Displaying publications 21 - 40 of 258 in total

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  1. Fulltext Does financial inclusion and information communication technology affect environmental degradation in oil-producing countries?
    Alam I, Shichang L, Muneer S, Alshammary KM, Zia Ur Rehman M
    PLoS One, 2024;19(3):e0298545.
    PMID: 38507420 DOI: 10.1371/journal.pone.0298545
    Advances in financial inclusions have contributed to economic growth and poverty alleviation, addressing environmental implications and implementing measures to mitigate climate change. Financial inclusions force advanced countries to progress their policies in a manner that does not hinder developing countries' current and future development. Consequently, this research examined the asymmetric effects of information and communication technology (ICT), financial inclusion, consumption of primary energy, employment to population ratio, and human development index on CO2 emissions in oil-producing countries (UAE, Nigeria, Russia, Saudi Arabia, Norway, Kazakhstan, Kuwait, Iraq, USA, and Canada). The study utilizes annual panel data spanning from 1990 to 2021. In addition, this study investigates the validity of the Environmental Kuznets Curve (EKC) trend on the entire sample, taking into account the effects of energy consumption and population to investigate the impact of financial inclusion on environmental degradation. The study used quantile regression, FMOLS, and FE-OLS techniques. Preliminary outcomes revealed that the data did not follow a normal distribution, emphasizing the need to use quantile regression (QR). This technique can effectively detect outliers, data non-normality, and structural changes. The outcomes from the quantile regression analysis indicate that ICT consistently reduces CO2 emissions in all quantiles (ranging from the 1st to the 9th quantile). In the same way, financial inclusion, and employment to population ratio constrains CO2 emissions across each quantile. On the other side, primary energy consumption and Human development index were found to increase CO2 emissions in each quantile (1st to 9th). The findings of this research have implications for both the academic and policy domains. By unraveling the intricate interplay between financial inclusion, ICT, and environmental degradation in oil-producing nations, the study contributes to a nuanced understanding of sustainable development challenges. Ultimately, the research aims to guide the formulation of targeted policies that leverage financial inclusion and technology to foster environmentally responsible economic growth in oil-dependent economies.
    Matched MeSH terms: Economic Development
  2. Fulltext Dynamics of fractional order nonlinear system: A realistic perception with neutrosophic fuzzy number and Allee effect
    Alam Khan N, Abdul Razzaq O, Riaz F, Ahmadian A, Senu N
    J Adv Res, 2021 09;32:109-118.
    PMID: 34484830 DOI: 10.1016/j.jare.2020.11.015
    Introduction: The fusion of fractional order differential equations and fuzzy numbers has been widely used in modelling different engineering and applied sciences problems. In addition to these, the Allee effect, which is of high importance in field of biology and ecology, has also shown great contribution among other fields of sciences to study the correlation between density and the mean fitness of the subject.

    Objectives: The present paper is intended to measure uncertain dynamics of an economy by restructuring the Cobb-Douglas paradigm of the renowned Solow-Swan model. The purpose of study is further boosted innovatively by subsuming the perception of logistic growth with Allee effect in the dynamics of physical capital and labor force.

    Methods: Fractional order derivative and neutrosophic fuzzy (NF) theory are applied on the parameters of the Cobb-Douglas equation. Distinctively, cogitating fractional order derivative to study the change at each fractional stage; single-valued triangular neutrosophic fuzzy numbers (SVTNFN) to cope the uncertain situations; logistic growth function with Allee effect to analyze the factors in natural way, are the significant and novel features of this endeavor.

    Results: The incorporation of the aforementioned theories and effects in the Cobb-Douglas equation, resulted in producing maximum sustainable capital investment and maximum capacity of labor force. The solutions in intervals located different possible solutions for different membership degrees, which accumulated the uncertain circumstances of a country.

    Conclusion: Explicitly, these notions add new facts and figures not only in the dynamical study of capital and labor, which has been overlooked in classical models, but also left the door open for discussion and implementation on classical models of different fields.

    Matched MeSH terms: Economic Development*
  3. Fulltext Emerging challenges for sustainable development and forest conservation in Sarawak, Borneo
    Alamgir M, Campbell MJ, Sloan S, Engert J, Word J, Laurance WF
    PLoS One, 2020;15(3):e0229614.
