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Exploring the Dynamics of Trade in Developing Countries: A Panel ARDL Analysis of Renewable Electricity, Labor Force, and Economic Factors

Author

Listed:
  • Sami Ullah Nagra

    (MPhil Business Economics, Bahauddin Zakariya University Multan, Pakistan)

  • Sania Batool

    (MPhil Business Economics, Bahauddin Zakariya University Multan, Pakistan)

  • Iqra Bashir

    (MPhil Business Economics, Bahauddin Zakariya University Multan, Pakistan)

  • Dr. Muhammad Ayub

    (Assistant Professor, School of Economics Bahauddin Zakariya University Multan, Pakistan)

Abstract

This study looks at how important economic, environmental, and labour force variables interact with trade dynamics in emerging nations. The study examines the relationship between trade and renewable power generation, labour force participation, and economic indicators throughout the period from 2000 to 2023 using a panel Autoregressive Distributed Lag (ARDL) approach. With the exception of CO2 emissions, which show a negative correlation, the results show a strong positive association between trade and the variables under investigation. These results highlight the significance of sustainable economic development methods in promoting trade growth in poor countries and throw insight on the intricate processes influencing trade patterns.

Suggested Citation

  • Sami Ullah Nagra & Sania Batool & Iqra Bashir & Dr. Muhammad Ayub, 2024. "Exploring the Dynamics of Trade in Developing Countries: A Panel ARDL Analysis of Renewable Electricity, Labor Force, and Economic Factors," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 418-423.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:418-423
    DOI: https://doi.org/10.61506/01.00346
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    References listed on IDEAS

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    1. Sulemana Mumuni & Thomas Mwimba, 2023. "Modeling the impact of green energy consumption and natural resources rents on economic growth in Africa: An analysis of dynamic panel ARDL and the feasible generalized least squares estimators," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(1), pages 2161774-216, December.
    2. 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.
    3. 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.
    4. da Silva, Patrícia Pereira & Cerqueira, Pedro André & Ogbe, Wojolomi, 2018. "Determinants of renewable energy growth in Sub-Saharan Africa: Evidence from panel ARDL," Energy, Elsevier, vol. 156(C), pages 45-54.
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