scholarly journals Evidence of the Environmental Kuznets Curve: Unleashing the Opportunity of Industry 4.0 in Emerging Economies

2019 ◽  
Vol 12 (3) ◽  
pp. 122 ◽  
Author(s):  
Viktoriia Koilo
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Emerging Economies ◽  
Industry 4.0 ◽  
Kuznets Curve ◽  
Eastern European ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
The Relationship

This study aims to investigate the relationship of economic development, measured as economic growth, energy use, trade and foreign direct investment, on the one hand, and environmental degradation (carbon dioxide (hereafter CO2) emissions), on the other hand, in eleven emerging Eastern European and Central Asian countries during the period of 1990 to 2014. The empirical results give an evidence of a carbon emission Kuznets curve for these emerging economies. The current income level indicates that not every country has reached the turning point for CO2 emissions reductions. Income elasticities for CO2 are positive for all eleven countries. The paper concludes that within the group, Ukraine and Kazakhstan have the most sensitive change in economic growth in respect to CO2. In addition, it concludes that there is a negative effect of total energy consumption on environment as such consumption increases CO2 emissions. The results also show a positive effect of foreign direct investment (FDI) on CO2 emissions in Eastern European and Central Asian countries. It is expected that the innovative transition to a low-carbon economy offers great opportunities for economic growth and job creation. Technological leadership (the initiative Industry 4.0) should be accompanied by the development and introduction of new technologies throughout Eastern European and Central Asian countries, hence, the paradigm of “sustainable development” should be considered as fatal. Furthermore, Eastern European and Central Asian economies should consider the experience of policy making implications made by other developing countries in gaining sustainable growth. Econometric analyses prove the existence of different impact on energy consumption of the ICT sector, which plays a key supporting role for intelligent manufacturing. Thus, there is a need for further investigations of the relationship between technology use and CO2 emissions.

scholarly journals Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission

2021 ◽  
Vol 13 (22) ◽  
pp. 12873
Author(s):  
Rundong Luo ◽  
Sami Ullah ◽  
Kishwar Ali
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Cross Section ◽  
Co2 Emission ◽  
Kuznets Curve ◽  
Asian Countries ◽  
Technology Innovations ◽  
Dynamic Ols ◽  
Green Investment ◽  
The Cross

Green investment and technology innovations are generally considered as an effective factor to mitigate CO2 emissions as these enhance cleaner production and energy efficacy. Thus, this study investigated the influence of green investment, technology innovations, and economic growth on CO2 emissions in selected Asian countries for the period 2001 to 2019. The Cross-Section dependency (CSD) signified the cross-section dependence in the panel countries, whereas CIPS and CADF testing affirmed the stationarity of all variables at the first difference. Consequently, the Westerlund cointegration method recognized a long-term association among variables. The outcomes of Panel Fully Modified OLS and Panel Dynamic OLS results indicated that green investment and technology innovations are helpful in mitigating CO2 emissions in selected Asian countries. In addition, the Environmental Kuznets Curve (EKC) postulate is validated for the given time period and indicated inverted U-shaped linkages between the economic growth and CO2 emission. The outcomes of the remaining variables, including population growth, energy consumption, FDI inflow, and trade, are estimated to have an augmenting influence on CO2 emission. Our results regarding the FDI–CO2 emissions nexus support the presence of the pollution-haven hypothesis. Moreover, the estimated results from PFMOLS and PDOLS are validated by Granger Causality, and AMG and CCEMG tests. The study suggests the adoption of renewable sources as energy input and the promotion of innovations for energy efficiencies to reduce CO2 emissions in Asian economies.

scholarly journals Frontier economies and economic growth: Evidence from European and Central Asian Countries

2020 ◽  
Vol 20 (3) ◽  
pp. 279-291 ◽  
Author(s):  
Ujkan Q. Bajra ◽  
Zenun Halili ◽  
Nimete Berisha
Keyword(s):  
Economic Growth ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries

scholarly journals Extent of the “Belt and Road” Initiative in Stimulating Economic Growth in Post-Soviet Central Asia

2021 ◽  
Vol 4 (3) ◽  
pp. 57-62
Author(s):  
Yiling Ding
Keyword(s):  
Economic Growth ◽  
Belt And Road Initiative ◽  
Asian Countries ◽  
Central Asian ◽  
Belt And Road ◽  
Central Asian Countries ◽  
Important Position ◽  
Soviet Central Asia ◽  
The Belt And Road ◽  
Five Central Asian Countries

As the “core area” of the “Silk Road Economic Belt,” the five Central Asian countries occupy an important position in the “Belt and Road” strategy. With the increase of China’s investment, the infrastructure of the five Central Asian countries has been continuously developing, economy persists to grow, and the people’s standards of living have been constantly improved. This article focuses on how the “Belt and Road” initiative has promoted the economic growth of the five Central Asian countries.

scholarly journals The Relationship between Energy Consumption and Growth in the Transition Economies of Central Asian Republics

2013 ◽  
Author(s):  
Abdullah Özdemir ◽  
Mehmet Mercan ◽  
Erkan Dendeş
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Soviet Union ◽  
Transition Period ◽  
Panel Data Analysis ◽  
Asian Countries ◽  
Capitalist System ◽  
The Soviet Union ◽  
Central Asian ◽  
Central Asian Countries

