Considering the asymmetric effect of financial deepening on environmental quality in BRICS economies: Policy options for the green economy

2021 ◽  
pp. 129909
Author(s):  
Xiaolong Li ◽  
Ilhan Ozturk ◽  
Muhammad Tariq Majeed ◽  
Muhammad Hafeez ◽  
Sana Ullah
Keyword(s):  
Environmental Quality ◽  
Green Economy ◽  
Financial Deepening ◽  
Policy Options ◽  
Asymmetric Effect

Heterogeneous effect of oil production on environmental degradation: panel evidence from OPEC member countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ismail Aliyu Danmaraya ◽  
Aminu Hassan Jakada ◽  
Suraya Mahmood ◽  
Bello Alhaji Ibrahim ◽  
Ahmad Umar Ali
Keyword(s):  
Renewable Energy ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Oil Production ◽  
The Body ◽  
Energy Sources ◽  
Asymmetric Effect ◽  
Content Type ◽  
Long Run ◽  
Opec Member

Purpose The purpose of this paper is to look at the asymmetric effect of oil production on environmental degradation in OPEC member countries from 1970–2019. Design/methodology/approach The authors build a nonlinear panel ARDL–PMG model using the Shin et al. (2014) nonlinear autoregressive distributed lag (ARDL) approach in panel form to assess both the short- and long-run impact of positive and negative oil production movements on CO2 emissions. Findings The result demonstrates that the variables are cointegrated. According to the linear long run coefficients, oil production, FDI inflows and economic growth both have a positive and significant relationship with CO2 emissions, implying that they deteriorate environmental quality in OPEC countries, while renewable energy has a negative relationship with CO2, implying that increasing renewable energy improves environmental quality. The asymmetric findings prove that positive and negative shocks of oil production exert a positive effect on carbon emissions in short run and long run. Research limitations/implications To begin with, the empirical assessments do not include all OPEC member nations; researchers are advised to resolve this constraint by looking at the economies of other OPEC members. Albeit the lack of data for other energy sources may serve as another constraint of this research, future research is expected to broaden the current framework via other energy sources such as nuclear, electricity, biomass, solar as well as wind. Originality/value The research adds to the body of knowledge as many of the prevailing studies in the literature failed to look at the asymmetric effect of oil production on the quality of environment. This is another gap in the literature that the current study is set out to fill. This study adds oil production as an explanatory variable and helps to extend the existing literature for OPEC countries, which could propose a solution to deal with ensuing environmental issues.

scholarly journals Green Complexity, Economic Fitness, and Environmental Degradation: Evidence from U.S. State-Level Data

2021 ◽  
Author(s):  
İbrahim Tuğrul Çınar ◽  
İlhan Korkmaz ◽  
Muhammet Yunus Şişman
Keyword(s):  
Environmental Degradation ◽  
Environmental Quality ◽  
Negative Impact ◽  
National Level ◽  
State Level ◽  
Policy Implications ◽  
Green Economy ◽  
The Us ◽  
Green Production ◽  
Significant Negative Impact

Abstract Green production is one of the major debates as environmental degradation poses threats globally. The paper attempts to explore the relationship between green economy and environmental quality by using Economic Fitness approach. We develop a Green Complexity Index (GCI) dataset consists of 290 traded green-labeled products for the US States between 2002 and 2018. We analyze the environmental performance of green production using the GCI data at the sub-national level. Findings indicate that exporting more complex green products has insignificant effects on local (i.e., Sulfur dioxide, Particulate Matter 10) and global polluters such as Carbon dioxide (CO2), even accounting for per capita income. Yet, overall economic complexity has a significant negative impact on the emission levels implying that sophisticated production significantly improves environmental quality in the US. The insignificant impact of GCI on environmental degradation suggests that green product classifications should incorporate the production and end-use stages of goods to limit the adverse environmental effects of green-labeled products. The study, therefore, provides policy implications for green industrial policies.JEL codes: O18, Q56, R11

scholarly journals Infrastructures Development, Environmental Quality and Economic Growth in Nigeria

2021 ◽  
pp. 097493062110584
Author(s):  
Ademola E. Ojo ◽  
Ditimi Amassoma
Keyword(s):  
Economic Growth ◽  
Population Growth ◽  
Environmental Quality ◽  
Time Series Data ◽  
Human Life ◽  
Value Added ◽  
Green Economy ◽  
Series Data ◽  
Long Run ◽  
Bound Test

