198 results on '"ECONOMIC expansion"'
Search Results
2. Sustainable Energy Development and Sustainable Economic Development in EU Countries.
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Jędrzejczak-Gas, Janina, Wyrwa, Joanna, and Barska, Anetta
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CLEAN energy , *ENERGY development , *EVIDENCE gaps , *ENERGY consumption , *ECONOMIC expansion - Abstract
Sustainable development is the subject of many economic analyses, but so far no attempt has been made to identify the main mechanism of interdependence between sustainable energy development and sustainable economic development in the second decade of the 21st century. The particular role of energy in achieving the Sustainable Development Goals is due to the fact that the production, supply and use of energy underpin economic growth. The article fills this research gap and spawns both a better understanding of the essence of sustainable development as well as practical conclusions. The aim is to assess sustainable energy development and sustainable economic development in EU member states and to determine the correlation between the two in the EU. Substantive and formal methods were used to select diagnostic variables, including: the parametric method, the standardized sums method, and correlation analysis. The analysis period covers the years 2014–2021. The conducted research demonstrated a significant variation in the level of sustainable energy development and sustainable economic development among EU countries. [ABSTRACT FROM AUTHOR]
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- 2024
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3. Useful Exergy as an Intermediate Input in a Two-Sector Model of the United States Economy.
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Gonçalves, João, Santos, João, Heun, Matthew, Brockway, Paul E., and Domingos, Tiago
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EXERGY , *ECONOMIC models , *ENERGY industries , *ECONOMIC expansion , *GOVERNMENT policy on climate change ,UNITED States economy - Abstract
Conventional economic growth models treat production/consumption as abstractions linked only by money flows, disregarding their connection to the physical world. Nevertheless, the existing literature suggests that energy flows can influence production and links useful exergy prices with economic growth. Useful exergy is energy measured at the stage where it produces an end-use (and is a measurement of energy quality). Not all approaches in the literature use this metric and they often consider energy as a primary input (despite it being an intermediate input). We explore the relationship between energy flows and economic growth for the US through a framework where useful exergy, the output of an "extended energy sector" (where all effects of increasing primary-to-final-to-useful exergy efficiency are located), is an intermediate input for a "non-energy sector". Together, they encompass the entire economy. We conclude that the share of investment in the extended energy sector grew with the overall economic growth throughout 1960–2020, while the labour share decreased. The non-energy sector contributed the largest share of consumption, exports, imports and labour. In recent years, the energy sector has overtaken it in terms of investment. Our two-sector model has important implications for current climate policy, namely regarding the Integrated Assessment Models on which it is based. [ABSTRACT FROM AUTHOR]
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- 2024
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4. Beyond Innovation and Use, or Why We Must Follow Technologies through Time.
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Weber, Heike
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HISTORY of technology , *TECHNOLOGY transfer , *SUBSTITUTION (Technology) , *ECONOMIC expansion , *AFTERLIFE - Abstract
Synthesizing various studies that follow technology beyond innovation and use, this article aims to continue widening the scope of history of technology toward this perspective. It argues that we must follow technology through time and—in addition to its use—its maintenance and repair, while also addressing its so-called afterlife, encompassing topics such as reuse, reconfiguration and/or restoration, decline or deliberate ruination, abandonment, and removal and/or remains. Recent studies of these issues underscore that the temporality of technology does not end with the end of its use, suggesting instead multilayered temporalities. History of technology is thus challenged to rethink some of its established and largely unquestioned approaches, such as the "innovation timeline", the model of "technology diffusion and substitution", and "lifecycle" metaphors borrowed from twentieth-century theories of economic growth and innovation. [ABSTRACT FROM AUTHOR]
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- 2024
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5. Exploring the Influence of Digital Transformation on Clean Energy Transition, Climate Change, and Economic Growth among Selected Oil-Export Countries through the Panel ARDL Approach.
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Sarabdeen, Masahina, Elhaj, Manal, and Alofaysan, Hind
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DIGITAL transformation , *ECONOMIC expansion , *SUSTAINABLE development , *CLEAN energy , *RENEWABLE energy transition (Government policy) , *ENVIRONMENTAL quality , *CLIMATE change , *COUNTRIES - Abstract
Amid global imperatives to combat climate change and achieve sustainable economic development, the convergence of digital transformation and the transition to clean energy has emerged as a critical focal point for oil-exporting nations. This study comprehensively investigates the interplay of digital technology, clean energy transition, climate change, and economic growth among selected oil-exporting nations. Drawing upon a diverse set of economic and geographical contexts, this study uses panel data analysis of data from the World Bank's Economic Indicators and the United Nations Development Program for the period from 2006 to 2020. The results show that digital technology reduces climate change by improving environmental quality, but internet and mobile access have insignificant and negative effects on environmental quality, respectively. Meanwhile, all technology variables negatively impact green energy and economic growth, while the Happy Planet Index and financial development positively impact the green energy transition. This study is important for regulators, producers, and consumers, as it provides a better understanding of the crucial role of digital transformation in sustainable development within oil-export countries. This study's findings can be used to develop policy recommendations for a low-carbon economy, the promotion of digital transformation through green energy, and the management of climate change. [ABSTRACT FROM AUTHOR]
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- 2024
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6. Analysing the Connection between Economic Growth, Conventional Energy, and Renewable Energy: A Comparative Analysis of the Caspian Countries.
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Vlăduţ, Oana, Grigore, George Eduard, Bodislav, Dumitru Alexandru, Staicu, Gabriel Ilie, and Georgescu, Raluca Iuliana
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ECONOMIC expansion , *FIXED effects model , *RENEWABLE energy sources , *COINTEGRATION , *SUSTAINABLE development , *IMPULSE response , *RANDOM effects model - Abstract
The objective of this research paper is to apply a mathematical model to estimate and predict the economic growth of the Caspian countries in the period from 1995 to 2022. We use multiple regression by applying the OLS method to estimate the impact of global oil price, energy resource production per capita, trade, and renewable energy on GDP per capita. The mathematical approach uses fixed and random effects models to assess the overall impact of the independent variables on economic growth in this region and over the period analysed. This study also aims to investigate whether the explanatory variables are cointegrated in the long run; as such, we carry out several mathematical cointegration tests, namely the Pedroni and Johansen tests. The mathematical analysis is completed by the estimation of short- and long-run parameters using the stochastic VAR/VEC models, the impulse response function, and the causality test to assess economic growth in this region. This study's main finding is that GDP per capita is increasingly influenced by its previous values, which is confirmed by considering lag 1 and lag 2. The results of the Granger causality tests identify several bidirectional relationships between GDP per capita and oil and gas production. These relationships are clearly positive evidence of the growth trend and progress of economic activity in the Caspian region. The practical implications of the study aim to promote and support the use of renewable energy sources. In this sense, policymakers in the Caspian countries should create favourable conditions for the transition to a green economy. An important aspect is the efforts of the government authorities to make their policies more environmentally friendly, as decarbonisation is a good practice in the current context of sustainability and related choices. As the Caspian countries are heavily dependent on conventional energy production, it is essential for them to increase their export earnings from energy resources via diversifying and strengthening new energy opportunities and partnerships. [ABSTRACT FROM AUTHOR]
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- 2024
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7. An Improved Inverse DEA for Assessing Economic Growth and Environmental Sustainability in OPEC Member Nations.
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Orisaremi, Kelvin K., Chan, Felix T. S., and Fu, Xiaowen
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ECONOMIC expansion , *NATURAL gas reserves , *NATURAL resources , *DATA envelopment analysis , *PETROLEUM reserves , *ENVIRONMENTAL degradation , *PER capita - Abstract
Economic growth is essential for nations endowed with natural resources as it reflects how well those resources are utilized in an efficient and sustainable way. For instance, OPEC member nations, which hold a large proportion of the world's oil and gas reserves, may require a frequent evaluation of economic growth patterns to ensure that the natural resources are best used. For this purpose, this study proposes an inverse data envelopment analysis model for assessing the optimal increase in input resources required for economic growth among OPEC member nations. In this context, economic growth is reflected in the GDP per capita, taking into account possible environmental degradation. Such a model is applied to the selected OPEC member nations, which suggests that in terms of increasing the GDP per capita, only one member was able to achieve the best efficiency (i.e., reaching the efficiency frontier), resulting in a hierarchy or dominance within the sample countries. The analysis results further identify the economic growth potential for each member country. For the case of Indonesia, the analysis suggests that further economic growth may be achieved for Indonesia without additional input resources. This calls for diversification of the nation's economy or investment in other input resources. In addition, the overall results indicated that each member nation could increase its GDP per capita while experiencing minimal environmental degradation. Our analysis not only benchmarks the growth efficiency of countries, but also identifies opportunities for more efficient and sustainable growth. [ABSTRACT FROM AUTHOR]
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- 2023
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8. Impact of Renewable and Non-Renewable Energy Consumption and CO 2 Emissions on Economic Growth in the Visegrad Countries.
