2,504
Views
74
CrossRef citations to date
0
Altmetric
Articles

A gateway towards a sustainable environment in emerging countries: the nexus between green energy and human Capital

, ORCID Icon &
Pages 4159-4176 | Received 04 Oct 2021, Accepted 25 Nov 2021, Published online: 13 Dec 2021

References

  • Adams, S., & Acheampong, A. O. (2019). Reducing carbon emissions: the role of renewable energy and democracy. Journal of Cleaner Production, 240, 118245. https://doi.org/10.1016/j.jclepro.2019.118245
  • Anser, M. K., Hanif, I., Alharthi, M., & Chaudhry, I. S. (2020). Impact of fossil fuels, renewable energy consumption and industrial growth on carbon emissions in Latin American and Caribbean economies. Atmósfera, 33(3), 201–213.
  • Apeaning, R. W. (2021). Technological constraints to energy-related carbon emissions and economic growth decoupling: A retrospective and prospective analysis. Journal of Cleaner Production, 291, 125706. https://doi.org/10.1016/j.jclepro.2020.125706
  • Atasoy, B. S. (2017). Testing the environmental Kuznets curve hypothesis across the US: Evidence from panel mean group estimators. Renewable Sustainable Energy Reviews, 77, 731–747.
  • Bai, J., & Carrion-I-Silvestre, J. L. (2009). Structural changes, common stochastic trends, and unit roots in panel data. The Review of Economic Studies, 76(2), 471–501.
  • Banerjee, A., & Carrion-i-Silvestre, J. L. (2017). Testing for panel cointegration using common correlated effects estimators. Journal of Time Series Analysis, 38(4), 610–636. https://doi.org/10.1111/jtsa.12234
  • Bano, S., Zhao, Y., Ahmad, A., Wang, S., & Liu, Y. (2018). Identifying the impacts of human capital on carbon emissions in Pakistan. Journal of Cleaner Production, 183, 1082–1092. https://doi.org/10.1016/j.jclepro.2018.02.008
  • Bhattacharya, M., Paramati, S. R., Ozturk, I., & Bhattacharya, S. (2016). The effect of renewable energy consumption on economic growth: Evidence from top 38 countries. Applied Energy, 162, 733–741. https://doi.org/10.1016/j.apenergy.2015.10.104
  • Bruneckiene, J., Mikalonis, Š., & Rapsikevičius, J. (2020). The interaction between ownership concentration and market risk in European, American and Chinese markets: the effects of BREXIT. Engineering Economics, 31(5), 502–512. https://doi.org/10.5755/j01.ee.31.5.25997
  • Castillo-Vergara, M., Quispe-Fuentes, I., & Poblete, J. (2021). Technological Innovation in the Food Industry: A Bibliometric Analysis. Engineering Economics, 32(3), 197–209. https://doi.org/10.5755/j01.ee.32.3.26000
  • Chien, F., Ananzeh, M., Mirza, F., Bakar, A., Vu, H. M., & Ngo, T. Q. (2021). The effects of green growth, environmental-related tax, and eco-innovation towards carbon neutrality target in the US economy. Journal of Environmental Management, 299, 113633.
  • Chien, F., Kamran, H. W., Albashar, G., & Iqbal, W. (2021). Dynamic planning, conversion, and management strategy of different renewable energy sources: a sustainable solution for severe energy crises in emerging economies. International Journal of Hydrogen Energy, 46(11), 7745–7758. https://doi.org/10.1016/j.ijhydene.2020.12.004
  • Chien, F., Pantamee, A. A., Hussain, M. S., Chupradit, S., Nawaz, M. A., & Mohsin, M. (2021). Nexus between financial innovation and bankruptcy: Evidence from information, communication and technology (ICT) sector. The Singapore Economic Review, 1–22. https://doi.org/10.1142/S0217590821500181
  • Chien, F., Sadiq, M., Kamran, H. W., Nawaz, M. A., Hussain, M. S., & Raza, M. (2021). Co-movement of energy prices and stock market return: environmental wavelet nexus of COVID-19 pandemic from the USA, Europe, and China. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-12938-2.
