scholarly journals Repercussions of Sustainable Agricultural Productivity, Foreign Direct Investment, Renewable Energy, and Environmental Decay: Recent Evidence from Latin America and the Caribbean

2021 ◽  
Vol 9 ◽  
Author(s):  
Sobia Naseem ◽  
Wang Hui ◽  
Muddassar Sarfraz ◽  
Muhammad Mohsin
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Environmental Sustainability ◽  
Renewable Energy Consumption ◽  
Speed Of Adjustment ◽  
Long Run ◽  
Short Run ◽  
The Relationship ◽  
Latin American And Caribbean

This research aimed to assess and implement the long- and short-run relationship of agriculture and environmental sustainability with control variables. Purposely, this research consolidated theoretical and conceptual principles to create a systematic structure in agriculture for the development of both sectors, i.e., agricultural and the environment. On this ground statement, this research was motivated to contemplate the relationship between carbon dioxide emission, agricultural production, gross domestic product, renewable energy consumption, and foreign direct investment using annual data series of Latin American and Caribbean countries from 1971 to 2018. Autoregressive distributed lag (ARDL) was used as an econometric methodology to examine the relationship among the variables. Agriculture is the most vulnerable sector in Latin American and Caribbean countries, and the economy is heavily dependent on it. The main results of this research indicated that agriculture and CO2 emissions were positively related to each other for the long and short run, which means that agricultural activities increased the CO2 emission levels. At the same time, the control variables showed mixed associations with environmental degradation as gross domestic product (GDP) was positively significant and renewable energy consumption was negatively significant. The error correction (ECt−1) term was negatively significant, confirming the long-run relationship and the speed of adjustment from short- to long-run equilibrium. Agricultural production and GDP led to increments in CO2 emissions, while renewable energy consumption negatively contributed to toxic emissions. The speed of adjustment in Latin American and Caribbean countries was nippy. It required 2.933 periods for the transformation from the short periodic phase to the long term. A comprehensive approach is the research debate rigorously and holistically based on divergent sectors of an economy and their relationship with environmental sustainability. The econometric method, symbolic system, and conceptual existence were designed originally.

Agricultural land usage and tourism impact on renewable energy consumption among Coastline Mediterranean Countries

2018 ◽  
Vol 29 (8) ◽  
pp. 1438-1454 ◽  
Author(s):  
Andrew Adewale Alola ◽  
Uju Violet Alola
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Emission ◽  
Agricultural Land ◽  
Tourism Development ◽  
Renewable Energy Consumption ◽  
Land Usage ◽  
Mediterranean Countries ◽  
Long Run ◽  
Short Run

Abstact This empirical study aims to investigate the dynamic response of renewable energy consumption to long-run disequilibrium and short-run impact of tourism development and agricultural land usage for the period of 1995 to 2014 in 16 Coastline Mediterranean Countries. For this reason, a dynamic Autoregressive Distributed Lag approach is employed in a multivariate and two-model framework such that carbon emission and gross domestic product are being controlled for in the models. Significantly, there is evidence of a joint impact of tourism development and agricultural land usage on renewable energy consumption. With a speed of adjustment of 21.6% from short-run disequilibrium to long run, their respective panel elasticities are 0.33 and negative 1.60 in the long run. Significant evidence shows that nine of the Coastline Mediterranean Countries have tourism development as a short-run factor while Slovenia and Cyprus exhibit a short-run common factor. Also, Granger causality evidences from carbon emission, gross domestic product and tourism development to renewable energy are all with feedbacks. However, Granger causality from agricultural land usage to renewable energy is without feedback. In the region, effective policy implementations through the collaborative effort of stakeholders will ensure a sustainable renewable energy development amidst agricultural and tourism activities.

scholarly journals Incorporating Environmental Pollution and Human Development in the Energy-Growth Nexus: A Novel Long Run Investigation for Pakistan

2020 ◽  
Vol 17 (14) ◽  
pp. 5154 ◽  
Author(s):  
Nabila Abid ◽  
Jianzu Wu ◽  
Fayyaz Ahmad ◽  
Muhammad Umar Draz ◽  
Abbas Ali Chandio ◽  
...  
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Human Development ◽  
Environmental Sustainability ◽  
Human Development Index ◽  
Renewable Energy Sources ◽  
Energy Sources ◽  
Renewable Energy Consumption ◽  
Long Run