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Suproń, Błażej and Myszczyszyn, Janusz
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CARBON emissions , *ECONOMIC expansion , *RENEWABLE energy sources , *ENERGY consumption , *GRANGER causality test , *EVIDENCE gaps - Abstract
This study presents empirical results regarding the relationships between renewable and non-renewable energy consumption, CO2 emissions, and the GDP within the Visegrád Group (V4) countries. Using FMOLS/DOLS and ARDL approaches, along with causality tests based on the Toda–Yamamoto method, this study explores these relationships at a regional level. The study fills the research gaps for a comprehensive analysis of the indicated relationships in the V4 countries by using both individual and panel models. The findings indicate that renewable energy has a small positive impact on long-term economic growth, with non-renewable energy having a more significant effect. Moreover, CO2 emissions have a negative impact on economic growth, suggesting an ongoing reliance on non-renewable energy sources and a burden on economic expansion. At an individual country level, the effects vary. Poland, Slovakia, and Hungary exhibit a negative relationship between CO2 emissions and economic growth. Energy sources also differ in regards to impact: in Poland, the Czech Republic, and Slovakia, non-renewable energy significantly affects economic growth, while in Hungary, renewable energy plays a more substantial role. Causality tests reveal a causal relationship between CO2 emissions and economic growth in the Czech Republic and Poland, suggesting that CO2 emissions significantly influence economic expansion. In terms of energy production, renewable energy is causally related to economic growth in the Czech Republic and Slovakia. All countries demonstrate significant causality between non-renewable energy and economic growth. Additionally, a relationship between renewable energy and CO2 emissions is confirmed in Poland. [ABSTRACT FROM AUTHOR]
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- 2023
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9. Sustainability and Renewable Energy in the UAE: A Case Study of Sharjah.
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Alnaqbi, Shaima A. and Alami, Abdul Hai
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RENEWABLE energy sources , *GREENHOUSE gas mitigation , *SOLAR energy , *ECONOMIC expansion , *COST control , *WIND power - Abstract
In 2023, the UAE adapted its National Energy Strategy to accommodate several new goals, including doubling renewable energy (RE) capacity to 14 GW by 2030. This development further highlights the significance of transitioning towards RE sources. This study focuses on examining and assessing the utilization of RE technologies in Sharjah, an emirate in the United Arab Emirates (UAE). It offers an overview of Sharjah's current energy scenario and investigates the factors influencing the adoption of RE technologies in the area. Furthermore, it provides an evaluation of RE installations, energy production capacity, and future prospects for RE in Sharjah. These findings contribute to a deeper comprehension of the transition towards RE and its potential in Sharjah. The analysis uncovers a growing inclination towards adopting RE in Sharjah. Solar energy installations are experiencing an upswing, driven by advancements in technology, cost reductions, and supportive policies. However, wind energy installations remain limited due to lower wind potential in the region. The adoption of RE technologies in Sharjah yields several advantages, including a reduction in greenhouse gas emissions, diversification of energy sources, and the potential for economic expansion. Nevertheless, challenges like intermittency, grid integration, and initial investment costs require attention to further expedite adoption. The outlook for RE in Sharjah appears promising. Sustained government backing and ongoing research and development efforts, in addition to collaborations between public and private sectors, can facilitate the wider implementation of RE technologies. Implementing policies that encourage the uptake of RE, such as feed-in tariffs and net metering, should be considered. Additionally, partnerships with international organizations and the exchange of best practices can enhance knowledge transfer and capacity building. [ABSTRACT FROM AUTHOR]
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- 2023
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10. Exploring Sustainability and Economic Growth through Generation of Renewable Energy with Respect to the Dynamical Environment.
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Bhattacharya, Sandipa, Sarkar, Mitali, Sarkar, Biswajit, and Thangavelu, Lakshmi
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SUSTAINABLE development , *RENEWABLE energy sources , *CLEAN energy , *POWER resources , *ECONOMIC expansion - Abstract
Due to rapid population growth and industrialization, the demand for electrical energy and its consumption has reached a critical point where it is no longer sustainable or stable. Therefore, it is imperative to explore new and reliable energy generation alternatives considering technical and economic perspectives, regardless of whether the community is isolated or urbanized. The research introduces a mixed-integer non-linear programming model of an energy supply chain that combines the roles of a manufacturer and retailer within a dynamic solar energy framework. The study highlights the manufacturer's significant efforts to sustain itself in a competitive market and emphasizes the importance of government subsidies to support this approach. To meet the demands of a dynamic environment, a non-continuous demand function is utilized to generate and transmit energy at a highly sustainable level, promoting ecological balance. The model's validity is confirmed through experimental evaluation using two case studies. Furthermore, by increasing the demand by 50%, this study demonstrates the potential for economic growth, resulting in a 20% profit for the manufacturer in the retail sector. This research ensures improved energy efficiency and greener consumption practices and addresses the optimal distribution of renewable energy to minimize imbalances. Finally, it reveals a pathway to sustainable development that promotes technological advancements while minimizing costs, offering a cost-effective scenario for the foreseeable future. [ABSTRACT FROM AUTHOR]
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- 2023
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11. Deciphering China's Socio-Economic Disparities: A Comprehensive Study Using Nighttime Light Data.
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Chen, Tianyu, Zhou, Yuke, Zou, Dan, Wu, Jingtao, Chen, Yang, Wu, Jiapei, and Wang, Jia
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REGIONAL development , *WEALTH distribution , *GINI coefficient , *ECONOMIC expansion , *SUSTAINABLE development - Abstract
Achieving equitable and harmonized socio-economic development is a vital gauge of national progress, particularly in geographically extensive nations such as China. This study, employing nighttime lights as a socio-economic development indicator and remote sensing vegetation indices, investigates spatial variations in wealth distribution across China's eastern and western regions, delineated by the Hu Huanyong Line. It uncovers the balance between economic growth and green space preservation and discrepancies in development and green space allocation. A thorough county-level analysis using this nighttime light (NTL) and vegetation index exposes the dynamic shifts in socio-economic focal points. The Gini coefficient, assessing inequality and spatial autocorrelation within the index ratio, enriches our regional development understanding. The findings depict a heterogeneous yet rapid economic expansion, primarily within a 30 km coastal buffer zone. Despite a decrease in Gini coefficients in both eastern and western regions, the potential for inland development escalates as coastal illumination approaches saturation. This study unveils enduring, yet lessening, economic disparities between eastern and western China, underscoring the necessity for green preservation in eastern development plans. Moreover, inland regions emerge as potential areas for accelerated development. This study offers crucial insights for formulating balanced, sustainable regional development strategies in China. [ABSTRACT FROM AUTHOR]
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- 2023
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12. Towards a Common Methodology and Modelling Tool for 100% Renewable Energy Analysis: A Review.
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Akpan, Joseph and Olanrewaju, Oludolapo
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RENEWABLE energy sources , *POWER resources , *SUSTAINABLE development , *ECONOMIC expansion , *ENERGY consumption ,DEVELOPING countries ,DEVELOPED countries - Abstract
Some advanced countries' rapid population, economic growth, and energy consumption expansion contribute significantly to global CO2 emissions. And while developed countries have achieved 100% universal access to electricity, mainly from non-renewable sources, many developing countries still lack it. This presents challenges and opportunities for achieving the United Nations' Sustainable Development Goals (SDGs) 7 and 13 of generating all energy from cleaner or low-carbon sources to reduce CO2 emissions in all countries and combating climate change consequences. Renewable energies have been widely acknowledged to greatly advance this endeavour, resulting in many studies and about 30 countries already with over 70% of their national electricity mix from RE. It has birthed a new paradigm and an emerging field of 100% RE for all purposes, recently receiving much attention from academia and in public discourse. The major challenge with this idea is that achieving such a feat requires a more diverse approach. This study emphasises the need to meet technical and non-technical requirements for working towards a 100% RE for all purposes. Therefore, our work introduces six methodological or evaluation mechanisms (herein, identified as 100% RE evaluation metrics) suitable for existing and future 100% renewable energy analysis. It then reviews energy modelling tools to identify their applicability to 100% RE analysis. The review and perspectives presented in this study will be valuable in developing a common integrated methodology and modelling tool for analysing full renewable energy adoption in countries or regions with best trade-offs, using performance indices that have not been previously used. It will also help with proper national and regional energy resources and system planning for new energy projects and installations, contributing to sustainable development. [ABSTRACT FROM AUTHOR]
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- 2023
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13. Where Are the Demographic Dividends in Sub-Saharan Africa?
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Garenne, Michel
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FERTILITY decline , *DIVIDENDS , *CHILD mortality , *FAMILY budgets , *BIRTH control , *ECONOMIC expansion , *LABOR supply - Abstract
This paper reviews the concept of the demographic dividend and the empirical evidence therefor. The demographic dividend is mainly the result of fertility decline (lower number of births, lower population growth) which translates into a population age structure with a larger work force (age 15–64) and a smaller proportion of children (age 0–14), together with initially few elderly persons (age 65+). In turn, this favors economic growth, but it also has many consequences for households and for state budgets, as well as long-term consequences for population size and the environment. The first part of this paper shows the small correlations at the national macro-economic level between dependency ratios and economic growth. The second part shows the strong correlations at the household level between levels of fertility, child mortality and modern education. The third part discusses the many other correlates of the demographic dividend. The often-cited and controversial focus of the demographic dividend on economic growth hides many other positive effects of fertility control on households, on state budgets, and, in the long-run, on societies and the environment. [ABSTRACT FROM AUTHOR]
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- 2023
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14. Associating Economic Growth and Ecological Footprints through Human Capital and Biocapacity in South Asia.