    PMID: 32126070 DOI: 10.1371/journal.pone.0229614
    The forests of Borneo-the third largest island on the planet-sustain some of the highest biodiversity and carbon storage in the world. The forests also provide vital ecosystem services and livelihood support for millions of people in the region, including many indigenous communities. The Pan-Borneo Highway and several hydroelectric dams are planned or already under construction in Sarawak, a Malaysian state comprising part of the Borneo. This development seeks to enhance economic growth and regional connectivity, support community access to services, and promote industrial development. However, the implications of the development of highway and dams for forest integrity, biodiversity and ecosystem services remained largely unreported. We assessed these development projects using fine-scale biophysical and environmental data and found several environmental and socioeconomic risks associated with the projects. The highway and hydroelectric dam projects will impact 32 protected areas including numerous key habitats of threatened species such as the proboscis monkey (Nasalis larvatus), Sarawak surili (Presbytis chrysomelas), Bornean orangutans (Pongo pygmaeus) and tufted ground squirrel (Rheithrosciurus macrotis). Under its slated development trajectory, the local and trans-national forest connectivity between Malaysian Borneo and Indonesian Borneo would also be substantially diminished. Nearly ~161 km of the Pan-Borneo Highway in Sarawak will traverse forested landscapes and ~55 km will traverse carbon-rich peatlands. The 13 hydroelectric dam projects will collectively impact ~1.7 million ha of forest in Sarawak. The consequences of planned highway and hydroelectric dams construction will increase the carbon footprint of development in the region. Moreover, many new road segments and hydroelectric dams would be built on steep slopes in high-rainfall zones and forested areas, increasing both construction and ongoing maintenance costs. The projects would also alter livelihood activities of downstream communities, risking their long-term sustainability. Overall, our findings identify major economic, social and environmental risks for several planned road segments in Sarawak-such as those between Telok Melano and Kuching; Sibu and Bintulu; and in the Lambir, Limbang and Lawas regions-and dam projects-such as Tutoh, Limbang, Lawas, Baram, Linau, Ulu Air and Baleh dams. Such projects need to be reviewed to ensure they reflect Borneo's unique environmental and forest ecosystem values, the aspirations of local communities and long-term sustainability of the projects rather than being assessed solely on their short-term economic returns.
    Matched MeSH terms: Economic Development
  4. Urbanization and carbon dioxide emissions in Singapore: evidence from the ARDL approach
    Ali HS, Abdul-Rahim AS, Ribadu MB
    Environ Sci Pollut Res Int, 2017 Jan;24(2):1967-1974.
    PMID: 27798805 DOI: 10.1007/s11356-016-7935-z
    The main aim of this article is to examine empirically the impact of urbanization on carbon dioxide emissions in Singapore from 1970 to 2015. The autoregressive distributed lags (ARDL) approach is applied within the analysis. The main finding reveals a negative and significant impact of urbanization on carbon emissions in Singapore, which means that urban development in Singapore is not a barrier to the improvement of environmental quality. Thus, urbanization enhances environmental quality by reducing carbon emissions in the sample country. The result also highlighted that economic growth has a positive and significant impact on carbon emissions, which suggests that economic growth reduces environmental quality through its direct effect of increasing carbon emissions in the country. Despite the high level of urbanization in Singapore, which shows that 100 % of the populace is living in the urban center, it does not lead to more environmental degradation. Hence, urbanization will not be considered an obstacle when initiating policies that will be used to reduce environmental degradation in the country. Policy makers should consider the country's level of economic growth instead of urbanization when formulating policies to reduce environmental degradation, due to its direct impact on increasing carbon dioxide emissions.
    Matched MeSH terms: Economic Development
  5. Dynamic impact of urbanization, economic growth, energy consumption, and trade openness on CO 2 emissions in Nigeria
    Ali HS, Law SH, Zannah TI
    Environ Sci Pollut Res Int, 2016 Jun;23(12):12435-43.
