Strengthening climate prevention through economic globalization, clean energy, and financial development in N11 countries: evidence from advance panel estimations

References

• Ahmed, Z., Cary, M., & Le, H. P. (2021). Accounting asymmetries in the long-run nexus between globalization and environmental sustainability in the United States: An aggregated and disaggregated investigation. Environmental Impact Assessment Review, 86, 106511. https://doi.org/10.1016/j.eiar.2020.106511
   Web of Science ®Google Scholar
• Alam, M. S., Miah, M. D., Hammoudeh, S., & Tiwari, A. K. (2018). The nexus between access to electricity and labour productivity in developing countries. Energy Policy, 122, 715–726. https://doi.org/10.1016/j.enpol.2018.08.009
   Web of Science ®Google Scholar
• Ampofo, G. K. M., Cheng, J., Ayimadu, E. T., & Asante, D. A. (2021). Investigating the asymmetric effect of economic growth on environmental quality in the next 11. Energies, 14(2), 491. https://doi.org/10.3390/en14020491
   Web of Science ®Google Scholar
• Anwar, A., Sharif, A., Fatima, S., Ahmad, P., Sinha, A., Khan, S. A. R., & Jermsittiparsert, K. (2021). The asymmetric effect of public private partnership investment on transport CO2 emission in China: Evidence from quantile ARDL approach. Journal of Cleaner Production, 288, 125282. https://doi.org/10.1016/j.jclepro.2020.125282
   Web of Science ®Google Scholar
• Anwar, A., Younis, M., & Ullah, I. (2020). Impact of urbanization and economic growth on CO2 emission: A case of far east Asian countries. International Journal of Environmental Research and Public Health, 17(7), 2531. https://doi.org/10.3390/ijerph17072531
   PubMed Web of Science ®Google Scholar
• Apergis, N., & Payne, J. E. (2012). Renewable and non-renewable energy consumption-growth nexus: Evidence from a panel error correction model. Energy Economics, 34(3), 733–738. https://doi.org/10.1016/j.eneco.2011.04.007
   Web of Science ®Google Scholar
• Bai, J., & Carrion-I-Silvestre, J. L. (2009). Structural changes, common stochastic trends, and unit roots in panel data. Review of Economic Studies, 76(2), 471–501. https://doi.org/10.1111/j.1467-937X.2008.00530.x
   Web of Science ®Google Scholar
• Baloch, Z. A., Tan, Q., Kamran, H. W., Nawaz, M. A., Albashar, G., & Hameed, J. (2021). A multi-perspective assessment approach of renewable energy production: Policy perspective analysis. Environment, Development and Sustainability, 1–29. https://doi.org/10.1007/s10668-021-01524-8
   Web of Science ®Google Scholar
• 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
   Web of Science ®Google Scholar
• Bank, W. (2021). World development report 2021: Data for better lives. The World Bank.
   Google Scholar
• Bibi, A., Zhang, X., & Umar, M. (2021). The imperativeness of biomass energy consumption to the environmental sustainability of the United States revisited. Environmental and Ecological Statistics, 28(4), 821–841. https://doi.org/10.1007/s10651-021-00500-9
   Web of Science ®Google Scholar
• Boutabba, MA (2014). The impact of financial development, income, energy and trade on carbon emissions: evidence from the Indian economy. Economic Modeling, 40, 33–41.
   Google Scholar
• Cai, Y., Sam, C. Y., & Chang, T. (2018). Nexus between clean energy consumption, economic growth and CO2 emissions. Journal of Cleaner Production, 182, 1001–1011. https://doi.org/10.1016/j.jclepro.2018.02.035
   Web of Science ®Google Scholar
• Chien, F., Kamran, H. W., Nawaz, M. A., Thach, N. N., Long, P. D., & Baloch, Z. A. (2021). Assessing the prioritization of barriers toward green innovation: Small and medium enterprises Nexus. Environment, Development and Sustainability, 1–31. https://doi.org/10.1007/s10668-021-01513-x
   Web of Science ®Google Scholar
• 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, 1–15. https://doi.org/10.1007/s11356-021-12938-2
   Web of Science ®Google Scholar
• Choi, I. (2001). Unit root tests for panel data. Journal of International Money and Finance, 20(2), 249–272. https://doi.org/10.1016/S0261-5606(00)00048-6
   Web of Science ®Google Scholar
• Choi, I. (2006). Econometric theory and practice: Frontiers of analysis and applied research (pp. 311–333).
