IDEAS home Printed from https://ideas.repec.org/a/rfh/bbejor/v13y2024i1p209-221.html
   My bibliography  Save this article

The Role of Human Capital in Strengthening Energy Mix-Climate Change Relation: A Study of Selected Low and High Vulnerable Economies

Author

Listed:
  • Anam Javaid

    (PhD Scholar, Department of Economics and Quantitative Methods, Dr. Hasan Murad School of Management (HSM), University of Management and Technology, Lahore, Pakistan)

  • Rukhsana Kalim

    (Professor of Economics, Department of Economics and Quantitative Methods, Dr. Hasan Murad School of Management (HSM), University of Management and Technology, Lahore, Pakistan)

  • Muhammad Shahid Hassan

    (Assistant Professor, Department of Economics and Quantitative Methods, Dr. Hasan Murad School of Management (HSM), University of Management and Technology, Lahore, Pakistan)

Abstract

Adaptive capacity of human is influenced by socio-economic factors such as skills, resources, technology and governance. Human-induced climate change is affecting all the nations of world. Adaptation measures are required to mitigate its effects. The aims of current research are: a) to identify the factors that can reduce vulnerability in low and high vulnerable countries, b) to find the factors that can moderate the effect of climate change in these countries, c) to compare the effect of these factors in high and low vulnerable economies. Panel Quantile Regression is used as an econometric technique to get the final results of the study. Sample is comprised of 40 low and high vulnerable countries, and data range from 1995-2020. Division of sample countries is based on the ranking of ND-GAINS. Data for present study is collected from ND-GAINS, WDI and PWT. Results exposed negative relationship between Human Capital and climate change vulnerability. Moreover, human capital along with energy-mix reduces climate change vulnerability in case of low and high vulnerable countries. Communication and education increase capacity-building skills and knowledge which help to reduce the risk associated with hazard and prepare us to deal with that hazard. Present study is conducted to highlight the importance of Socio-Economic factors in strengthening energy-mix climate change relation. This study will help the Policy makers and governments to cope with the adverse impact of climate change.

Suggested Citation

  • Anam Javaid & Rukhsana Kalim & Muhammad Shahid Hassan, 2024. "The Role of Human Capital in Strengthening Energy Mix-Climate Change Relation: A Study of Selected Low and High Vulnerable Economies," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 209-221.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:1:p:209-221
    DOI: https://doi.org/10.61506/01.00190
    as

    Download full text from publisher

    File URL: https://bbejournal.com/BBE/article/view/688/619
    Download Restriction: no
    File URL: https://bbejournal.com/BBE/article/view/688
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.61506/01.00190?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
    ---><---