The Earth as a planet supports human life, living and activities, attracting extensive and intensive socioeconomic influences on the economy. Such activities like infrastructures development exerts increasing and divers environmental quality concerns and hence the economic growth. While these variables appear interrelated due to many factors including population growth, urbanisation, etc. However, the relationship between infrastructures, environment and economic growth is not largely known especially in Nigeria. This study therefore investigated their relationship using time series data between 1990 and 2019 by adopting Co-integration estimation technique through the Bound test approach of auto regressive distributive lag method using percentage share of building and construction sector of gross domestic product (GDP), carbon dioxide, population growth GDP growth rate, etc. as variables. The study revealed that the infrastructures development and environmental quality explain economic growth and have both short and long run relationships while specifically population growth and agriculture, forestry, fishing, value added variables are positively significant to economic growth. The findings evidences of both short and long run relationships among the variables are significant and it is consequently recommended that new roles for infrastructure sets and production processes should consider environmental quality mindsets to achieve positive green economy outcomes in Nigeria. JEL Classification: O18, O44, Q5

scholarly journals DEVELOPMENT OF THE GREEN ECONOMY CONCEPT

2019 ◽  
Vol 34 (5) ◽  
pp. 1253-1258
Author(s):  
Iva Bichurova ◽  
Petia Yordanova-Dinova
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Environmental Quality ◽  
Social Inclusion ◽  
Knowledge Society ◽  
Sustainable Consumption ◽  
Green Economy ◽  
High Price ◽  
Development Economic ◽  
Use Of Resources

The paper outlines the leading theories and concepts in categorizing the concept of green economy. The idea of an environmental friendliness, competitive, green economy is interpreted as contributing to sustainable development and effectively use of resources. Green economy helps solving problems of the slowdown in economic growth and job losses, as well as the continued deterioration of environmental quality and ecosystem degradation. All this defines the green economy as an approach to achieving sustainable development. Economic growth measured by the size of the gross national / social product cannot continue to be used without the appearance of environmental problems. he green economy has become one of the pillars of major international and European strategies and is being considered as an approach leading to a structural transformation of the economy.The results of the Green Economy research distinguishnine strategic areas: sustainable consumption and production through responsible consumers and producers; knowledge society through information development and training; government to help adapting to new business realities; climate change and energy; sustainable transport and mobility; conservation and sustainable management of biodiversity and natural resources; public health and risk prevention with an emphasis on environmental quality; demography and migration and social inclusion; challenges in the field of sustainable development; global poverty reduction.The theme of green economy is more and more relevant for Bulgaria, it is constantly being discussed and there is an increasing awareness of the importance of this transition to a green economy, which is associated with the high price that a society has to pay. But this is the only way our generationto take care of the coming generations and thus conserve the planet's resources.

The effects of COVID-19 on trade, production, environmental quality and its implications for green economy

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Dinkneh Gebre Borojo ◽  
Jiang Yushi ◽  
Miao Miao
Keyword(s):  
Environmental Quality ◽  
Descriptive Analysis ◽  
Policy Implications ◽  
Green Economy ◽  
Content Type ◽  
Export Sector ◽  
Mediating Role ◽  
The Impact ◽  
The Relationship

PurposeThis study examines the effects of COVID-19 on trade, production and environmental quality and provides policy implications on green recovery.Design/methodology/approachThe two-step Heckman method is applied to estimate the structural gravity specification of trade. Besides, the two-step system GMM model is used to estimate the effects of COVID-19 on production and environmental quality. Additionally, descriptive analysis and literature review have been used.FindingsThe findings disclose that COVID-19 adversely affected the trade performance of the countries. The results further imply that the regional trade agreements (RTAs) can play a key mediating role in the post-COVID-19 trade recovery. Besides, the impact of COVID-19 on the output is substantially negative. However, the effect of COVID-19 on environmental quality is significantly positive.Originality/valueIt is the first study of its kind to examine the effects of COVID-19 on trade, production and CO2 emissions covering panel countries. Second, it provides a detailed analysis of firms planning to engage in the export sector. Moreover, it offers policy suggestions to consider environmental quality and green recovery. Besides, it examines the mediating role of RTAs in the relationship between trade and the pandemic.

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