   Google Scholar
• Claessens, S., & Feijen, E. (2007). Financial sector development and the millennium development goals. (Issue 89). World Bank Publications.
   Google Scholar
• Copeland, B. R., & Taylor, M. S. (2004). Trade, growth, and the environment. Journal of Economic Literature, 42(1), 7–71. https://doi.org/10.1257/.42.1.7
   Web of Science ®Google Scholar
• Destek, M. A., & Okumus, I. (2019). Does pollution haven hypothesis hold in newly industrialized countries? Evidence from ecological footprint. Environmental Science and Pollution Research International, 26(23), 23689–23695.
   PubMed Web of Science ®Google Scholar
• Dogan, E., & Seker, F. (2016). Determinants of CO2 emissions in the European Union: The role of renewable and non-renewable energy. Renewable Energy., 94, 429–439. https://doi.org/10.1016/j.renene.2016.03.078
   Web of Science ®Google Scholar
• Dumitrescu, E.-I., & Hurlin, C. (2012). Testing for Granger non-causality in heterogeneous panels. Economic Modelling, 29(4), 1450–1460. https://doi.org/10.1016/j.econmod.2012.02.014
   Web of Science ®Google Scholar
• Frankel, J. A., & Romer, D. H. (1999). Does trade cause growth?. American economic review, 89(3), 379–399.
   Google Scholar
• Georgescu, M., Lobell, D. B., & Field, C. B. (2011). Direct climate effects of perennial bioenergy crops in the United States. Proceedings of the National Academy of Sciences, 108(11), 4307–4312. https://doi.org/10.1073/pnas.1008779108
   PubMed Web of Science ®Google Scholar
• Ghosh, S. (2010). Examining carbon emissions economic growth nexus for India: A multivariate cointegration approach. Energy Policy, 38(6), 3008–3014. https://doi.org/10.1016/j.enpol.2010.01.040
   Web of Science ®Google Scholar
• Goldman, S. (2007). BRICS and Beyond. Goldman Sachs Global Economics Group. http://www.goldmansachs.com/japan/ideas/brics/book/bric-full.pdf.
   Google Scholar
• Gozgor, G., & Can, M. (2017). Does export product quality matter for CO2 emissions? Evidence from. Environmental Science and Pollution Research, 24(3), 2866–2875. https://doi.org/10.1007/s11356-016-8070-6
   PubMed Web of Science ®Google Scholar
• Gozgor, G., Mahalik, M. K., Demir, E., & Padhan, H. (2020). The impact of economic globalization on renewable energy in the OECD countries. Energy Policy, 139, 111365. https://doi.org/10.1016/j.enpol.2020.111365
   Web of Science ®Google Scholar
• Group, W. B. (2016). World development report 2016: Digital dividends. World Bank Publications.
