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Energy is considered the oxygen of an economy fueling all economic activities. Energy utilization and its type have an intertemporal and size-based effect on economic development. Therefore, this study empirically analyzes the relationship of fossil energy consumption with economic development in the case of BRICS countries between 1990 and 2019. Fully modified ordinary least squares is used with the quadratic function of coal, oil, and gas consumption to assess the size-based effect across time. This study shows that coal and natural gas consumption follows the inverted U-shaped relationship with HDI, while coal consumption shows a negative relationship with HDI. Hence, coal and gas energy assists in development when its share is small, while over-consumption hampers development. The BRK" countries "hould optimize coal and gas consumption with respect to economic development. Reducing fossil energy should be substituted with alternative clean energy resources by using advanced technology such as the gasification process. [ABSTRACT FROM AUTHOR]

The primary motivation of this paper is the lack of consensus on the impact of renewable energy (RE) and research and development (R&D) expenditure on CO2 emissions in the literature. Current literature has mostly ignored the spillover effect of R&D on CO2 emissions by increasing the intensity effect of technology, leading to biased results. Further, little is known about the impact of previous epidemics on CO2 emissions. This study fills these gaps by evaluating the spillover effects of RE and R&D on CO2 emissions in a global panel of 54 countries from 2003 to 2017. Using a two-way time- and spatial-fixed-effects panel analysis, we find both income-induced and scale effects of economic growth are present in our panel, though the scale effect is the dominant one. Our findings indicate that economic growth increases CO2 emissions at a decreasing rate, validating the Environmental Kuznets Curve hypothesis, and that urbanization and foreign trade worsen the environment. We also find that epidemic episodes before COVID-19 had a nonsignificant impact on CO2 emissions internationally. More importantly, our results confirm the presence of both the intensity and scale effects of R&D, with the intensity effect being the dominant one. We find overwhelming evidence that global R&D investment led to an overall (direct plus spillover) reduction of CO2 emissions, driven by its spillover effect, through two channels: RE and economic growth. Finally, we find that RE installations assist with reducing CO2 emissions internationally, though RE composition and state of R&D can lead to different findings. Our findings have significant policy implications for sustainable development. Our RE and R&D-spillover results support the policy recommendation of shifting to high-tech clean energy sources. [ABSTRACT FROM AUTHOR]

Energy is considered the oxygen of an economy fueling all economic activities. Energy utilization and its type have an intertemporal and size-based effect on economic development. Therefore, this study empirically analyzes the relationship of fossil energy consumption with economic development in the case of BRICS countries between 1990 and 2019. Fully modified ordinary least squares is used with the quadratic function of coal, oil, and gas consumption to assess the size-based effect across time. This study shows that coal and natural gas consumption follows the inverted U-shaped relationship with HDI, while coal consumption shows a negative relationship with HDI. Hence, coal and gas energy assists in development when its share is small, while over-consumption hampers development. The BRICS countries should optimize coal and gas consumption with respect to economic development. Reducing fossil energy should be substituted with alternative clean energy resources by using advanced technology such as the gasification process. [ABSTRACT FROM AUTHOR]

The present study explores the impacts of regional conflicts on tourism in the Middle East and African countries. The adopted dataset covers 2001–2017 and examines the effects of such conflicts and the resulting risks on the tourism industry for thirty-nine countries. Diagnostic tests confirmed and the spatial Durbin model selected as the estimation model. According to the results, economic growth in the origin country and in neighbouring countries increases domestic tourists in number. The results showed conflicting spillover of domestic and foreign prices in the impacts of relative prices on the arrival of tourists. Rising prices in neighbouring countries lead to more domestic tourists, while higher domestic prices were revealed to be an indicator of developed tourism structures and more tourists. Trade openness was not found to have a significant effect on the arrival of tourists. Also, the results demonstrate that countries with higher levels of conflict experience lower rates of tourist arrival. In addition, according to the results, managing the political risk of countries and reducing conflicts over time cannot significantly improve the arrival of tourists, in the short run. It is observed that political risks for tourists form in a long-term context, and its alteration requires time. [ABSTRACT FROM AUTHOR]

This paper utilizes spatial econometric reenactments to examine the geographic effects of different types of environmentally friendly power on corban discharges. The example covers 31 nations in the Asia-Pacific district during the time frame 2000 to 2018. The spatial connection in the model was affirmed by symptomatic testing, and the spatial Durbin model was picked as the last model. Results show that Gross domestic product per capita, receptiveness to business sectors, unfamiliar direct venture, energy force, and urbanization critically affect CO2 emanations. In correlation, just wind and sunlight-based energy have added to a generous abatement in ozone harming substance emanations in nations over the long run. In contrast, hydropower, bioenergy, and geothermal energy discoveries have been irrelevant. A cross-sectional examination worldview delineated that nations with more elevated sunlight-based energy yield have higher CO2 outflows, while nations with lower levels have lower CO2 emanations. The presence of spatial impacts in the model gave off an impression of the negative consequences for homegrown CO2 outflows of Gross domestic product per capita and exchange transparency of adjoining nations. Furthermore, energy power and higher creation of sustainable power in adjoining nations will prompt lower homegrown CO2 outflows. [ABSTRACT FROM AUTHOR]