    PMID: 26983914 DOI: 10.1007/s11356-016-6437-3
    The objective of this paper is to examine the dynamic impact of urbanization, economic growth, energy consumption, and trade openness on CO 2 emissions in Nigeria based on autoregressive distributed lags (ARDL) approach for the period of 1971-2011. The result shows that variables were cointegrated as null hypothesis was rejected at 1 % level of significance. The coefficients of long-run result reveal that urbanization does not have any significant impact on CO 2 emissions in Nigeria, economic growth, and energy consumption has a positive and significant impact on CO 2 emissions. However, trade openness has negative and significant impact on CO 2 emissions. Consumption of energy is among the main determinant of CO 2 emissions which is directly linked to the level of income. Despite the high level of urbanization in the country, consumption of energy still remains low due to lower income of the majority populace and this might be among the reasons why urbanization does not influence emissions of CO 2 in the country. Initiating more open economy policies will be welcoming in the Nigerian economy as the openness leads to the reduction of pollutants from the environment particularly CO 2 emissions which is the major gases that deteriorate physical environment.
    Matched MeSH terms: Economic Development*
  6. Trade-environment nexus in OIC countries: fresh insights from environmental Kuznets curve using GHG emissions and ecological footprint
    Ali S, Yusop Z, Kaliappan SR, Chin L
    Environ Sci Pollut Res Int, 2021 Jan;28(4):4531-4548.
    PMID: 32944853 DOI: 10.1007/s11356-020-10845-6
    Being closely correlated with income and economic growth, trade openness impacts the environmental quality through different means. The study analyzes the robustness of the environmental Kuznets curve (EKC) hypothesis in OIC countries by examining the extent to which trade openness influence environmental quality through different environmental indicators for the period 1991 to 2018. A new methodology dynamic common correlated effects (DCCE) is applied to resolve the issue of cross-sectional dependence (CSD). We have used greenhouse gas (GHG) emissions, carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O) along with ecological footprint as indicators of environmental quality. Results of DCCE estimation identify a negative association of trade openness with CO2, N2O, and CH4, while the positive relationship with the ecological footprint in overall OIC countries and higher income OIC countries. On the other hand, trade openness has a positive association with all environmental indicators in lower income OIC countries. Our findings confirm that inverted-U-shaped EKC exists in all groups of OIC countries when CO2, CH4, and ecological footprint are used as environmental indicators. However, a U-shaped EKC exists in overall OIC countries and lower income OIC countries when N2O is used. Eventually, it is recommended that if OIC countries continue trade openness policies and energy sector reforms and maintain sustainable use of biocapacity; then, they will be able to combat environmental issues with the increase in income.
    Matched MeSH terms: Economic Development
  7. Dynamic common correlated effects of trade openness, FDI, and institutional performance on environmental quality: evidence from OIC countries
    Ali S, Yusop Z, Kaliappan SR, Chin L
    Environ Sci Pollut Res Int, 2020 Apr;27(11):11671-11682.
    PMID: 31970640 DOI: 10.1007/s11356-020-07768-7
    The study aims to address the dynamic common correlated effects of trade openness, FDI, and institutional performance on environmental quality in OIC countries. Mostly, pollutants like CO2 and SO2 emissions are considered as the environmental indicators. However, for this study, we have selected ecological footprint as the indicator of environmental quality. The new econometric approach Dynamic Common Correlated Effects (DCCE) by Chudik and Pesaran (2015) has been used to measure the cross-sectional dependence among cross-sectional units. Results confirm that previous techniques for long panel data, like MG and PMG, give ambiguous outcomes in the presence of cross-sectional dependence. According to DCCE estimation, trade openness, FDI, and urbanization have a positive and significant relationship with ecological footprint while a significant and negative association is found between institutional performance and ecological footprint. The OIC countries must encourage green technology, clean production, and improved institutions for sustainable development and better environmental quality.
    Matched MeSH terms: Economic Development*
  8. The dynamic relationship between structural change and CO2 emissions in Malaysia: a cointegrating approach
    Ali W, Abdullah A, Azam M
    Environ Sci Pollut Res Int, 2017 May;24(14):12723-12739.