  • Chien, F., Sadiq, M., Nawaz, M. A., Hussain, M. S., Tran, T. D., & Le Thanh, T. (2021). A step toward reducing air pollution in top Asian economies: The role of green energy, eco-innovation, and environmental taxes. Journal of Environmental Management, 297, 113420. https://doi.org/10.1016/j.jenvman.2021.113420
  • Chien, F., Zhang, Y., Sadiq, M., & Hsu, C.-C. (2021). Financing for energy efficiency solutions to mitigate opportunity cost of coal consumption: an empirical analysis of Chinese industries. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-15701-9
  • Chudik, A., & Pesaran, M. H. (2015). Common correlated effects estimation of heterogeneous dynamic panel data models with weakly exogenous regressors. Journal of Econometrics, 188(2), 393–420. https://doi.org/10.1016/j.jeconom.2015.03.007
  • Corrás-Arias, M. Á. (2020). Determinantes de la banca extranjera en España. Un análisis por país de origen. Cuadernos de Economía, 43(121), 48–62.
  • Dadelo, S. (2020). The analysis of sports and their communication in the context of creative industries. Creativity Studies, 13(2), 246–256. https://doi.org/10.3846/cs.2020.12206
  • Daniel, R. (2021). Exploring creativity through artists’ reflections. Creativity Studies, 14(1), 1–17. https://doi.org/10.3846/cs.2021.11207
  • Danielle, N. (2020). Allocation Of Risk In Public Private Partnerships In Information And Communications Technology. International Journal of Ebusiness and Egovernment Studies, 12(1), 17–32.
  • Dogan, E., & Seker, F. (2016). The influence of real output, renewable and non-renewable energy, trade and financial development on carbon emissions in the top renewable energy countries. Renewable and Sustainable Energy Reviews, 60, 1074–1085. https://doi.org/10.1016/j.rser.2016.02.006
  • Dogan, E., & Turkekul, B. (2016). CO 2 emissions, real output, energy consumption, trade, urbanization and financial development: testing the EKC hypothesis for the USA. Environmental Science and Pollution Research, 23(2), 1203–1213. https://doi.org/10.1007/s11356-015-5323-8
  • Dong, B., Ma, X., Zhang, Z., Zhang, H., Chen, R., Song, Y., Shen, M., & Xiang, R. (2020). Carbon emissions, the industrial structure and economic growth: Evidence from heterogeneous industries in China. Environmental Pollution (Barking, Essex: 1987), 262, 114322. https://doi.org/10.1016/j.envpol.2020.114322
  • Eberhardt, M., & Teal, F. (2010). Aggregation versus Heterogeneity in Cross-Country Growth Empirics.
  • Garín-Mun, T. (2006). Inbound international tourism to Canary Islands: a dynamic panel data model. Tourism Management, 27(2), 281–291.
  • Gu, A., & Zhou, X. (2020). Emission reduction effects of the green energy investment projects of China in belt and road initiative countries. Ecosystem Health and Sustainability, 6(1), 1747947. https://doi.org/10.1080/20964129.2020.1747947
  • Haini, H. (2021). Examining the impact of ICT, human capital and carbon emissions: Evidence from the ASEAN economies. International Economics, 166, 116–125. https://doi.org/10.1016/j.inteco.2021.03.003
  • Hao, L.-N., Umar, M., Khan, Z., & Ali, W. (2021). Green growth and low carbon emission in G7 countries: how critical the network of environmental taxes, renewable energy and human capital is? Science of the Total Environment, 752, 141853. https://doi.org/10.1016/j.scitotenv.2020.141853
  • Hsu, C.-C., Quang-Thanh, N., Chien, F., Li, L., & Mohsin, M. (2021). Evaluating green innovation and performance of financial development: mediating concerns of environmental regulation. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-14499-w
  • Huang, S.-Z., Chau, K. Y., Chien, F., & Shen, H. (2020). The Impact of Startups’ Dual Learning on Their Green Innovation Capability: The Effects of Business Executives’ Environmental Awareness and Environmental Regulations. Sustainability, 12(16), 6526. https://doi.org/10.3390/su12166526
  • Huang, S.-Z., Sadiq, M., & Chien, F. (2021). The impact of natural resource rent, financial development, and urbanization on carbon emission. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-16818-7
  • Kennedy, P. L., Schmitz, A., & DeLong, K. L. (2020). Biotechnology and demand concerns: the case of genetically modified US sugar beets.
