Analyzing the Impact of Foreign Direct Investment on Renewable Energy Production and Carbon Emissions by Using Panel VECM and VAR Models

Renewable energy is being increasingly touted as the “fuel of the future,” which will help to reconcile the prerogatives of high economic growth and an economically friendly development trajectory. This paper seeks to examine relationships between renewable energy production and economic growth and the differential impact on both developed and developing economies. We employed the Fully Modified Ordinary Least Square (FMOLS) regression model to a sample of 20 developed and developing countries for the period 1995–2016. Our key empirical findings reveal that renewable energy production is associated with a positive and statistically significant impact on economic growth in both developed and developing countries for the period 1995–2016. Our results also show that the impact of renewable energy production on economic growth is higher in developing economies, as compared to developed economies. In developed countries, an increase in renewable energy production leads to a 0.07 per cent rise in output, compared to only 0.05 per cent rise in output for developing countries. These findings have important implications for policymakers and reveal that renewable energy production can offer an environmentally sustainable means of economic growth in the future.

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Socio-economic Factors Influencing the Development of Renewable Energy Production Sector in Poland

E+M Ekonomie a Management ◽

10.15240/tul/001/2021-1-003 ◽

2021 ◽

Vol 24 (1) ◽

pp. 38-54

Author(s):

Tadeusz A. Grzeszczyk ◽

Waldemar Izdebski ◽

Michał Izdebski ◽

Tadeusz Waściński

Keyword(s):

Renewable Energy ◽

Energy Production ◽

Hard Coal ◽

Economic Factors ◽

Eu Law ◽

Factors Influencing ◽

Level Ii ◽

Renewable Energy Production ◽

The Impact ◽

Socio Economic Factors

Poland is not one of the leaders in the use of renewable energy sources (RES), and most energy is still produced using hard coal and lignite. Therefore, there are noteworthy emissions of air pollution (including ashes and greenhouse gases), and the Polish energy sector is characterized by a substantial degree of carbonization, which, as a result, threatens to expressively increase the costs of electricity production, leading to financial penalties imposed by the EU. The aim of this paper is to analyze socio-economic factors influencing the development of the RES sector in Poland. According to this aim, expert research was carried out, in which the factors influencing development potential of RES were assessed at two levels (level II – 5 factors, level III – 15 factors) according to the factor tree analysis. Based on the analysis of the level II factors, it can be concluded that the development of the RES sector in Poland will depend to a decisive extent on factors such as: EU decisions and Polish legislation affecting the development of the RES sector in Poland, prices and availability of conventional energy carriers. Other two factors – regional policy on ecology and ecological awareness in Poland – have so far little impact on the development of this sector in the state. The analysis of the level III factors shows that the greatest impact on the development of the RES sector in Poland is the influence of European lobbying of manufacturers of machinery and equipment for renewable energy production on EU law, the impact of Polish lobbying of conventional energy producers on Polish law in the production of renewable energy and the influence of European lobbying of renewable energy producers into EU law.

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A Comparative Analysis of Sunshine Duration Effects in terms of Renewable Energy Production Rates on The LEED BD + C Projects in Turkey

Energies ◽

10.3390/en12061116 ◽

2019 ◽

Vol 12 (6) ◽

pp. 1116 ◽

Cited By ~ 1

Author(s):

Aynur Kazaz ◽

Seyda Adiguzel Istil

Keyword(s):

Global Warming ◽

Renewable Energy ◽

Construction Projects ◽

Energy Production ◽

Sunshine Duration ◽

Electricity Consumption ◽

Production Rates ◽

Certification System ◽

Renewable Energy Production ◽

The Impact

Global warming has been on the agenda over the past few years. Solutions to global warming and energy efficiency problems have brought with them the need for green building market. Leadership in Energy and Environmental Design (LEED) is a certification system regulating the compliance of green buildings to certain standards and is essential for construction projects focusing on sustainability and innovation. This study investigates the effects of sunshine duration on construction projects reducing annual electricity consumption and increasing renewable energy production. In this study, the effects of sunshine duration times on construction projects are located in different cities in Turkey which has gained point from LEED BD+C (NC) (LEED, Building Design + Construction: New Construction) certificate were analyzed with the help of getting the impact of annual electricity consumption and renewable energy production rates. It was our aim that the results will be used for construction projects in compliance with the “Energy and Atmosphere” category of the LEED BD+C certification system.

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Impact of Foreign Direct Investment on Employment and Unemployment Rate in Nigeria: Application of Vector Autoregression(VAR) Models (1960-2014)

Asian Journal of Advanced Research and Reports ◽

10.9734/ajarr/2019/v6i130141 ◽

2019 ◽

pp. 1-15

Author(s):

Ajayi, Abdulhakeem ◽

Rafiu Olayinka Akano ◽

Samuel Olorunfemi Adams

Keyword(s):

Foreign Direct Investment ◽

World Bank ◽

Unemployment Rate ◽

Direct Investment ◽

Vector Autoregression ◽

Positive Impact ◽

National Bureau ◽

Var Models ◽

The Impact

Unemployment is one of the major problem affecting Nigeria’s economy and its’ society, the rate of unemployment have increased over the years. This study’s aim is to investigate the impact of Foreign Direct Investment (FDI) on the employment and unemployment rate in Nigeria. The study useyearly data on employment and unemployment rate collected from CBN Statistical Bulletin, National Bureau of Statistics and World Bank Indicators for the period 1960 – 2014 to achieve its objective and all analysis were done with E-view 9.5. The study employ Vector Autoregression (VAR) to model the employment and unemployment rate in Nigeria. The findings of the study suggested that FDI had a significant and positive impact on employment, FDI Granger-cause employment, employment Granger-cause FDI, unemployment Granger-cause employment and employment also Granger-cause unemployment. Also unemployment Granger-cause FDI and FDI Granger-cause unemployment.This implied that FDI has a significant role on employment rate in Nigeria and this should not be minimized. The study therefore recommended that policies should be formulated to exploit the role of FDI on employment in Nigeria, in an attempt to reduce the unemployment rate.

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