scholarly journals Modelling the Globalization-CO2 Emissions Nexus: Evidence From Quantile-on-Quantile Approach

2021 ◽  
Author(s):  
Tomiwa Adebayo ◽  
Alex Acheampong
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Quantile Regression ◽  
Positive Feedback ◽  
Jel Classification ◽  
Policy Implications ◽  
Coal Consumption ◽  
Net Zero ◽  
Development Policies ◽  
Robustness Check

Abstract Sustainable development policies for achieving net-zero emissions require understanding the factors that influence CO2 emissions. Capitalizing on the limitations of the existing literature, this study applies the Quantile-on-Quantile (QQ) approach to investigate economic globalization’s impact on CO2 emissions in Australia for 1970-2018. The results from the QQ revealed a positive feedback linkage between globalization and CO2 emissions at all quantiles. The results further indicated that while there is a positive feedback linkage between economic growth and CO2 emissions at most quantiles, a positive feedback interconnection exists between CO2 pollution and coal consumption at all quantiles. As a robustness check, we employed the quantile regression (QR) test, and the results from QR are consistent with the findings from QQ. The consistency of the results suggests that these study findings are reliable and suitable for informing policies that seek to address CO2 emissions in Australia. The policy implications for Australia are discussed.JEL Classification: C14; C22; F64; Q56

Tourism-led and economic-driven nexus in Mauritius: Spillovers and inclusive development policies in the case of an African nation

2021 ◽  
pp. 135481662110132
Author(s):  
Rukmani Gounder
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Development Policy ◽  
Policy Implications ◽  
Time Dependent ◽  
Inclusive Development ◽  
African Countries ◽  
African Nation ◽  
Monthly Data ◽  
Development Policies

This study investigates the dynamic linkages between tourism growth and economic growth in the African island nation of Mauritius using the spillover index framework based on the monthly data from 2003M11–2020M02. The Granger causality results reflect bidirectional static linkages between tourism-led economic growth (TLEG) and economic-driven tourism growth (EDTG). The dynamic spillover findings show a varying magnitude and direction of TLEG and EDTG hypotheses that are time-dependent. These relationships indicate distinct outcomes where tourism growth or economic growth is the net transmitter or recipient of shocks. The level of spillovers is influenced by economic events, climatic disasters and the coronavirus-19 pandemic crisis. Some inclusive and sustainable development policy implications are drawn for Mauritius and other tourism-dependent African countries.

scholarly journals Revisit coal consumption, CO2 emissions and economic growth nexus in China and India using a newly developed bootstrap ARDL bound test

2017 ◽  
Vol 36 (3) ◽  
pp. 450-463 ◽  
Author(s):  
Feng-Li Lin ◽  
Roula Inglesi-Lotz ◽  
Tsangyao Chang
Keyword(s):  
Economic Growth ◽  
Granger Causality ◽  
Policy Implications ◽  
Coal Consumption ◽  
Causality Test ◽  
Ardl Model ◽  
Empirical Results ◽  
China And India ◽  
The Government ◽  
Bound Test

This study revisits coal consumption, CO2 emissions and economic growth nexus for both China and India using a newly developed Bootstrap ARDL model over the period of 1969–2015. Empirical results indicate no long-run relationship among these three variables for both China and India, and Granger causality test based on Bootstrap ARDL model indicates a feedback between coal consumption and economic growth, between economic growth and CO2 emissions and between coal consumption and CO2 emissions in China. However, we find a one-way Granger causality running from coal consumption to economic growth and the feedback hypothesis is confirmed between economic growth and CO2 emissions and between coal consumption and CO2 emissions in India. The coefficients signal that coal consumption is an important factor towards the promotion economic growth in both China and India. For China, higher economic growth reduces CO2 emissions, while for India, it further increases CO2 emissions. Our empirical results have important policy implications for the government conducting effective energy polices to promote economic growth in both China and India.

Health investments and economic growth: a quantile regression approach

2018 ◽  
Vol 17 (2) ◽  
pp. 220-245 ◽  
Author(s):  
Francisca Rosendo Silva ◽  
Marta Simões ◽  
João Sousa Andrade
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Quantile Regression ◽  
Output Growth ◽  
Policy Implications ◽  
Infant Mortality Rate ◽  
Childhood Development ◽  
Lower Growth ◽  
Content Type ◽  
The Relationship

Purpose This study aims to analyse the relationship between health human capital and economic growth for a maximum sample of 92 countries over the period 1980-2010 taking into account countries’ heterogeneity by assessing how health variables affect different countries according to their position on the conditional growth distribution. Design/methodology/approach The paper estimates a growth regression applying the methodology proposed by Canay (2011) for regression by quantiles (Koenker, 1978, 2004, 2012a, 2012b) in a panel framework. Quantile regression analysis allows us to identify the growth determinants that present a non-linear relationship with growth and determine the policy implications specifically for underperforming versus over achieving countries in terms of output growth. Findings The authors’ findings indicate that better health is positively and robustly related to growth at all quantiles, but the quantitative importance of the respective coefficients differs across quantiles, in some cases, with the sign of the relationship greater for countries that recorded lower growth rates. These results apply to both positive (life expectancy) and negative (infant mortality rate, undernourishment) health status indicators. Practical implications Given the predominantly public nature of health funding, cuts in health expenditure should be carefully balanced even in times of public finances sustainability problems, particularly when growth slowdowns, as a decrease in the stock of health human capital could be particularly harmful for growth in under achievers. Additionally, the most effective interventions seem to be those affecting early childhood development that should receive from policymakers the necessary attention and resources. Originality/value This study contributes to the existing literature by answering the question of whether the growth effects of health human capital can differ in sign and/or magnitude depending on a country’s growth performance. The findings may help policymakers to design the most adequate growth promoting policies according to the behaviour of output growth.