    PMID: 28378312 DOI: 10.1007/s11356-017-8888-6
    The current study investigates the dynamic relationship between structural changes, real GDP per capita, energy consumption, trade openness, population density, and carbon dioxide (CO2) emissions within the EKC framework over a period 1971-2013. The study used the autoregressive distributed lagged (ARDL) approach to investigate the long-run relationship between the selected variables. The study also employed the dynamic ordinary least squared (DOLS) technique to obtain the robust long-run estimates. Moreover, the causal relationship between the variables is explored using the VECM Granger causality test. Empirical results reveal a negative relationship between structural change and CO2 emissions in the long run. The results indicate a positive relationship between energy consumption, trade openness, and CO2 emissions. The study applied the turning point formula of Itkonen (2012) rather than the conventional formula of the turning point. The empirical estimates of the study do not support the presence of the EKC relationship between income and CO2 emissions. The Granger causality test indicates the presence of long-run bidirectional causality between energy consumption, structural change, and CO2 emissions in the long run. Economic growth, openness to trade, and population density unidirectionally cause CO2 emissions. These results suggest that the government should focus more on information-based services rather than energy-intensive manufacturing activities. The feedback relationship between energy consumption and CO2 emissions suggests that there is an ominous need to refurbish the energy-related policy reforms to ensure the installations of some energy-efficient modern technologies.
    Matched MeSH terms: Economic Development*
  9. Stochastic convergence of ecological footprint: new insights from a unit root test based on smooth transitions and nonlinear adjustment
    Alper AE, Alper FO, Cil AB, Iscan E, Eren AA
    Environ Sci Pollut Res Int, 2023 Feb;30(8):22100-22114.
    PMID: 36282394 DOI: 10.1007/s11356-022-23763-6
    The ecological footprint has currently become a highly popular environmental performance indicator. It provides the basis for setting goals, identifying options for action, and tracking progress toward stated goals. Because the examination of the existence of convergence is important for the climate change protection of the earth, the convergence of ecological footprint and its subcomponents are a major concern for scholars and policymakers. To this end, this study aims to investigate the stochastic convergence of ecological footprint and its subcomponents. We employ the recently developed Hepsag (2021) unit root test that allows nonlinearity and smooth structural change simultaneously to study stochastic convergence in per-capita ecological footprint over the period 1961-2018 for the most polluting countries. The results provide mixed evidence of the presence of stochastic convergence in conventional unit root tests such as ADF, KPSS and Fourier KPSS. According to the Hepsag (2021) unit root test results for all countries, built-up land footprint converges except Australia, Malaysia, Poland, and Turkey. Carbon footprint converges for Indonesia, Malaysia, Mexico, South Africa, Thailand, Turkey, the UK, and the USA. Cropland footprint converges for Australia, Canada, China, France, Indonesia, Italy, Japan, Korea, Malaysia, Mexico, Poland, South Africa, the UK, and Vietnam. Fishing grounds footprint converges in Brazil, France, Germany, Indonesia, Italy, Mexico, South Africa, and Vietnam. Forest product footprint converges in Australia, Canada, France, Germany, India, Korea, Mexico, Poland, Turkey, and Vietnam. Grazing land footprint converges in Canada, France, India, Indonesia, Japan, Korea, Poland, South Africa, Thailand, and Vietnam. And lastly, the total ecological footprint converges in Canada, France, Korea, Malaysia, Mexico, South Africa, the UK, and the USA.
    Matched MeSH terms: Economic Development*
  10. Unveiling the impacts of geothermal energy growth on food security in EU27 region: an empirical analysis
    Alsaleh M, Abdul-Rahim AS
    Environ Sci Pollut Res Int, 2023 Feb;30(9):24654-24671.
