scholarly journals The Role of Globalization, Economic Growth and Natural Resources on the Ecological Footprint in Thailand: Evidence from Nonlinear Causal Estimations

Processes ◽  
2021 ◽  
Vol 9 (7) ◽  
pp. 1103
Author(s):  
Hafezali Iqbal Hussain ◽  
Muhammad Haseeb ◽  
Fakarudin Kamarudin ◽  
Zdzisława Dacko-Pikiewicz ◽  
Katarzyna Szczepańska-Woszczyna
Keyword(s):  
Economic Growth ◽  
Natural Resources ◽  
Ecological Footprint ◽  
Time Series Data ◽  
Series Data ◽  
Kuznets Curve ◽  
Annual Time Series ◽  
Asymmetric Impact ◽  
Novel Method ◽  
Shape Curve

The environmental issue has become a global problem that needs to be examined frequently, motivating researchers to investigate it. Thus, the present study has investigated the asymmetric impact of globalization, economic growth and natural resources on the ecological footprint in the presence of environmental Kuznets curve (EKC) in Thailand. The study has used annual time series data from 1970 to 2018. The study applied a novel method of nonlinear autoregressive distributive lag (ARDL). In particular, the current study has investigated the effect of positive and negative shocks on the independent variable on the dependent variable. The findings have confirmed that the effect of globalization and natural resources are significant and nonlinear. However, the effect of negative shocks of globalization and natural resources is more dominant on the ecological footprint in Thailand than the positive shocks of both variables. Moreover, the present study has also tested the presence of EKC in Thailand, and the findings confirm the presence of an inverted U-shape curve in the Thailand economy.

Modelling the Nexus Between Foreign Aid and Economic Growth: A Case of Afghanistan and Egypt

2021 ◽  
Vol 39 (2) ◽  
Author(s):  
Muhammed Ashiq Villanthenkodath ◽  
Ubaid Mushtaq
Keyword(s):  
Economic Growth ◽  
Foreign Aid ◽  
Time Series Data ◽  
Trade Openness ◽  
Political Stability ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
Annual Time Series ◽  
And Control

This paper tries to explore the existence of a long-run relationship between foreign aid and economic growth by using the data from the two highest foreign aid recipient countries. Using the annual time series data from 1965 to 2017 this study uses several econometric models such as Johansen and Juselius cointegration, Granger causality and vector auto regression to establish the long and short-run relationships among foreign aid inflows and economic growth while also considering financial development and trade openness from both the countries. The empirical results suggest that no long-run relationship exists among foreign aid inflows and economic growth for both the countries. However, unidirectional causality running from foreign aid to economic growth is indicative in both countries. Therefore, the findings in this paper support the adequate need for foreign aid for effective economic growth amid an upright policy environment, related issues of conditionality and political stability. Our results are robust to independent, and control variables and estimation techniques are also on par with robustness.

scholarly journals THE NEXUS BETWEEN TAX REFORMATION, FINANCIAL DEVELOPMENT AND ECONOMIC RECOVERY: THE CASE OF MALAYSIA

2018 ◽  
Vol 24 (3) ◽  
pp. 1258-1279 ◽  
Author(s):  
Roshaiza TAHA ◽  
Jūratė ŠLIOGERIENĖ ◽  
Nanthakumar LOGANATHAN ◽  
Izolda JOKŠIENĖ ◽  
Muhammad SHAHBAZ ◽  
...  
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Global Economy ◽  
Time Series Data ◽  
Series Data ◽  
Tax Revenue ◽  
Causality Analysis ◽  
Annual Time Series ◽  
New Policies ◽  
The Relationship

The main purpose of this paper is to establish the plausibility and the dynamic nexus between financial developments, economic growth and tax revenue in Malaysia. The analysis of these relationships is vital considering the instability of the global economy which has affected growth. In this study, we employed annual time series data covering the period of 1970–2015. Using advanced co-integration and causality analysis, we found strong evidence on the relationship between each of the examined variables. The results from this study provide evidence on the taxes-growth nexus for Malaysia. An inverted U-shaped relationship is found between financial development and tax collection, while a U-shape reflects the economic condition. The nexus between economic growth and tax revenue enhances fiscal policies in the creation of transparent and mature financial systems which will further boost the collection of government revenues in Malaysia. The results of this study may provide an avenue for researchers and policymakers to understand the nature of the relationship between the examined variables and further assist in the formulation of new policies for economic sustainability.

scholarly journals The Impact Of Oil Production On Economic Growth In OPEC Countries: Evidence From The Panel Approach

2017 ◽  
Vol 33 (2) ◽  
pp. 257-262 ◽  
Author(s):  
Benanaya Djelloul ◽  
Badreddine Talbi
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Oil Production ◽  
Series Data ◽  
Conservation Policies ◽  
Islamic Republic Of Iran ◽  
Annual Time Series ◽  
Production Economic ◽  
The Impact ◽  
Suitable Technique

