The effects of globalization, energy consumption and economic growth on carbon dioxide emissions in South Asian countries

2021 ◽  
pp. 0958305X2098689
Author(s):  
Muhammad Bilal Khan ◽  
Hummera Saleem ◽  
Malik Shahzad Shabbir ◽  
Xie Huobao
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
South Asian ◽  
Carbon Dioxide Emissions ◽  
Energy Use ◽  
Least Square ◽  
Asian Countries ◽  
Individual Country ◽  
Data Set ◽  
The Individual

This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries. 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 1972 to 2017. 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 worsen the quality environment in the south Asian region. The individual country as Bangladesh shows a positively significant impact on the CO2 emissions and destroying the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth level (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.

scholarly journals External Resources and Economic Growth: An Empirical Analysis of South Asian Countries

2018 ◽  
Vol 21 (2) ◽  
pp. 1-17
Author(s):  
Imtiaz Arif ◽  
Lubna Khan ◽  
Syed Ali Raza
Keyword(s):  
Economic Growth ◽  
South Asian ◽  
Panel Cointegration ◽  
Strong Relationship ◽  
Vital Role ◽  
Second Phase ◽  
Asian Countries ◽  
Causality Test ◽  
External Resources ◽  
The Individual

Abstract This study aims to investigate the role of three important external resources on the economic growth of leading South Asian countries. A sample of four countries is studied from 1983 to 2014. Empirical analyses are carried out in two phases. First, we have checked the combined effect using CD test, CIPS, Pedroni, and Westerlund panel cointegration, pooled mean group (PMG) framework and Heterogeneous non-causality test. In the second phase, we compared the regional and country-wise estimations using ARDL bound testing, stability test, and Granger causality. Results suggest that remittances play a vital role in the economic growth of selected South Asian countries, whereas, imports and foreign direct investment found to be insignificant. Also, while evaluating the same model for the individual countries using the ARDL estimations also reveal that remittances significantly contribute to the economies of Pakistan and Sri Lanka and imports found to be negatively related with economic growth in the same economies. However, imports showed a strong relationship with the economic growth of Bangladesh. Thus, this paper has drawn some insights for the policymakers.

scholarly journals Can Co2 Emissions and Energy Consumption Determine the Economic Performance of South Korea? A Time-Series Analysis

2021 ◽  
Author(s):  
Tomiwa Sunday Adebayo ◽  
Abraham Ayobamiji Awosusi ◽  
Dervis Kirikkaleli ◽  
Gbenga Daniel Akinsola ◽  
Madhy Nyota Mwamba
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Energy Consumption ◽  
South Korea ◽  
Energy Use ◽  
Ordinary Least Squares ◽  
Least Square ◽  
Wavelet Coherence ◽  
Causality Analysis ◽  
Distributed Lag

Abstract Following the United Nations Sustainable Development Goals (UN-SDGs) which emphases on relevant concerns that encompass access to energy (SDG-7) and sustainable development (SDG-8). This research tends to re-examine the interaction between urbanization, CO2, capital formation, energy use, and economic growth in South Korea, which has not yet been assessed using the recent econometric techniques and data stretching between 1965 and 2019. The present study utilized the Autoregressive distributed lag (ARDL), Dynamic Ordinary Least Square (DOLS), and Fully Modified Ordinary Least Squares (FMOLS) methods while for the causality direction the Gradual shift and Wavelet coherence method are utilized. The ARDL bounds test uncovers a long-run linkage between the variables of interest. Empirical evidence shows that emissions spur economic growth. Thus, there is also a necessity to change the energy mix in South Korea to renewables, based on increasing environmental awareness across the globe, to enable the use of sustainable energy sources and establish an environmentally sustainable ecosystem. Moreover, the energy-induced growth hypothesis is validated. This result is resonated by the causality analysis where energy consumption drives GDP one-way in South Korea. This suggests that South Korea cannot embark on energy conservative policies, as such actions will hurt economic progress. Additionally, unidirectional causality is seen between urbanization, trade opens, and economic growth. These findings have far-reaching consequences for GDP growth and macroeconomic indicators in South Korea.

scholarly journals A Panel Analysis of Trade Gravity between Pakistan and South Asian Countries

2020 ◽  
Vol 23 (4) ◽  
pp. 187-207
Author(s):  
Waheed Ullah Jan ◽  
Mahmood Shah
Keyword(s):  
Gravity Model ◽  
South Asian ◽  
Bilateral Trade ◽  
Negative Impact ◽  
Positive Impact ◽  
Least Square ◽  
Asian Countries ◽  
Trade Patterns ◽  
Data Set ◽  
Trade Relations