    PMID: 36346515 DOI: 10.1007/s11356-022-23769-0
    There are many advantages of geothermal energy, as an environmental friend resource. This heat radiation emanating from beneath the earth's surface presents man with good opportunities to harness it and makes a good level of agricultural food production and its processing in the EU region. The primary objective of this research is to examine the impact of geothermal energy on agri-food supply among the 27 European countries (EU27), within the time frame 1990 to 2021. The study adopted the autoregressive distributed lag (ARDL), and the findings from this study revealed that agri-food supply can increase significantly among the 13 European countries (EU13 emerging economies), leveraging on geothermal energy and economic growth variables than in the EU14 emerged economies. Furthermore, the outcome of this study showed that there could be a significant decrease in the food products coming from agricultural practices among the 13 European countries (EU13 emerging economies), due to an ineffective population density than in EU14 emerged economies. Furthermore, fossil fuel and institutional quality contribute more positively to the agri-food supply in the EU14 emerged economies than in the EU13 emerging economies. This results in an outcome that means that the agri-food supply among the EU13 emerging economies could be greatly boosted by replacing fossil fuel consumption with geothermal energy, and this facilitates the attainment of the European energy goals by the year 2030. Substituting fossil fuels with geothermal will also assist in minimizing the risks of environmental pollution and climate change. All projected calculations were seen as valid in this study, and this was confirmed by the three estimators adopted which are the pooled mean group, the mean group, and the dynamic fixed effect. This study, therefore, recommends that the 27 European countries should lay more emphasis on geothermal energy production as this will help in ensuring food security in the region. Policymakers and other government authorities as well as local and foreign investors should make more investments in geothermal energy resources as this study has proven that this will lead to agri-food security and sustainability. Not only this, it will as well curb the incidence of climate change and environmental pollution.
    Matched MeSH terms: Economic Development
  11. Does hydropower production influence agriculture industry growth to achieve sustainable development in the EU economies?
    Alsaleh M, Abdul-Rahim AS
    Environ Sci Pollut Res Int, 2023 Jan;30(5):12825-12843.
    PMID: 36114960 DOI: 10.1007/s11356-022-22583-y
    There are many advantages of the hydropower industry, as an environmentally friendly resource, and also some challenges that need to be overcome to fully exploit this sustainable and renewable natural resource. The primary objective of this study is to find out the impact of hydropower factors and economic growth on the agriculture industry output among the EU27 nations within the time factor 1990 to 2021. Adopting the autoregressive distributed lag (ARDL), the findings show a significant positive effect could occur in agriculture industry growth of the European Union (EU13)-emerging economies using hydropower factors than in EU14-emerged economies. On one hand, among additional factors, economic growth and institutional quality contribute more positively to agriculture growth in EU13 economies than in EU14 economies. On the other hand, population density contributes more negatively to agriculture growth in EU13 economies than in EU14 economies. The findings show there can be a positive significant growth increase in the EU13 agriculture industry using fossil fuel output than in EU14 economies. The results show that growth could be sustained in the agricultural industry of the European nations by increasing the level of hydropower production as this will help in attaining sustainable development by the year 2030. This will therefore help in mitigating the effect of climatic changes due to environmental pollution. The projected calculations were seen to be reliable and valid and this was attested to by the three estimators used in the study (pooled mean group, mean group, and dynamic fixed effect). This study recommended that European nations could leverage hydroelectricity to achieve sustainable growth and development. The legislative arms of the government of these European nations should as well show more interest in green energy to achieve security and sustainable development in hydroelectricity production. Decision-makers in the EU nations should buttress more emphasis on sustainable means through which hydropower could be used to attain sustainable irrigation systems for the agriculture industry and thus minimize the demand for fossil fuels and reduce CO2-related emissions in the future tine ahead.
    Matched MeSH terms: Economic Development
  12. Toward a sustainable environment: nexus between geothermal energy growth and land use change in EU economies
    Alsaleh M, Abdul-Rahim AS
    Environ Sci Pollut Res Int, 2023 Feb;30(9):24223-24241.
    PMID: 36334199 DOI: 10.1007/s11356-022-23377-y
    There are many advantages of geothermal energy as an environmentally friendly resource; however, there are quite a several challenges that need to be overcome to completely harness sustainable and renewable energy that is also natural. The primary aim of this study is to examine what influence geothermal energy will have on land use changes among the considered 27 states in the European Union from the time being 1990 to 2021. The study adopts the auto-regressive distributed lag (ARDL); the findings show that geothermal energy growth could be leveraged to achieve remarkable growth in land use change among the 13 European developing economies than among the 14 EU developed economies. On the other hand, results from analysis further show that a remarkable decrease in land use change could be better attained among the 14 EU developed economies that among the 13 EU developing economies as a result of institutional quality. Furthermore, the result suggests that through economic growth, there could be a remarkable increase in land use change among the 14 EU developed economies than among the 13 EU developing economies. It was further revealed by the study that the level of land use change among the 27 EU nations could be remarkably increased, boosting the level of geothermal energy production that will assist in attaining the aims behind the 2030 energy union. This will eventually help in curbing the incidence of climate change and pollution in the environment; the projected calculations are observed to be valid, as confirmed through the chosen three estimators for this research. The chosen estimators are the pooled mean group, mean group, and dynamic fixed effect. The regulations and governors in 27 European Union countries should give priority to using geothermal in their renewable energy mix to reduce the incidence of changes in land structures. Also, an increased level of efficiency and effectiveness should be made to the generation of geothermal energy by state actors and investors to prompt sustainability and attainability with no further depreciation in agricultural and forest natural states.