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Mehmood, Usman, Aslam, Muhammad Umar, and Javed, Muhammad Adil
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ECOLOGICAL impact , *URBANIZATION , *HUMAN capital , *ECONOMIC expansion , *ENVIRONMENTAL indicators , *ECONOMIC impact - Abstract
The ecological footprint (EF) has been used as an environmental indicator in most of the past research. Due to the complex linkages between economic growth and human development, EF has been inadequately understood in policy making. This research attempts to investigate the impacts of economic growth, human capital, biocapacity, and urbanization on the factors affecting the ecological footprint (EF) of five South Asian countries. To provide empirical evidence, this study utilizes the annual data from 1990 to 2022 for Pakistan, India, Bangladesh, Nepal, and Sri Lanka. The findings confirm the positive contribution of GDP, human capital, biocapacity, and urbanization to EF. The causality analysis shows feedback association between GDP and EF, human capital and EF, and biocapacity and EF. [ABSTRACT FROM AUTHOR]
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- 2023
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15. Modeling the Spatial Effects of Digital Data Economy on Regional Economic Growth: SAR, SEM and SAC Models.
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Varlamova, Julia and Kadochnikova, Ekaterina
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HIGH technology industries , *ECONOMIC expansion , *SYNTHETIC aperture radar , *DIGITAL transformation , *DIGITAL technology , *GINI coefficient - Abstract
The potential for the development of digital data and their infrastructure creates new opportunities for economic growth. The purpose of this study was to develop an approach to identify a set of indicators to quantify the data economy and model its impact on economic growth. The cumulative index and Gini coefficient indicated differentiation and disparity in the digital data infrastructure of 85 regions for 2016–2021. In the presence of a positive spatial correlation, digital development does not indicate clear spatial clubs. Selected according to the calculation of Lagrange multipliers and likelihood ratios, panel econometric models with spatial lags, using SAR, SEM and SAC, showed a short-term negative effect and a long-term positive effect of the digital data economy on economic growth, confirmed by the calculation of marginal effects. During the pandemic, the data economy had a positive impact on regional economic growth. The positive spatial effect of interactions between regions detected by the models in the framework of economic growth indicates the synergistic nature of digitalization. The main conclusions of this study provide evidence-based support for the digital transformation of regions and can help create information infrastructure and accumulate human capital to eliminate disparities in the digital development of regions. [ABSTRACT FROM AUTHOR]
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- 2023
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16. Effects of Energy Economic Variables on the Economic Growth of the European Union (2010–2019).
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Török, László
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ENERGY consumption , *ECONOMIC expansion , *GLOBAL Financial Crisis, 2008-2009 , *GREENHOUSE gases , *ENERGY industries , *ECONOMIC forecasting , *RENEWABLE energy sources , *MULTICOLLINEARITY - Abstract
The economic downturn caused by the financial crisis of 2008–2009 and the intensifying global climate policy trends forced changes in the energy management of the European Union. The study examined how the most relevant energy economic variables affected the economic growth of the E.U. between 2010–2019. The study used the PSL-PM methodology to explore the relationship between G.D.P. (dependent variable) and energy consumption, greenhouse gas emissions, the average energy price, and renewable energy use (independent variables). The main findings are: G.D.P. growth is negatively correlated with CO2 emissions, showing that the E.U. economy is still highly dependent on fossil fuels; the increase in the proportion of renewable energy consumption contributed to the growth of the E.U.'s G.D.P.; CO2 emissions, energy consumption, and the average energy price are more critical in E.U. member states with a lower G.D.P.; renewable energy use and energy balance are essential in countries where more emphasis is placed on replacing traditional energy sources and reducing energy dependence; there is a strong positive correlation between G.D.P. and renewable energy use, indicating that this type of energy use effectively supports E.U. economic growth. The results of the multicollinearity test show that there is also a strong linear dependence between the independent energy economic variables. One of the significances of the study is that the presented and analyzed variables and the relationships between them can contribute to optimizing the E.U.'s currently critical energy management and economic growth. [ABSTRACT FROM AUTHOR]
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- 2023
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17. Nexus between Energy Consumption, Foreign Direct Investment, Oil Prices, Economic Growth, and Carbon Emissions in Italy: Fresh Evidence from Autoregressive Distributed Lag and Wavelet Coherence Approach.
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Javed, Aamir, Rapposelli, Agnese, Shah, Mohsin, and Javed, Asif
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FOREIGN investments , *CARBON emissions , *ENERGY consumption , *PETROLEUM sales & prices , *ECONOMIC expansion - Abstract
The aim of this study is to explore the impact of economic growth (GDP), energy consumption, foreign direct investment, oil price, and exports on carbon emissions by employing yearly time series data for Italy for the period 1971–2019. For this purpose, we employed the autoregressive distributed lag (ARDL) model and wavelet coherence approach to analyze the interconnections among variables. The cointegration results confirm the long-run association between our variables. Our findings show that GDP has a positive impact on carbon emissions, while the square of GDP has a negative impact, thus confirming the presence of the EKC hypothesis. Further, oil prices have a detrimental impact on carbon emissions both in the long- and short-term; on the contrary, foreign direct investment, energy consumption, and exports promote environmental degradation. We propose some important policy recommendations based on these findings to address the environmental constraints. [ABSTRACT FROM AUTHOR]
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- 2023
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18. A Study of the Decoupling of Economic Growth from CO 2 and HFCs Emissions in the EU27 Countries.
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Cautisanu, Cristina and Hatmanu, Mariana
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CARBON emissions , *ECONOMIC expansion , *ECONOMIC activity , *ENVIRONMENTAL degradation - Abstract
Economic activities are directly supported by the natural environment, and in this context, it has become crucial to analyse the phenomenon of decoupling economic growth from environmental degradation. The negative effects of economic activities on the environment are clearly visible, and understanding how to separate economic growth from environmental harm is of utmost importance. This paper aims to study the degree of the decoupling of economic growth, measured by GDP, from environmental degradation, quantified through CO2 and HFCs emissions, at the level of each EU27 country in the periods 2008–2012 and 2013–2020. In the analysis, graphical representations and statistical tests were utilised. In the first period, most of the EU27 countries registered negative levels for the variables considered, placing them into the negative coupling stage. In the second period, the evolution of the decoupling process was visible in all the countries, enabling them to make a significant transition to the relative or absolute stages. Overall, the Nordic countries could be observed as examples of best practices, managing to achieve the most desired stage of decoupling, i.e., the absolute one. These results are important for a wide range of stakeholders implicated in the preparation of programs, projects and policies dedicated to achieving economic growth in a sustainable manner. [ABSTRACT FROM AUTHOR]
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- 2023
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19. Is There a Relationship between Increased Land-Use Intensity and the Rise in PM 2.5 Pollution Levels in the Yangtze River Economic Belt, China (2000–2021)?
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He, Jia, Jing, Yuhan, and Ran, Duan
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SPATIOTEMPORAL processes , *ECONOMIC expansion , *POLLUTION , *ECONOMIC development , *REMOTE sensing , *AIR pollution - Abstract
With the rapid urbanization and industrialization of the past few decades, environmental issues have become increasingly prominent, and air pollution in the form of PM2.5 has become a major concern in China. The Chinese government has recognized the severity of these environmental challenges and has placed great emphasis on protecting the environment while promoting economic growth. This study utilizes remote sensing technology to analyze the spatio-temporal evolution characteristics of the decoupling between land-use intensity and PM2.5 in the Yangtze River Economic Belt (YREB) using 2000–2021 series of PM2.5 and land-use-change data, with the Mean Center Change analysis and the Tapio Decoupling Model. This study attempts to analyze the causes of change from the perspectives of economic development stage and policy execution. The study found that the average PM2.5 level decreased by 11.77 μg/m3 during this period, with high levels concentrated in urban areas and low levels found in less developed regions. The central trajectory of the land-use intensity shifted southeast, indicating a consistent trend in urbanization and industrialization in that direction. Meanwhile, the average land-use intensity value increased by 0.19, with the highest values concentrated in urban areas. A total of 71.12% of the regions in the YREB exhibited strong negative decoupling or negative decoupling between land-use intensity and PM2.5 levels, suggesting rapid urbanization and industrialization with a decrease in PM2.5 levels. These findings provide insight into the dynamic relationship between economic development, urbanization, and PM2.5 in China's Yangtze River Economic Belt. [ABSTRACT FROM AUTHOR]
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- 2023
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20. Optimisation of Cycling Trends in Hamiltonian Systems of Economic Growth Models.
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Tarasyev, Alexander Mikhailovich, Usova, Anastasia Alexandrovna, and Tarasyev, Alexander Alexandrovich
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HAMILTONIAN systems , *ECONOMIC models , *ECONOMIC systems , *ECONOMIC expansion , *COBB-Douglas production function - Abstract
The paper analyses dynamical growth models predicting the cyclic development of investigated economic factors. The provided research deals with an optimal control problem based on the economic growth model with the production function of Cobb–Douglas type. Following the Pontryagin maximum principle, we derived the Hamiltonian system and conducted its qualitative analysis, which reveals conditions for the cyclic behaviour of the optimal solutions around the isolate steady state. Numerical experiments visually illustrated the obtained results by demonstrating a phase portrait corresponding to a steady state of the focal type. [ABSTRACT FROM AUTHOR]
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- 2023
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21. The Impact of Renewable Energy Consumption and Economic Growth on Environmental Quality in Africa: A Threshold Regression Analysis.