The transition period from the socialist system to the capitalist system is used to describe economies in transition. With the dissolution of the Soviet Union in the 1990s, with Central and Eastern European Countries, the Countries in Central Asia have entered into this process. Central Asian Countries haven’t entered into this process providently a lot in transitional stage. At the end of secession process from the Soviet Union, these countries had only limited industrial plants and natural resources. However, reserves of energy resources that these countries have in their economic growth have been a pusher factor. No doubt, increasing energy consumption has a significant effect in the development of the countries. The main purpose of this study is to test the existence of growth relation and energy consumptions in Central Asian Countries that live the transition period accordingly. This study investigates relationship between economic growth and energy consumption for Central Asian Countries over the period 1990-2010 by using panel data analysis. As a conclusion it is reached that there is a significant correlation between energy consumption and economic growth for these countries.

scholarly journals Exogenous vs Endogenous Growth in the EU’s EaP and Central Asian Countries

2016 ◽  
Vol 63 (s1) ◽  
pp. 109-124 ◽  
Author(s):  
Ilkhom Sharipov
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Strong Association ◽  
Development Economic ◽  
Economic Policies ◽  
Asian Countries ◽  
Macroeconomic Conditions ◽  
Active Population ◽  
Central Asian ◽  
Central Asian Countries

Abstract The main purpose of this paper is to determine and analyse the factors that affected economic growth in the EU’s Eastern Partnership and Central Asian countries in the 2000-2015 period. Economic growth is one of the main targets of economic policy of any country and influenced by various determinants. Of particular interest is the endogenous and exogenous nature of these factors. Having classified these factors into exogenous and endogenous ones, we examined and determined the significance and robustness of various factors influencing the economic growth in these countries, like investment, human capital, research and development, economic policies and macroeconomic conditions, openness to trade, geography, political factors and others. Correlation and factor analysis showed significance and strong association of GDP per capita with physical, human capital, and R&D in EaP countries and with natural resources and active population share in Central Asian countries.

scholarly journals Evaluation of decoupling of GDP and energy in Central Asia

2021 ◽  
Vol 899 (1) ◽  
pp. 012029
Author(s):  
A Junissov ◽  
A Bekaliyev ◽  
A Adamov ◽  
S G Poulopoulos
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Central Asia ◽  
Carbon Dioxide Emissions ◽  
Primary Energy ◽  
Asian Countries ◽  
Environmental Pressure ◽  
Central Asian ◽  
Central Asian Countries ◽  
Primary Energy Supply

Abstract Currently, economic growth remains the main criterion of development. However, it does come along with threats to the environment, due to its link to the increased energy consumption and carbon dioxide emissions. Decoupling can be used to break this link and stop jeopardizing the environment in the favor of economic progress. This paper focuses on the decoupling between economic growth and energy consumption in each of five Central Asian countries – Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan – from 1990 to 2014. The Tapio decoupling model was implemented in order to determine the decoupling states for each country. Gross domestic product (GDP) was used to represent the economic growth, and the total primary energy supply (TPES) described the environmental pressure. These data were obtained from the IKE World Energy Balances. Both the GDP and the TPES of most of the Central Asian countries had a parabolic trend of initial drop and further increase during the timespan analyzed. This observation can be explained by the collapse of USSR and the transition to market economy. The results of the decoupling analysis can be divided into two stages for Kazakhstan, Turkmenistan, and Uzbekistan, and into three stages for Kyrgyzstan and Tajikistan, with several different decoupling states observed during each stage. According to the results, the main decoupling states in Central Asia were expansive negative decoupling, expansive coupling, weak decoupling, and strong decoupling. The analysis showed that there is a serious environmental pressure on the economic development in Central Asia.

scholarly journals The Relationship Between CO2 Emissions, Economic and Financial Development and Fossil Fuel Energy Consumption in Central Asia

2016 ◽  
Author(s):  
Mahmut Erdoğan ◽  
Junus Ganiev
Keyword(s):  
Energy Consumption ◽  
Central Asia ◽  
Co2 Emissions ◽  
Financial Development ◽  
Fossil Fuel ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
Fossil Fuel Energy ◽  
Fossil Fuel Energy Consumption

Although environmental deterioration is a main result of the process of economic growth, global warming and climate change has been threating the quality of human life. Though Central Asian countries (Azerbaijan, Kazakhstan, Kyrgyzstan, Georgia, Tajikistan, Turkmenistan, Uzbekistan and Armenia) signed to Kyoto protocol to decrease CO2 emission levels, these countries still have environmental pollution concerns. This paper examines relationships between CO2 emissions, economic and financial development and fossil fuel energy consumption for a panel of Central Asian countries over the period 1992-2013. The findings of this study show that an inverted U shape environmental Kuznets curve for Central Asia. Moreover, energy consumption and urbanization are found to have positive effects on CO2 emissions. However, analysis suggests that financial development and trade openness are essential factors for the reduction of CO2 emissions.

scholarly journals The Influence of Exporting and Importing On Economic Growth: The Sample of Central Asia Economies

2017 ◽  
Author(s):  
Selahattin Sarı ◽  
Cevat Gerni ◽  
Çağatay Karaköy ◽  
Ömer Selçuk Emsen
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Capital Accumulation ◽  
Driving Forces ◽  
Subject Area ◽  
Economic Policies ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
Positive Effect

Become more intense in the 1980s, in parallel with globalization movements that make up the world economy, the driving forces of economic growth in the search for macro-economic policies have also changed. The importance of international trade for economic growth was seen years ago and it is a known fact that many theories have been put forward. Classical economists have made various researches around the idea of providing economic growth with international trade theories. In this context, after 1992, the Central Asian countries work in this subject area wanted to complete the transition in the economic sense by structural reforms and economic growth. Therefore, the panel date analysis about the effect of international trade on growth will be examined on Central Asian countries like Kazakhstan, Kyrgyzstan, Turkmenistan, Uzbekistan and Azerbaijan. In the finding obtained, exports and capital accumulation were found to have a positive effect on growth.

Sign in / Sign up

Export Citation Format

Share Document