scholarly journals Does Energy Intensity Affect the Relationship Between Financial Development and Environmental Pollution?

2020 ◽  
Vol 11 (1) ◽  
pp. 144-156
Author(s):  
Celil Aydin ◽  
Reyhan Demir Onay
Keyword(s):  
Environmental Pollution ◽  
Financial Development ◽  
Energy Intensity ◽  
The Relationship

Research on Energy Efficiency and Environmental Pollution in China: a Simultaneous Equations Approach

2011 ◽  
Vol 361-363 ◽  
pp. 974-977 ◽  
Author(s):  
Ying Nan Dong ◽  
Yu Duo Lu ◽  
Jiao Jiao Yu
Keyword(s):  
Energy Efficiency ◽  
Sustainable Development ◽  
Energy Consumption ◽  
Environmental Pollution ◽  
Energy Intensity ◽  
Industrial Structure ◽  
Economic Loss ◽  
Simultaneous Equations ◽  
Consumption Structure ◽  
The Relationship

This paper examined the relationship between the energy efficiency and the environmental pollution. By using the data of energy intensity and economic loss caused by environmental pollution (ELP) in China from 1989-2009, a simultaneous equations was developed. The result of two-stage OLS estimation suggested that the energy had exerted positive influences on the decreasing of the environmental pollutions. By enhancing the energy efficiency and adjusting the industrial structure and energy consumption structure, China is exploring a road for sustainable development in the energy conservation.

scholarly journals ISLAMIC FINANCIAL DEVELOPMENT IMPACT ON ENERGY INTENSITY: EVIDENCE FROM ISLAMIC BANKS

2021 ◽  
Vol 7 (4) ◽  
Author(s):  
Abdul-Jalil Ibrahim ◽  
Nasim S. Shirazi ◽  
Amin Mohseni-Cheraghlou
Keyword(s):  
Financial Development ◽  
Fixed Effects ◽  
Energy Use ◽  
Energy Intensity ◽  
Empirical Studies ◽  
Clean Energy ◽  
Islamic Banks ◽  
Energy Technologies ◽  
Banking Development ◽  
The Relationship

The relationship between financial development and energy intensity is yet firmly established as the literature is emerging, and the few empirical studies that have been done provide conflicting results. Whereas some conclude a U-shaped relationship between financial development and energy intensity, others show a linear relationship between the two variables.  This study investigates the relationship between financial development and energy intensity by focusing on the role of Islamic financial development. The study covers 30 countries where Islamic banks are present.  Using the  fixed-effects panel model, the empirical results suggest that Islamic banking development significantly increases energy intensity in the sample countries. We also identify other important factors that increase energy intensity.  These include carbon emissions, renewable energy use and energy imports. The findings point to the importance of designing policies to incentivize Islamic banks and Shari'ah-compliant investors to finance clean energy technologies as a potent tool for reducing energy intensity, achieving sustainable development, and greening Islamic finance.

scholarly journals How Does Institutional Quality Moderate the Influence of Financial Development on Environmental Pollution? Evidence From G20 Countries

2021 ◽  
Author(s):  
Toyo Amegnonna Marcel Dossou ◽  
Emmanuelle Kambaye Ndomandji
Keyword(s):  
Environmental Pollution ◽  
Co2 Emissions ◽  
Financial Development ◽  
Institutional Quality ◽  
Moderating Effect ◽  
Policy Implications ◽  
Standard Errors ◽  
Negative Effect ◽  
The Relationship ◽  
Econometric Technique

Abstract Unlike previous studies that focused mainly on the relationship between financial development and CO2 emissions, the current study examined the moderating effect of institutional quality on the influence of financial development on environmental pollution in G20 countries over the period 2003-2015. The panel corrected standard errors (PCSE) is employed as an econometric technique. The findings are established as follows: First, the findings show that institutional quality appears to have a mixed (positive and negative) effect on environmental pollution. Second, the findings show that financial development has mixed (positive and negative) effect on environmental pollution. Third, the findings also show that the interaction between institutional quality and financial development has a negative and statistically significant on environmental pollution, meaning that institutional quality complements financial sector to reduce environmental pollution. Policy implications are discussed.