   Google Scholar
• Hasanov, F. J., Liddle, B., & Mikayilov, J. I. (2018). The impact of international trade on CO2 emissions in oil exporting countries: Territory vs consumption emissions accounting. Energy Economics, 74, 343–350. https://doi.org/10.1016/j.eneco.2018.06.004
   Web of Science ®Google Scholar
• Im, K. S., Pesaran, M. H., & Shin, Y. (2003). Testing for unit roots in heterogeneous panels. Journal of Econometrics, 115(1), 53–74. https://doi.org/10.1016/S0304-4076(03)00092-7
   Web of Science ®Google Scholar
• Jalil, A. (2014). Energy–growth conundrum in energy exporting and importing countries: Evidence from heterogeneous panel methods robust to cross-sectional dependence. Energy Economics, 44, 314–324. https://doi.org/10.1016/j.eneco.2014.04.015
   Web of Science ®Google Scholar
• Ji, X., Zhang, Y., Mirza, N., Umar, M., & Rizvi, S. K. A. (2021). The impact of carbon neutrality on the investment performance: Evidence from the equity mutual funds in BRICS. Journal of Environmental Management, 297, 113228. https://doi.org/10.1016/j.jenvman.2021.113228
   PubMed Web of Science ®Google Scholar
• Kalayci, C. (2019). The impact of economic globalization on CO2 emissions: The case of NAFTA countries. International Journal of Energy Economics and Policy, 9(1), 356.
   Google Scholar
• Kirikkaleli, D., & Adebayo, T. S. (2021). Do renewable energy consumption and financial development matter for environmental sustainability? New global evidence. Sustainable Development, 29(4), 583–594. https://doi.org/10.1002/sd.2159
   Web of Science ®Google Scholar
• Larsson, R., Lyhagen, J., & Löthgren, M. (2001). Likelihood‐based cointegration tests in heterogeneous panels. The Econometrics Journal, 4(1), 109–142. https://doi.org/10.1111/1368-423X.00059
   Google Scholar
• Levin, A., Lin, C.-F., & Chu, C.-S J. (2002). Unit root tests in panel data: Asymptotic and finite-sample properties. Journal of Econometrics, 108(1), 1–24. https://doi.org/10.1016/S0304-4076(01)00098-7
   Web of Science ®Google Scholar
• Li, W., Chien, F., Hsu, C.-C., Zhang, Y., Nawaz, M. A., Iqbal, S., & Mohsin, M. (2021). Nexus between energy poverty and energy efficiency: Estimating the long-run dynamics. Resources Policy, 72, 102063. https://doi.org/10.1016/j.resourpol.2021.102063
   Web of Science ®Google Scholar
• Liddle, B. (2018). Consumption-based accounting and the trade-carbon emissions nexus. Energy Economics, 69, 71–78. https://doi.org/10.1016/j.eneco.2017.11.004
   Web of Science ®Google Scholar
• Maddala, G. S., & Wu, S. (1999). A comparative study of unit root tests with panel data and a new simple test. Oxford Bulletin of Economics and Statistics, 61(S1), 631–652. https://doi.org/10.1111/1468-0084.0610s1631
   Google Scholar
• McCoskey, S., & Kao, C. (1998). A residual-based test of the null of cointegration in panel data. Econometric Reviews, 17(1), 57–84. https://doi.org/10.1080/07474939808800403
   Google Scholar
• Mikayilov, J. I., Galeotti, M., & Hasanov, F. J. (2018). The impact of economic growth on CO2 emissions in Azerbaijan. Journal of Cleaner Production, 197, 1558–1572. https://doi.org/10.1016/j.jclepro.2018.06.269
   Web of Science ®Google Scholar
• Mohsin, M., Kamran, H. W., Nawaz, M. A., Hussain, M. S., & Dahri, A. S. (2021). Assessing the impact of transition from nonrenewable to renewable energy consumption on economic growth-environmental nexus from developing Asian economies. Journal of Environmental Management, 284, 111999.
