This study complements existing literature by examining the nexus between energy consumption (EC), CO₂ emissions (CE), and economic growth (GDP; gross domestic product) in 24 African countries using ...a panel autoregressive distributed lag (ARDL) approach. The following findings are established. First, there is a long-run relationship between EC, CE, and GDP. Second, a long-term effect from CE to GDP and EC is apparent, with reciprocal paths. Third, the error correction mechanisms are consistently stable. However, in cases of disequilibrium, only EC can be significantly adjusted to its long-run relationship. Fourth, there is a long-run causality running from GDP and CE to EC. Fifth, we find causality running from either CE or both CE and EC to GDP, and inverse causal paths are observable. Causality from EC to GDP is not strong, which supports the conservative hypothesis. Sixth, the causal direction from EC to GDP remains unobservable in the short term. By contrast, the opposite path is observable. There are also no short-run causalities from GDP, or EC, or EC, and GDP to EC. Policy implications are discussed.
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CEKLJ, EMUNI, FIS, FZAB, GEOZS, GIS, IJS, IMTLJ, KILJ, KISLJ, MFDPS, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, SBMB, SBNM, UKNU, UL, UM, UPUK, VKSCE, ZAGLJ
This paper constructs residents’ attentiveness index of the Belt and Road Initiative by big data, and combines social and economic factors to study the spatial and temporal distribution of initiative ...attentiveness, we can find that (1) the attentiveness of the initiative will be greatly affected by large government conferences, and there is a mismatch between the areas covered by the initiative and the areas. (2) both per capita GDP and the proportion of fiscal investment in GDP have a significantly positive impact on the initiative attentiveness of residents, while CPI has a significantly negative Population size and unemployment rates do not have a significant impact on the initiative’s attentiveness. (3) the impact of initiative attentiveness has obvious regional differences. This paper breaks the habitual cognition of the attention of the initiative, and combines the social and economic conditions, and puts forward some suggestions, such as expanding the boundary of the Belt and Road, taking multiple measures to mobilize the social forces to build the Belt and Road, and treating the different policies.
This paper aims to analyze the effectiveness of detrending policies in Turkey using the Hodrick- Prescott (HP) filter, the country’s Gross Domestic Product (GDP), and selected indicators from 2010 to ...2021. The HP filter is a commonly used statistical tool for detrending time series data by separating the trend component from the cyclical component of a series. The discussion section shows the observable and physical impact of overlooking the cyclical components over the trend components. It also contains verifiable facts from several trustworthy sources showing the precise impact of detrending the economy. The final section of this work contains the final results and recommendations that make up the entirety of this work’s body. By analyzing the trend in GDP and selected indicators such as inflation, exchange rate, and unemployment rate, we can gain insights into how Turkey’s economy has been affected by detrending policies; and provides a basis from which better policies can be founded.
The study analyzes the effects of carbon dioxide emissions, energy use, gross fixed capital formation, real GDP per capita, exports and imports on Indian economic growth. The study seeks an answer to ...the following question: When examining the relationships that exist between these parameters, what are the driving forces behind the growth trajectory of the Indian economy? An ARDL model was applied to the analysis of annual data so as to determine co-integration on variables and the nature of the relationship for the period 1971–2014. Empirically, it was found that in the short-term, Real Gross Domestic Product per Capita (LGDPP) for the Indian economy is affected by its past value, Gross Fixed Capital Formation (LGCAPP), Energy Consumption (LENERP) Carbon Emissions (LCO2P) and Imports (LIMPP); however, in the long-term, Gross Fixed Capital Formation (LGCAPP) and Exports (LEXPOP) played a significant role. The error correction model revealed the existence of some co-integration relationship for the entirety of the variables in the study for the short-term and long-term. It is concluded that policies should have clear alternative renewable energy consumption targets in order to achieve energy efficiency and achieve sustainable growth of the economy, while reducing carbon dioxide emissions.
•In this study considered parameters were cointegrated.•No serial correlation among our variables.•There is short run and longer run equilibrium relations between variables.•Gross Domestic Product per capita is affected by gross fixed capital formation.
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GEOZS, IJS, IMTLJ, KILJ, KISLJ, NLZOH, NUK, OILJ, PNG, SAZU, SBCE, SBJE, UILJ, UL, UM, UPUK, ZAGLJ, ZRSKP
We replicate Reinhart and Rogoff (2010A and 2010B) and find that selective exclusion of available data, coding errors and inappropriate weighting of summary statistics lead to serious miscalculations ...that inaccurately represent the relationship between public debt and GDP growth among 20 advanced economies. Over 1946–2009, countries with public debt/GDP ratios above 90% averaged 2.2% real annual GDP growth, not −0.1% as published. The published results for (i) median GDP growth rates for the 1946–2009 period and (ii) mean and median GDP growth figures over 1790–2009 are all distorted by similar methodological errors, although the magnitudes of the distortions are somewhat smaller than with the mean figures for 1946–2009. Contrary to Reinhart and Rogoff's broader contentions, both mean and median GDP growth when public debt levels exceed 90% of GDP are not dramatically different from when the public debt/GDP ratios are lower. The relationship between public debt and GDP growth varies significantly by period and country. Our overall evidence refutes RR's claim that public debt/GDP ratios above 90% consistently reduce a country's GDP growth.
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BFBNIB, NMLJ, NUK, PNG, UL, UM, UPUK
We propose new indices to measure macroeconomic uncertainty. The indices measure how unexpected a realization of a representative macroeconomic variable is relative to the unconditional forecast ...error distribution. We use forecast error distributions based on the nowcasts and forecasts of the Survey of Professional Forecasters. We further compare the new indices with those proposed in the literature and assess their macroeconomic impact.
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BFBNIB, CEKLJ, INZLJ, IZUM, KILJ, NMLJ, NUK, ODKLJ, PILJ, PNG, SAZU, UL, UM, UPUK, ZRSKP