scholarly journals Economic Growth and Negative Externalities in India

2019 ◽  
Vol 15 (3) ◽  
pp. 143-157
Author(s):  
Dhananjaya K
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Natural Capital ◽  
Growth Models ◽  
Future Generation ◽  
Jel Classification ◽  
Negative Externalities ◽  
Growth Environment ◽  
Bidirectional Relationship ◽  
Increasing Temperature

Of late the world has realized that the growth models that believed in growth- environment tradeoff are not sustainable. In the pursuit of increasing their GDP, countries have ignored the negative externalities of growth, which would seriously threaten the survival of the future generation. Two kinds of damage are caused by unsustainable growth. Firstly, productive base, particularly, natural capital, like forest, minerals, energy, is depleting. Secondly, environmental pollution and climate change caused by excessive CO2 emissions are threatening human lives in terms of deteriorating health conditions and increasing temperature level (OECD, 2012). In the light of these concerns, sustainable development has become an important goal of nations. This study attempts to assess the extent of negative externalities in India and analyze the relationship between negative externalities and growth of GNI. The study finds that the economic growth of India is more sustainable as compared to all income categories countries. Further, the analysis detected a bidirectional relationship between negative externalities and GNI growth in the post-1990s. Keywords: Negative Externalities, Sustainable Development, and Genuine Saving Rate. JEL Classification: Q560

scholarly journals Fiscal Decentralisation and Economic Growth: Role of Democratic Institutions

2012 ◽  
Vol 51 (3) ◽  
pp. 173-195 ◽  
Author(s):  
Nasir Iqbal ◽  
Musleh Ud Din Musleh Ud Din ◽  
Ejaz Ghani
Keyword(s):  
Economic Growth ◽  
Growth Analysis ◽  
Jel Classification ◽  
Policy Implications ◽  
Democratic Institutions ◽  
Modelling Framework ◽  
Endogenous Growth Model ◽  
Fiscal Decentralisation ◽  
The Impact

This study attempts to analyse the impact of fiscal decentralisation on economic growth. It also examines the complementarity between fiscal decentralisation and democratic institutions in promoting growth. The modelling framework is the endogenous growth model augmented with measures of fiscal decentralisation through democratic institutions. To capture the multidimensionality, three different measures of fiscal decentralisation are used. The overall analysis shows that revenue decentralisation promotes economic growth while expenditure decentralisation retards economic growth. Composite decentralisation positively influences economic growth implying that simultaneous decentralisation of revenue and expenditure reinforce each other to promote economic growth. Analysis also shows that democratic institutions play a significant role in realising the benefits of fiscal decentralisation. Various policy implications emerge from this study. JEL Classification: C26, E02, H11, H72, O11 Keywords: Fiscal Decentralisation, Democracy, Economic Growth, Pakistan

Analyzing the current effectiveness of the Russian economy's design

2020 ◽  
Vol 8 (8) ◽  
pp. 1476-1496
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Rates ◽  
Systems Approach ◽  
Mineral Resources ◽  
Cash Flows ◽  
Moscow Oblast ◽  
Structural Balance ◽  
Russian Economy ◽  
The Stability

Subject. The article discusses Russia’s economy and analyzes its effectiveness. Objectives. The study attempts to determine to what extent Russia’s economy is effective. Methods. The study is based on the systems approach and the statistical analysis. Results. I discovered significant fluctuations of the structural balance due to changing growth rates of the total gross national debt denominated in the national currency, and the stability of growth rates of governmental revenue. Changes in the RUB exchange rate and an additional growth in GDP are the main stabilizers of the structural balance, as they depend on hydrocarbon export. As a result of the analysis of cash flows, I found that the exports slowed down. Financial resources are strongly centralized, since Moscow and the Moscow Oblast are incrementing their share in the export of mineral resources, oil and refining products and import of electrical machines and equipment. Conclusions and Relevance. The fact that the Russian economy has been effectively organized is proved with the centralization of the economic power and the limits through the cross-regional corporation, such as Moscow and the Moscow Oblast, which is resilient to any regional difficulties ensuring the economic growth and sustainable development. The findings would be valuable for the political and economic community to outline and substantiate actions to keep rates of the economic growth and sustainable development of the Russian economy.

Innovative development of the enterprise as a factor of economic growth

2018 ◽  
Vol 34 (1) ◽  
pp. 125-128
Author(s):  
T. А. Sichinava ◽  
M. А. Menshikova
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Innovative Development ◽  
Innovation Development

In this article, the main elements of the concept of the essence of innovation, innovation development and enterprise sustainability, factors and principles affecting the sustainability and sustainable development of the enterprise are investigated.

Investigating the nexus between energy, economic growth, and environmental quality: A road map for the sustainable development

2021 ◽  
Author(s):  
Syed Abdul Rehman Khan ◽  
Danish Iqbal Godil ◽  
Muhammad Umer Quddoos ◽  
Zhang Yu ◽  
Muhammad Hanif Akhtar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Environmental Quality ◽  
The Sustainable Development ◽  
Road Map
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