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Muazu, Abdullahi, Yu, Qian, and Alariqi, Mona
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ENVIRONMENTAL quality , *ENERGY consumption , *RENEWABLE energy sources , *ECONOMIC expansion , *REGRESSION analysis , *ELECTRIC power consumption - Abstract
Nonrenewable energy makes up a sizeable portion of Africa's gross domestic product. The continent heavily relies on nonrenewable energy sources, such as gasoline, for industrial and commercial uses, which helps it expand and develop, especially in oil-producing nations. Incorporating nonrenewable energies when analyzing the relative effects of renewable energy consumption and economic growth on environmental quality is paramount. The transition to renewable energy has been identified as a contributing factor in clean energy and sustainable development, but the consumption of renewable energy in Africa is negligible. This study employed panel threshold regression and covered data from 1990 to 2019, and examined the non-linear relationship between renewable energy consumption, economic growth, and environmental quality. According to the study's findings, the consumption of renewable energy has a nonlinearly negative relationship with carbon emission proxied environmental quality. The relationship between environmental quality and economic growth was also shown to be nonlinearly positive, pointing to the dominance of nonrenewable resources in the African industry. The report recommends an effective policy for boosting the use of renewable energy sources in order to support clean energy and sustainable development. [ABSTRACT FROM AUTHOR]
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- 2023
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22. Exploring the Impact of Economic Growth on the Environment: An Overview of Trends and Developments.
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Ekonomou, George and Halkos, George
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ECONOMIC impact , *ECONOMIC expansion , *GREENHOUSE gases , *CARBON emissions , *ENVIRONMENTAL economics , *ENVIRONMENTAL degradation , *GROWTH curves (Statistics) , *VECTOR error-correction models - Abstract
In our modern world, energy keeps the global economy running, and economic growth concerns are profoundly interrelated with environmental quality issues. Interestingly, scientists engage with empirical research to identify the impacts and causalities at the interface of economic activities, energy supply, and demand. The importance of the present study lies in a discussion of all contemporary research efforts bridging two strands of empirical literature in environmental economics: developments in energy growth nexus discussion and the environmental Kuznets curve. Furthermore, it highlights the inclusion of untested explanatory variables and the impacts on environmental degradation levels. In the context of the EKC hypothesis, the most popular indicators are greenhouse gas emissions (GHGs) and carbon dioxide emissions in conceptualizing environmental degradation. A review of relevant empirical studies disclosed additional research opportunities that can consider currently untested and less visible proxies of economic growth. For both strands in the literature, results differ based on the group of countries investigated, the econometric models adopted, the format of data, e.g., time series or panel analyses, the time frames due to data availability, and the proxies used to conceptualize energy, environmental degradation, and economic growth. Practical implications indicate that environmental degradation can be avoided or significantly limited within sustainable economic growth to reduce carbon dioxide emissions and increase the use of renewables in the energy mix. Furthermore, one particular implication is the concept of energy efficiency to reduce relevant demand to produce the same outcome or task. [ABSTRACT FROM AUTHOR]
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- 2023
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23. An Investigation of Tourism, Economic Growth, CO 2 Emissions, Trade Openness and Energy Intensity Index Nexus: Evidence for the European Union.
- Author
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Meșter, Ioana, Simuț, Ramona, Meșter, Liana, and Bâc, Dorin
- Subjects
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CARBON emissions , *PER capita , *ECONOMIC expansion , *INTERNATIONAL tourism , *TOURISM , *PRINCIPAL components analysis - Abstract
Tourism has become one of the most important sectors in many countries, significantly contributing to their economic growth and development. However, the expansion of tourism has also brought about various environmental and social challenges. The relationship between tourism, economic growth, trade openness, and the environment is diverse and complex. The objective of this paper is to investigate the relationship between the international tourism development index, GDP per capita, CO2 emissions, trade openness index as well as the energy intensity index in EU 27, over the 1995–2019 period. A composite index for international tourism was developed using the Principal Component Analysis (PCA). Panel Autoregressive distributed lag (ARDL) approach is used to reveal the long- and short-run impact of GDP per capita, CO2 emissions, trade openness index as well as the energy intensity index on the tourism development index. Panel ARDL estimates confirm some of our research hypotheses: at the level of EU countries, there is a short-run relationship between tourism and GDP per capita, but only in a few EU countries, trade openness influences tourism development index. Dumitrescu-Hurlin causality test confirms long-run feedback relationship between tourism development index and trade openness, between tourism development index and CO2 emissions, and between tourism development index and GDP and unilateral causality running from tourism development index towards energy efficiency. [ABSTRACT FROM AUTHOR]
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- 2023
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24. The Impact of ICT Capital Services on Economic Growth and Energy Efficiency in China.
- Author
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E, Huifang, Li, Shuangjie, Wang, Liming, and Xue, Huidan
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ECONOMIC expansion , *INDUSTRIAL energy consumption , *INFORMATION technology , *ENERGY consumption , *LIQUIDATING dividends - Abstract
This study aims to investigate the impact of ICT capital services on economic growth and energy efficiency in China at both national and industrial levels during the period 2000–2020. To achieve this aim, this study introduces a measurement method for capital services, explores ICT's contributions to economic growth, and analyzes the impact of ICT on energy efficiency. The empirical results of this study indicate that although the ICT capital services scale is relatively small, accounting for only 8.87% of the total in 2020, its growth rate is faster than that of non-ICT capital services, and the distribution of ICT capital services varies widely among different industries. Additionally, based on the economic growth decomposition framework, this study finds that the contribution of ICT capital services to economic growth is 6.95% on average. It is significantly higher in certain industries, such as Financial industry; Information transmission, software and information technology services; Construction; and Manufacturing compared to others. The total factor energy efficiency (TFEE) reveals that industries with higher energy consumption have lower energy efficiency, while the panel regression model illustrates that the development of ICT has a positive impact on improving energy efficiency, with variability across industries. Overall, the findings of this study provide crucial scientific evidence and policy implications for promoting the development of ICT and integrating it with various industries, which can significantly contribute to boosting economic growth and energy efficiency. [ABSTRACT FROM AUTHOR]
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- 2023
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25. Links between the Energy Intensity of Public Urban Transport, Regional Economic Growth and Urbanisation: The Case of Poland.
- Author
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Kłos-Adamkiewicz, Zuzanna, Szaruga, Elżbieta, Gozdek, Agnieszka, and Kogut-Jaworska, Magdalena
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ECONOMIC expansion , *REGIONAL development , *URBANIZATION , *VECTOR autoregression model , *CONSUMPTION (Economics) , *VECTOR error-correction models - Abstract
The article concerns the verification of links between the energy intensity of public urban transport, regional economic development and urbanisation in the light of sustainable development challenges and club convergence processes. Three research questions were formulated in the article: (1) Does the regional economic development of voivodeships affect the energy intensity of public urban transport? (2) Does urbanisation shape energy consumption patterns in public urban transport (and are there agglomeration effects)? (3) Does the level of urbanisation of voivodeships depend on their regional level? The study covered 16 subregions of Poland from 2010 to 2020. A spatial dynamic exploration of the relationships between energy intensity patterns of public urban transport and the phenomenon of urbanisation and regional economic development was carried out. Panel models of vector autoregression and panel causality testing were used. The influence of the economic development of regions and the level of urbanisation on energy intensity patterns of public urban transport was confirmed. The link between economic development and the process of urbanisation was identified. An additional effect was noticed (novelty knowledge), i.e., there is a delayed club convergence between voivodeships in the area of energy intensity of public urban transport, regional economic development and urbanisation (polyconvergence). [ABSTRACT FROM AUTHOR]
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- 2023
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26. Decoupling Analysis of Energy-Related Carbon Dioxide Emissions from Economic Growth in Poland.
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Gołaś, Zbigniew
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CARBON emissions , *CARBON dioxide analysis , *ECONOMIC expansion , *ENVIRONMENTAL indicators , *GREENHOUSE gases ,EUROPEAN Union membership - Abstract
This paper addresses the conditions behind energy-related carbon dioxide (CO2) emissions in Poland following its accession to the European Union. The study analyzed some energy, fossil fuel, economic, and environmental indicators, such as energy use, CO2 emissions, driving factors, decoupling elasticity status, and decoupling effort status. It relied on the Kaya identity and Logarithmic Mean Divisia Index (LMDI) in determining the drivers of CO2 emissions. As shown by the results, between 2004 and 2020, energy consumption in Poland grew at an average annual rate of 0.8%, while fossil fuel carbon emissions declined at 0.7% per year. Energy intensity was found to be the key force behind the reduction in CO2 emissions, whereas rapid economic growth was the main driver of CO2 emissions. While other factors, i.e., carbon intensity, energy mix, and population, also contributed to reducing the emissions, they had a much smaller—if not marginal—effect. In turn, the decoupling elasticity analysis showed that Poland mostly witnessed strong decoupling states, which means a strong decoupling of CO2 emissions from economic growth. Furthermore, it follows from the decoupling effort analysis that strong decoupling effort statuses prevailed throughout the study period, suggesting that the changes in the considered factors significantly contributed to reducing CO2 emissions. However, both the decoupling elasticity indices and the decoupling effort indices revealed the presence of an adverse trend. The above means that Poland witnessed a decline both in the strength of decoupling CO2 emissions from economic growth and in the efficiency of policies and measures designed to reduce CO2 emissions. [ABSTRACT FROM AUTHOR]
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- 2023
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27. Investigating the Growth Effect of Carbon-Intensive Economic Activities on Economic Growth: Evidence from Angola.
