The role of globalization in energy consumption: A quantile cointegrating regression approach

Shahbaz, Muhammad; Lahiani, Amine; Abosedra, Salah; Hammoudeh, Shawkat

doi:10.1016/j.eneco.2018.02.009

Cited by 212 publications

(82 citation statements)

References 29 publications

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“…Second, it allows for locational asymmetry between the variables in accordance with the location of the explained variable within its conditional distribution [8]. Finally, the QARDL approach lets the cointegrating coefficients to change over the innovation quantile originated from shocks [9]. Now, from the policymaking perspective, this methodological application complements the policy-level contribution.…”

Section: Introductionmentioning

confidence: 99%

Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach

Sharif

Barış-Tüzemen

Uzuner

et al. 2020

Sustainable Cities and Society

659

169

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The current study re-investigates the impact of renewable and non-renewable energy consumption on Turkey's ecological footprint. This study applies Quantile Autoregressive Lagged (QARDL) approach for the period of 1965Q1-2017Q4. We further apply Granger-causality in Quantiles to check the causal relationship among the variables. The results of QARDL show that error correction parameter is statistically significant with the expected negative sign for all quantiles which confirm an existence of significant reversion to the long-term equilibrium connection between the related variables and ecological footprint in Turkey. In particular, the outcomes suggested that renewable energy decrease ecological footprint in long-run on each quantile. However, the results of economic growth and non-renewable energy impact positively to ecological footprint in long-short run period at all quantiles. Finally, we tested the Environmental Kuznets Curve (EKC) hypothesis and the results of QARDL confirmed the EKC in Turkey. Furthermore, the findings of causal investigation from Granger-causality in quantiles evident the presence of a bi-directional causal relationship between renewable energy consumption, energy consumption and economic growth with ecological footprint in the Turkish economy.

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Section: Introductionmentioning

confidence: 99%

Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach

Sharif

Barış-Tüzemen

Uzuner

et al. 2020

Sustainable Cities and Society

659

169

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“…These factors lead to increase/decrease in the level of carbon emissions contrarily at different stages. In the same vein, Shahbaz, Lahiani, Abosedra, and Hammoudeh (2018) contended that financial and economic factors demonstrate a nonlinear dynamic trend over time, which subsequently guides to an asymmetric and nonlinear interactive relation among them. Katircioglu (2009) suggested utilizing the novel econometric techniques to draw unbiased, consistent, and meaningful results.…”

Section: Introductionmentioning

confidence: 99%

Asymmetric role of tourism development and technology innovation on carbon dioxide emission reduction in the Chinese economy: Fresh insights from QARDL approach

Razzaq

Sharif

Ahmad

et al. 2020

Sustainable Development

195

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This study examines the association between tourism development, technology innovation, and carbon emissions by simultaneously testing Environment Kuznets Curve (EKC) hypothesis in China. The study develops and uses a novel composite index of tourism development and technology innovation. Utilizing quarterly data from 1995Q1 to 2017Q4, the study employs QARDL (Quantile Autoregressive Distributive Lag) approach and Granger causality‐in‐quantiles. The outcome of the study reveals that the observed relationship is quantile‐dependent, which may disclose misleading results in previous studies using traditional linear methodologies (such as OLS/ARDL) that address the averages. Primarily, the findings indicate that tourism development (TOR) and technology innovation (TII) significantly mitigate the level of carbon dioxide emissions (CO2) in the long run at lower‐higher (0.05–0.95) emissions quantiles and higher‐highest (0.7–0.95) emissions quantiles, respectively. Economic growth (GDP) and globalization (GLO) exert a positive asymmetric influence on CO2 only at lower‐medium (0.05–0.40) emissions quantiles and medium‐higher emissions quantiles (0.50–0.95), respectively. In the short run, TII, and GDP2 possess an insignificant impact across all emissions levels, while TOR shows a positive influence on CO2 only at lowest‐lower (0.05–0.20) emissions quantiles. The study confirms the presence of the EKC hypothesis at lower‐higher (0.05–0.70) emissions quantiles in the long run. Moreover, the outcomes of Granger causality in quantiles confirm asymmetric bidirectional quantile causality between TOR, TII, GLO, and CO2, while a unidirectional causality running from GDP to CO2. The results recommend that the Chinese government should implement integrated “tourism‐technology” policies based on the asymmetric emissions‐reduction effects of tourism and technology innovation in the long run.

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“…In this regard, the role of globalization is considered significant in influencing the levels of energy intensity in an economy. The theoretical link between globalization and energy utilization asserts that the rise and decline in energy usage relies on the aggregated effect of numerous significant factors, including globalization [3]. Specifically, it is considered that the increases in global economic production and income levels are connected to globalization, while the elimination of trade barriers seems to expand the levels of energy utilization [3].…”

Section: Introductionmentioning

confidence: 99%

“…The theoretical link between globalization and energy utilization asserts that the rise and decline in energy usage relies on the aggregated effect of numerous significant factors, including globalization [3]. Specifically, it is considered that the increases in global economic production and income levels are connected to globalization, while the elimination of trade barriers seems to expand the levels of energy utilization [3]. In this context, the rise of globalization is perceived to enhance the levels of energy intensity in the economies, generally providing the positive association in the prevailing literature [4][5][6].…”

Section: Introductionmentioning

confidence: 99%

An Investigation of an Adaptive Neuro-Fuzzy Inference System to Predict the Relationship among Energy Intensity, Globalization, and Financial Development in Major ASEAN Economies

et al. 2020

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The enhancement of the financial sector significantly drives a nation’s economy and thereby increase energy intensity. Considering this situation, the current study aims to examine the link between globalization and financial advancements with the energy intensity of the top 5 ASEAN (Association of Southeast Asian Nations) economies. The development structure of the ASEAN region is considered significant for having stable growth. The authors used the annual data from 1990 to 2018 for five of the largest ASEAN economies: Singapore, Malaysia, Thailand, Indonesia, and the Philippines. The present study used novel methodology, the Adaptive Neuro-Fuzzy Inference System (ANFIS), to examine the nonlinear behaviour among globalization, financial development, and energy intensity in the top 5 ASEAN countries. The study results using ANFIS confirm that globalization and financial development are positively correlated and have a significant impact on the energy intensity level in the top ASEAN countries. The results further suggest that globalization and financial development increase the level of energy intensity more in the countries that are developed relative to their peers in the top ASEAN countries. Moreover, the outcomes of ANFIS also suggest that those countries, which are more globalized and financially developed, have more potential to increase the level of energy intensity. Therefore, the government needs to focus more on projects that involve renewable energy and are environmentally friendly.

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The role of globalization in energy consumption: A quantile cointegrating regression approach

Cited by 212 publications

References 29 publications

Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach

Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach

Asymmetric role of tourism development and technology innovation on carbon dioxide emission reduction in the Chinese economy: Fresh insights from QARDL approach

An Investigation of an Adaptive Neuro-Fuzzy Inference System to Predict the Relationship among Energy Intensity, Globalization, and Financial Development in Major ASEAN Economies

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