Research on the Relationship between Economic Growth, Environmental Governance Investment and Carbon Emission--Based on the Time Series Data from 2000 to 2019

2020 ◽  
pp. 713-727
Author(s):  
Xiaohui Wang, Xin Zhang
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Carbon Emission ◽  
Environmental Governance ◽  
Time Series Data ◽  
Series Data ◽  
Per Capita ◽  
The Relationship

The study on the relationship between investment in environmental governance, carbon emission and economic growth is helpful for the relevant government departments to coordinate the influence among them when formulating the policies of reducing emission and conserving energy, so as to take the comparative advantages of various factors and promote the benign interaction between economic development and environmental governance. In this paper, the data of Per capita GDP, per capita investment in environmental governance and per capita CARBON dioxide emissions in China from 2000 to 2019 are selected as the research basis, and variables are studied by means of Granger causality and impulse response function. As shown in the results, there is a single Granger relationship between investment in environmental governance and carbon emissions, that is, the increase of investment in environmental governance leads to the reduction of carbon emissions. The influence of economic growth on environmental governance investment is small, but in the long term, it can restrain the growth of carbon emissions. Investment in environmental governance can promote economic growth and stimulate a reduction in the emissions in the short term; Economic growth was hindered by the emissions in the long term and fail to stimulate increased investment in environmental governance. Based on these findings, this paper proposes policy Suggestions for optimizing the structure of environmental governance investment, improving the carbon emission monitoring and response mechanism, and strengthening the technological level of energy conservation and emission reduction.

scholarly journals FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN MALAYSIA FROM 1990 TO 2019: VECM APPROACH

2021 ◽  
Vol 3 (8) ◽  
pp. 37-54
Author(s):  
Norhidayati Mohamed Zakaria ◽  
Mohamad Yazis Ali Basah
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Global Financial Crisis ◽  
Gdp Per Capita ◽  
Series Data ◽  
Integration Test ◽  
Domestic Credit ◽  
Per Capita ◽  
The Relationship

Economists believe that efficient financial development is significant for building sustainable economic growth in any country. The global financial crisis, economic events and country’s uniqueness has resulted in continuous research to examine the relationship of financial and economic development using numerous methods and indicators which presented various simulation that led to different views on the linkages. Most of the studies had tested the indicators individually which resulted in less dynamic findings and creates a gap in the research. Hence, this paper aims to examine the relationship between financial development and economic growth in Malaysia by observing different economic indicators concurrently. This study using Malaysia’s annual time series data from 1990 to 2019. This study employs descriptive statistics, regression estimations, unit root test, Johansen co-integration test, VAR, and VECM modeling. The FTSE Kuala Lumpur Composite Index (FBMKLCI) and domestic credit as a percentage to GDP (DC) have been used as proxies for financial development while GDP per capita and Industrial Production Index (IPI) as proxies for economic growth. The findings reveal that FBMKLCI and domestic credit produces a significant relationship towards GDP per capita in the long run and short run. Contrary results found in FBMKLCI-domestic credit-IPI nexus whereby FBMKLCI and domestic credit demonstrate negative association towards IPI. As this study uses the same variables to indicates the relationship towards unalike economic growth gauge, more dynamic work and effort shall be considered to enhance the results. Government and respective institutions shall play their role effectively to revisit or formulate policy and law of the financial system to stimulate the growth of the Malaysian economy.

scholarly journals Dynamic Impacts of Economic Growth and Forested Area on Carbon Dioxide Emissions in Malaysia

2020 ◽  
Vol 12 (22) ◽  
pp. 9375
Author(s):  
Rawshan Ara Begum ◽  
Asif Raihan ◽  
Mohd Nizam Mohd Said
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Co2 Emissions ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Sustainable Forest Management ◽  
Time Series Data ◽  
Series Data ◽  
Forested Area ◽  
Dynamic Impacts

This study measures the relationship and dynamic impacts of economic growth and forested area on carbon dioxide (CO2) emissions in Malaysia. Time series data over the period of 1990 to 2016 were used by employing the dynamic ordinary least squared (DOLS) approach. The results of DOLS estimation indicate that the coefficient of economic growth is positive and significant with CO2 emissions, meaning that RM1 million increase in gross domestic product (GDP) is associated with an increase in CO2 emissions of 0.931 kilo tons. Instead, the long-run coefficient of forested area found negative and significant, which implies that declining one hectare of forested area (i.e., deforestation) has an impact of three kilo tons of CO2 emissions rise in Malaysia. Our study findings indicate that economic growth and deforested area have an adverse effect on Malaysia’s carbon emissions where GDP growth fosters carbon emissions at a faster rate. Thus, the effective implementation of policy measures and economic instruments including afforestation and reforestation, forest conservation, sustainable forest management, REDD+ (reducing emissions from deforestation and forest degradation plus) mechanism and other emission reduction mechanisms inter alia could be useful for reducing carbon emissions while decreasing deforestation and maintaining the long-term economic growth in Malaysia.

scholarly journals Does urbanization intensify carbon emissions in Nigeria?

