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There is a significant gap in comprehensively probing the determinants of renewable energy consumption (REN) in developing markets. Extant literature suggests the beneficial role of using renewable energy in diminishing carbon emissions and increasing environmental quality. This work addresses this gap and contributes by investigating the factors which significantly affect the REN in emerging economies. More specifically, the present study attempts to contribute by probing the effects of economic openness and financial stability on REN while considering the roles of financial development, technological innovations, and economic growth. To achieve this purpose, this study focuses on BRICS emerging countries, which are five massive and outstanding emerging economies of the globe, and uses both the fixed effects and quantile panel data approaches for yearly data between 2000 and 2021. Remarkably, the results reveal that economic openness and financial stability positively impact REN, implying that rising them helps achieve environmental sustainability. Moreover, the findings indicate the positive and significant role of financial development and technological innovations in increasing REN, whereas economic growth impacts adversely. The findings have essential recommendations for governments, policymakers, and regulatory bodies especially by focusing on the drivers of REN and attempting to maintain banking sector stability to increase REN and promote environmental sustainability. [ABSTRACT FROM AUTHOR]

This study specifically investigates the effects of external governance mechanisms and regulatory settings on the profitability of Islamic banks operating in the Arab markets from 2003 to 2017. The empirical results underscore that the external governance mechanism and its dimensions in particular the political stability, regulatory quality, rule of law, and control of corruption impact Islamic banks' profitability positively. However, the regulatory settings and its sub‐indices particularly the extent of disclosure and ease of shareholder suits have the opposite effect. Likewise, the results of traditional determinants indicate that the profitability of Islamic banks is shaped by the bank‐specific, industry‐specific, and country and global‐level determinants. Results are robust and consistent with alternative estimation procedures and also support for the negative and positive effect of voice and accountability external governance's dimension and inflation, respectively. The findings of this study have important policy implications for regulators, policymakers, and banks' managers. [ABSTRACT FROM AUTHOR]

This study examines the time‐frequency causal link between economic policy uncertainty and inflation in Japan while answering the following questions: (i) is there any causal link between economic policy uncertainty and inflation in Japan? (ii) if yes, in which direction(s)? To the best of our knowledge, this is the first study that conducts this nexus. To do so, this study employs the wavelet coherence causality test and focuses on the wide range period from 2003:03 to 2021:03, in which Japan was experienced the specific Quantitative and Qualitative Monetary Easing Policies. Overall, the findings mirror that economic policy uncertainty is an essential predictor of inflation in Japan, and economic policy uncertainty leads to inflation at different periods and frequencies. The results of this study are crucial for policy decision‐making, monetary authorities, and central banks, and Japan should reduce uncertainty about economic policies to curb the possible risk of inflation rises. The policymakers in Japan can control the inflation rate fluctuation if they can ensure a more reliable prediction of economic policies. [ABSTRACT FROM AUTHOR]

One of the most controversial concerns among the researchers is the expansion of the green bond markets, so as to reduce environmental pollution. The present study estimates the factors that help drive the global green bond markets, such as energy prices, gold prices, and green energy stocks. The study has applied Quantile Autoregressive Lagged Approach (QARDL) and Quantile Granger Causality test to estimate the causal relationship among the variables for January 2010 and June 2021. The QARDL findings reveal that for all the quantiles, the error correction term is statistically significant with the predicted negative sign. This confirms the existence of a strong long-run equilibrium relationship between the relevant variables and the green bonds market on a global level. The findings revealed that gold and energy prices have a lower effect on the green bonds market on every quantile, and also from the low to medium quantiles, respectively. While at the same time, the green energy stocks have an increasing effect on the green bonds market at higher quantiles. The results of the causal examination using Granger-causality in quantiles show a bi-directional causal relationship between the green bonds, energy prices, gold prices, and green energy stocks in the world economy. [ABSTRACT FROM AUTHOR]

This study investigates the impacts of country-specific risk, namely, political and economic risks, global economic policy uncertainty, and also macroeconomic factors on the price of Turkish tourism firms' stocks during the 2000 to 2017 period. By considering the structural break, the results underscore that a rise of political and economic risks, global economic policy uncertainty, and real exchange rate correspond with decreasing stock prices in the long-run. Moreover, the short-run results show that the real exchange rate and global economic policy uncertainty impact stock prices negatively though stock prices react positively to a rise of political risk. To the best of our knowledge, this is the first study that attempted to conduct this nexus, and findings have important implications for managers, investors, and assets analysts. [ABSTRACT FROM AUTHOR]

Several investigations show that remittances, renewable energy, and innovation promote the socioeconomic advancement of a nation. Nevertheless, the impacts of remittances and renewable energy on ecological quality are yet to be evaluated thoroughly. Therefore, the current investigation assesses the effects of remittances and renewable energy on CO2 emissions while taking into account the roles of technological innovation, globalization, and economic growth. Toward this end, this paper depends on yearly data between 1990 and 2019. The study employed bounds testing and its results disclosed long-term connections between CO2 and the regressors. Moreover, unlike prior studies that employ time-domain causality, we employed frequency domain causality, which considers causality at different frequencies. Furthermore, the ARDL long- and short-run results showed that economic growth amplified CO2 emissions, while green energy, remittances, and globalization lessened CO2 emissions. Lastly, the frequency domain causality approach revealed that globalization, renewable energy, economic growth, technological innovation, and remittances could predict CO2 emissions in the long-term. These findings' sturdiness was established utilizing DOLS and FMOLS regression. Several policy recommendations are suggested in light of these ground-breaking discoveries. [ABSTRACT FROM AUTHOR]