This paper attempts to examine Pakistan’s trade patterns with South Asian countries by using a gravity model of trade. The main objective of the study is to quantify the long‑run impacts of gravity variables. To achieve this objective, a panel data set for the period 2003 to 2017 has been used. Based on the mixed evidence of the results of panel unit root tests, Pooled Mean Group (PMG) and Panel Dynamic Ordinary Least Square (DOLS) techniques are applied. The outcome of the PMG and Panel DOLS models justifies the theoretical background of the gravity model and suggests that all the basic gravity variables haveusual signs. The RGDPs and population of both Pakistan and the partner country have a positive impact on their bilateral trade. On the other hand, the distance between the two trading countries and the exchange rate have a negative impact on bilateral trade.The uniqueness of this study is that it measures the impacts of qualitative variables along with basic gravity variables. Language similarities and common borders have a positive impact on bilateral trade. Pakistan has borders with India and Afghanistan, but their trade relations are not worth mentioning. The military conflicts between Pakistan and India, and the political suspicions between Pakistan and Afghanistan hinder their trade relations.

Nexus of Renewable Energy Consumption, Economic Growth, Population Growth, FDI, and Environmental Degradation in South Asian Countries: New Evidence from Driscoll-Kraay Standard Error Approach

2021 ◽  
Vol 3 (2) ◽  
pp. 200-211
Author(s):  
Ansar Abbas Shah ◽  
Muhammad Sajjad Hussain ◽  
Muhammad Atif Nawaz ◽  
Mazhar Iqbal
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Population Growth ◽  
South Asian ◽  
Environmental Degradation ◽  
Asian Countries ◽  
Renewable Energy Consumption ◽  
Cross Sectional ◽  
Cross Sectional Dependence

Environmental degradation is the most prominent area nowadays, especially in developing counties where high renewable energy consumption and population growth deteriorate the atmosphere of the country. Thus, the current study investigates the nexus among renewable energy consumption, economic growth (EG), population growth, foreign direct investment (FDI), and environmental degradation in South Asian countries. The covariance matrix estimators that are developed by “Driscoll and Kraay” are used in this study. The primary property of this estimator is that it does not account for the cross-sectional dependence; thus, it provides substantial, robust outcomes among the cross-sectional units while in the presence of cross-sectional dependence. The data was collected from the World Development Indicators (WDI) from 2001 to 2019. The findings exposed that positive nexus among the population growth, FDI, and environmental degradation while renewable energy consumption and EG has negative nexus with environmental degradation and also not supported the EKC hypothesis in South Asian countries. These findings suggested that the regulators should develop policies that reduce environmental degradation in the presence of high EG, energy consumption, FDI, and population growth.

scholarly journals A Systematic Review of the Relationship Between Energy Consumption and Economic Growth in GCC Countries

2020 ◽  
Vol 12 (9) ◽  
pp. 3845 ◽  
Author(s):  
Mohammed AlKhars ◽  
Fazlul Miah ◽  
Hassan Qudrat-Ullah ◽  
Aymen Kayal
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
United Arab Emirates ◽  
Survey Study ◽  
Individual Country ◽  
Energy Technologies ◽  
Country Level ◽  
Gcc Countries ◽  
The Individual ◽  
The Relationship

This survey study analyzed the existing literature on the relationship between energy consumption and economic growth in the six Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Oman and Kuwait). This study identified 59 articles published in 18 journals covering the period 2006–2019. The articles were grouped into two categories: the first category included studies analyzing the energy–growth relationship at the individual country level while the second category included studies analyzing the relationship at a multi-country level. The result of this study revealed that 18% of the observations supported the growth hypothesis, 26% supported the conservation hypothesis, 43% supported the feedback hypothesis and 13% supported the neutral hypothesis. As our analysis found a dominant support for the growth and feedback hypotheses, this implies that the focus of energy policies in GCC countries has been on the supply and the uninterrupted availability for the expansion and growth of their industrial and developmental activities. However, for a sustainable development and growth of the GCC economies and meeting the environmental challenges, there is an urgent need for the expansion of renewable energy technologies in the energy supply mix of GCC countries.

scholarly journals Evaluation of decoupling of GDP and energy in Central Asia

2021 ◽  
Vol 899 (1) ◽  
pp. 012029
Author(s):  
A Junissov ◽  
A Bekaliyev ◽  
A Adamov ◽  
S G Poulopoulos
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Central Asia ◽  
Carbon Dioxide Emissions ◽  
Primary Energy ◽  
Asian Countries ◽  
Environmental Pressure ◽  
Central Asian ◽  
Central Asian Countries ◽  
Primary Energy Supply