    Matched MeSH terms: Economic Development
  13. The role of technology innovation and people's connectivity in testing environmental Kuznets curve and pollution heaven hypotheses across the Belt and Road host countries: new evidence from Method of Moments Quantile Regression
    An H, Razzaq A, Haseeb M, Mihardjo LWW
    Environ Sci Pollut Res Int, 2021 Feb;28(5):5254-5270.
    PMID: 32960444 DOI: 10.1007/s11356-020-10775-3
    The Belt and Road Initiative (BRI) is closely linked to the ecological sustainability of the infrastructure ventures that intrinsically include the aspects of climate change and pollution. Though there exists literature on the environmental Kuznets curve (EKC) and pollution haven hypothesis (PHH), very few explore the scope in the light of Belt and Road host countries (B&RCs). Therefore, the study examines the income-induced EKC and Chinese outward foreign direct investment (FDI)-based PHH in the multivariate framework of people's connectivity and technology innovation in B&RCs from 2003 to 2018. The outcome of the study reveals that the observed relationship is quantile-dependent, which may disclose misleading results in previous studies using traditional methodologies that address the averages. Utilizing the novel "Method of Moments Quantile Regression (MMQR)" of Machado and Silva (J Econom 213:145-173, 2019), the findings confirm an inverted U-shape association between economic growth and CO2 emissions only at lower to medium emission countries, thus validating the EKC hypothesis. The Chinese outward FDI flows increase carbon emissions at medium to high emission countries, thereby confirming PHH. The findings also indicate that people's connectivity contributes to increasing emissions while innovation mitigates carbon emissions at lower to medium polluted countries. Moreover, the outcomes of Granger causality confirm one-way causality between economic growth and CO2 emissions, between FDI and CO2 emissions, between people's connectivity and CO2 emissions, and between innovation and CO2 emissions. The results offer valuable insight for legislators to counteract CO2 emissions in B&RCs through innovation-led energy conservation in infrastructure projects while adopting green and sustainable financing mechanisms to materialize mega construction projects under the BRI.
    Matched MeSH terms: Economic Development*
  14. Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth
    Anser MK, Usman M, Godil DI, Shabbir MS, Sharif A, Tabash MI, et al.
    Environ Sci Pollut Res Int, 2021 Oct;28(37):51105-51118.
    PMID: 33974204 DOI: 10.1007/s11356-021-14243-4
    This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries to promote the green economy and environment. This study also finds causal association between energy growth and nexus of CO2 emissions and employed the premises of the EKC framework. The study used annual time series analysis, starting from 1985 to 2019. The data set has been collected from the World Development Indicator (WDI). The result of a fully modified ordinary least square (FMOLS) method describes a significantly worse quality environment in the South Asian region. The individual country as Bangladesh shows a positively significant impact on the CO2 emissions and destroys the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth levels (GDP) and square of GDP confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use.
    Matched MeSH terms: Economic Development*
  15. Fulltext Nonlinearity in the relationship between COVID-19 cases and carbon damages: controlling financial development, green energy, and R&D expenditures for shared prosperity
    Anser MK, Godil DI, Khan MA, Nassani AA, Askar SE, Zaman K, et al.
    Environ Sci Pollut Res Int, 2022 Jan;29(4):5648-5660.