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Telly, Yacouba, Liu, Xuezhi, and Gbenou, Tadagbe Roger Sylvanus
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ECONOMIC activity , *ECONOMIC expansion , *NATURAL resources , *ENVIRONMENTAL quality , *EMISSIONS (Air pollution) , *ENVIRONMENTAL degradation , *AGRICULTURAL forecasts - Abstract
Despite its immense natural resources, Angola struggles to significantly improve its economy to reduce poverty. Carbon emissions have been increasing over the years, even though the country plans to reduce them by 35% by 2030. This paper attempts to assess the carbon emissions of several sectors (industries, transport, services, and residences) on economic growth, intending to find a balance between environmental protection that requires carbon emissions reduction and economic development that may add to environmental degradation. The study employed time series data on GDP, CO2, CH4, and N2O covering 1971 to 2021 and ARDL and ECM models. This is the first study at the state level in Angola on the relationship between economic development and environmental sustainability considering methane and nitrous oxide emissions. Additionally, the paper assesses the responses of GDP to deviation shock of GDP, CO2, CH4, and N2O by 2032. Phillip Perron and Augmented Dickey-Fuller tests showed that all the data are stationary at the first difference, favoring the application of the ARDL model to explore the short and long-run relationships. The result reveals that methane from agricultural activities and carbon emissions from the building sector and public services contribute to economic growth, whereas carbon emissions from industrial heat systems, non-renewable electricity production, and manufacturing industries harm economic growth. However, no relationship exists between nitrous oxide emissions and economic development. In addition, impulse response function estimates show that appropriate investments can sustain economic development over the years. Therefore, the country should diversify its economy and avoid polluting fuel sources, such as coal. Raising renewable energy's proportion in the total energy mix can support growth while considering the environmental quality. Investments in skills training, academic projects in renewable energy technologies development, agriculture mechanization, and sustainable job creation are recommended. Additionally, investing in quality seeds adapted to climate realities might help lessen climate change's adverse effects and promote growth. Manure manufacturing processes must be improved to reduce agriculture and livestock's methane and nitrous oxide emissions. The country's leaders are encouraged to promote raw material processing industries while insisting on reducing carbon emissions. [ABSTRACT FROM AUTHOR]
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- 2023
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28. Towards Sustainable European Agriculture? Assessing the EU's Progress in Limiting the Negative Ecological Effects of Agriculture on Aquatic Environments.
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Helepciuc, Florența-Elena, Todor, Arpad, Bîrsan, Constantin-Ciprian, and Mitoi, Monica-Elena
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- *
SUSTAINABLE agriculture , *ORGANIC farming , *AQUATIC biodiversity , *SOIL protection , *CROP management , *SUSTAINABILITY , *PESTICIDES , *ECONOMIC expansion - Abstract
The degradation of terrestrial and aquatic environments has significant adverse effects on biodiversity and environmental sustainability. The ever-increasing population and constant economic growth strain various ecosystems' resistance and resilience. An important factor that negatively influences terrestrial and aquatic ecosystems is the use of products used in crop management. In this article, we analyze the pesticide-related European Directives and the Nationals Action Plans (NAP) regarding the sustainable use of pesticides and other documents evaluating the NAPs implementation. We assess the first and second-generation NAPs of nine EU Member States (MS)' to evaluate if we can identify a significant shift in managing the adverse effects of pesticide use on aquatic environments. Furthermore, we evaluate the degree to which these NAPs are synergic with the EU's strategic approach to soil protection, aquatic environments, and biodiversity. [ABSTRACT FROM AUTHOR]
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- 2023
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29. The Role of Environmental Regulations, Renewable Energy, and Energy Efficiency in Finding the Path to Green Economic Growth.
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Dzwigol, Henryk, Kwilinski, Aleksy, Lyulyov, Oleksii, and Pimonenko, Tetyana
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- *
GREENHOUSE gas mitigation , *RENEWABLE energy sources , *ECONOMIC expansion , *ENVIRONMENTAL regulations , *ENERGY industries , *ENERGY consumption - Abstract
European Union (EU) countries pay meticulous attention to environmental issues and achieve carbon-free development. In this direction, reducing greenhouse gas emissions and extending renewable energy are the primary goals. At the same time, the energy price and declining energy efficiency increase countries' environmental expenditures and hinder their capabilities for economic growth. Against this backdrop, this research aims to examine the influence of environmental regulations, renewable energy, and energy efficiency on green economic growth. The originality of the study is twofold: first, it evaluates the green economic growth of a country, which simultaneously reveals the options for economic growth and the capability to eliminate its negative effect on the environment by applying the Global Malmquist–Luenberger productivity index; second, it develops an econometric model based on panel data for EU countries for 2000–2020 to investigate the nonlinear impact of environmental regulations, the effect of extending renewable energies, and the growth of energy efficiency on a country's green economic growth. The study applies the following methodology: a system generalized method of moments (GMM) analysis. The empirical results confirm the U-shape, nonlinear impact of environmental regulations on a country's green economic growth along with a gradual increase in energy efficiency. In addition, the findings indicate that renewable energy is crucial for furthering a country's green economic growth. At the same time, environmental regulation has a significant role in extending renewable energy. The study results could be used as the basis for implementing green economic growth for EU countries and improving the policy of carbon-free development of these countries. [ABSTRACT FROM AUTHOR]
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- 2023
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30. Study of Land Cover Change in the City with the Fastest Economic Growth in China (Hefei) from 2000 to 2020 Based on Google Earth Engine Platform.
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Geng, Jun, Xu, Lichen, Wang, Yuping, and Tu, Lili
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- *
LAND cover , *CITIES & towns , *LAND surface temperature , *ECONOMIC expansion , *SPATIO-temporal variation , *REMOTE-sensing images , *NAIVE Bayes classification - Abstract
Hefei's gross domestic product (GDP) growth rate ranks first among all cities in China, and it was the fastest-growing city in China from 2000 to 2020. The high-speed economic development inevitably led to rapid changes in land cover types, e.g., an increment in artificial features (built-up) and decrement in natural features (vegetation). However, (1) many previous studies focus on the land cover change in metropolis or at the global scale, yet few focus on underdeveloped but fast-growing cities; (2) land cover studies mainly focus on global variations, yet seldom on local characteristics. Thus, it is of great significance to monitor the land cover change for the city with the fastest economic growth in China based on the long time-series satellite images from both global and local perspectives. In this study, with support from huge amounts of data (including 719 Landsat TM/ETM+/OLI satellite images, land surface temperature, nighttime satellite images, DEM, multiple land cover products, and various auxiliary data), processing and parallel computing abilities of the GEE platform, classification maps of land cover in Hefei from 2000 to 2020 are produced based on a random forest machine learning method, and the spatio-temporal variations and driving factors are analyzed from both global and local viewpoints. The results show that: (1) the classification accuracy is excellent; the average overall accuracy is 93% and the Kappa coefficient is 0.88; (2) the general spatio-temporal variations in land cover in Hefei from 2000 to 2020 are obvious; the built-up area expanded from 419.72 km2 to 1530.20 km2, with a total growth rate of 264.58%. With the expansion of the built-up area, the vegetation coverage decreased by 16.61% (1652.56 km2); (3) the land surface temperature shows an increment trend in the new town yet a decrement trend in the old town due to the change in vegetation coverage and the decentration of administration centers; further analysis shows that the population and the social economy are two driving factors for land cover changes. It is worth noting that both the area and coverage of vegetation in the old town and water body area in Hefei increased significantly, although the fast urbanization inevitably caused a decrement in vegetation and water area in the whole city, indicating both the high-speed economic development and improvement in green surfaces simultaneously experienced in Hefei from 2000 to 2020. [ABSTRACT FROM AUTHOR]
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- 2023
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31. EU: The Effect of Energy Factors on Economic Growth.
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Aliev, Ayaz, Magomadova, Madina, Budkina, Anna, Harputlu, Mustafa, and Yusifova, Alagez
- Subjects
- *
ECONOMIC expansion , *ECONOMIC impact , *RENEWABLE energy sources - Abstract
In this article, we investigate the effect of different energy variables on economic growth of several oil-importing EU member states. Three periods from 2000 to 2020 were investigated. Three different types of regression models were constructed via the gretl software. Namely, the OLS, FE, and SE approaches to panel data analysis were investigated. The FE approach was chosen as the final one. The results suggest the importance of the consumption of both oil and renewable energy on economic growth. Crises of certain periods also had a noteworthy effect as well. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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32. Decoupling of Electricity Consumption Efficiency, Environmental Degradation and Economic Growth: An Empirical Analysis.
- Author
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Laghari, Fahmida, Ahmed, Farhan, Li, Hai-Xia, and Bojnec, Štefan
- Subjects
- *
ELECTRIC power consumption , *ENVIRONMENTAL degradation , *ECONOMIC expansion , *INPUT-output analysis , *GRANGER causality test , *POWER resources ,ECONOMIC conditions in China - Abstract
The present study investigates electricity consumption, carbon dioxide (CO2) emission, and economic growth decoupling using data from 1971 to 2020 for the economy of China. The study uses decoupling analysis (DA) as the prime methodology for analysis. Furthermore, the findings put forward a significant contribution to an economic picture of the economy of China and a sizeable addition to related research and findings under the assigned issues discussed in the study. The study's main contribution is to decouple electricity consumption from the gross domestic product (GDP), which is rare in the existing literature in the context of China. Moreover, the study shows the decoupling of environment affects electricity consumption, and GDP growth. The DA model shows that electricity consumption is the main driving force enhancing economic growth. However, industrialization has increased greenhouse gases, global warming, and climate change due to production and consumption. China's economy uses coal for energy resources, which indicates that China produces a large proportion of electricity with coal, which causes high CO2 emissions. Finally, further analysis with the Granger causality test confirms the main findings. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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33. Inclusive Economic Growth: Relationship between Energy and Governance Efficiency.