    References listed on IDEAS

    as
    1. Sahrish Saeed & Muhammad Sohail Amjad Makhdum & Sofia Anwar & Muhammad Rizwan Yaseen, 2023. "Climate Change Vulnerability, Adaptation, and Feedback Hypothesis: A Comparison of Lower-Middle, Upper-Middle, and High-Income Countries," Sustainability, MDPI, vol. 15(5), pages 1-25, February.
    2. Marc Audi & Amjad Ali, 2023. "The Role of Environmental Conditions and Purchasing Power Parity in Determining Quality of Life among Big Asian Cities," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 292-305, May.
    3. McInerney, Celine & Bunn, Derek W., 2019. "Expansion of the investor base for the energy transition," Energy Policy, Elsevier, vol. 129(C), pages 1240-1244.
    4. Ivan A. Canay, 2011. "A simple approach to quantile regression for panel data," Econometrics Journal, Royal Economic Society, vol. 14(3), pages 368-386, October.
    5. Tehmina Zahid & Noman Arshed & Mubbasher Munir & Kamran Hameed, 2021. "Role of energy consumption preferences on human development: a study of SAARC region," Economic Change and Restructuring, Springer, vol. 54(1), pages 121-144, February.
    6. Odysseas Christou, 2021. "Energy Security in Turbulent Times Towards the European Green Deal," Politics and Governance, Cogitatio Press, vol. 9(3), pages 360-369.
    7. Samuel Asumadu Sarkodie & Maruf Yakubu Ahmed & Phebe Asantewaa Owusu, 2022. "Global adaptation readiness and income mitigate sectoral climate change vulnerabilities," Palgrave Communications, Palgrave Macmillan, vol. 9(1), pages 1-17, December.
    8. Amjad Ali & Marc Audi, 2016. "The Impact of Income Inequality, Environmental Degradation and Globalization on Life Expectancy in Pakistan: An Empirical Analysis," International Journal of Economics and Empirical Research (IJEER), The Economics and Social Development Organization (TESDO), vol. 4(4), pages 182-193, April.
    9. Tang, Chor Foon & Abosedra, Salah & Naghavi, Navaz, 2021. "Does the quality of institutions and education strengthen the quality of the environment? Evidence from a global perspective," Energy, Elsevier, vol. 218(C).
    10. Richard F. J. Haans & Constant Pieters & Zi-Lin He, 2016. "Thinking about U: Theorizing and testing U- and inverted U-shaped relationships in strategy research," Strategic Management Journal, Wiley Blackwell, vol. 37(7), pages 1177-1195, July.
    11. Lucas, Hugo & Fifita, Solomone & Talab, Ilham & Marschel, Cornelia & Cabeza, Luisa F., 2017. "Critical challenges and capacity building needs for renewable energy deployment in Pacific Small Island Developing States (Pacific SIDS)," Renewable Energy, Elsevier, vol. 107(C), pages 42-52.
    12. Karlo Hainsch & Leonard Göke & Claudia Kemfert & Pao-Yu Oei & Christian von Hirschhausen, 2020. "European Green Deal: Using Ambitious Climate Targets and Renewable Energy to Climb out of the Economic Crisis," DIW Weekly Report, DIW Berlin, German Institute for Economic Research, vol. 10(28/29), pages 303-310.
    13. Xiao-Ying Dong & Qiying Ran & Yu Hao, 2019. "On the nonlinear relationship between energy consumption and economic development in China: new evidence from panel data threshold estimations," Quality & Quantity: International Journal of Methodology, Springer, vol. 53(4), pages 1837-1857, July.
    14. Xiaoyong CAO & Chih-Chun KUNG & Yuelong WANG, 2017. "An environmental and economic evaluation of carbon sequestration from pyrolysis and biochar application in China," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 63(12), pages 569-578.
    15. Marc Audi & Amjad Ali, 2023. "Unveiling the Role of Business Freedom to Determine Environmental Degradation in Developing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 157-164, September.
    16. Amjad Ali & Marc Audi & Yannick Roussel, 2021. "Natural Resources Depletion, Renewable Energy Consumption and Environmental Degradation: A Comparative Analysis of Developed and Developing World," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 251-260.
    17. Jonas J. Schoenefeld, 2021. "The European Green Deal: What Prospects for Governing Climate Change With Policy Monitoring?," Politics and Governance, Cogitatio Press, vol. 9(3), pages 370-379.
    18. Millner, Antony & Dietz, Simon, 2015. "Adaptation to climate change and economic growth in developing countries," Environment and Development Economics, Cambridge University Press, vol. 20(3), pages 380-406, June.
    19. Tessema, K. B. & Haile, Alemseged Tamiru & Nakawuka, P., 2021. "Vulnerability of community to climate stress: an indicator-based investigation of Upper Gana Watershed in Omo Gibe Basin in Ethiopia," Papers published in Journals (Open Access), International Water Management Institute, pages 1-63:102426.
    20. Louis Lebel, 2013. "Local knowledge and adaptation to climate change in natural resource-based societies of the Asia-Pacific," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 18(7), pages 1057-1076, October.
    Full references (including those not matched with items on IDEAS)

