Natural resources and economic growth nexus have been extensively investigated since the last three decades and still the debate is in progress. However, in the current times, natural resources ...prices volatility got importance as natural resources prices are playing crucial role in economic growth by regulating economic activities, which is relatively less studied. Natural resources price volatility and economic performance nexus have set new trends for scholars and policy-makers. Volatility in natural resources could have a detrimental impact on the economic performance of a country or region. In this regard, the current study aims to identify the relationship between them while considering the role of green innovation in the BRICS economies between 1990 and 2021. Employing the cross-sectionally augmented autoregressive distributive lags (CS-ARDL) approach, the results revealed that natural resource volatility, oil rents, natural gas rents, and green innovation positively influence the economic performance in both short-run and long-run. These results are found robust as verified by the long-run estimator augmented mean group (AMG). Besides, the Dumitrescu and Hurlin (2012) Granger panel causality heterogeneous test unveil a bidirectional causal association between the under discussion variables and economic performance. Based on the empirical findings, this study recommends that natural resources hedging, price freezing or ceiling, and promoting green innovation could be remedial measures to improve economic performance further and reduce natural resources price volatility in the region.
•Natural resource price volatility and BRICS′ economic performance is tested.•The role of green innovation has been empirically investigated.•The study employed CS-ARDL and AMG estimators.•Bidirectional causal association relation is found between the variables.•All the variables significantly promote economic performance in the region.
This research explores the influence of real oil prices, trade openness, carbon emanations, economic growth, and income inequality on renewable energy consumption (REC) in twenty (20) OECD nations ...from 1991 to 2020 by employing the AMG assessor, which takes into account slope heterogeneity (SH) and CSD. The empirical outcomes confirm a significant favorable long-run relationship between these nexus, except for Carbon emanations, which are adversely related with REC, respectively. The findings also reveal that trade openness, REC, income inequality, and real oil prices all have a one-way causal relationship with CO2 emanations. Notwithstanding, it has discovered that there is bi-directional causality between income inequality and REC.
•Our study aims to look at the influence of trade openness, income inequality, economic growth, CO2 emissions.•REC, trade openness, real oil prices, and income inequality all have a one-way causal relationship with CO2 emissions.•REC is positively related to economic growth, real oil prices, income inequality, and trade openness.
The fact is the stock market has an asymmetric effect on macroeconomic variables. In this study, we examine the nonlinear stock market reaction to the environment. This is the first study that ...considers the possibility of asymmetric effects of stock market on environmental pollution in Asia. This study considers the experiences of Asia economies by using the panel NARDL methodology over the data period from 1995 to 2019. The long-run panel NARDL results showed that the positive change in stock market increases carbon emissions. In adverse, the negative change in stock market significantly mitigates the carbon emissions in Asia. The short-run stock market asymmetric effects continued into the long-run asymmetric effects on the environment in Asia. Thus, policymakers and authorities should initiate to promote green financial activities in Asian stock markets.
This research aims to measure the impact of energy poverty in Pakistan and its effect on the social wellbeing of individuals in Pakistan. This thought of energy destitution toward the family doesn't ...surely know with regards to literature as it might allude to either ‘economic poor’ or ‘energy poor’ state of the household. This study utilizes the Pakistan Social and Living Standard Measurement (PSLM) overview and data set contains from 2003 to 2018 to examine the effects of energy destitution on the wellbeing, instruction and acquiring chances of the families. The empirical findings of the exploration propose that the energy neediness of a household is firmly connected with the sort of fuel utilized and the low utilization of unreasonably expensive clean energy by the family. The subsequent effects of energy neediness on the prosperity of families are huge. It is observed that energy helpless families have a greater likelihood toward the individuals experiencing respiratory issues, paying more on clinical consideration, dropping out of school and lesser acquiring openings than the household without energy destitution.
•This study consists of four core areas of multidimensional energy poverty; affordable energy, energy poverty, social wellbeing, and energy poor.•This study is based on SDGs 1 and 7 goals of multidimensional poverty and affordable and modern energy.•The results of this study help the government, policymakers, and non-governmental organizations.•In Pakistan, 29.5% of the population is living below the poverty line.
The fact is that output volatility and carbon dioxide (CO2) emissions move together over the period. This empirical study examines the dynamic effect of output volatility on CO2 emissions using the ...advance nonlinear panel autoregressive distributed lag (ARDL) approach. The empirical analysis is executed for ten high emitters Asian countries covering the period from 1990 to 2019. The findings reveal that positive change in output volatility increases CO2 emissions and negative change in output volatility decreases CO2 emissions in the long run in Asia. The results also show that digitization also positively impacts environmental quality in Asia due to green globalization. The findings are also robust and similar in an alternative indicator of the environment. An important policy is that reducing volatility in output is a suitable way of environmental sustainability, particularly for Asian countries.
The primary objective of this study is to analyze the dynamic association among the green energy production (GEP), green technological innovation (GTI), and green international trade (GIT). This ...study uses fully modified least square (FMOLS) and dynamic least square (DOLS) for data analysis. This study uses the panel data set starts from 2000 to 2020 for eight south Asian countries. This study find a negative relationship between GEP and EFP. However, green technological innovation and green international trade have positive significant association. This study recommends several policy implications regarding the economies of south Asia (SA) based on empirical findings: to subsidize the industries for the installation of renewable projects for the production of renewable energies.
This study investigates the potential of biogas as a commercially viable alternative energy source in Pakistan due to her large agricultural base. The production of biogas is a source of utilizing ...enriched livestock manure resulting in smell reduction, village sanitation, and environmental improvement. The cost-benefit analysis approach is adopted to explore the empirical findings. The analysis is carried out on four different commercial biogas plants with capacities ranging from 20 to 200 m3 that have been erected in various parts of Pakistan, the majority in Punjab province due to their agricultural and animal capacity. Total inflows are calculated which include installation, administrative, operation, and maintenance costs. Although benefits extracted are examined in terms of monetary value. Meanwhile, it is concluded through quantitative assessment that 8 out of 9 plants are giving good returns, which can cater to the energy needs. Furthermore, it can be suggested that commercial use of biogas is feasible and profitable with an acceptable rate of returns with proper operating and feeding of the plant is essential for success. Therefore, training should be provided to agriculture and livestock farmers so that they can perform better in the development of biogas plants.
•This study attempts to bridge the gap between energy and economic crisis.•This study aims to analyse the existing potential of biogas as sustainable energy source for commercial use.•This study finds the determinants of biogas utilization at the commercial level.•The study emphasizes in finding the possible sources for the commercial utilization of biogas in Pakistan.
The purpose of this study is to examine the impact of green tax incentives such as investment tax credit and taxable income deductions related to the environmental sustainability and climate change ...which are becoming more popular in developing countries, whereas introducing green tax incentives related to the environment and climate change helps and meets the sustainability objectives of growth and development. For this purpose, we selected the top 100 listed companies on the Swedish stock market (SSM), Nasdaq Stockholm (SN), in order to better understand the real facts and figures of green tax environment. This study uses a longitudinal research design because sample observations vary across firms and over a short time and conducts probit and logistic regression to identify the beneficiaries of the tax incentives. The findings show that different firm-level characteristics significantly impact the probability of being an ITC beneficiary.
