IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v203y2023icp81-88.html
   My bibliography  Save this article

Revisiting the asymmetric outcome of renewable and nonrenewable energy on environmental quality in South and East Asia: An application of a broad-spectrum approach

Author

Listed:
  • Hameed, Shahzad
  • Wei, Wei
  • Farrukh, Muhammad Umer
  • Li, Shuangyan
  • Ilyas, Muhammad
  • ul-Haq, Inam

Abstract

Hydropower renewable energy is known to be pro-environment: flexible and affordable. Above all, it is compatible with other energy frames and also with the policies that otherwise prove to be inimical towards its future. Where environmental stability is concerned it needs an assiduous study coupled with research by the policymakers to get around knowing the different perspectives of hydropower renewable energy. The study has taken nine different and diverse perspectives of hydropower renewable energy into account to stop the process of environmental degradation. EKC framework has been put to use in a case study of South and East Asia economies. Time period has been selected from 1975 to 2020 to measure the long-term impact. GMM model has been used for the panel estimation besides getting future dynamics. The results which have come about confirmed EKC in the selected countries. Non-renewable energy (coal and gas) had an adverse impact on environmental stability. However, switching towards hydropower renewable energy can mitigate these environmental losses. Empirical findings have proved that more use of clean energy production can bring about a considerable amount of environmental stability. Insofar as East Asia economies are considered they have reached the second stage of EKC with a turning point of $13844 (per capita income). This paper, therefore, suggests that the future depends upon renewable hydropower energies in South and East Asia economies. That being said, there appears to be a dire need to undertake the role of various socioeconomic and geographic factors that influence hydropower renewable energies to check the long-term effect.

