Towards sustainability: Examining financial, economic, and societal determinants of environmental degradation
Author
Abstract
Suggested Citation
DOI: 10.1016/j.ribaf.2024.102557
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Cheng, Xuanmei & Ye, Kaite & Min Du, Anna & Bao, Zhenzhen & Chlomou, Grigoria, 2024. "Dual carbon goals and renewable energy innovations," Research in International Business and Finance, Elsevier, vol. 70(PB).
- Khan, Anwar & Chenggang, Yang & Hussain, Jamal & Bano, Sadia & Nawaz, AAmir, 2020. "Natural resources, tourism development, and energy-growth-CO2 emission nexus: A simultaneity modeling analysis of BRI countries," Resources Policy, Elsevier, vol. 68(C).
- Dumitrescu, Elena-Ivona & Hurlin, Christophe, 2012.
"Testing for Granger non-causality in heterogeneous panels,"
Economic Modelling, Elsevier, vol. 29(4), pages 1450-1460.
- Christophe Hurlin & Elena Dumitrescu, 2012. "Testing for Granger Non-causality in Heterogeneous Panels," Working Papers halshs-00224434, HAL.
- Elena Ivona Dumitrescu & Christophe Hurlin, 2012. "Testing for Granger Non-causality in Heterogeneous Panels," Post-Print hal-01385899, HAL.
- Destek, Mehmet & Sinha, Avik, 2020. "Renewable, non-renewable energy consumption, economic growth, trade openness and ecological footprint: Evidence from organisation for economic Co-operation and development countries," MPRA Paper 104246, University Library of Munich, Germany, revised 2020.
- Ulucak, Recep & Koçak, Emrah & Erdoğan, Seyfettin & Kassouri, Yacouba, 2020. "Investigating the non-linear effects of globalization on material consumption in the EU countries: Evidence from PSTR estimation," Resources Policy, Elsevier, vol. 67(C).
- M. Hashem Pesaran, 2021.
"General diagnostic tests for cross-sectional dependence in panels,"
Empirical Economics, Springer, vol. 60(1), pages 13-50, January.
- Pesaran, M.H., 2004. "‘General Diagnostic Tests for Cross Section Dependence in Panels’," Cambridge Working Papers in Economics 0435, Faculty of Economics, University of Cambridge.
- Pesaran, M. Hashem, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," IZA Discussion Papers 1240, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2004. "General Diagnostic Tests for Cross Section Dependence in Panels," CESifo Working Paper Series 1229, CESifo.
- Hashem Pesaran, M. & Yamagata, Takashi, 2008.
"Testing slope homogeneity in large panels,"
Journal of Econometrics, Elsevier, vol. 142(1), pages 50-93, January.
- Pesaran, M.H. & Yamagata. T., 2005. "Testing Slope Homogeneity in Large Panels," Cambridge Working Papers in Economics 0513, Faculty of Economics, University of Cambridge.
- M. Hashem Pesaran & Takashi Yamagata, 2005. "Testing Slope Homogeneity in Large Panels," IEPR Working Papers 05.14, Institute of Economic Policy Research (IEPR).
- M. Hashem Pesaran & Takashi Yamagata, 2005. "Testing Slope Homogeneity in Large Panels," CESifo Working Paper Series 1438, CESifo.
- Charfeddine, Lanouar & Kahia, Montassar, 2019. "Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis," Renewable Energy, Elsevier, vol. 139(C), pages 198-213.
- Goodell, John W. & Nammouri, Hela & Saâdaoui, Foued & Ben Jabeur, Sami, 2023. "Carbon allowances amid climate change concerns: Fresh insights from wavelet multiscale analysis," Finance Research Letters, Elsevier, vol. 55(PA).
- M. Hashem Pesaran, 2015.
"Testing Weak Cross-Sectional Dependence in Large Panels,"
Econometric Reviews, Taylor & Francis Journals, vol. 34(6-10), pages 1089-1117, December.
- Pesaran, M. Hashem, 2012. "Testing Weak Cross-Sectional Dependence in Large Panels," IZA Discussion Papers 6432, Institute of Labor Economics (IZA).
- M. Hashem Pesaran, 2012. "Testing Weak Cross-Sectional Dependence in Large Panels," CESifo Working Paper Series 3800, CESifo.
- Pesaran, M. H., 2012. "Testing Weak Cross-Sectional Dependence in Large Panels," Cambridge Working Papers in Economics 1208, Faculty of Economics, University of Cambridge.
- Mensi, Walid & Mishra, Tapas & Ko, Hee-Un & Vo, Xuan Vinh & Kang, Sang Hoon, 2024. "Quantile dependence and portfolio management between oil, gold, silver, and MENA stock markets," Research in International Business and Finance, Elsevier, vol. 70(PA).
- Razzaq, Asif & Sharif, Arshian & Afshan, Sahar & Li, Claire J., 2023. "Do climate technologies and recycling asymmetrically mitigate consumption-based carbon emissions in the United States? New insights from Quantile ARDL," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
- Paramati, Sudharshan Reddy & Mo, Di & Gupta, Rakesh, 2017. "The effects of stock market growth and renewable energy use on CO2 emissions: Evidence from G20 countries," Energy Economics, Elsevier, vol. 66(C), pages 360-371.
