The Impact of Renewable Energy on Sustainable Growth: Evidence from a Panel of OECD Countries

2017 ◽  
Vol 10 (1) ◽  
pp. 221-237 ◽  
Author(s):  
Manel Kamoun ◽  
Ines Abdelkafi ◽  
Abdelfetah Ghorbel
Keyword(s):  
Renewable Energy ◽  
Oecd Countries ◽  
Sustainable Growth ◽  
The Impact

The impact of economic globalization on renewable energy in the OECD countries

Energy Policy ◽  
2020 ◽  
Vol 139 ◽  
pp. 111365 ◽  
Author(s):  
Giray Gozgor ◽  
Mantu Kumar Mahalik ◽  
Ender Demir ◽  
Hemachandra Padhan
Keyword(s):  
Renewable Energy ◽  
Economic Globalization ◽  
Oecd Countries ◽  
The Impact

scholarly journals An Empirical Analysis of the Relationship between Economic Complexity and Environmental Deterioration in N-11 Countries

2021 ◽  
Author(s):  
Neşe Algan ◽  
Harun Bal ◽  
Müge Manga
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Energy Use ◽  
Total Population ◽  
Sustainable Growth ◽  
Population Increase ◽  
Environmental Damage ◽  
Economic Complexity ◽  
Complexity Index ◽  
The Impact

The economic complexity index, which is one of the essential elements of economic development, is a concept that means the competitiveness, development, knowledge, and competence structure of the exported products. The current literature generally stated that the increase in the economic complexity index supports sustainable growth. However, the impact of changes in the economic complexity index on environmental damage is neglected in many studies. Accordingly, in the present study, it is analyzed the impact of the economic complexity index on the environmental degradation for the N-11 countries (Bangladesh, Indonesia, Philippines, South Korea, Iran, Mexico, Egypt, Nigeria, Pakistan, Turkey, and Vietnam) between 1990 and 2014. Carbon emission is used as an indicator of environmental degradation. Besides, the renewable and non-renewable (fossil) energy use and the total population are included to the established model as control variables. According to the panel ARDL/PMG findings, the economic complexity index, non-renewable energy use, and total population increase carbon emissions, whereas the renewable energy use decreases. This situation shows that the economic complexity level in N-11 countries has insufficient level to reduce environmental degradation in given years.

scholarly journals Finance for renewable energy: an empirical analysis of developing and transition economies

2010 ◽  
Vol 15 (3) ◽  
pp. 241-274 ◽  
Author(s):  
CHRISTA N. BRUNNSCHWEILER
Keyword(s):  
Renewable Energy ◽  
Financial Sector ◽  
Oecd Countries ◽  
Commercial Banking ◽  
Environmental Benefits ◽  
Energy Resources ◽  
Renewable Energy Resources ◽  
The Impact ◽  
Positive Effect

ABSTRACTThis paper examines the role of the financial sector in renewable energy (RE) development. Although RE can bring socio-economic and environmental benefits, its implementation faces a number of obstacles, especially in non-OECD countries. One of these obstacles is financing: underdeveloped financial sectors are unable to efficiently channel loans to RE producers. The influence of financial sector development on the use of renewable energy resources is confirmed in panel data estimations on up to 119 non-OECD countries for 1980–2006. Financial intermediation, in particular commercial banking, has a significant positive effect on the amount of RE produced, and the impact is especially large when we consider non-hydropower RE such as wind, solar, geothermal and biomass. There is also evidence that the development of the RE sector has picked up significantly in the period since the adoption of the Kyoto Protocol.

Overcoming stereotypes of renewable energy

2019 ◽  
pp. 124-136
Author(s):  
Victor D. Gazman
Keyword(s):  
Renewable Energy ◽  
Empirical Analysis ◽  
Energy Generation ◽  
New Paradigm ◽  
Financial Instrument ◽  
Promising Direction ◽  
Investment Projects ◽  
Power Stations ◽  
New Generation ◽  
The Impact

The article considers prerequisites for the formation of a new paradigm in the energy sector. The factors that may affect the imminent change of leadership among the energy generation are analyzed. The variability of the projects of creation and functioning of power stations is examined. The focus is made on problematic aspects of the new generation, especially, storage and supply of energy, achieving a system of parity that ensures balance in pricing generations. The author substantiates the principles of forming system of parities arising when comparing traditional and new generations. The article presents the results of an empirical analysis of the 215 projects for the construction of facilities for renewable energy. The significance and direction of the impact of these factors on the growth in investment volumes of transactions are determined. The author considers leasing as an effective financial instrument for overcoming stereotypes of renewable energy and as a promising direction for accelerated implementation of investment projects.

Modernisation of Higher Education – Willful Action or Wishful Thinking? The Case of Bulgaria

2020 ◽  
Vol 8 (3) ◽  
pp. 3-17
Author(s):  
Elena Blagoeva
Keyword(s):  
Higher Education ◽  
Economic Crisis ◽  
Negative Impact ◽  
National Level ◽  
Sustainable Growth ◽  
Research Approach ◽  
Case Study Methodology ◽  
The Impact ◽  
The Eu

The impact of the last global economic crisis (2008) on the European economy put a strain on higher education (HE), yet it also pushed the sector towards intensive reforms and improvements. This paper focuses on the “Strategy for the Development of Higher Education in the Republic of Bulgaria 2014-2020”. With a case study methodology, we explore the strategic endeavours of the Bulgarian government to comply with the European directions and to secure sustainable growth for the HE sector. Our research question is ‘How capable is the Bulgarian HE Strategy to overcome the economic and systemic restraints of Bulgarian higher education?’. Because the development of strategies for HE within the EU is highly contextual, a single qualitative case study was chosen as the research approach. HE institutions are not ivory towers, but subjects to a variety of external and internal forces. Within the EU, this is obviated by the fact that Universities obtain their funds from institutions such as governments, students and their families, donors, as well as EU-level programmes. Therefore, to explore how these pressures interact to affect strategic action on national level, the case method is well suited as it enabled us to study the phenomena thoroughly and deeply. The paper suggests the actions proposed within the Strategy have the potential to overcome the delay, the regional isolation and the negative impact of the economic crisis on the country. Nevertheless, the key elements on which the success or failure of this Strategy hinges are the control mechanisms and the approach to implementation. Shortcomings in these two aspects of strategic actions in HE seem to mark the difference between gaining long-term benefits and merely saving face in front of international institutions.

A Study on Employee Attitude towards Organizational Change and the impact of Change Management on Organization Commitment

2019 ◽  
Vol 118 (3) ◽  
pp. 158-169
Author(s):  
Dheera.V. R ◽  
Jayasree Krishnan
Keyword(s):  
Organizational Change ◽  
Change Management ◽  
Tamil Nadu ◽  
Change Agents ◽  
Organization Change ◽  
Sustainable Growth ◽  
Positive Approach ◽  
Organizational Goals ◽  
Organization Commitment ◽  
The Impact

Organizations that are aiming to successfully implement change needs the support and acceptance of employees who are their key stakeholder. This study analyses the influence of Employees` attitude towards organization change. The research also aims at evaluating the influence of employees’ attitude towards commitment to organization and job after the introduction of change in the organization. The study was conducted among 300 employees who belonged to executive and managerial category from different star rated hotels in Chennai, Tamil Nadu, India which are currently embracing organization changes. The findings indicate that employees of the study demonstrate a positive approach towards the change management in their organization. The observations also project that a positive approach by employees towards changes, is a very good indication for organizations to know that their workforce is committed towards the organizational goals. Hence with the support of change agents, adequate communications and by creating awareness about the need for change will result in sustainable growth in the organizations.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

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