Suggested Citation

  • Hameed, Shahzad & Wei, Wei & Farrukh, Muhammad Umer & Li, Shuangyan & Ilyas, Muhammad & ul-Haq, Inam, 2023. "Revisiting the asymmetric outcome of renewable and nonrenewable energy on environmental quality in South and East Asia: An application of a broad-spectrum approach," Renewable Energy, Elsevier, vol. 203(C), pages 81-88.
  • Handle: RePEc:eee:renene:v:203:y:2023:i:c:p:81-88
    DOI: 10.1016/j.renene.2022.11.032
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S096014812201672X
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.renene.2022.11.032?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Chien, FengSheng, 2022. "How renewable energy and non-renewable energy affect environmental excellence in N-11 economies?," Renewable Energy, Elsevier, vol. 196(C), pages 526-534.
    2. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    3. Mahalik, Mantu Kumar & Mallick, Hrushikesh & Padhan, Hemachandra, 2021. "Do educational levels influence the environmental quality? The role of renewable and non-renewable energy demand in selected BRICS countries with a new policy perspective," Renewable Energy, Elsevier, vol. 164(C), pages 419-432.
    4. Iddrisu, Insah & Bhattacharyya, Subhes C., 2015. "Sustainable Energy Development Index: A multi-dimensional indicator for measuring sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 513-530.
    5. Pedroni, Peter, 2004. "Panel Cointegration: Asymptotic And Finite Sample Properties Of Pooled Time Series Tests With An Application To The Ppp Hypothesis," Econometric Theory, Cambridge University Press, vol. 20(3), pages 597-625, June.
    6. Blundell, Richard & Bond, Stephen, 1998. "Initial conditions and moment restrictions in dynamic panel data models," Journal of Econometrics, Elsevier, vol. 87(1), pages 115-143, August.
    7. Ahmed, T. & Muttaqi, K.M. & Agalgaonkar, A.P., 2012. "Climate change impacts on electricity demand in the State of New South Wales, Australia," Applied Energy, Elsevier, vol. 98(C), pages 376-383.
    8. Shahbaz, Muhammad & Mutascu, Mihai & Azim, Parvez, 2013. "Environmental Kuznets curve in Romania and the role of energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 165-173.
    9. Shahbaz, Muhammad & Lean, Hooi Hooi & Shabbir, Muhammad Shahbaz, 2012. "Environmental Kuznets Curve hypothesis in Pakistan: Cointegration and Granger causality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2947-2953.
    10. Stokey, Nancy L, 1998. "Are There Limits to Growth?," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 1-31, February.
    11. Wolde-Rufael, Yemane, 2010. "Coal consumption and economic growth revisited," Applied Energy, Elsevier, vol. 87(1), pages 160-167, January.
    12. Im, Kyung So & Pesaran, M. Hashem & Shin, Yongcheol, 2003. "Testing for unit roots in heterogeneous panels," Journal of Econometrics, Elsevier, vol. 115(1), pages 53-74, July.
    13. Apadula, Francesco & Bassini, Alessandra & Elli, Alberto & Scapin, Simone, 2012. "Relationships between meteorological variables and monthly electricity demand," Applied Energy, Elsevier, vol. 98(C), pages 346-356.
    14. Manuel Arellano & Stephen Bond, 1991. "Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 58(2), pages 277-297.
    15. Tiwari, Aviral Kumar & Shahbaz, Muhammad & Adnan Hye, Qazi Muhammad, 2013. "The environmental Kuznets curve and the role of coal consumption in India: Cointegration and causality analysis in an open economy," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 519-527.
    16. Levin, Andrew & Lin, Chien-Fu & James Chu, Chia-Shang, 2002. "Unit root tests in panel data: asymptotic and finite-sample properties," Journal of Econometrics, Elsevier, vol. 108(1), pages 1-24, May.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Li, Zhiyuan & Patel, Nikunj & Liu, Jiayang & Kautish, Pradeep, 2023. "Natural resources-environmental sustainability-socio-economic drivers nexus: Insights from panel quantile regression analysis," Resources Policy, Elsevier, vol. 86(PB).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ronald MacDonald & Flávio Vieira, "undated". "A panel data investigation of real exchange rate misalignment and growth," Working Papers 2010_13, Business School - Economics, University of Glasgow.
    2. Yongfu Huang, 2011. "Private investment and financial development in a globalized world," Empirical Economics, Springer, vol. 41(1), pages 43-56, August.
    3. Dagar, Vishal & Dagher, Leila & Rao, Amar & Doytch, Nadia & Kagzi, Muneza, 2024. "Economic policy uncertainty: Global energy security with diversification," Economic Analysis and Policy, Elsevier, vol. 82(C), pages 248-263.
    4. Sloboda, Brian W. & Sissoko, Yaya, 2020. "Determinants of Economic Growth in ECOWAS Countries: An Empirical Investigation," African Journal of Economic Review, African Journal of Economic Review, vol. 8(2), July.
    5. Xiaoxin Ma & Qiang Fu, 2020. "The Influence of Financial Development on Energy Consumption: Worldwide Evidence," IJERPH, MDPI, vol. 17(4), pages 1-15, February.
    6. Lau, Lin-Sea & Choong, Chee-Keong & Ng, Cheong-Fatt & Liew, Feng-Mei & Ching, Suet-Ling, 2019. "Is nuclear energy clean? Revisit of Environmental Kuznets Curve hypothesis in OECD countries," Economic Modelling, Elsevier, vol. 77(C), pages 12-20.
    7. Gharehgozli, Orkideh, 2021. "An empirical comparison between a regression framework and the Synthetic Control Method," The Quarterly Review of Economics and Finance, Elsevier, vol. 81(C), pages 70-81.
    8. Sung, Bongsuk & Song, Woo-Yong & Park, Sang-Do, 2018. "How foreign direct investment affects CO2 emission levels in the Chinese manufacturing industry: Evidence from panel data," Economic Systems, Elsevier, vol. 42(2), pages 320-331.
    9. Peñasco, Cristina & del Río, Pablo & Romero-Jordán, Desiderio, 2017. "Gas and electricity demand in Spanish manufacturing industries: An analysis using homogeneous and heterogeneous estimators," Utilities Policy, Elsevier, vol. 45(C), pages 45-60.
    10. Scott, K. Rebecca, 2011. "Demand and Price Volatility: Rational Habits in International Gasoline Demand," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt2q87432b, Department of Agricultural & Resource Economics, UC Berkeley.
    11. Alessio Ciarlone, 2019. "The relationship between financial development and growth: the case of emerging Europe," Questioni di Economia e Finanza (Occasional Papers) 521, Bank of Italy, Economic Research and International Relations Area.
    12. Atilla Çifter, 2015. "Bank concentration and non-performing loans in Central and Eastern European countries," Journal of Business Economics and Management, Taylor & Francis Journals, vol. 16(1), pages 117-137, February.
    13. Huňady Ján & Pisár Peter & Jošić Hrvoje & Žmuk Berislav & Bach Mirjana Pejić, 2023. "Government and Business Funding of Sources of Funds for R&D at Universities: Complements or Substitutes?," South East European Journal of Economics and Business, Sciendo, vol. 18(2), pages 97-111, December.
    14. Omri, Anis & Daly, Saida & Rault, Christophe & Chaibi, Anissa, 2015. "Financial development, environmental quality, trade and economic growth: What causes what in MENA countries," Energy Economics, Elsevier, vol. 48(C), pages 242-252.
    15. Ardeshiri, Mansour & Moghaddasi, Reza & Yazdani, Saeed & Mohamadinejad, Amir, . "Trade Openness and Spatial Distribution of Manufacturing Industries: Iranian Provincial Evidence," Asian Journal of Applied Economics, Kasetsart University, Center for Applied Economics Research, vol. 26(1).
    16. Sinha, Avik & Shahbaz, Muhammad & Balsalobre, Daniel, 2017. "Exploring the Relationship between Energy Usage Segregation and Environmental Degradation in N-11 Countries," MPRA Paper 81212, University Library of Munich, Germany, revised 07 Sep 2017.
    17. Farhani, Sahbi & Shahbaz, Muhammad & AROURI, Mohamed El Hedi, 2013. "Panel analysis of CO2 emissions, GDP, energy consumption, trade openness and urbanization for MENA countries," MPRA Paper 49258, University Library of Munich, Germany, revised 20 Aug 2013.
    18. Zhongye Sun & Xin Zhang & Yifei Gao, 2023. "The Impact of Financial Development on Renewable Energy Consumption: A Multidimensional Analysis Based on Global Panel Data," IJERPH, MDPI, vol. 20(4), pages 1-20, February.
    19. Jaewon Lim & DooHwan Won, 2019. "Impact of CARB’s Tailpipe Emission Standard Policy on CO 2 Reduction among the U.S. States," Sustainability, MDPI, vol. 11(4), pages 1-15, February.
    20. Amri, Fethi, 2016. "The relationship amongst energy consumption, foreign direct investment and output in developed and developing Countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 64(C), pages 694-702.

    More about this item

    Keywords

    Environmental Kuznets curve; Renewable energy; Non-renewable energy; CO2 emissions; Arellano-bond dynamic panel-data;
    All these keywords.

    JEL classification:

    • O44 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Environment and Growth
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:203:y:2023:i:c:p:81-88. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.