    PMID: 34424465 DOI: 10.1007/s11356-021-15978-w
    The world faces a high alert of coronavirus disease 2019 (COVID-19), leading to a million deaths and could become infected to reach a billion numbers. A sizeable amount of scholarly work has been available on different aspects of social-economic and environmental factors. At the same time, many of these studies found the linear (direct) causation between the stated factors. In many cases, the direct relationship is not apparent. The world is unsure about the possible determining factors of the COVID-19 pandemic, which need to be known through conducting nonlinearity (indirect) relationships, which caused the pandemic crisis. The study examined the nonlinear relationship between COVID-19 cases and carbon damages, managing financial development, renewable energy consumption, and innovative capability in a cross section of 65 countries. The results show that inbound foreign direct investment first increases and later decreases because of the increasing coronavirus cases. Further, the rise and fall in the research and development expenditures and population density exhibits increasing coronavirus cases across countries. The continued economic growth initial decreases later increase by adopting standardized operating procedures to contain coronavirus disease. The inter-temporal relationship shows that green energy source and carbon damages would likely influence the coronavirus cases with a variance of 17.127% and 5.440%, respectively, over a time horizon. The policymakers should be carefully designing sustainable healthcare policies, as the cost of carbon emissions leads to severe healthcare issues, which are likely to get exposed to contagious diseases, including COVID-19. The sustainable policy instruments, including renewable fuels in industrial production, advancement in cleaner production technologies, the imposition of carbon taxes on dirty production, and environmental certifications, are a few possible remedies that achieve healthcare sustainability agenda globally.
    Matched MeSH terms: Economic Development
  16. Dynamic connection between inward foreign direct investment, renewable energy, economic growth and carbon emission in China: evidence from partial and multiple wavelet coherence
    Arain H, Sharif A, Akbar B, Younis MY
    Environ Sci Pollut Res Int, 2020 Nov;27(32):40456-40474.
    PMID: 32666445 DOI: 10.1007/s11356-020-08836-8
    This paper presents a fresh understanding of the vigorous connection between inward FDI, renewable energy consumption, economic growth and carbon emission in the Chinese economy employing novel Morlet wavelet analysis. Wavelet correlation, continuous wavelet transform and partial and the multiple wavelet coherence analyses are applied on variables under study for data acquired during the period 1979 to 2017. The outcome of these analyses reveals that the connections among the variables progress over frequency and time. From the frequency domain point of view, the current study discovers noteworthy wavelet coherence and robust lead and lag linkages, although time domain reveals inconsistent associations among the considered variables. The wavelet analysis according to economic point of view supports that inward foreign direct investment (FDI) and renewable energy consumption help to enhance economic condition in Chinese economy. The results also suggested that inward FDI enhances the environmental degradation in medium and long run in China. The results emphasize the significance of having organized strategies by the policymakers to cope with huge environmental degradation occurred for a couple of decades in China.
    Matched MeSH terms: Economic Development*
  17. Does globalization and financial sector development affect environmental quality? A panel data investigation for the Middle East and North African countries
    Awan AM, Azam M, Saeed IU, Bakhtyar B
    Environ Sci Pollut Res Int, 2020 Dec;27(36):45405-45418.
    PMID: 32789804 DOI: 10.1007/s11356-020-10445-4
    The broad purpose of this study is to empirically explore the impact of globalization and financial development on environmental pollution by carbon (CO2) emissions in the six Middle East and North Africa (MENA) countries using balanced panel data from 1971 to 2015. We also aimed to test the legitimacy of the environmental Kuznets curve (EKC) hypothesis for this region. The fixed-effects approach preferred by the Hausman specification test is used to estimate the empirical model, and the feasible generalized least squares (F.G.L.S.) estimator is employed to cope with any issue of heteroscedasticity and serial correlation. This study found that globalization and financial development have adverse and significant effects on environmental degradation and affirm the legitimacy of the EKC hypothesis for these countries. The finding of this study suggests that the governments of MENA countries should design and implement appropriate policies for strengthening the renewable sources of energy like wind, solar, bio-fuel, and thermal to decrease CO2 emissions and boost sustainable economic development. The policymakers should focus on the efficiency of institutions and enhancement of energy-saving projects in this region.
    Matched MeSH terms: Economic Development*
  18. Fulltext Does military spending stifle economic growth? The empirical evidence from non-OECD countries
    Azam M
    Heliyon, 2020 Dec;6(12):e05853.