- Joakim Westerlund, 2005.
"New Simple Tests for Panel Cointegration,"
Econometric Reviews, Taylor & Francis Journals, vol. 24(3), pages 297-316.
- Westerlund, Joakim, 2005. "New Simple Tests for Panel Cointegration," Working Papers 2005:8, Lund University, Department of Economics.
- Hunjra, Ahmed Imran & Zhao, Shikuan & Goodell, John W. & Liu, Xiaoqian, 2024. "Digital economy policy and corporate low-carbon innovation: Evidence from a quasi-natural experiment in China," Finance Research Letters, Elsevier, vol. 60(C).
- Wang, Shaojian & Liu, Xiaoping & Zhou, Chunshan & Hu, Jincan & Ou, Jinpei, 2017. "Examining the impacts of socioeconomic factors, urban form, and transportation networks on CO2 emissions in China’s megacities," Applied Energy, Elsevier, vol. 185(P1), pages 189-200.
- Ahmed, Zahoor & Asghar, Muhammad Mansoor & Malik, Muhammad Nasir & Nawaz, Kishwar, 2020. "Moving towards a sustainable environment: The dynamic linkage between natural resources, human capital, urbanization, economic growth, and ecological footprint in China," Resources Policy, Elsevier, vol. 67(C).
- Destek, Mehmet Akif & Aslan, Alper, 2017. "Renewable and non-renewable energy consumption and economic growth in emerging economies: Evidence from bootstrap panel causality," Renewable Energy, Elsevier, vol. 111(C), pages 757-763.
- Goodell, John W. & Yadav, Miklesh Prasad & Ruan, Junhu & Abedin, Mohammad Zoynul & Malhotra, Nidhi, 2023. "Traditional assets, digital assets and renewable energy: Investigating connectedness during COVID-19 and the Russia-Ukraine war," Finance Research Letters, Elsevier, vol. 58(PA).
- Markus Eberhardt, 2012. "Estimating panel time-series models with heterogeneous slopes," Stata Journal, StataCorp LP, vol. 12(1), pages 61-71, March.
- Al-Mulali, Usama & Ozturk, Ilhan, 2015. "The effect of energy consumption, urbanization, trade openness, industrial output, and the political stability on the environmental degradation in the MENA (Middle East and North African) region," Energy, Elsevier, vol. 84(C), pages 382-389.
- Belaïd, Fateh & Al-Sarihi, Aisha, 2024. "Saudi Arabia energy transition in a post-paris agreement era: An analysis with a multi-level perspective approach," Research in International Business and Finance, Elsevier, vol. 67(PB).
- Ben Cheikh, Nidhaleddine & Ben Zaied, Younes & Chevallier, Julien, 2021. "On the nonlinear relationship between energy use and CO2 emissions within an EKC framework: Evidence from panel smooth transition regression in the MENA region," Research in International Business and Finance, Elsevier, vol. 55(C).
- Dogan, Eyup & Seker, Fahri, 2016. "Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy," Renewable Energy, Elsevier, vol. 94(C), pages 429-439.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Nuta, Alina Cristina & Abban, Olivier Joseph & Ayad, Hicham & Nuta, Florian Marcel, 2025. "Role of financial development and inclusivity in moderating the environmental effects of human development," Research in International Business and Finance, Elsevier, vol. 73(PA).
- Tiwari, Sunil & Sharif, Arshian & Sofuoğlu, Emrah & Nuta, Florian, 2025. "A step toward the attainment of carbon neutrality and SDG-13: Role of financial depth and green technology innovation," Research in International Business and Finance, Elsevier, vol. 73(PA).
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.- Alvarado, Rafael & Tillaguango, Brayan & Murshed, Muntasir & Ochoa-Moreno, Santiago & Rehman, Abdul & Işık, Cem & Alvarado-Espejo, Johana, 2022. "Impact of the informal economy on the ecological footprint: The role of urban concentration and globalization," Economic Analysis and Policy, Elsevier, vol. 75(C), pages 750-767.
- Dong, Kangyin & Hochman, Gal & Zhang, Yaqing & Sun, Renjin & Li, Hui & Liao, Hua, 2018. "CO2 emissions, economic and population growth, and renewable energy: Empirical evidence across regions," Energy Economics, Elsevier, vol. 75(C), pages 180-192.
- Ahmad, Mahmood & Jiang, Ping & Majeed, Abdul & Umar, Muhammad & Khan, Zeeshan & Muhammad, Sulaman, 2020. "The dynamic impact of natural resources, technological innovations and economic growth on ecological footprint: An advanced panel data estimation," Resources Policy, Elsevier, vol. 69(C).
- Bano, Sadia & Liu, Lu & Khan, Anwar, 2022. "Dynamic influence of aging, industrial innovations, and ICT on tourism development and renewable energy consumption in BRICS economies," Renewable Energy, Elsevier, vol. 192(C), pages 431-442.