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Kwilinski, Aleksy, Lyulyov, Oleksii, and Pimonenko, Tetyana
- Subjects
- *
ECONOMIC expansion , *ENERGY consumption , *RENEWABLE energy transition (Government policy) , *DIGITAL transformation , *ENERGY infrastructure , *CARBON offsetting - Abstract
The ambitious goal of the European Union (EU) countries is to achieve carbon neutrality by providing inclusive economic growth, which requires the development of relevant incentives and initiatives. Furthermore, such incentives and initiatives should guarantee the achievement of the declared goals. Energy sectors are the core determinant of inclusive economic growth. Traditional energy resources (coal oriented) have a higher negative impact on nature and people's well-being than on economic and social benefits. However, the transition to renewable energy raises new issues in achieving goals of inclusive economic growth: affordable and clean energy, responsible energy consumption, and energy infrastructure. The analysis of the theoretical framework found that the digitalization of government could be a core instrument for handling the abovementioned issues. The paper aims to justify the role of green energy in achieving inclusive economic growth empirically. The study applies the following methods: fully modified Ordinary Least Square (OLS) and canonical cointegrating regression. The findings allow concluding that institutional quality passively affects inclusive economic growth and that the digitalization of government has a U-shaped impact on inclusive economic growth. In this case, countries should boost the digital transformation of public services and continuously increase the quality of institutions. [ABSTRACT FROM AUTHOR]
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- 2023
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34. The Spatial Spillover Effect and Function Routes of Transport Infrastructure Investment on Economic Growth: Evidence from Panel Data of OECD Members and Partners.
- Author
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Guo, Peiwen, Fang, Jun, and Zhu, Ke
- Subjects
- *
INFRASTRUCTURE (Economics) , *INFRASTRUCTURE funds , *ECONOMIC expansion , *STRUCTURAL equation modeling , *HIGH-income countries , *POLITICAL forecasting - Abstract
Transport infrastructure connectivity is a spatial basis for economic development and the spillover and feedback effects of transport infrastructure investment (TII) have become an impetus for economic growth (EG). However, existing research does not consider the spatial effects of TII on the gross EG and the multiple effects of TII on EG structures. To explore the spatial relationships and the functional routes between TII and EG, the spatial Durbin model (SDM) was used to empirically analyze the spatial spillover effect of TII on EG from geographical and economic perspectives based on panel data from 2007 to 2019 of 35 members and partners of the Organization for Economic Cooperation and Development (OECD+). On this basis, a structural equation model (SEM) was established to reveal the multiple mediating effects of TII on EG. Results show that (1) the SDM–SEM hybrid method can model the spatial spillover effect and function routes of TII on EG based on theoretical analysis and empirical research; (2) according to empirical analysis of the SDM model, the spatial spillover effect in high-income OECD+ countries shows a positive effect under the economic distance, while that in the upper-middle-income countries has a negative effect; (3) an empirical analysis of the function route model implies that TII in high-income OECD+ countries exerts multiple mediating effects and it mainly affects EG indirectly by means including industrial structure (IS), and the rate of contribution of the key function route FR3 is 67.25%. The following suggestions are proposed: (1) it is necessary to enhance the intensity of effective investment in transport infrastructure, focus on weak links of transport infrastructure, and pay attention to investment in burgeoning fields of the OECD+ countries; (2) differentiated TII strategies are required to be formulated according to development of OECD+ countries with different income levels; (3) it is necessary to give full play to the spatial spillover effect and multiple mediating effects of TII on EG and the TII structure should be optimized, so as to improve the economic benefits of TII. [ABSTRACT FROM AUTHOR]
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- 2023
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35. Tourism Employment and Economic Growth: Dynamic Panel Threshold Analysis.
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Vuković, Darko B., Maiti, Moinak, and Petrović, Marko D.
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ECONOMIC expansion , *TOURISM , *EMPLOYMENT , *NATIONAL income , *GROSS income , *PERCENTILES - Abstract
The manuscript reports on findings on the interconnection between tourism employment and economic growth for the selected OECD member states. The dynamic panel threshold regression method was used to analyze the data, where the threshold variable was tourism employment, and the growth of gross national income and value added by activity services were dependent variables in the corresponding models. The dataset covered the period between 2008 and 2020. Both marginal effects indicated positive implications of tourism employment on economic growth. A percent rise in tourism employment leads to an increase in gross national income by 0.15% (in the low regime) and 0.61% (in the high regime). Yet, the results revealed a negative marginal effect of tourism employment on value added by activity services. The outcomes explain that a percent rise in tourism employment in the average country will lead to a decrease in the value added by activity services, as a percentage of value added, by 0.07% (low regime) and 0.09% (high regime). Therefore, the applications of this study are twofold—the first one is its contribution to existing theoretical knowledge through the filling of the literature gaps, and the second one is related to advances in the standing policies. The main limitations and the proposal for future research are the application of random effects and smooth transition threshold models as an alternative to the indicator functions. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
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36. Greenfield Investment as a Catalyst of Green Economic Growth.
- Author
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Kwilinski, Aleksy, Lyulyov, Oleksii, and Pimonenko, Tetyana
- Subjects
- *
SUSTAINABLE investing , *ECONOMIC expansion , *NATURAL resources , *GROSS domestic product , *TECHNOLOGICAL innovations , *TOBITS - Abstract
The intensification of countries' growth causes the depletion of natural resources, biodiversity degradation, ecological imbalances, damage, and disasters. The aggravation of ecological issues requires the development of mechanisms for simultaneous achievement of economic, social, and ecological goals. The energy sector is the core direction of economic decarbonization. Therefore, green economic growth requires economic development due to the extension of innovative technologies for renewable energies and relevant investment for that. The study aims to test the hypothesis on the impact of green field investment on green economic growth. The object of the research was countries in the European Union (EU) for 2006–2020. This study applied the Malmquist-Luenberger Global Productivity Index to estimate green economic growth. It considers the resources available for the production process in the country (labor, capital, energy), the desired outcome (gross domestic product) and undesirable results (emissions to the environment) of this process. The study applied the Tobit model to test the hypothesis. The findings confirm the spatial heterogeneity of green economic growth among the EU countries. The asymmetry in technological efficiency and progress limits the efficacy of green innovations. At the same time, the obtained data confirm the research hypothesis. It is shown that along with green investments, economic openness and the efficiency of public governance have a positive effect on the green economic growth of countries. The findings highlight the importance of attracting green investments to increase green innovations in renewable energy, which boost green economic growth. This study explored the linear and direct effects of green investment on the green economic growth while eliminating the transmission impact of other mediating factors. It should be noted that further research should analyze the nonlinear impact of green investment on the green economic growth and the mediating effect, which could be caused by other variables (corruption, governance efficiency, green innovations, etc.). [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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37. The Relationship between Energy Consumption and Economic Growth in the Baltic Countries' Agriculture: A Non-Linear Framework.
- Author
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Makutėnienė, Daiva, Staugaitis, Algirdas Justinas, Vaznonis, Bernardas, and Grīnberga-Zālīte, Gunta
- Subjects
- *
VECTOR error-correction models , *GREENHOUSE gases , *ECONOMIC expansion , *ENERGY consumption , *ENVIRONMENTAL degradation , *SUSTAINABLE development , *ELECTRIC power consumption , *KUZNETS curve - Abstract
The development of a country's economy is directly related to the use of energy in that country's economic sectors. Therefore, the energy–environmental Kuznets curve (EEKC) is often used when analysing a country's potential and challenges in sustainable development, green economy, and green growth. This hypothesis tests whether there is an inverse "U"-shaped relationship between energy use and economic growth and is especially important when analysing developing countries to assess if, at a certain point, energy use begins to drop, resulting in fewer greenhouse gas emissions, environmental degradation, and the consumption of fossil-based fuels. This study aims to examine the relationship between energy consumption and economic growth in the Baltic States from 1995 to 2019, with a focus on the agriculture sector. The study uses the non-linear autoregressive distributed lag (NARDL) model for individual and panel time series. Total energy use, as well as electricity use, is included in the study, whereas gross value added is employed as a measure of economic growth. Research data analysis reveals that energy use in all three Baltic countries stabilises as gross value added increases. However, there is insufficient evidence to show that after a certain point, energy use begins to drop; thus, the hypothesis for the inverse "U"-shaped energy–environmental Kuznets curve (EEKC) is rejected. Research results have important practical implications regarding countries' policies toward energy, including the use of electricity and sustainable development. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
38. How Economic Growth Contributes to CO 2 Emissions in the Presence of Globalization and Eco-Innovations in South Asian Countries?