Energy acts as a catalyst to boost the human development index (HDI) in a country. However, the overuse of energy leads to environmental deterioration, which is a byproduct of economic development. Due to the utilization of non-renewable energy sources for a long time, worldwide environmental conditions have become alarming. This study investigates the relationship between renewable and non-renewable energy consumption, economic growth, environmental sustainability, and the human development index (HDI) in Pakistan. The investigation incorporates population growth and technology variables to form a multivariate framework. We use a fully modified ordinary least squares (FMOLS) approach to time-series data from 1990–2017. To check the robustness of estimations, we apply the Gregory–Hansen test with a causality test under the VECM to confirm this association’s directions. Our findings confirm that non-renewable energy sources have a positive association with economic growth and CO2 emissions. However, human development, technology, and renewable energy boost economic development and reduce environmental pollution in Pakistan. The co-integration results confirmed the long run connectivity among all variables. The causality outcomes support the bidirectional causality between renewable and non-renewable energy consumption, economic growth, and CO2 emissions, both in the short and long run. These outcomes suggest that Pakistan should focus on energy shifts and gradually increase the share of renewables in its energy mix under the China Pakistan Economic Corridor (CPEC). Additionally, the government should increase human and technological development to enhance economic and environmental sustainability.

scholarly journals Re-visiting the renewable energy–economic growth nexus

2017 ◽  
Vol 11 (3) ◽  
pp. 387-403 ◽  
Author(s):  
Oluwafisayo Alabi ◽  
Ishmael Ackah ◽  
Abraham Lartey
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Ordinary Least Squares ◽  
Renewable Energy Consumption ◽  
Content Type ◽  
Dynamic Relationship ◽  
Long Run ◽  
Short Run ◽  
Opec Member ◽  
The Relationship

Purpose This paper aims to investigate the dynamic relationship between renewable energy and economic growth in African OPEC member countries (Angola, Algeria and Nigeria). Design/methodology/approach The fully modified ordinary least squares technique for heterogeneous cointegrated panels (Pedroni, 2000) is used to estimate the parameters of the model. Findings The study revealed four main findings. First, there is a bidirectional causality between renewable energy and economic growth in the long and the short run. Second, a bidirectional causality exists between non-renewable energy and economic growth in the short and long run. Third, a bidirectional causality exists between CO2 emissions and economic growth. Fourth, a unidirectional causality was also found between CO2 emissions and non-renewable energy consumption with the direction of causality stemming from the consumption of non-renewable energy to CO2 emissions. Practical implications Because renewable consumption enhances growth, OPEC-member Africa countries should encourage investment in modern renewable sources that has high conversion efficiency such as solar, wind and hydro to strengthen their response to mitigating the impacts of climate change. Originality/value This study applies multiple methods to analyze the relationship between renewable energy and economic growth in African OPEC countries.

RENEWABLE ENERGY CONSUMPTION, POLITICAL AND INSTITUTIONAL FACTORS: EVIDENCE FROM A GROUP OF EUROPEAN, ASIAN AND LATIN AMERICAN COUNTRIES

2015 ◽  
Vol 60 (01) ◽  
pp. 1550008 ◽  
Author(s):  
NICHOLAS APERGIS ◽  
SOFIA ELEFTHERIOU
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Clean Energy ◽  
Institutional Factors ◽  
Renewable Energy Consumption ◽  
Political Factors ◽  
Panel Causality ◽  
Short Run ◽  
Dynamic Relationships

This paper explores the dynamic relationships between renewable energy consumption and a number of institutional and political factors for a group of countries from Europe, Asia and Latin America spanning the period 1995–2011. The paper employs the methodology of long and short-run panel causality approach as well as the methodology of the panel Error Correction model. The empirical findings provide strong evidence that, after controlling the economic environment, both political and institutional factors exert a strong and statistically significant effect on renewable energy consumption. These findings are expected to have serious implications for policies related to clean energy.

scholarly journals Comparative analysis of energy consumption, CO2 emissions and economic growth: evidence for OECD selected countries

2016 ◽  
Vol 4 (2) ◽  
pp. 114
Author(s):  
Samia Gmidene ◽  
Saida Zaidi ◽  
Sonia Zouari Ghorbel
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Comparative Analysis ◽  
Causal Relationship ◽  
Co2 Emissions ◽  
Nuclear Energy ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Short Run

The main purpose of this study is to investigate the causal relationship among renewable energy, nuclear energy consumption, economic growth, and CO2 emissions for selected OECD countries over the period 1980 to 2013. All variables are found to be cointgrated.Results of Granger causality show long-run relationship from GDP, renewable energy consumption and nuclear energy consumption to CO2 emissions, from CO2 emissions, GDP, to renewable energy consumption, from emissions, GDP to renewable energy, and from CO2 emissions GDP and nuclear energy consumption.In short run, results show that there exists bidirectional causality between GDP and CO2 emissions, and unidirectional causality running from renewable energy consumption to GDP. Also unidirectional causality running from renewable energy consumption to CO2 emissions without feedback but no causality running from nuclear energy consumption to CO2 emissions was found. This evidence suggests that renewable energy can help to mitigate CO2 emissions, but so far, nuclear energy consumption has not reached a level where it can CO2 emissions.

scholarly journals Analysing short-run and long-run causality relationship among public spending, renewable energy consumption, non-renewable energy consumption and economic growth: Evidence from eight of South Mediterranean Countries