    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. Roussel, Yannick & Audi, Marc, 2024. "Exploring the Nexus of Economic Expansion, Tourist Inflows, and Environmental Sustainability in Europe," MPRA Paper 121529, University Library of Munich, Germany.
    2. Insha Kunwal & Muhammad Ramzan Sheikh & Muhammad Zahir Faridi & Muhammad Imran Mushtaq, 2023. "Urbanization, Energy Consumption and Environmental Quality in Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 372-386.
    3. Ullah, Asad & Ali, Amjad, 2024. "Investigating Corruption, Income Inequality, and Environmental Degradation in Pakistan: A Time Series Analysis," MPRA Paper 121291, University Library of Munich, Germany.
    4. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi, 2023. "An Analysis of the Determinants of Trust in Virtual Buying: An Interpretive Structural Modeling Approach," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 9(2), pages 103-116.
    5. Sulehri, Fiaz Ahmad & Ali, Amjad, 2024. "Country Risk and Sustainable Development: Mediating Role of Economic Growth," MPRA Paper 121290, University Library of Munich, Germany.
    6. Sahrish Saeed & Muhammad Sohail Amjad Makhdum & Sofia Anwar & Muhammad Rizwan Yaseen, 2023. "Climate Change Vulnerability, Adaptation, and Feedback Hypothesis: A Comparison of Lower-Middle, Upper-Middle, and High-Income Countries," Sustainability, MDPI, vol. 15(5), pages 1-25, February.
    7. Marc Audi & Marc Poulin & Amjad Ali, 2024. "Environmental Impact of Business Freedom and Renewable Energy: A Global Perspective," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 672-683, May.
    8. Saima Ashiq & Amjad Ali & Hafiz Muhammad Abubakar Siddique & Sumaira, 2023. "Impact Of Innovation On Co2 Emissions In South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 201-211.
    9. Muhammad Usman & Muhammad Wasim & Rao Bahkat Yawar, 2023. "Assessing the Economic Implications of Climate Change on Agriculture in Punjab in Pakistan: Farmers Perception and Satisfaction," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(3), pages 501-518.
    10. Fiaz Ahmad Sulehri & Marc Audi & Marc Poulin & Amjad Ali, 2024. "Nexus between Innovation and Ecological Impact: A Moderated Mediation Investigation through Structural Equation Modeling Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 14(4), pages 509-518, July.
    11. Marc Audi & Amjad Ali, 2023. "Unveiling the Role of Business Freedom to Determine Environmental Degradation in Developing Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 157-164, September.
    12. Muhammad Jabbar & Muhammad Ghous & Aysha Hanif & Zulfiqar Ali & Abdul Ghaffar & Sulman Munir, 2023. "Assessing The Impact Of Land Use Changes On Air Pollution Removal Capacity: A Three-Decade Analysis Applying The I-Tree Eco Model," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(2), pages 188-194.
    13. Fiaz Ahmad Sulehri & Amjad Ali, 2024. "Nexus among Regulatory Framework, Economic Growth and Sustainable Development: Insights from Structural Equation Modeling Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 110-117.
    14. Audi, Marc, 2024. "A Discussion on the Role of International Regimes in Mitigating Global Warming and Climate Change," MPRA Paper 121586, University Library of Munich, Germany.
    15. Panarello, Demetrio & Gatto, Andrea, 2023. "Decarbonising Europe – EU citizens’ perception of renewable energy transition amidst the European Green Deal," Energy Policy, Elsevier, vol. 172(C).
    16. Fiaz Ahmad Sulehri & Saba Sharif, 2022. "The Impact of Firm Sustainability on Firm Growth: Evidence from USA," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(2), pages 1-15, August.
    17. Ahmad Nawaz & Muhammad Shakeel & Sadia Mushtaq, 2022. "Unemployment, Governance And Migration Flows In Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(2), pages 31-43, June.
    18. Sultan Salem & Noman Arshed & Ahsan Anwar & Mubasher Iqbal & Nyla Sattar, 2021. "Renewable Energy Consumption and Carbon Emissions—Testing Nonlinearity for Highly Carbon Emitting Countries," Sustainability, MDPI, vol. 13(21), pages 1-17, October.
    19. Tehmina Fiaz Qazi & Abdul Aziz Khan Niazi & Madiha Saleem & Abdul Basit & Muhammad Umair Ahmed, 2023. "Evaluation of Green Banking in Pakistan Using Framework of the Central Bank: Employing TOPSIS Approach," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 12(4), pages 159-168.
    20. Zerish Tasleem & Muhammad Hatim & Mahnoor Malik & Muhammad Nadeem & Muhammad Tariq Ramzan, 2022. "The Impact Of Health Facilities On Rural Poverty In Southern Punjab, Pakistan," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 11(2), pages 104-109, June.

    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:rfh:bbejor:v:13:y:2024:i:1:p:209-221. 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: Dr. Muhammad Irfan Chani (email available below). General contact details of provider: https://edirc.repec.org/data/rffhlpk.html .

    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.