2020 ◽  
Vol 17 (2) ◽  
pp. 161-177
Author(s):  
Muhammad Shehu
Keyword(s):  
Carbon Emissions ◽  
Carbon Emission ◽  
Energy Use ◽  
Time Series Data ◽  
Positive Impact ◽  
Series Data ◽  
Short Term ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag

This study examines the urbanization and CO2 emissions nexus in Nigeria using the Autoregressive Distributed Lag (ARDL) method to analyze the annual time series data spanning from 1974 to 2015. Findings suggest that urbanization, GDP, energy use, and carbon emissions are strongly and positively correlated, while trade and carbon emissions exhibit a weak and negative correlation. The ARDL result shows a negatively significant short-term and long-term connection between urbanization and carbon emission in the Nigerian economy. In the short-term, GDP, trade and energy use positively affect carbon emission while in the long-term, trade and GDP negatively affect carbon emissions with energy use having a positive impact on carbon emissions. The study, therefore, concludes that urbanization does not cause carbon emission to rise in Nigeria, but energy use does. From the findings, it was recommended that there is a need for the use of energy-saving and environmentally friendly technology to reduce the amount of carbon emission in the economy.

scholarly journals Empirical Analysis of the Relationship Between the Development of China's Tourism Industry and Economic Growth Based on VAR Model

2021 ◽  
Vol 12 (4) ◽  
pp. 100
Author(s):  
Lianfeng Zhang ◽  
Yuriy Danko ◽  
Jianmin Wang ◽  
Zhuanqing Chen
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Tourism Development ◽  
Tourism Industry ◽  
Series Data ◽  
Var Model ◽  
Long Run ◽  
Equilibrium Relationship ◽  
The Relationship

The relationship between tourism development and economic growth has been a hot topic in the field of tourism economy in recent years, and whether there is a long-term equilibrium relationship between tourism development variables and economic variables (usually GDP) is also a hot topic. By identifying the long-term equilibrium relationship between two variables, we can find the quantitative variation law (generally effect) of one variable with the other. Based on the vector autoregression of the time series data of China's tourism development from 2000 to 2019, it is found that there is a long-term equilibrium relationship between China's tourism foreign exchange income and domestic tourism gross income and their respective GDP, and the long-term effect is 99% respectively. Through the establishment of the VAR model for the development of China's tourism industry and economic growth, in the long run, they have a balanced relationship of mutual promotion, so as to further guide the development of China's tourism.

scholarly journals Economic Growth and Carbon Emission Nexus: A Survey

2021 ◽  
Author(s):  
Rongrong Li ◽  
Qiang Wang ◽  
Lina Zhan
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Carbon Emission ◽  
Future Research ◽  
Science Data ◽  
Hotspot Analysis ◽  
Research Directions ◽  
Future Research Directions ◽  
The Relationship

Abstract Developing better mitigation strategy requires a comprehensive understanding the relationship between economic growth and carbon emission. Through a literature review, we summarized the following five relationship reported in existing studies: (i) a single causal from economic growth to carbon emission, (ii) a single causal from carbon emissions to economic growth, (iii) a bidirectional causality, (iv) the Environmental Kuznets Curve, (v) no obvious relationship. And then, we further quantify contribution of countries, institutes, authors, investigate research hotspot, and explore future research directions of carbon emissions and economic growth nexus using web of science data from 2001-2019. We find regardless of the total number of publications, institutions and highly cited papers, China research on carbon emissions and economic growth has always been among the best. By analyzing the cooperation relationship between countries and institutions, more than half of the institutions are more inclined to cooperate with institutions in their own countries rather than abroad. Through keyword hotspot analysis and keyword trend analysis, we uncovered the future research directions and hotspots of carbon emissions and economic growth: ①What is the relationship between carbon emissions, economic growth and energy consumption. ②The efforts of China in carbon reduction and economic growth. ③How to reduce carbon dioxide emissions while ensuring stable economic growth. ④The research on carbon emissions and economic growth in the fields of urbanization, financial development, renewable energy, and climate change.

scholarly journals Non-bank financial institutions and economic growth: Evidence from Africa’s three largest economies

2017 ◽  
Vol 20 (1) ◽  
Author(s):  
Ronald Rateiwa ◽  
Meshach J. Aziakpono
Keyword(s):  
Economic Growth ◽  
South Africa ◽  
Financial Institutions ◽  
Time Series Data ◽  
Bank Lending ◽  
Series Data ◽  
The Sustainable Development ◽  
Long Run ◽  
The Relationship