- Francisco García-Lillo & Eduardo Sánchez-García & Bartolomé Marco-Lajara & Pedro Seva-Larrosa, 2023. "Renewable Energies and Sustainable Development: A Bibliometric Overview," Energies, MDPI, vol. 16(3), pages 1-22, January.
- Mounir Dahmani & Mohamed Mabrouki & Adel Ben Youssef, 2021. "The ICT, Financial Development, Energy Consumption and Economic Growth Nexus in MENA Countries: Panel CS-ARDL Evidence," GREDEG Working Papers 2021-46, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
- Khan, Anwar & Chenggang, Yang & Hussain, Jamal & Kui, Zhou, 2021. "Impact of technological innovation, financial development and foreign direct investment on renewable energy, non-renewable energy and the environment in belt & Road Initiative countries," Renewable Energy, Elsevier, vol. 171(C), pages 479-491.
- Sun, Yunpeng & Li, Haoning & Andlib, Zubaria & Genie, Mesfin G., 2022. "How do renewable energy and urbanization cause carbon emissions? Evidence from advanced panel estimation techniques," Renewable Energy, Elsevier, vol. 185(C), pages 996-1005.
- Majeed, Abdul & Wang, Lijun & Zhang, Xiaohui & Muniba, & Kirikkaleli, Dervis, 2021. "Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies," Resources Policy, Elsevier, vol. 73(C).
- Hussein Moghaddam & Robert M. Kunst, 2023. "The Role of Natural Gas in Mitigating Greenhouse Gas Emissions: The Environmental Kuznets Curve Hypothesis for Major Gas-Producing Countries," Sustainability, MDPI, vol. 15(5), pages 1-20, February.
- Aladejare, Samson Adeniyi, 2022. "Natural resource rents, globalisation and environmental degradation: New insight from 5 richest African economies," Resources Policy, Elsevier, vol. 78(C).
- Murshed, Muntasir & Saboori, Behnaz & Madaleno, Mara & Wang, Hong & Doğan, Buhari, 2022. "Exploring the nexuses between nuclear energy, renewable energy, and carbon dioxide emissions: The role of economic complexity in the G7 countries," Renewable Energy, Elsevier, vol. 190(C), pages 664-674.
- Shobande, Olatunji A. & Asongu, Simplice A., 2022.
"The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach,"
Technological Forecasting and Social Change, Elsevier, vol. 176(C).
- Olatunji A. Shobande & Simplice A. Asongu, 2022. "The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach," Working Papers 22/006, European Xtramile Centre of African Studies (EXCAS).
- Olatunji A. Shobande & Simplice A. Asongu, 2022. "The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach," Working Papers of the African Governance and Development Institute. 22/006, African Governance and Development Institute..
- Shobande, Olatunji & Asongu, Simplice A, 2022. "The Critical Role of Education and ICT in Promoting Environmental Sustainability in Eastern and Southern Africa: A Panel VAR Approach," MPRA Paper 119054, University Library of Munich, Germany.
- Amir Iqbal & Xuan Tang & Samma Faiz Rasool, 2023. "Investigating the nexus between CO2 emissions, renewable energy consumption, FDI, exports and economic growth: evidence from BRICS countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2234-2263, March.
- Khan, Yasir & Hassan, Taimoor & Guiqin, Huang & Nabi, Ghulam, 2023. "Analyzing the impact of natural resources and rule of law on sustainable environment: A proposed policy framework for BRICS economies," Resources Policy, Elsevier, vol. 86(PA).
- Khan, Muhammad Tariq Iqbal & Yaseen, Muhammad Rizwan & Ali, Qamar, 2019. "Nexus between financial development, tourism, renewable energy, and greenhouse gas emission in high-income countries: A continent-wise analysis," Energy Economics, Elsevier, vol. 83(C), pages 293-310.
- Khan, Irfan & Hou, Fujun & Zakari, Abdulrasheed & Tawiah, Vincent Konadu, 2021. "The dynamic links among energy transitions, energy consumption, and sustainable economic growth: A novel framework for IEA countries," Energy, Elsevier, vol. 222(C).
- Zhang Chenghu & Muhammad Arif & Khurram Shehzad & Mahmood Ahmad & Judit Oláh, 2021. "Modeling the Dynamic Linkage between Tourism Development, Technological Innovation, Urbanization and Environmental Quality: Provincial Data Analysis of China," IJERPH, MDPI, vol. 18(16), pages 1-21, August.
- Nwani, Chinazaekpere & Adams, Samuel, 2021. "Environmental cost of natural resource rents based on production and consumption inventories of carbon emissions: Assessing the role of institutional quality," Resources Policy, Elsevier, vol. 74(C).
- Taner Güney & Duygu İnce, 2024. "Solar Energy and CO2 Emissions: CCEMG Estimations for 26 Countries," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 2383-2400, March.
More about this item
Keywords
CO2 Emissions; Ecological Footprint; Renewable Energy; Nonrenewable Energy; MENA;All these keywords.
JEL classification:
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
- Q2 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation
- Q3 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation
- Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
Statistics
Access and download statisticsCorrections
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:riibaf:v:73:y:2025:i:pa:s0275531924003507. 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.elsevier.com/locate/ribaf .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.