This paper examines the causal relationship between oil production and economic growth in the Organization of the Petroleum Exporting Countries OPEC: Algeria, Angola, Ecuador, Islamic Republic of Iran, Iraq, Nigeria, Qatar, Saudi Arabia, UAE, and Venezuela, with annual time series data, from 1994 to 2013. A panel cointeration approach is suitable technique to examine oil production -economic growth nexus. Empirical results show that oil production variable and economic growth are cointegrated for these countries. Furthermore, we find by FMOLS approach and PMG model that for the panel as a whole there are statistically significant feedback effects between these variables which supports the energy conservation policies as a policymaker.

scholarly journals Tourism And Economic Growth In Kenya: An Empirical Investigation

2012 ◽  
Vol 11 (5) ◽  
pp. 517 ◽  
Author(s):  
Obadiah N. Kibara ◽  
Nicholas M. Odhiambo ◽  
Josephine M. Njuguna
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Tourism Development ◽  
Series Data ◽  
Bounds Testing ◽  
Critical Question ◽  
Dynamic Relationship ◽  
Long Run ◽  
Short Run ◽  
Annual Time Series

In this study, we examine the dynamic relationship between tourism sector development and economic growth using annual time-series data from Kenya. The study attempts to answer one critical question - Is tourism development in Kenya pro-growth? The study uses an ARDL-bounds testing approach to examine these linkages and also incorporates trade as an intermittent variable between tourism development and economic growth in a multivariate setting. The results of our study show that there is a uni-directional causality from tourism development to economic growth. The results are found to hold irrespective of whether the causality is estimated in the short run and long run. Other results show that international tourism Granger-causes trade, while trade Granger-causes economic growth in Kenya in both the short and the long run.

scholarly journals FOREIGN INVESTMENT INFLOWS AND THE STRUGGLE FOR A RENEWED ECONOMIC GROWTH IN NIGERIA: AN ECONOMETRIC STUDY

2019 ◽  
Vol 7 (8) ◽  
pp. 88-103
Author(s):  
Aderopo Raphael Adediyan ◽  
Emmanuel Ekomoezor
Keyword(s):  
Economic Growth ◽  
Foreign Investment ◽  
Time Series Data ◽  
Positive Impact ◽  
Labour Force ◽  
Trade Openness ◽  
Series Data ◽  
Long Run ◽  
Short Run ◽  
Annual Time Series

This study attempts to find answer to the question of whether Nigeria should intensify effort to draw home more foreign investment; would more of foreign investment inflows accelerate Nigeria economic performance? Methodologically, annual time series data from 1986 to 2018 was analyzed using ARDL approach. The key findings are that, although FDI has long-run positive impact on economic growth, FPI has no operational effect on the growth; this is true of FPI both in the long-run and short-run. Furthermore, labour force and trade openness were found to have long-run and short-run positive impact on growth. Hence, government must tactically open up economy to trans-border trade, increase labour supply and intensify effort to attract more FDI.

scholarly journals Economic Growth and Environmental Pollution in Brunei: ARDL Bounds Testing Approach to Cointegration

2019 ◽  
pp. 1-11
Author(s):  
Issa Moh’d Hemed ◽  
Suleiman Malik Faki ◽  
Salim Hamad Suleiman
Keyword(s):  
Economic Growth ◽  
Environmental Pollution ◽  
Time Series Data ◽  
Series Data ◽  
Kuznets Curve ◽  
Bounds Testing ◽  
Long Run ◽  
Short Run ◽  
The Government ◽  
Bound Test

Aims: This study examined the short run and long run dynamic relationship between economic growth and environmental pollution in Brunei. We adoptedAuto Regressive Distributed Lag (ARDL) model to scrutinize the existence of the Environmental Kuznets Curve (EKC) among the studying variables by using time series data cover the period of 1974 to 2014. Methodology: The ARDL bound test revealed the existence of long-run relationship among the integrated variables when CO2 chosen as a dependent variable. Results: The results support the existences of EKC hypotheses in the long-run whereas in the short-run an inverted U-shaped curve was not confirmed between GDP and CO2 in Brunei. The results of Granger causality based on VECM analysis have shown unidirectional causality runs from economic growth to CO2 in the short run. Further analysis through stability test indicates the coefficients in the model are stable and do not suffers with structural break within the time taken in the study. Conclusion: The government of Brunei should proceed to target the sustainable means of production, which has an environmental friendly and consumes less energy to enhance economic growth and maintain environmental quality in the long run.

scholarly journals Does trade openness cause economic growth in Bangladesh?