- Author
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Mehmood, Usman, Tariq, Salman, Ul Haq, Zia, Aslam, Muhammad Umar, and Imran, Ali
- Subjects
- *
CARBON emissions , *SOUTH Asians , *ECONOMIC expansion , *ENVIRONMENTAL quality , *RENEWABLE energy sources , *GLOBALIZATION - Abstract
Many nations made pledges at the Paris climate conference to eventually become carbon neutral. As a result, the effects of eco-innovations (ECO), globalization (GLO), and economic growth (GDP) on CO2 emissions in a panel comprising India, Pakistan, Bangladesh, Nepal, Sri Lanka, and Bhutan are assessed in this work. This study employs a unique panel (QARDL) methodology to data from 1980Q1 to 2018Q4 for analysis. The purpose of this study is to find the relation between GDP, GLO, ECO and CO2. The results show that environmental quality is being harmed because of GLO and GDP. Climate-change-causing CO2 emissions are decreasing globally thanks to ECO. Furthermore, the Environmental Kuznets Curve (EKC) theory in developing nations has been confirmed by this work. This study implies that the selected South Asian countries should switch to renewable energy sources to improve environmental quality. In addition, governments will need to rethink their approach to global trade. Importing effective technologies for producing renewable energy should be a priority. The future looks bright for these nations, as rising environmental consciousness will likely lead to the adoption of stringent environmental rules. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
39. Examining the Energy Efficiency and Economic Growth Potential in the World Energy Trilemma Countries.
- Author
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Alola, Andrew Adewale, Adebayo, Tomiwa Sunday, and Olanipekun, Ifedolapo Olabisi
- Subjects
- *
ECONOMIC expansion , *POTENTIAL energy , *SUSTAINABILITY , *ENERGY security , *ECONOMIC impact , *QUANTILE regression - Abstract
The World Energy Council has consistently formulated useful policies and ranked countries in term of their performances in environmental sustainability, energy equity, and energy security. In a novel approach, and possibly in one of the most unique studies in the World Energy Trilemma literature, the current study examines the interaction of energy efficiency and economic growth of several top-performing economies (Austria, Denmark, France, Finland, Germany, New Zealand, Sweden, Switzerland, and the United Kingdom) in respect to environmental sustainability, energy equity, and energy security. Importantly, while affirming the inappropriateness of the linear econometric approach, the study utilized the newly developed quantile-on-quantile approach to examine the dataset for the period 1990Q1 to 2018Q4. As such, the result largely indicates a significant and positive effect of economic growth toward the energy efficiency across the quantiles for the examined countries (Austria, Denmark, France, Finland, Germany, New Zealand, Sweden, Switzerland, and the United Kingdom). On the other hand, energy efficiency also impacts economic growth in most parts of the quantiles in the examined countries. However, the results show weak and negative interaction in the lower quantiles (average of 0.1–0.3) only for Denmark, Germany, and New Zealand, while the results further reveal weak and negative interaction in the middle quantile (average 0.4–0.6) for France, Finland, and Sweden. Importantly, this study presents useful economic-related policy inferences from the aspects of energy efficiency, energy security, energy equity, and environmental sustainability. [ABSTRACT FROM AUTHOR]
- Published
- 2023
- Full Text
- View/download PDF
40. Energy Intensity, Energy Efficiency and Economic Growth among OECD Nations from 2000 to 2019.
- Author
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Sueyoshi, Toshiyuki and Goto, Mika
- Subjects
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INDUSTRIAL energy consumption , *ENERGY consumption , *ECONOMIC expansion , *RETURNS to scale , *CONSUMPTION (Economics) ,DEVELOPED countries - Abstract
This study examines the energy intensity (EI), energy efficiency (EE), and economic growth, measured by the type of returns to scale (RTS), of 37 nations in the Organization for Economic Co-operation and Development (OECD) from 2000 to 2019. We apply a non-parametric approach to estimate the three measures from their consumption of four primary energy sources, such as coal, gas, oil, and zero emission (e.g., renewable and nuclear power) as inputs and gross domestic product (GDP) as an output. In this study, we have the two types of efficiency measures over time: window-based and cross-sectional-based measures. Three findings are identified from our empirical study. First, the operationally efficient group, including France, Iceland, Japan, Switzerland, UK, and USA, presented a stable status of full efficiency in the window-based efficiency measure. Iceland and Switzerland were also in the higher efficiency group based on the cross-sectional measure. Their efficiencies were high and stable over the observed periods. Second, zero-carbon-emission (e.g., renewable and nuclear) energies outperformed other energy sources (coal, gas, and oil) in terms of a potentiality of EI/EE improvement. In other words, OECD nations can improve on their EI/EE measures by reducing fuel consumption of coal, gas, and oil while maintaining their high GDP levels. Finally, four industrial nations (France, Japan, UK, and USA) had a status of unity in their EI/EE measures for zero-carbon-emission energies with decreasing RTS. These nations would increase zero-carbon emission for energy consumption to increase GDP while keeping optimal EI/EE because such changes in consumption would not largely affect EI/EE due to their constant RTS status. Iceland showed increasing RTS. The nation may improve the EI level by increasing zero-carbon-emission energy consumption and economic size. The four nations can increase zero-emission energy consumption to achieve further economic growth without observing a large deterioration of EI/EE because it is very close to constant RTS. The examination of RTS provides policy directions for the improvement of EI and EE. Switzerland showed decreasing RTS and may deteriorate the EI/EE by increasing energy consumption and the size of each economy. The remaining countries, whose degree of EI/EE measures was less than unity, showed increasing or decreasing RTS. The examination of RTS provides important implications for energy policy to enhance the degree of EI/ EE. [ABSTRACT FROM AUTHOR]
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- 2023
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41. Public Debt, Governance, and Growth in Developing Countries: An Application of Quantile via Moments.
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Musa, Kazi, Sohag, Kazi, Said, Jamaliah, Ghapar, Farha, and Ali, Norli
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PUBLIC debts , *QUANTILE regression , *BUDGET deficits , *ECONOMIC expansion , *PANEL analysis ,DEVELOPING countries - Abstract
Developing countries often encounter budget deficits by taking loans from internal and external sources. The effectiveness of public debt has been a long debate in the seminal and empirical literature. In this study, we investigate the effectiveness of public debt on economic growth, incorporating the role of governance in 44 developing countries. In doing so, we applied the Quantile Via Moments approach to analyze heterogeneous panel data ranging 1990–2000 considering the scale and location properties under different economic circumstances. Our results show that public debt impedes economic growth in all quantiles. Our empirical finding corroborates our proposition that in the presence of good governance, public debt promotes economic growth in the medium to higher quantiles. The empirical findings of this study confirm that governance is far more important in promoting economic growth. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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42. How Does Electricity Affect Economic Growth? Examining the Role of Government Policy to Selected Four South Asian Countries.
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Rahman, Mohammad Mafizur, Rayhan, Istihak, and Sultana, Nahid
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GOVERNMENT policy , *ECONOMIC expansion , *COBB-Douglas production function , *VECTOR error-correction models , *ELECTRIC power consumption , *ECONOMIC policy - Abstract
Electricity consumption and government policy are two vital elements for economic growth. Thus, this study explores the roles of electricity use and government policy in the economic growth of the selected four South Asian countries over the period from 1980 to 2014. The study includes the government policy variable in the extended Cobb–Douglas production function of the electricity driven growth model, which was absent in earlier studies. The pooled mean group-based panel autoregressive distributed lag (P-ARDL) method is used for empirical investigation, while fully modified ordinary least squares (FMOLS) and dynamic ordinary least square (DOLS) methods are used for checking the sensitivity of the P-ARDL estimates. Our results reveal that the effects of electricity, government spending, financial development and capital formation have significant positive effects on the economic growth of South Asia. However, exports and imports are found to have detrimental effects. Causality test reveals a unidirectional causality from electricity consumption to economic growth that supports the growth hypothesis. Following the findings, important policy recommendations are made to foster the economic growth in the South Asian countries. [ABSTRACT FROM AUTHOR]
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- 2023
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43. The Relationship between Geothermal Energy Consumption, Foreign Direct Investment, and Economic Growth in Geothermal Consumer Countries: Evidence from Panel Fourier Causality Test.
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Zeren, Feyyaz, Gülcan, Nazlıgül, Gürsoy, Samet, Ekşi, İbrahim Halil, Tabash, Mosab I., and Radulescu, Magdalena
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- *
VECTOR error-correction models , *FOREIGN investments , *GRANGER causality test , *ELECTRIC power consumption , *ENERGY consumption , *GEOTHERMAL resources , *ECONOMIC expansion , *ECONOMIC statistics , *CONSUMERS - Abstract
This paper investigates the relationship between geothermal energy consumption, economic growth, and foreign direct investments in countries where geothermal energy production is possible. Panel Fourier Granger causality and panel Fourier Toda–Yamamoto causality tests (2020–2021) were applied, which can take into account smooth transitional structural breaks with trigonometric functions using quarterly data for the period 2016 Q1–2020 Q3. Data were obtained from the International Energy Agency (IEA), Federal Reserve Economic Data (FRED), and the OECD official website. According to the results obtained based on panels, there is one-way causality from economic growth to geothermal energy and one-way causality from geothermal energy consumption to foreign direct investments. The results obtained based on individual countries indicate that one-way causality from foreign direct investment to geothermal energy consumption was found for Mexico and Portugal, and one-way causality from geothermal energy consumption to economic growth was found for Italy and Mexico. On the other hand, causality from economic growth to geothermal energy consumption was observed for Germany, Japan, and USA. No significant results were found for Turkey and New Zealand, and it is understood that the macroeconomic structures of these countries are not affected by geothermal energy. The difference in the results reveals that the application recommendations on this subject should also be different. [ABSTRACT FROM AUTHOR]
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- 2023
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44. The Nexus between Economic Growth, Energy Consumption, Agricultural Output, and CO 2 in Africa: Evidence from Frequency Domain Estimates.