Abstract Currently, economic growth remains the main criterion of development. However, it does come along with threats to the environment, due to its link to the increased energy consumption and carbon dioxide emissions. Decoupling can be used to break this link and stop jeopardizing the environment in the favor of economic progress. This paper focuses on the decoupling between economic growth and energy consumption in each of five Central Asian countries – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – from 1990 to 2014. The Tapio decoupling model was implemented in order to determine the decoupling states for each country. Gross domestic product (GDP) was used to represent the economic growth, and the total primary energy supply (TPES) described the environmental pressure. These data were obtained from the IKE World Energy Balances. Both the GDP and the TPES of most of the Central Asian countries had a parabolic trend of initial drop and further increase during the timespan analyzed. This observation can be explained by the collapse of USSR and the transition to market economy. The results of the decoupling analysis can be divided into two stages for Kazakhstan, Turkmenistan, and Uzbekistan, and into three stages for Kyrgyzstan and Tajikistan, with several different decoupling states observed during each stage. According to the results, the main decoupling states in Central Asia were expansive negative decoupling, expansive coupling, weak decoupling, and strong decoupling. The analysis showed that there is a serious environmental pressure on the economic development in Central Asia.

scholarly journals Energy Consumption in Agriculture Sector, environmental cleanliness and Economic Growth: An Empirical Evidence of South Asian Countries

2019 ◽  
Vol 5 (3) ◽  
Author(s):  
Muhammad Zia Ullah Khan ◽  
Muhammad Khyzer Bin Dost ◽  
Muhammad Wasim Akram ◽  
Pirzada Sami Ullah Sabri
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Gross Domestic Product ◽  
Granger Causality ◽  
South Asian ◽  
Agricultural Sector ◽  
Domestic Product ◽  
Asian Countries ◽  
Agriculture Sector ◽  
The Impact

This study plays its role in the literature by investigating the impact of energy consumption on agriculture sector, and environmental cleanliness on Gross Domestic Product, in five South Asian countries from the period of 1990 to 2015. Energy is now becoming a challenge for the South Asian countries especially country like Pakistan. Developing countries are in a race to gather more and more resource for the production of energy. The main objective of research is to examine the short-run and long-run relationship between economic growth and energy consumption on agriculture sector of economy in South Asian countries. Granger causality test and Error correction model is employed to get the results. The empirical results showed the presence of co-integration among the variables and it indicates gross domestic product has a positive relationship with energy consumption in agriculture sector and environmental cleanliness. Granger causality results showed that unidirectional causality is present between gross domestic product and agricultural sector while no causality is present among environment cleanliness.

scholarly journals U.S. Policy and Energy Security in South Asia: Economic Prospects and Strategic Implications

Asian Survey ◽  
2007 ◽  
Vol 47 (4) ◽  
pp. 657-678 ◽  
Author(s):  
Lawrence Sááez
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
South Asia ◽  
South Asian ◽  
Energy Security ◽  
Unintended Consequences ◽  
Asian Countries ◽  
Demographic Trends ◽  
Energy Demands

South Asia's future energy consumption will be driven by continuing economic growth and demographic trends. The likely inability of India, Pakistan, and Bangladesh to meet burgeoning energy demands poses a threat to their energy security. U.S. policy in Asia constrains the ability of South Asian countries to enhance their energy security, either indigenously or through imports. This may have unintended consequences for U.S. strategic interests in South Asia in particular, and in Asia in general.

scholarly journals Energy – Growth Nexus- A Case of South Asian Countries

2021 ◽  
Vol 8 (2) ◽  
pp. 58-66
Author(s):  
Saddam Hussain ◽  
Chunjiao Yu ◽  
Liu Wan
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
South Asian ◽  
Fixed Effects ◽  
Asian Countries ◽  
Economic Determinants ◽  
Omitted Variable Bias ◽  
Variable Bias ◽  
Macroeconomic Determinants ◽  
The Relationship

The relationship between energy consumption and economic growth is a hot issue in today's society. This paper aims to empirically verify the relationship between energy consumption and economic growth. This article analyzes the relation of energy consumption with the economic growth taking the case of South Asian countries (Afghanistan, Bangladesh, Bhutan, India, Pakistan, Sri Lanka, and Nepal) along with the macroeconomic determinants that affect the total economic growth – FDI growth, CPI rate and population growth in order to avoid omitted variable bias and misleading results. The time span of this study covers the period of 1980–2019. To examine the significant relation of these determinants and impact of energy consumption on economic growth, In-pooled regression, Fixed-effects, Bidirectional fixed effect, Random-effects, and GLS estimation regression model are used. The estimated results show a positive correlation of energy consumption and all other economic determinants with economic growth except CPI, where there is a negative correlation founded.

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