Background: In order for the post-2015 world development agenda – termed the sustainable development goals (SDGs) – to succeed, there is a pronounced need to ensure that available resources are used more effectively and additional financing is accessed from the private sector. Given that traditional bank lending has slowed down, the development of non-bank financing has become imperative. To this end, this article intends to empirically test the role of non-bank financial institutions (NBFIs) in stimulating economic growth.Aim: The aim of this article is to empirically test the existence of a long-run equilibrium relationship between economic growth and the development of NBFIs, and the causality thereof.Setting: The empirical assessment uses time-series data from Africa’s three largest economies, namely, Egypt, Nigeria and South Africa, over the period 1971–2013.Methods: This article uses the Johansen cointegration and vector error correction model within a country-specific setting.Results: The results showed that the long-run relationship between NBFI development and economic growth is relatively stronger in Egypt and South Africa, than in Nigeria. Evidence in respect of Nigeria shows that such a relationship is weak. The nature of the relationship between NBFI development and economic growth in Egypt is positive and significant, and predominantly bidirectional. This suggests that a virtuous relationship between NBFIs and economic growth exists in Egypt. In South Africa, the relationship is positive and significant and predominantly runs from NBFI development to economic growth, implying a supply-leading phenomenon. In Nigeria, the results are weak and mixed.Conclusion: The study concludes that in countries with more developed financial systems, the role of NBFIs and their importance to the economic growth process are more pronounced. Thus, there is need for developing policies targeted at developing the NBFI sector, given their potential to contribute to economic growth.

Comparative Study on BRIC Carbon Dioxide Emissions - Econometric Empirical Test Based on Cross-Century Time Series Data

2012 ◽  
Vol 616-618 ◽  
pp. 1512-1515
Author(s):  
Wei Hua Du
Keyword(s):  
Carbon Dioxide ◽  
Time Series ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Comparative Statics ◽  
Total Carbon ◽  
Series Data ◽  
Per Capita Gdp ◽  
Bric Countries ◽  
Per Capita

Take for example the BRIC economies: Brazil, Russia, India and China. We investigated the time series data on the relationship between carbon dioxide emission and economic growth in these fast-growing developing countries by both comparative statics and comparative dynamics. The results show that there is the monotonic relationship between total carbon dioxide emissions, carbon dioxide emissions per capita and per capita GDP in any one of the BRIC countries. And there is decreasing relationship between the carbon dioxide emissions per unit GDP and per capita GDP.

Does Public Debt Service Expenditure Crowd-Out Economic Growth? Empirical Evidence from an African Developing Country

2019 ◽  
Vol 64 (3) ◽  
pp. 23-38
Author(s):  
Talknice Saungweme ◽  
Nicholas M. Odhiambo
Keyword(s):  
Economic Growth ◽  
Public Debt ◽  
Time Series Data ◽  
Policy Formulation ◽  
Debt Service ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
The Impact

Abstract This paper contributes to the ongoing debate on the impact of public debt service on economic growth; and it provides an evidence-based approach to public policy formulation in Zimbabwe. The empirical analysis was performed by applying the autoregressive distributed lag (ARDL) technique to annual time-series data from 1970 to 2017. The study findings reveal that the impact of public debt service on economic growth in Zimbabwe is negative in the short run but positive in the long run. The results are suggestive of the existence of a crowding-out effect of public debt service in Zimbabwe in the short run and a crowding-in effect in the long run. In view of these findings, the government should consider fiscal and financial policies that promote a constant supply of long-term finance, long-term fixed investments, and extension of a government securities maturity structure so as to ensure sustainable short- and long-term public debt service expenditures. The study further recommends the strengthening of non-distortionary revenue mobilisation reforms to reduce market distortions and boost domestic investment.

Study on the Relationship between Energy Consumption, Carbon Emission and Economic Growth in China

2013 ◽  
Vol 869-870 ◽  
pp. 746-749
Author(s):  
Tian Tian Jin ◽  
Jin Suo Zhang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Energy Structure ◽  
Ardl Model ◽  
Relationship Of ◽  
The Relationship ◽  
Reducing Energy

Abstract. Based on ARDL model, this paper discussed the relationship of energy consumption, carbon emission and economic growth.The results indicated that the key to reduce carbon emissions lies in reducing energy consumption, optimizing energy structure.

scholarly journals PENGARUH KORUPSI, DEMOKRASI DAN POLITIK TERHADAP KEMISKINAN DI DELAPAN NEGARA ASEAN DENGAN PERTUMBUHAN EKONOMI SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 1 (3) ◽  
pp. 845
Author(s):  
Yolanda Yolanda
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Predictor Variable ◽  
Combination Method ◽  
Annual Reports ◽  
Series Data ◽  
Transparency International ◽  
Negative Effect ◽  
Asean Countries ◽  
The Relationship

This study aims the influence of corruption, democracy and politics on poverty in ASEAN countries with economic growth as a moderating variable. The method used is using the panel regression model. This data uses a combination method between time series data from 2013 - 2016 and a cross section consisting of 8 countries. Data obtained from World Bank annual reports, Transparency International and Freedom House. The results of this study indicate that (1) Corruption Perception Index (CPI) has a significant and negative effect on poverty, meaning that if the CPI increases then poverty will decrease (2) Democracy has no significant and negative effect on poverty. This means that if democracy increases, poverty will decrease (3) Politics has a significant and negative effect on poverty, meaning that if politics increases, poverty will decrease (4) Economic growth has a significant and positive effect on poverty, meaning if economic growth increases then poverty will decline (3) Economic growth unable to moderate the relationship between corruption, democracy and politics towards poverty in 8 ASEAN countries. Economic growth as an interaction variable is a predictor variable (Predictor Moderate Variable), which means that economic growth is only an independent variable.

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