  • Khan, Z., Ali, S., Dong, K., & Li, R. Y. M. (2021). How does fiscal decentralization affect CO2 emissions? The roles of institutions and human capital. Energy Economics, 94, 105060. https://doi.org/10.1016/j.eneco.2020.105060
  • Khan, Z., Ali, S., Umar, M., Kirikkaleli, D., & Jiao, Z. (2020). Consumption-based carbon emissions and international trade in G7 countries: the role of environmental innovation and renewable energy. Science of the Total Environment, 730, 138945. https://doi.org/10.1016/j.scitotenv.2020.138945
  • Kirikkaleli, D., & Sowah, J. K. (2020). A wavelet coherence analysis: nexus between urbanization and environmental sustainability. Environmental Science and Pollution Research International, 27(24), 30295–30305.
  • Ključnikov, A., Civelek, M., Polách, J., Mikoláš, Z., & Banot, M. (2020). How do security and benefits instill trustworthiness of a digital local currency? Oeconomia Copernicana, 11(3), 433–465. https://doi.org/10.24136/oc.2020.018
  • Li, G., & Wei, W. (2021). Financial development, openness, innovation, carbon emissions, and economic growth in China. Energy Economics, 97, 105194. https://doi.org/10.1016/j.eneco.2021.105194
  • Li, W., Chien, F., Kamran, H. W., Aldeehani, T. M., Sadiq, M., Nguyen, V. C., & Taghizadeh-Hesary, F. (2021). The nexus between COVID-19 fear and stock market volatility. Economic Research-Ekonomska Istraživanja. https://doi.org/10.1080/1331677X.2021.1914125
  • Liu, F., Tait, S., Schellart, A., Mayfield, M., & Boxall, J. (2020). Reducing carbon emissions by integrating urban water systems and renewable energy sources at a community scale. Renewable and Sustainable Energy Reviews, 123, 109767. https://doi.org/10.1016/j.rser.2020.109767
  • Liu, Z., Tang, Y. M., Chau, K. Y., Chien, F., Iqbal, W., & Sadiq, M. (2021). Incorporating strategic petroleum reserve and welfare losses: a way forward for the policy development of crude oil resources in South Asia. Resources Policy, 74, 102309. https://doi.org/10.1016/j.resourpol.2021.102309
  • Carrion-i-Silvestre, J. L., Del Barrio-Castro, T. and López-Bazo, E. (2005). Breaking the panels: an application to the GDP per capita. The Econometrics Journal, 8(2), 159–175.
  • Long, X., Naminse, E. Y., Du, J., & Zhuang, J. (2015). Nonrenewable energy, renewable energy, carbon dioxide emissions and economic growth in China from 1952 to 2012. Renewable and Sustainable Energy Reviews, 52, 680–688. https://doi.org/10.1016/j.rser.2015.07.176
  • Nathaniel, S., Barua, S., Hussain, H., & Adeleye, N. (2021). The determinants and interrelationship of carbon emissions and economic growth in African economies: fresh insights from static and dynamic models. Journal of Public Affairs, 21(1), e2141. https://doi.org/10.1002/pa.2141
  • Nawaz, M. A., Hussain, M. S., Kamran, H. W., Ehsanullah, S., Maheen, R., & Shair, F. (2021). Trilemma association of energy consumption, carbon emission, and economic growth of BRICS and OECD regions: quantile regression estimation. Environmental Science and Pollution Research International, 28(13), 16014–16028.
  • Nguyen, K. H., & Kakinaka, M. (2019). Renewable energy consumption, carbon emissions, and development stages: Some evidence from panel cointegration analysis. Renewable Energy., 132, 1049–1057. https://doi.org/10.1016/j.renene.2018.08.069
  • Nguyen, T. T., Pham, T. A. T., & Tram, H. T. X. (2020). Role of information and communication technologies and innovation in driving carbon emissions and economic growth in selected G-20 countries. Journal of Environmental Management, 261, 110162.
  • Nketia, E. B., Kong, Y., & Korankye, B. (2018). Institutional Quality and Economic Growth Correlation in Africa; An Augmented Mean Group and Common Correlated Effects Mean Group Approach.