2021 ◽  
pp. 014459872110493
Author(s):  
Adel Ifa ◽  
Imène Guetat
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Public Spending ◽  
Causal Relationships ◽  
The South ◽  
Renewable Energy Consumption ◽  
Mediterranean Countries ◽  
Long Run ◽  
Short Run

This study aims to analyse the causal link in the short-run and long-run between economic growth, renewable energy, non-renewable energy and public spending in eight countries of the South Mediterranean Countries group during the 1980–2020 periods. Four steps are used: augmented Dickey-Fuller and Phillip Perron unit root tests to check the order of stationarity of variables, bound tests to verify the presence of cointegration, autoregressive distributed lag approach to check the effects of the dependent variables on the independent variable in short run and long run and finally the vector error correction model was used to detect the causal relationships among variables. The results approve the presence of cointegration between variables which confirm the existence of the long-run relationship. In addition, the Granger causality results show varied outcomes and the short-run causal relationships (unidirectional and bidirectional) exist in both countries of South Mediterranean Countries. These results remind the awareness of the South Mediterranean Countries government to revise their energy policy given the cost of energy consumption for importing countries. For the oil-exporting countries (Algeria and Egypt), the international energy market is an unstable market and highly dependent on external factors such as supply and demand and the stability of the world countries. So, it is good that the economies of these countries rely on new sources of energy such as renewable energy.

Renewable Energy Consumption and its Main Drivers in Latin American and Caribbean Countries: A Robust Analysis Between Static and Dynamic Panel Data Models

2021 ◽  
Vol 9 (1) ◽  
pp. 37-61
Author(s):  
S. Menéndez-Carbo
Keyword(s):  
Renewable Energy ◽  
Energy Consumption ◽  
Latin American ◽  
Energy Demand ◽  
Clean Energy ◽  
Dynamic Panel Data ◽  
Green Energy ◽  
Renewable Energy Consumption ◽  
Per Capita ◽  
Latin American And Caribbean

This study examines the potential drivers of renewable energy consumption for 22 Latin American and Caribbean countries during 2005–2014. I use the sys-GMM method to deal with the presence of endogeneity, countryspecific components and serial correlation within observations. Results confirm the dynamic behaviour of green energy consumption. Moreover, GDP per capita and CO2 emissions per capita are the determinants of this clean energy source. The positive effect of per capita GDP implies that a non-depleting alternative source has been used to satisfy an increasing energy demand, which was experienced due to the acceleration of economic growth in the region. On the other hand, the negative effect of per capita CO2 emissions reflects the weight that fossil fuels have in the energy mix. Because of some of the analysed countries’ oil-producer nature, oil prices rise is not enough for a switch response.

scholarly journals LEVEL OF EDUCATION AND RENEWABLE ENERGY CONSUMPTION NEXUS IN SAUDI ARABIA

2020 ◽  
Vol 8 (5) ◽  
pp. 88-94
Author(s):  
Haider Mahmood
Keyword(s):  
Economic Growth ◽  
Saudi Arabia ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Primary Education ◽  
Unit Root Test ◽  
Renewable Energy Consumption ◽  
Level Of Education ◽  
Long Run ◽  
Short Run

Purpose: A level of education may change the energy consumption habits of people. Further, economic growth may also demand cleaner energy consumption for better environmental quality. This research explores the impacts of education and economic growth on the renewable energy consumption of Saudi Arabia. Methodology: This research utilizes the unit root test of Dickey & Fuller (1981), cointegration test of Pesaran et al. (2001), and bound testing values of Kripfganz & Schneider (2020). Main Findings: Income and secondary education increase Renewable Energy Consumption (REC) in the long and short run. Primary education reduces REC in the long run, and the lag of primary education has a positive effect on REC. Implication: This research recommends to increase the level of education to promote renewable energy consumption for a cleaner environment. Novelty: Educational level and renewable energy consumption nexus have not been investigated in Saudi Arabia. Therefore, we claim an empirical contribution.

scholarly journals The Negative Impact of Renewable Energy Consumption on Carbon Dioxide Emissions: An empirical evidence from South American Countries

2017 ◽  
Vol 6 (5) ◽  
Author(s):  
Matheus Koengkan ◽  
José Alberto Fuinhas
Keyword(s):  
Carbon Dioxide ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Negative Impact ◽  
South American ◽  
Renewable Energy Consumption ◽  
Long Run ◽  
Short Run ◽  
The Impact

The impact of renewable energy consumption on the carbon dioxide emissions was analyzed for a panel of ten South American countries in a period from 1980 to 2012. The Autoregressive r to decompose the total effect of renewable energy consumption on the carbon dioxide emissions in its short- and long-run components. The results indicate that the consumption of renewable energy reduce the carbon dioxide emissions in -0.0420 % when the consumption of alternative sources increases in 1% in short-run. Keywords: Renewable energy, environmental, energy economics, econometric. 

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