scholarly journals Income Inequality and CO2 Emissions in Developing Countries: The Moderating Role of Financial Instability

2020 ◽  
Vol 12 (17) ◽  
pp. 6810
Author(s):  
Bo Yang ◽  
Minhaj Ali ◽  
Shujahat Haider Hashmi ◽  
Mohsin Shabir
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Inequality ◽  
Co2 Emissions ◽  
Fossil Fuel ◽  
Trade Openness ◽  
Financial Instability ◽  
Interaction Term ◽  
Moderating Role

This paper studies the effects of income inequality and financial instability on CO2 emissions in the presence of fossil fuel energy, economic development, industrialization, and trade openness. Moreover, the present study is the first to examine the moderating role of financial instability between income inequality and CO2 emissions. We utilized panel data of forty-seven developing countries for the period 1980–2016 by utilizing the stochastic impacts by regression on population, affluence, and technology (STIRPAT) model. The empirical outcomes in all models indicate that income inequality and industrialization significantly reduce environmental degradation, while fossil fuel, trade openness, and economic growth decrease the quality of the environment. However, financial instability (without interaction term) shows no significant link to environmental quality, whereas (with interaction term) it shows a significant negative effect on CO2 emissions. In addition, the result of the interaction variable reveals that an increase in inequality, ceteris paribus, in combination with the rise in financial instability, is expected to increase pollution. Furthermore, there exists a bidirectional causal association among income inequality, financial instability, fossil fuel, trade openness, industrialization, economic growth, and the interaction variable with CO2 emissions.

scholarly journals Mapping the Moderating Role of Logistics Performance of Logistics Infrastructure on Economic Growth in Developing Countries

Economies ◽  
2021 ◽  
Vol 9 (4) ◽  
pp. 177
Author(s):  
Zunaira Khadim ◽  
Irem Batool ◽  
Ahsan Akbar ◽  
Petra Poulova ◽  
Minahs Akbar
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
World Bank ◽  
Developing Economies ◽  
Data Set ◽  
The World Bank ◽  
Efficient Performance ◽  
Moderator Role ◽  
Moderating Role

Logistics performance is an important determinant of economic growth. The present study investigates the moderating role of logistics performance of the logistic infrastructure on economic growth in developing countries. We employ the World Bank computed LPI index in the year 2010, 2012, 2014, 2016 and 2018 to measure the logistic performance. The current research includes the 50 developing economies, and a panel data set comprising of total 300 observations is collected. The study used the conventional Cobb–Douglas production function with labor, capital stock as main drivers of economic growth. The study found that the labor and capital endowments have significantly different impacts in terms of elasticity coefficients for developing countries with different logistics performance levels. It implies that logistics performance, i.e., the efficient performance of logistic infrastructure, plays a moderator role in economic growth in developing economies.

scholarly journals Economic growth in South Asia: the role of CO2 emissions, population density and trade openness

Heliyon ◽  
2020 ◽  
Vol 6 (5) ◽  
pp. e03903 ◽  
Author(s):  
Mohammad Mafizur Rahman ◽  
Kais Saidi ◽  
Mounir Ben Mbarek
Keyword(s):  
Economic Growth ◽  
Population Density ◽  
South Asia ◽  
Co2 Emissions ◽  
Trade Openness

The moderating role of corruption between economic growth and CO2 emissions: Evidence from BRICS economies

Energy ◽  
2018 ◽  
Vol 148 ◽  
pp. 506-513 ◽  
Author(s):  
Zhaohua Wang ◽  
Danish ◽  
Bin Zhang ◽  
Bo Wang
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Moderating Role

The Moderating Role of Natural Resources Between Institutional Quality and CO2 Emissions: Evidence From Developing Countries

2021 ◽  
Author(s):  
Bashir Muhammad
Keyword(s):  
Developing Countries ◽  
Natural Resources ◽  
Co2 Emissions ◽  
Generalized Method Of Moments ◽  
Institutional Quality ◽  
Fixed Effect ◽  
System Gmm ◽  
Instrumental System ◽  
Moderating Role

Abstract The recent study aim is to scrutinize the moderating role of natural resources between institutional quality and carbon dioxide (CO2) emissions in 106 developing countries from 1996 to 2017 by using dynamic fixed effect, generalized method of moments (GMM) and system generalized method of moments (system GMM) estimators as well as apply the instrumental fixed effect, the instrumental time fixed effect and instrumental system GMM estimators as robustness. We make use of dynamic models and instrumental system GMM to reduce the result of autocorrelation increasing from misspecification of a model as well as clear the biases from unnecessary data and solve the possible endogeneity issues. The empirical results indicate that financial development, trade, and institutional factors: corruption perception control, government effectiveness, political stability, regulatory quality, rule of law, and voice and accountability play a vital role in CO2 emissions reduction but natural resources along with economic growth are the core factors that cause CO2 emission in developing countries. On the opposing, natural resources boost the indirect impact of institutional quality on CO2 emissions in developing countries.

Do International Tourism, Structural Changes, Trade Openness and Economic Growth Matter in determining CO2 emissions in Pakistan?