    PMID: 33426342 DOI: 10.1016/j.heliyon.2020.e05853
    Undeniably, peace and long-term sustainable economic development are the prime agenda of all countries. This study aims to empirically evaluate the impact of military spending on economic growth for a panel of 35 non-OECD countries over 1988-2019. A multivariate regression model based on the augmented production function is used to achieve the objective of the study. The panel autoregressive distributed lag (ARDL)/pooled mean group (PMG) technique is employed, while, in addition the robust least squares and fixed-effect estimators are implemented for the robustness of the results. This study found a clear negative effect of military spending on economic growth. The pairwise Dumitrescu Hurlin panel causality test results exhibit bi-directional causality between military expenses and economic growth. Overall, these estimates provide strong support that military expenditure is not beneficial rather detrimental to economic growth. The empirical findings of this study suggest that policymakers need to redesign the military budget to stimulate economic growth and improve social welfare.
    Matched MeSH terms: Economic Development
  19. Growth-corruption-health triaca and environmental degradation: empirical evidence from Indonesia, Malaysia, and Thailand
    Azam M, Khan AQ
    Environ Sci Pollut Res Int, 2017 Jul;24(19):16407-16417.
    PMID: 28550635 DOI: 10.1007/s11356-017-9299-4
    This study examines the impact of economic growth, corruption, health, and poverty on environmental degradation for three countries from ASEAN, namely Indonesia, Malaysia, and Thailand using annual data over the period of 1994-2014. The relationship between environmental degradation (pollution) by carbon dioxide (CO2) emissions and economic growth is examined along with some other variables, namely health expenditure, poverty, agriculture value added growth, industrial value added growth, and corruption. The ordinary least squares (OLS) method is applied as an analytical technique for parameter estimation. The empirical results reveal that almost all variables are statistically significant at the 5% level of significance, whereby test rejects the null hypotheses of non-cointegration, indicating that all variables play an important role in affecting the environment across countries. Empirical results also indicate that economic growth has significant positive impact, while health expenditures show significantly negative impact on the environment. Corruption has significant positive effect on environment in the case of Malaysia; while in the case of Indonesia and Thailand, it has insignificant results. However, for the individual analysis across countries, the regression estimate suggests that economic growth has a significant positive relationship with environment for Indonesia, while it is found insignificantly negative and positive in the case of Malaysia and Thailand, respectively, during the period under the study. Empirical findings of the study suggest that policy-makers require to make technological-friendly environment sequentially to surmount unregulated pollution, steady population transfers from rural areas to urban areas are also important, and poverty alleviation and better health provision can also help to improve the environment.
    Matched MeSH terms: Economic Development*
  20. The impact of CO2 emissions on economic growth: evidence from selected higher CO2 emissions economies
    Azam M, Khan AQ, Bin Abdullah H, Qureshi ME
    Environ Sci Pollut Res Int, 2016 Apr;23(7):6376-89.
    PMID: 26620862 DOI: 10.1007/s11356-015-5817-4
    The main purpose of this work is to analyze the impact of environmental degradation proxied by CO2 emissions per capita along with some other explanatory variables namely energy use, trade, and human capital on economic growth in selected higher CO2 emissions economies namely China, the USA, India, and Japan. For empirical analysis, annual data over the period spanning between 1971 and 2013 are used. After using relevant and suitable tests for checking data properties, the panel fully modified ordinary least squares (FMOLS) method is employed as an analytical technique for parameter estimation. The panel group FMOLS results reveal that almost all variables are statistically significant, whereby test rejects the null hypotheses of non cointegration, demonstrating that all variables play an important role in affecting the economic growth role across countries. Where two regressors namely CO2 emissions and energy use show significantly negative impacts on economic growth, for trade and human capital, they tend to show the significantly positive impact on economic growth. However, for the individual analysis across countries, the panel estimate suggests that CO2 emissions have a significant positive relationship with economic growth for China, Japan, and the USA, while it is found significantly negative in case of India. The empirical findings of the study suggest that appropriate and prudent policies are required in order to control pollution emerging from areas other than liquefied fuel consumption. The ultimate impact of shrinking pollution will help in supporting sustainable economic growth and maturation as well as largely improve society welfare.
    Matched MeSH terms: Economic Development
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