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This study explores the relationship between renewable and non-renewable energy consumption and economic growth for a panel of five South Asian countries over the period of 1990–2014. To see the long-run co-integration between the variables, the study applies Pedroni (1999, 2004) and Kao (1999) tests. The long-run equilibrium relationship is determined using panel Fully Modified Ordinary Least Squares and panel Dynamic Ordinary Least Squares estimation techniques. Dumitrescue-Hurlin (2012) panel causality test is used to see the causal links between the variables. The study finds positive impacts of renewable and non-renewable energy consumption and fixed capital formation on economic growth. Ceteris paribus, a 1% increase in renewable energy consumption, non-renewable energy consumption and capital increased economic growth by 0.66%. 0.10% and 0.58%, respectively. It is also revealed that there is a unidirectional causality running from economic growth to renewable energy consumption. As per the obtained results, the conservation hypothesis is valid for the South Asian countries. • Renewable & non-renewable energy use and economic growth nexus is explored. • Panel FMOLS and DOLS estimation methods are used to examine the long-run effects. • Panel causality tests are used to see the causal link between the variables. • Positive impacts of both energy consumption on the economic growth are found. • A unidirectional causality from economic growth to renewable energy use is found. [ABSTRACT FROM AUTHOR]

This paper extends our knowledge on corporate corruption risk by examining whether and to what extent corporate social responsibility (CSR) affects firm-level corruption risk. Using a cross-country sample of major multinational firms, we find that firm-level CSR mitigates corruption risk. On closer examination, we find that the relationship between CSR and corruption risk is mediated by country-level variables such as institutional quality, protection of minority shareholders’ rights, stock market development and freedom of the press. Further, we find that in emerging countries, CSR mitigates corruption risk only when the country-level institutional quality is high and citizens enjoy press freedom. Our findings suggest that both formal institutions and the quality of civil society influence the effect of CSR on corruption risk. Our results remain robust to controls for endogeneity and potential sample selection bias. [ABSTRACT FROM AUTHOR]

Climate change is an increasingly serious problem, resulting in significant environmental degradation, and various policies and regulations have been adopted to achieve zero-carbon with the goal of ameliorating this issue. To end this, along with economic growth, governments should consider human activities such as tourism and energy consumption, which are responsible for raising CO 2 emissions, a proxy for environmental degradation, in the atmosphere. Tourism may contribute to climate change through various adverse activities such as transportation and hotel stays. Thus, this study investigates the long-run cointegrating relationship between tourism and environmental degradation, focusing on some other specific factors. Using data from 1976 to 2019, the autoregressive distributed lag bounds test approach is applied to obtain both long-run and short-run coefficients. The estimated results indicate that tourism obstructs the achievement of zero-carbon in Australia. Along with tourist arrivals, energy consumption and gross domestic product are also significant contributors which have a positive and statistically significant long-run relationship with carbon emissions. This study provides policy implications for zero-carbon and sustainable tourism growth in Australia. • Climate change is an increasingly serious issue, resulting in environmental degradation. • Investigates the tourist arrivals and CO 2 emissions nexus. • Results show tourism has significant impact on the environment and is barrier to achieve zero-carbon. • Energy consumption and GDP are also significant contributor to the CO 2 emissions. • Policy considerations are proposed. [ABSTRACT FROM AUTHOR]

High level of carbon emissions is still a policy agenda because of its detrimental effect on environment. CO 2 emissions are growing quickly in emerging countries with the high energy consumption, industrial activities, and rapid globalization. So, it is important to examine the roles of emission-inducing factors in these countries. To this end, this research investigates the dynamic effects of energy intensity, renewable energy, industrialization, urbanization and international trade on carbon intensity in the 25 largest emerging economies of the world. The study is based on the data period of 1990–2018, where the Pool Mean Group (PMG) estimation technique of the panel Autoregressive Distributed Lag (ARDL) approach is used, along with different diagnostic tests. The findings are, in the long-run, carbon intensity is increased by energy intensity and industrialization, and decreased by renewable energy use and urbanization. An increase of one unit in energy intensity and industrialization increased carbon intensity by 2.616 unit and 0.002 unit, respectively. Conversely, carbon intensity reduced by 0.003 unit with an increase of one unit in renewable energy and urbanization. In the short-run, carbon intensity is positively associated with energy intensity only with a coefficient value of 0.811. Therefore, an increase in renewable energy production and use, and enhancement of green technology for industrial production can be viable options for carbon reduction. [Display omitted] • Renewable energy, energy intensity, industrialization, and carbon intensity. • Panel ARDL approach is applied on the 25 largest emerging economies. • Energy intensity and industrialization increase carbon intensity. • Renewable energy use and urbanization decrease carbon intensity. • An increase in renewable energy production and use is a viable policy option. [ABSTRACT FROM AUTHOR]