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Lawal, Adedoyin Isola
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VECTOR error-correction models , *ENERGY consumption , *GRANGER causality test , *ECONOMIC expansion , *AGRICULTURE , *CARBON dioxide , *CARBON emissions - Abstract
This study examined the nexus between economic growth, energy consumption, and the environment with the moderating role of agricultural value addition and forest in Africa based on data sourced from 1980 to 2019. We employed both the time domain and frequency domain panel Granger causality estimation techniques to compare results across the different horizons. Extant literature suggests the inability of time domain estimation techniques to account for causality at different frequencies. The study also accounts for the nexus among our variables both at the single-country and multi-country levels. The results at the single-country level are at best mixed. The results of the panel Granger causality at the frequencies domain suggest that a bi-directional relationship exists between energy consumption and economic growth, and that energy consumption Granger causes carbon emissions in Africa. The results align with the feedback hypothesis on the one hand but contradict the conservation hypothesis on the other hand. The study has some policy implications. [ABSTRACT FROM AUTHOR]
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- 2023
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45. Economic Growth and Pollution Nexus in Mexico, Colombia, and Venezuela (G-3 Countries): The Role of Renewable Energy in Carbon Dioxide Emissions.
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Nahrin, Rifat, Rahman, Md. Hasanur, Majumder, Shapan Chandra, and Esquivias, Miguel Angel
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CARBON emissions , *RENEWABLE energy sources , *ECONOMIC expansion , *ENVIRONMENTAL quality , *POLLUTION , *GREENHOUSE gases - Abstract
The primary aspiration of this paper is to learn about the effects of economic growth (GDPG) and energy consumption (ENRC) on environmental pollution (EP) in G-3 countries and to show the significance of renewable energy consumption (RENEW) on environmental pollution (EP). The data covers the period from 1970 to 2020 by applying the "Pooled Mean Group-Autoregressive Distributed Lag" (PMG-ARDL) model. The results indicate that GDPG is negatively co-integrated with CO2 emissions (pollution) in the short run (SR) but positively co-integrated in the long run (LR). Energy consumption has a positive impact in the long run, but there is no positive impact in the short run to accelerate pollution. In both the short and long run, renewable energy has a significant role in reducing environmental degradation. However, according to the Dumitrescu Hurlin panel, there was bidirectional causality (BC) involving energy consumption and pollution. Because of the large volume of energy emphasized in economic growth and development activities, energy use increases pollution. In addition, there was a BC involving energy consumption and economic growth. At the country level, a significant contribution implies sustainable development and the implication of environmental quality assurance policies. [ABSTRACT FROM AUTHOR]
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- 2023
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46. Evaluation of Eco-Innovation and Green Economy in EU Countries.
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Domaracká, Lucia, Seňová, Andrea, and Kowal, Dominik
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SUSTAINABLE development , *JUDGMENT sampling , *GREEN business , *COUNTRIES , *ECONOMIC expansion , *TECHNOLOGICAL innovations , *ACQUISITION of data - Abstract
A businesses with a green label is associated with resources that are sustainable. This business is linked to the green economy, which can be described as a form of economy that is responsible in relation to the environment and economic growth, and thus complementary. In this type of economy, viable products are created, but also solutions and practices that take the environment into account. It is well known that eco-innovation activities are closely linked to the development of an eco-business. The research sample consisted of 10 countries, namely the Slovak Republic, the Czech Republic, Poland, Hungary, Austria, Germany, France, Italy, Sweden, and Finland, which were selected by purposive sampling. In this article, we look at eco innovations in selected countries, specifically ranking them, where we have divided countries into different levels, from countries that are at the super eco-innovation level, to countries that are in the middle zone, to countries that are significantly lagging in this trend. To classify countries into each level, we looked at the following variables: eco-innovation inputs, eco-innovation activities, environmental outcomes, socio-economic outcomes, and the eco-innovation index itself. Taking these sub-results into account, we determined where countries are, in other words, which level they have reached. We found that there are significant differences between countries. As we conclude, there are several reasons for this, but one of them is the lack of communication, coordination, and synergy between institutions, government, and SMEs, which are the drivers of eco-innovation. The supporting quantitative data collection method was data collection and structured observation, which is more precise and therefore provides more detailed information about the reality under study. For the purpose of this thesis, data were obtained from the Statistical Office of the European Union, that is, Eurostat, which is responsible for publishing pan-European statistics and indicators that allowed us to compare countries. In the survey, we compared the five most recent years for which Eurostat data were available, namely 2017, 2018, 2019, 2020, and 2021. The overall score of a European Union member state is calculated as the unweighted average of 16 sub-indicators. It shows how well each Member State performs in terms of eco-innovation compared to the European Union average of 100. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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47. Declining Renewable Costs, Emissions Trading, and Economic Growth: China's Power System at the Crossroads.
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Chen, Yidan, Lin, Jiang, Roland-Holst, David, Liu, Xu, and Wang, Can
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EMISSIONS trading , *COMPUTABLE general equilibrium models , *ECONOMIC expansion , *ELECTRIC power production , *ELECTRIC utility costs , *ENERGY consumption - Abstract
As China reaffirms its commitments to limit the climate change risk and improve air quality, a combination of new policy and technology opportunities is presenting itself. A national emission trading scheme (ETS) begun in 2017 and is showing great promise, creating decentralized incentives for cost effective pollution mitigation. At the same time, sustained energy sector innovation is driving the costs of renewable electric power generation below those of fossil fuel substitutes. Early economic evidence of ETS measured pollution reductions, but has not addressed important economy-wide net benefits. This paper focuses on technology and energy cost savings and is the first to account for three multiplier effects—shifting consumption patterns, job growth, and the benefits of induced productivity growth—that would result from accelerated renewable electricity deployment in China. Results from a dynamic recursive computable general equilibrium model for 2017 to 2030 show that expanding renewable deployment can interact with the ETS to slash GHG emissions, as well as energy costs, stimulating significant long-term economic growth. These results suggest that China should accelerate its clean energy transition, not only for the air-quality and climate benefits, but to fulfill the energy sector's potential to promote innovation, employment, and economic growth. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
- View/download PDF
48. A Secure Base for Entrepreneurship: Attachment Orientations and Entrepreneurial Tendencies.
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Segal, Sandra, Mikulincer, Mario, Hershkovitz, Lihi, Meir, Yuval, Nagar, Tamir, and Maaravi, Yossi
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BUSINESSPEOPLE , *ENTREPRENEURSHIP , *ECONOMIC expansion - Abstract
Entrepreneurship catalyzes economic growth; it generates jobs, advances the economy and solves global challenges. Hence, it is crucial to understand the factors contributing to entrepreneurship and entrepreneurs' development. While many studies have investigated intrapersonal factors for entrepreneurial tendencies, the present study focuses on a critical yet often overlooked interpersonal aspect: attachment orientations. Specifically, this article examines the relationship between adult attachment orientations and entrepreneurial tendencies. Three studies across three countries (Israel, the UK, and Singapore) indicated that an anxious attachment orientation in close relationships is negatively associated with enterprising tendencies. In Israel (Study 1) and Singapore (Study 2), avoidant attachment in close relationships was also negatively correlated to such tendencies. Overall, the more people feel secure in close relationships (lower scores on attachment anxiety or avoidance), the higher their enterprising tendencies. Limitations and future research suggestions are discussed. [ABSTRACT FROM AUTHOR]
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- 2023
- Full Text
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49. Relationship among Economic Growth, Energy Consumption, CO 2 Emission, and Urbanization: An Econometric Perspective Analysis.
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Myszczyszyn, Janusz and Suproń, Błażej
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- *
CARBON emissions , *VECTOR error-correction models , *ENVIRONMENTAL degradation , *ENERGY consumption , *ECONOMIC expansion , *URBANIZATION , *RENEWABLE energy sources - Abstract
The key goal of this research was to figure out the short and long run relationship between environmental degradation caused by carbon dioxide (CO2) emissions and energy consumption, the level of GDP economic growth, and urbanization in the Visegrad Region countries (V4). The study used data from the years 1996–2020. In the methodological area, ARDL bound test, and ARDL and ECM models were used to determine the directions and strength of interdependence. The results show that in the case of some V4 countries (Poland, Slovakia, and Hungary), changes in the urbanization rate affect CO2 emissions. Moreover, it was confirmed that the phenomenon of urbanization influences the enhanced energy consumption in the studied countries. In the case of individual countries, these relationships were varied, both unidirectional and bidirectional. Their nature was also varied—there were both long and short-term relationships. These findings suggest that the V4 countries should increase renewable and ecological energy sources. It is also recommended to enhancement energy savings in the areas of both individual and industrial consumption by promoting low-emission solutions. This should be done while considering changes in urbanization. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
50. Bearing the Scars: Access to Growth and the Age of Knowledge.
- Author
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Wardley-Kershaw, Julia and Schenk-Hoppé, Klaus R.
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HEALTH expectancy , *LIFT (Aerodynamics) , *STANDARD of living , *ECONOMIC expansion , *LIFE expectancy , *POVERTY reduction , *WEIGHT lifting - Abstract
In this third paper in a series of four, the focus is to investigate the modern UK economy, considering a wider scope than economic growth and national performance. Since the beginnings of sustained economic growth, standard of living has increased dramatically in the UK and life expectancy and health outcomes have improved. Economic growth has proven itself throughout history, and globally, as a transformative force to lift people out of poverty and improve standard of living. However, significant inequalities, which are contributing to negative health, social and economic outcomes for groups of the population, persist. A growing nation has become a divided nation. [ABSTRACT FROM AUTHOR]
- Published
- 2022
- Full Text
- View/download PDF
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