The importance of renewable energy consumption and FDI inflows in reducing environmental degradation: Bootstrap ARDL bound test in selected 9 countries

2020 ◽  
Vol 264 ◽  
pp. 121663 ◽  
Author(s):  
Abdullah Emre Caglar
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Renewable Energy Consumption ◽  
Fdi Inflows ◽  
Bound Test ◽  
Ardl Bound Test

scholarly journals Exploring the Effects of Economic Complexity and the Transition to a Clean Energy Pattern on Ecological Footprint From the Indian Perspective

2022 ◽  
Vol 9 ◽  
Author(s):  
Xiaowen Wan ◽  
Atif Jahanger ◽  
Muhammad Usman ◽  
Magdalena Radulescu ◽  
Daniel Balsalobre-Lorente ◽  
...  
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Environmental Degradation ◽  
Ecological Footprint ◽  
Dominant Role ◽  
Clean Energy ◽  
Pollution Level ◽  
Renewable Energy Consumption ◽  
Economic Complexity ◽  
Long Run

The study explores the association between economic complexity, globalization, renewable and non-renewable energy consumption on the ecological footprint in the case of India from 1990–2018. The autoregressive distributed lag (ARDL) is applied to measure the long-run elasticity, while the vector error correction model (VECM) is applied to classify the causal path. The empirical findings demonstrate that economic complexity, globalization process, and renewable energy consumption play a dominant role in minimizing environmental degradation. In contrast, economic growth and non-renewable energy consumption are more responsible for increasing the pollution level in both the short and long run. Furthermore, the VECM outcomes disclose that there is long-run causality between ecological footprint and economic complexity. Moreover, the empirical outcomes are robust to various robustness checks performed for analysis to the consistency of our main results. The Indian government/policymakers should encourage a more environmentally friendly production process and eco-friendly technologies in exports to minimize environmental degradation.

Nexus of Renewable Energy Consumption, Economic Growth, Population Growth, FDI, and Environmental Degradation in South Asian Countries: New Evidence from Driscoll-Kraay Standard Error Approach

2021 ◽  
Vol 3 (2) ◽  
pp. 200-211
Author(s):  
Ansar Abbas Shah ◽  
Muhammad Sajjad Hussain ◽  
Muhammad Atif Nawaz ◽  
Mazhar Iqbal
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Population Growth ◽  
South Asian ◽  
Environmental Degradation ◽  
Asian Countries ◽  
Renewable Energy Consumption ◽  
Cross Sectional ◽  
Cross Sectional Dependence

Environmental degradation is the most prominent area nowadays, especially in developing counties where high renewable energy consumption and population growth deteriorate the atmosphere of the country. Thus, the current study investigates the nexus among renewable energy consumption, economic growth (EG), population growth, foreign direct investment (FDI), and environmental degradation in South Asian countries. The covariance matrix estimators that are developed by “Driscoll and Kraay” are used in this study. The primary property of this estimator is that it does not account for the cross-sectional dependence; thus, it provides substantial, robust outcomes among the cross-sectional units while in the presence of cross-sectional dependence. The data was collected from the World Development Indicators (WDI) from 2001 to 2019. The findings exposed that positive nexus among the population growth, FDI, and environmental degradation while renewable energy consumption and EG has negative nexus with environmental degradation and also not supported the EKC hypothesis in South Asian countries. These findings suggested that the regulators should develop policies that reduce environmental degradation in the presence of high EG, energy consumption, FDI, and population growth.

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