The Nexus between Financial Development and Human Development: The Case of Developing Countries

2020 ◽  
Vol 8 (2) ◽  
pp. 68
Author(s):  
Bilgehan Tekin
Keyword(s):  
Developing Countries ◽  
Private Sector ◽  
Human Development ◽  
Financial Development ◽  
Cointegration Analysis ◽  
Annual Data ◽  
Causality Analysis ◽  
Development Index ◽  
Development Levels ◽  
The Relationship

The purpose of this study to examine the relationship between financial development and human development in the health and welfare dimensions of developing countries. This study aims to determine whether the financial developments of the countries have an effect on the basic human development of the individuals and whether human development indicators have an impact on financial development. In this study, the relationship between financial development and human development has been tried to be revealed by using data obtained from developing countries. Financial development levels of the countries were measured with the developed financial development index. The index is calculated by using M3 / GDP, private sector loans / GDP and loans to banks from private sector / GDP ratios. The human development index is calculated by considering various health indicators and GNP per capita. The data includes annual data for the period 1970-2016. Pedroni and Kao cointegration analysis and Dumitrescu & Hurlin panel causality analysis were performed in the study. According to the results of the study, the cointegration relationship was determined between the two variables. There is also a two-way causality between the variables.

scholarly journals Land-Use Change and Health Risks in the Process of Urbanization: A Spatiotemporal Interpretation of a Typical Case in Changzhou, China

Land ◽  
2021 ◽  
Vol 10 (8) ◽  
pp. 820
Author(s):  
Dongyang Yang ◽  
Chao Ye ◽  
Jianhua Xu
Keyword(s):  
Land Use ◽  
Land Use Change ◽  
Environmental Pollution ◽  
Environmental Health ◽  
Health Risks ◽  
Urban Land ◽  
Urban Land Use ◽  
Urban Land Expansion ◽  
Process Of Urbanization ◽  
The Relationship

China has undergone rapid urban expansion in recent decades. At the same time, environmental pollution and its risk to public health have increased. However, the relationship between urban land-use changes and health is ambiguous and insufficiently understood. Based on a typical city-scale case—namely, Changzhou, China—this research aimed to interpret the evolution of health risks alongside land-use change during the process of urbanization. We gathered data from multiple sources, including population mortality data, socioeconomic data, remote-sensing images, data for the points of interest of enterprises, and relevant information on environmental health events and cancers. The results showed that Changzhou’s urbanization was typical insofar as it was characterized by massive growth in industry, a rapid increase in the urban population, and urban land expansion. Health risks related to environmental pollution increased considerably with urban land expansion over time, and they increased with proximity to the pollution. The results from a generalized linear model confirmed that Changzhou’s urbanization triggered increasing health risks. Our study interpreted the relationship between urban land expansion and health risks from a spatiotemporal perspective. It can be used as a reference for urban planning and policymaking with regard to urban environmental health.

The relationship between financial development and economic growth in Eswatini (formerly Swaziland)

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Siphe-okuhle Fakudze ◽  
Asrat Tsegaye ◽  
Kin Sibanda
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Financial Development ◽  
Granger Causality Test ◽  
Causality Test ◽  
Content Type ◽  
Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
The Relationship

PurposeThe paper examined the relationship between financial development and economic growth for the period 1996 to 2018 in Eswatini.Design/methodology/approachThe Autoregressive Distributed Lag bounds test (ARDL) was employed to determine the long-run and short-run dynamics of the link between the variables of interest. The Granger causality test was also performed to establish the direction of causality between financial development and economic growth.FindingsThe ARDL results revealed that there is a long-run relationship between financial development and economic growth. The Granger causality test revealed bidirectional causality between money supply and economic growth, and unidirectional causality running from economic growth to financial development. The results highlight that economic growth exerts a positive and significant influence on financial development, validating the demand following hypothesis in Eswatini.Practical implicationsPolicymakers should formulate policies that aims to engineer more economic growth. The policies should strike a balance between deploying funds necessary to stimulate investment and enhancing productivity in order to enliven economic growth in Eswatini.Originality/valueThe study investigates the finance-growth linkage using time series analysis. It determines the long-run and short-run dynamics of this relationship and examines the Granger causality outcomes.

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