  • Nosheen, F., Kouser, R., Anjum, S., & Akhter, M. J. (2021). Control of Carbon Emissions by Promoting Economic Growth and Renewable Energy in Newly Emerging Economic Block. Review of Education, Administration & LAW, 4(2), 409–420. https://doi.org/10.47067/real.v4i2.153
  • Nundkumar, A., & Subban, M. (2020). Risk Management: A Strategic Approach To Enhance Tvet College Management. International Journal of Business & Management Studies, 12(2)
  • Özer, M., Kamenković, S., & Grubišić, Z. (2020). Frequency domain causality analysis of intra-and inter-regional return and volatility spillovers of South-East European (SEE) stock markets. Economic Research-Ekonomska Istraživanja, 33(1), 1–25. https://doi.org/10.1080/1331677X.2019.1699138
  • Paramati, S. R., & Roca, E. (2019). Does tourism drive house prices in the OECD economies? Evidence from augmented mean group estimator. Tourism Management, 74, 392–395. https://doi.org/10.1016/j.tourman.2019.04.023
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross‐section dependence. Journal of Applied Econometrics, 22(2), 265–312. https://doi.org/10.1002/jae.951
  • Pesaran, M. H., & Yamagata, T. (2008). Testing slope homogeneity in large panels. Journal of Econometrics, 142(1), 50–93. https://doi.org/10.1016/j.jeconom.2007.05.010
  • Pothen, F., & Welsch, H. (2019). Economic development and material use. Evidence from international panel data. World Development, 115, 107–119. https://doi.org/10.1016/j.worlddev.2018.06.008
  • Rabbi, F., Akbar, D., & Kabir, S. Z. (2015). Environment Kuznets curve for carbon emissions: A cointegration analysis for Bangladesh. International Journal of Energy Economics Policy, 5(1), 45.
  • Sadiq, M., Hsu, C.-C., Zhang, Y., & Chien, F. (2021). COVID-19 fear and volatility index movements: empirical insights from ASEAN stock markets. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-15064-1
  • Sadiq, M., Nonthapot, S., Mohamad, S., Chee Keong, O., Ehsanullah, S., & Iqbal, N. (2021). Does green finance matter for sustainable entrepreneurship and environmental corporate social responsibility during COVID-19? China Finance Review International, ahead-of-print(ahead-of-print) https://doi.org/10.1108/CFRI-02-2021-0038
  • Saidi, K., & Omri, A. (2020). The impact of renewable energy on carbon emissions and economic growth in 15 major renewable energy-consuming countries. Environmental Research, 186, 109567. https://doi.org/10.1016/j.envres.2020.109567
  • Saleem, N., & Shujah-Ur-Rahman, J. (2019). The impact of human capital and biocapacity on environment: environmental quality measure through ecological footprint and greenhouse gases. Pollut Eff Cont, 7, 237.
  • Sarkodie, S. A., Adams, S., Owusu, P. A., Leirvik, T., & Ozturk, I. (2020). Mitigating degradation and emissions in China: the role of environmental sustainability, human capital and renewable energy. Science of the Total Environment, 719, 137530. https://doi.org/10.1016/j.scitotenv.2020.137530
  • Shair, F., Shaorong, S., Kamran, H. W., Hussain, M. S., Nawaz, M. A., & Nguyen, V. C. (2021). Assessing the efficiency and total factor productivity growth of the banking industry: do environmental concerns matters? Environmental Science and Pollution Research International, 28(16), 20822–20838.
  • Sharif, A., Afshan, S., Chrea, S., Amel, A., & Khan, S. A. R. (2020). The role of tourism, transportation and globalization in testing environmental Kuznets curve in Malaysia: new insights from quantile ARDL approach. Environmental Science and Pollution Research International, 27(20), 25494–25509.
  • Sharif, A., Afshan, S., & Nisha, N. (2017). Impact of tourism on CO2 emission: evidence from Pakistan. Asia Pacific Journal of Tourism Research, 22(4), 408–421. https://doi.org/10.1080/10941665.2016.1273960
  • Sharif, A., Afshan, S., & Qureshi, M. A. (2019). Idolization and ramification between globalization and ecological footprints: evidence from quantile-on-quantile approach. Environmental Science and Pollution Research International, 26(11), 11191–11211.