IIUC Studies ◽  
2020 ◽  
Vol 16 ◽  
pp. 99-110
Author(s):  
Sharmina Khanom
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Unit Root Test ◽  
Positive Association ◽  
Series Data ◽  
Restrictive Trade ◽  
Annual Time Series ◽  
The Impact ◽  
The Relationship

Bangladesh has followed a restrictive trade policy immediately after its liberation. But the system was proven wrong, and gradually it opened up its market to others and started to improve its foreign trade. This paper investigates the impact of trade openness on Bangladesh's economic growth using annual time-series data for the period from 1972-73 to 2015-16. The paper uses such econometric tools as unit root test, cointegration test and error correction model to investigate the relationship between the variables. This study revealed a positive association between export and GDP but the opposite relation between import and GDP and recommended to enhance export earnings. IIUC Studies Vol.16, December 2019: 99-110

scholarly journals Impact of Exports and Imports on Economic Growth in Rwanda: 1961-2018

2020 ◽  
Author(s):  
Charles Ruranga ◽  
Daniel S. Ruturwa ◽  
Valens Rwema
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Series Data ◽  
Causality Test ◽  
Development Indicators ◽  
Long Run ◽  
Equilibrium Relationship ◽  
Short Run ◽  
Annual Time Series ◽  
The Impact

Abstract The aim of this paper is to investigate the impact of trade on economic growth in Rwanda. This paper uses exports and imports for trade and gross domestic product for economic growth. Research questions were formulated as (1) Are exports, imports and economic growth cointegrated? (2) Is there a long or short run relationship between those Variables? (3) Are there any causal relationships between factors (4) what the direction of the causality is it? Annual time series data from World Development Indicators for the period from 1961 to 2018 have been used. The methods of linear regression for estimation of Vector Auto regressions models have been used. Our findings established that VAR was appropriate model, and GDP, Exports were stationary at first differences while Imports was stationary at second difference but not at levels. Hence the two series were integrated of order one and the third one was integrated of order two. Tests of cointegration indicates that the three variables were not cointegrated, implying there was no long run equilibrium relationship between the three series. The causality test indicated that exports and imports influenced GDP. On the other hand, we found that there was a strong evidence of unidirectional causality from exports to economic growth. However, there was bidirectional causality between GDP and imports. These results provide evidence that exports and imports, thus, were seen as the source of economic growth in Rwanda.

scholarly journals DOES TRADE OPENNESS PROMOTE ECONOMIC GROWTH? THE CASE OF SUDAN

2021 ◽  
Vol 2 (Volume 2) ◽  
pp. 123-132
Keyword(s):  
Economic Growth ◽  
Time Series Data ◽  
Trade Openness ◽  
Unit Root Test ◽  
Industrial Sector ◽  
Series Data ◽  
Kuznets Curve ◽  
Long Run ◽  
Short Run ◽  
The Impact

This study investigates the impact of trade openness on economic growth in Sudan. The study utilizes annual time series data from 1972 to 2019. The study adopts the unit root test. The Autoregressive Distributed Lag model has been used as an estimation technique. The results indicate that trade openness has a positive significant impact on the economic growth in short run. However, the impact is negative in the long run. When the long-run and short-run elasticity were compared the trade-led growth hypothesis was not found. It can be argued that the country is specialized in production of low-quality products and exporting primary products therefore the economic growth is negatively affected by trade openness. Moreover, the Environmental Kuznets Curve hypothesis results provide evidence against the existence of the hypothesis indicating that the country is still below the desired level of income. The study suggests that a country should promote the industrial sector which will help to export manufactured products and therefore will increase the productivity.

scholarly journals Empirical analysis of the environmental Kuznets Curve for atmospheric pollution and economic growth in Algeria

2021 ◽  
Vol 50 (3) ◽  
pp. 241-268
Author(s):  
Mohammed Touitou
Keyword(s):  
Economic Growth ◽  
Environmental Quality ◽  
Atmospheric Pollution ◽  
Environmental Kuznets Curve ◽  
Time Series Data ◽  
Series Data ◽  
Kuznets Curve ◽  
Cointegration Tests ◽  
Per Capita ◽  
Pollution Emissions

This study aimed at examining the Environmental Kuznets curve hypothesis for Atmospheric pollution and economic growth in Algeria, in the period 1980–2017. As indicators of pollution emissions were chosen CO2 emissions per capita (PECO2), SO2 emissions per capita (PESO2), and NOx emissions per capita (PENOx). To prove these relations, we are using time series data in Vector Autoregression model supported by cointegration tests. The results indicated that the assumption of Environmental Kuznets curve was confirmed for the case of Algeria, where the mapping showed us a curve in inverse U-shape Environmental Kuznets curve characterized by a rising phase that peaked when the level GDP was highest to move to a new downward phase where environmental quality is improving over time. In terms of the direction of causality, we identified a causal relationship to Granger from GDP to the different emissions, which justifies that the implementation of a range of measures protecting the environmental quality of Algeria should be the top priority in the context of sustainable development and enhancing the long-run growth. To reduce pollution emissions, Algeria is called upon to increase significantly the use of renewable energies and the establishment of a more efficient energy policy.

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