentioning

confidence: 99%

“…The nexus between environmental pollution and its determinants has been widely investigated by scholars in the recent past. There are several factors that determine the progression of CO 2 emissions, such as population, economic growth, energy intensity, energy use, natural resource depletion, industry, urbanization, remittances inflows, foreign direct investment, institutional quality, trade and human capital, trade openness, technology, services, international trade, monetary policy and so on (Sadorsky, 2014;Azam et al, 2016;Chikaraishi et al, 2015;Kasperowiscz, 2015;Liddle, 2015;Rafiq et al, 2016;Aye and Edoja, 2017;Yeh and Liao, 2017;Wang et al, 2017;Acheampong, 2018;Mardani et al, 2018;Zaidi et al, 2018;Ribeiro et al, 2019;Rehman et al, 2019;Brown et al, 2020;Khan et al, 2020a, b;Long, 2020;Hussain et al, 2020;Mitic et al, 2020;Zou and Zhang, 2020;Destek and Okumus, 2019;Mohanty and Sethi, 2021;Leitao et al, 2021;Wang et al, 2021;Asif et al, 2021). From the literature it is noted that several studies examine the positive relation between CO 2 emissions, population, energy use, economic growth, remittances inflows, natural resources depletion, urbanization and industries (van Beek et al, 2010;Sadorsky, 2014;Begum et al, 2015;Saidi and Hammami, 2015;Adewuyi and Awodumi, 2016;Bento and Moutinho, 2016;Rafiq et al, 2016;Bergesen et al, 2017;Ito, 2017;Yeh and Liao, 2017;Wang et a...…”

Section: Literature Reviewmentioning

confidence: 99%

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Analyzing the causal nexus between CO₂ emissions and its determinants in India: evidences from ARDL and EKC approach

Itoo

Ali²

2022

MEQ

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PurposeThe present study is a novel attempt to measure the impact of population growth, natural resource depletion, non-renewable energy consumption, growth of national income, remittances inflow and industrial output on carbon dioxide emissions in India during the period of 1980–2018.Design/methodology/approachAutoregressive distributive lag (ARDL) is used to achieve the objective. The application of FMOLS (fully modified ordinary least squares), DOLS (dynamic ordinary least squares) and CCR (canonical cointegrating regression) techniques illustrate statistical robustness.FindingsThe long-run ARDL results confirm that increase in population, national income and energy consumption have a positive and significant impact on pollution levels in India. In contradiction to this, long run results further reveal that the increase in natural resource depletion, industrial output and remittances inflow have insignificant and negative impact on pollution levels in India. Further, the empirical findings did not find any evidence for the applicability of the environmental Kuznets curve (EKC) in India during the study period.Research limitations/implicationsThe study is confined to only a few important determinants of CO2 emissions in India. However, there is a large chunk of studies that have incorporated other determinants of CO2 emissions. Specifying a few determinants of CO2 emissions in India is itself a lacuna in the present study. Moreover, taking the time period from 1980 to 2018 is also one of the limitations of the study.Practical implicationsPlenty of research has been devoted to the causal relationship between the environment and its various determinants. However, not much attention has been paid to investigating the association between population growth, natural resource depletion, energy consumption, GDP per capita, remittances inflow, industry and carbon dioxide emissions in India. Since, CO2 emissions are one of the widely accepted and applied emissions in EKC applications, which the present study intends to test. Moreover, the study employs advanced econometric techniques including ARDL framework, FMOLS, DOLS and CRR methodologies to achieve robust results. Such an investigation will potentially allow policymakers to frame efficient environmental and fiscal policies to achieve the desired results.Originality/valueThe continuous increase of CO2 emissions in India has compelled policy makers to prioritize this issue as soon as possible and formulate national environmental policy for reducing the share of carbon dioxides emissions in climate change. The study could constitute the focus of future research.

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Decoupling the role of renewable energy, green finance and political stability in achieving the sustainable development goal 13: Empirical insight from emerging economies

Behera

Sethi

2023

Sustainable Development

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The quest for attaining ‘sustainable development goals (SDGs)’, especially ‘SDG‐13’, which addresses the policy towards lessening the risk of climate change, is impossible without abating CO2 emissions, which are a major contributor to climate change globally. Thus, this study inspects the decisive role played by renewable energy use, green finance, and political stability in achieving SDG‐13 by abating CO2 emissions for 14 emerging economies from 1990 to 2021. We have used the cross‐sectional autoregressive distributed lag and method of moments quantile regression estimators to analyse the impact of explanatory variables on the dependent variable, considering the probable endogeneity issue in the model. The outcome of the study signifies that renewable energy consumption and green finance substantially reduce CO2 emissions, whereas political stability is observed to have a positive impact on CO2 emissions. Moreover, the moderation effect of political stability and green finance is found to substantially reducing carbon emissions. This study thus suggests that emerging economies need a stronger political system to promote green financing and renewable energy consumption to attain SDGs by addressing climate change policy.

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The energy consumption-environmental quality nexus in BRICS countries: the role of outward foreign direct investment

Cited by 43 publications

References 137 publications

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Analyzing the causal nexus between CO₂ emissions and its determinants in India: evidences from ARDL and EKC approach

Decoupling the role of renewable energy, green finance and political stability in achieving the sustainable development goal 13: Empirical insight from emerging economies

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The energy consumption-environmental quality nexus in BRICS countries: the role of outward foreign direct investment

Cited by 43 publications

References 137 publications

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

RETRACTED: An empirical analysis of FDI and institutional quality on environmental quality and economic growth, evidence from the panel of asian oil-producing and non-oil-producing economies

Analyzing the causal nexus between CO2 emissions and its determinants in India: evidences from ARDL and EKC approach

Decoupling the role of renewable energy, green finance and political stability in achieving the sustainable development goal 13: Empirical insight from emerging economies

Contact Info

Product

Resources

About

Analyzing the causal nexus between CO₂ emissions and its determinants in India: evidences from ARDL and EKC approach