  • Sharif, A., Bhattacharya, M., Afshan, S., & Shahbaz, M. (2021). Disaggregated renewable energy sources in mitigating CO2 emissions: new evidence from the USA using quantile regressions. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-13829-2
  • Sharif, A., Mishra, S., Sinha, A., Jiao, Z., Shahbaz, M., & Afshan, S. (2020). The renewable energy consumption-environmental degradation nexus in Top-10 polluted countries: Fresh insights from quantile-on-quantile regression approach. Renewable Energy., 150, 670–690. https://doi.org/10.1016/j.renene.2019.12.149
  • Sheraz, M., Deyi, X., Ahmed, J., Ullah, S., & Ullah, A. (2021). Moderating the effect of globalization on financial development, energy consumption, human capital, and carbon emissions: evidence from G20 countries. Environmental Science Pollution Research. https://doi.org/10.1007/s11356-021-13116-0
  • Shuai, C., Chen, X., Wu, Y., Zhang, Y., & Tan, Y. (2019). A three-step strategy for decoupling economic growth from carbon emission: empirical evidences from 133 countries. Science of the Total Environment, 646, 524–543. https://doi.org/10.1016/j.scitotenv.2018.07.045
  • Sohag, K., Kalugina, O., & Samargandi, N. (2019). Re-visiting environmental Kuznets curve: role of scale, composite, and technology factors in OECD countries. Environmental Science and Pollution Research International, 26(27), 27726–27737.
  • Suki, N. M., Suki, N. M., Sharif, A., Afshan, S., & Jermsittiparsert, K. (2022). The role of technology innovation and renewable energy in reducing environmental degradation in Malaysia: A step towards sustainable environment. Renewable Energy., 182, 245–253. https://doi.org/10.1016/j.renene.2021.10.007
  • Swamy, P. A. (1970). Efficient inference in a random coefficient regression model. Econometrica: Journal of the Econometric Society, 38(2), 311–323. https://doi.org/10.2307/1913012
  • Tong, T., Ortiz, J., Xu, C., & Li, F. (2020). Economic growth, energy consumption, and carbon dioxide emissions in the E7 countries: a bootstrap ARDL bound test. Energy, Sustainability and Society, 10(1), 1–17. https://doi.org/10.1186/s13705-020-00253-6
  • Topcu, M., & Çoban, S. (2017). Financial development and firm growth in Turkish manufacturing industry: evidence from heterogeneous panel based non-causality test. Economic Research-Ekonomska Istraživanja, 30(1), 1758–1769. https://doi.org/10.1080/1331677X.2017.1383179
  • Tsunga, K., Moores-Pitt, P., & Mccullough, K. (2020). A Non-Linear Analysis Of South African Exports And Selected Macroeconomic Variables. International Journal of Economics and Finance, 12(2). https://doi.org/10.34109/ijefs.202012212
  • Wang, Q., & Zhang, F. (2021). The effects of trade openness on decoupling carbon emissions from economic growth - Evidence from 182 countries. Journal of Cleaner Production, 279, 123838. https://doi.org/10.1016/j.jclepro.2020.123838
  • Westerlund, J., & Edgerton, D. L. (2008). A simple test for cointegration in dependent panels with structural breaks. Oxford Bulletin of Economics and Statistics, 70(5), 665–704. https://doi.org/10.1111/j.1468-0084.2008.00513.x
  • Wu, X., Sadiq, M., Chien, F., Ngo, Q.-T., & Nguyen, A.-T. (2021). Testing role of green financing on climate change mitigation: evidences from G7 and E7 countries. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-021-15023-w
  • Xia, W., Doğan, B., Shahzad, U., Adedoyin, F. F., Popoola, A., & Bashir, M. A. (2021). An empirical investigation of tourism-led growth hypothesis in the european countries: evidence from augmented mean group estimator. Portuguese Economic Journal. https://doi.org/10.1007/s10258-021-00193-9
  • Xiang, H., Ch, P., Nawaz, M. A., Chupradit, S., Fatima, A., & Sadiq, M. (2021). Integration and economic viability of fueling the future with green hydrogen: An integration of its determinants from renewable economics. International Journal of Hydrogen Energy, 46(77), 38145–38162. https://doi.org/10.1016/j.ijhydene.2021.09.067
  • Yang, J., Hao, Y., & Feng, C. (2021). A race between economic growth and carbon emissions: What play important roles towards global low-carbon development? Energy Economics, 100, 105327. https://doi.org/10.1016/j.eneco.2021.105327
  • Yi, H. (2015). Clean-energy policies and electricity sector carbon emissions in the U.S. states. Utilities Policy, 34, 19–29. https://doi.org/10.1016/j.jup.2015.04.001