2020 ◽  
Author(s):  
Wajahat Alia ◽  
Farah Sadiqb ◽  
Tafazal Kumail ◽  
As’ad Aburumman
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Structural Change ◽  
Co2 Emissions ◽  
Structural Changes ◽  
Trade Openness ◽  
Causality Test ◽  
Long Run ◽  
International Tourist

The present study investigates the role of international tourist arrivals, structural change, consumption of energy, international trade and economic growth on CO2 emissions in Pakistan over a period of 1980-2017. The study employed ARDL model which revealed that there is a strong positive long-run association between CO2 emission and its determinants except for structural changes and trade which have no significant impact on CO2 emissions. Results reveal that tourism activities in Pakistan are environment friendly and it can add to preserve the scenic areas and major visitors spots in the country to attract more visitors to increase the revenue of the country. The study further applied Granger causality test and ratifies unidirectional causality from structural change, international tourist arrivals and consumption of energy towards CO2 except from international trade. Moreover, this study employed DOLS technique to get long-run robust estimates.

Natural resource dependency, neoliberal globalization, and income inequality: Are they related? A longitudinal study of developing countries (1980–2010)

2016 ◽  
Vol 65 (1) ◽  
pp. 21-53 ◽  
Author(s):  
Tamer ElGindi
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Inequality ◽  
Natural Resource ◽  
Growth Rates ◽  
Trade Openness ◽  
Resource Dependency ◽  
Neoliberal Globalization ◽  
Income Inequalities ◽  
Natural Resource Dependency

Contrary to predominant neoliberal ideology that argued higher economic growth rates would eventually lead to better results in terms of income distribution, the last three decades witnessed high economic growth rates accompanied by rising income inequalities in most countries worldwide. Abundance of natural resources in several developing countries had significant implications for their economic growth and subsequent income inequality levels. Further, neoliberal globalization manifested itself in increased foreign direct investment and trade openness impacted world economies significantly. This research examines the effects of natural resource dependency, neoliberal globalization, and state-institutional factors alongside the internal development model on income inequality in a set of 96 developing countries for the period 1980–2010. Models for Prais–Winsten regressions with panel corrected standard errors show that within the internal development model, population growth rates are the most significant factor in influencing income inequality levels. Natural resource dependency is equally important and is positively associated with increasing inequalities. More detailed analyses of different types of energy-rich countries reveal varying results exemplifying the importance of exploring how different types of natural resources might affect income inequality levels rather than their sheer magnitude. Consistent with previous research, foreign direct investment indicates a robust positive association with increasing income inequalities whereas trade openness exhibits a negative association signifying the positive effect deindustrialization that took place in advanced countries might have had on developing countries. Finally and counterintuitively, democracy is associated with higher income inequalities whereas institutional quality is negatively associated with income inequality.

scholarly journals Financial development and economic growth nexus in SSA economies: The moderating role of telecommunication development

2021 ◽  
Vol 9 (1) ◽  
pp. 1862395
Author(s):  
Mac Junior Abeka ◽  
Eric Andoh ◽  
John Gartchie Gatsi ◽  
Seyram Kawor
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Moderating Role

scholarly journals Using Quantile Regression to Analyze the Relationship between Socioeconomic Indicators and Carbon Dioxide Emissions in G20 Countries

2021 ◽  
Vol 13 (13) ◽  
pp. 7011
Author(s):  
Abdulaziz A. Alotaibi ◽  
Naif Alajlan
Keyword(s):  
Carbon Dioxide ◽  
Quantile Regression ◽  
Fuel Consumption ◽  
Co2 Emissions ◽  
Fossil Fuel ◽  
Trade Openness ◽  
Policy Coordination ◽  
Socioeconomic Indicators ◽  
Control Variables ◽  
Fossil Fuel Consumption

Numerous studies addressed the impacts of social development and economic growth on the environment. This paper presents a study about the inclusive impact of social and economic factors on the environment by analyzing the association between carbon dioxide (CO2) emissions and two socioeconomic indicators, namely, Human Development Index (HDI) and Legatum Prosperity Index (LPI), under the Environmental Kuznets Curve (EKC) framework. To this end, we developed a two-stage methodology. At first, a multivariate model was constructed that accurately explains CO2 emissions by selecting the appropriate set of control variables based on model quality statistics. The control variables include GDP per capita, urbanization, fossil fuel consumption, and trade openness. Then, quantile regression was used to empirically analyze the inclusive relationship between CO2 emissions and the socioeconomic indicators, which revealed many interesting results. First, decreasing CO2 emissions was coupled with inclusive socioeconomic development. Both LPI and HDI had a negative marginal relationship with CO2 emissions at quantiles from 0.2 to 1. Second, the EKC hypothesis was valid for G20 countries during the study period with an inflection point around quantile 0.15. Third, the fossil fuel consumption had a significant positive relation with CO2 emissions, whereas urbanization and trade openness had a negative relation during the study period. Finally, this study empirically indicates that effective policies and policy coordination on broad social, living, and economic dimensions can lead to reductions in CO2 emissions while preserving inclusive growth.

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