   PubMed Web of Science ®Google Scholar
• Moon, H. R., & Perron, B. (2012). Beyond panel unit root tests: Using multiple testing to determine the nonstationarity properties of individual series in a panel. Journal of Econometrics, 169(1), 29–33. https://doi.org/10.1016/j.jeconom.2012.01.008
   Web of Science ®Google Scholar
• Murshed, M., Ahmed, Z., Alam, M. S., Mahmood, H., Rehman, A., & Dagar, V. (2021). Reinvigorating the role of clean energy transition for achieving a low-carbon economy: Evidence from Bangladesh. Environmental Science and Pollution Research, 1–22. https://doi.org/10.1007/s11356-021-15352-w
   Web of Science ®Google Scholar
• Naqvi, S. A. A., Shah, S. A. R., Anwar, S., & Raza, H. (2021). Renewable energy, economic development, and ecological footprint nexus: Fresh evidence of renewable energy environment Kuznets curve (RKC) from income groups. Environmental Science and Pollution Research International, 28(2), 2031–2051.
   PubMed Web of Science ®Google Scholar
• Nathaniel, S. P. (2021). Ecological footprint and human well-being nexus: Accounting for broad-based financial development, globalization, and natural resources in the Next-11 countries. Future Business Journal, 7(1), 1–18. https://doi.org/10.1186/s43093-021-00071-y
   Web of Science ®Google Scholar
• Nawaz, M. A., Seshadri, U., Kumar, P., Aqdas, R., Patwary, A. K., & Riaz, M. (2021). Nexus between green finance and climate change mitigation in N-11 and BRICS countries: Empirical estimation through difference in differences (DID) approach. Environmental Science and Pollution Research International, 28(6), 6504–6519.
   PubMed Web of Science ®Google Scholar
• Nguyen, T., & Le, Q. (2020). Impact of globalization on CO2 emissions in Vietnam: An autoregressive distributed lag approach. Decision Science Letters, 9(2), 257–270.
   Google Scholar
• Özsoy, F., & Ozpolat, A. (n.d.) Do technological development and clean energy effect environmental awareness?: An empirical analysis for Turkey. Gaziantep University Journal of Social Sciences, 19(3), 789–804.
   Google Scholar
• Pata, U. K., & Yilanci, V. (2021). Investigating the persistence of shocks on the ecological balance: Evidence from G10 and N11 countries. Sustainable Production and Consumption, 28, 624–636. https://doi.org/10.1016/j.spc.2021.06.027
   Web of Science ®Google Scholar
• Pedroni, P. (2004). Panel cointegration: Asymptotic and finite sample properties of pooled time series tests with an application to the PPP hypothesis. Econometric Theory, 20(03), 597–625. https://doi.org/10.1017/S0266466604203073
   Web of Science ®Google Scholar
• 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
   Web of Science ®Google Scholar
• Pesaran, M. H., Schuermann, T., & Weiner, S. M. (2004). Modeling regional interdependencies using a global error-correcting macroeconometric model. Journal of Business & Economic Statistics, 22(2), 129–162. https://doi.org/10.1198/073500104000000019
   Web of Science ®Google Scholar
• 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
   Web of Science ®Google Scholar
• Piłatowska, M., & Geise, A. (2021). Impact of clean energy on CO2 emissions and economic growth within the phases of renewables diffusion in selected european countries. Energies, 14(4), 812. https://doi.org/10.3390/en14040812
   Web of Science ®Google Scholar
• Rafique, A., Quddoos, M. U., Ali, S., Aslam, F., Ahmad, M., Güzel, A. E., Akin, C. S., Mushtaq, M., Ahmed, S., Taheri, A., Nessabian, S., Moghaddasi, R., Arbabi, F., Damankeshideh, M., Dang, V. D., Huynh, J., de Salles, A. A., Ananwude, A. C., Ibenta, S. N., … & Trivedi, P. (2021). Monetary policy transmission: Balance sheet channel and investment behavior of firms in Pakistan. Economic Journal of Emerging Markets, 13(1), 1–108. file:///C:/Users/Mg/Downloads/1444-255-PB.pdf
   Google Scholar
• Razzaq, A., Ajaz, T., Li, J. C., Irfan, M., & Suksatan, W. (2021). Investigating the asymmetric linkages between infrastructure development, green innovation, and consumption-based material footprint: Novel empirical estimations from highly resource-consuming economies. Resources Policy, 74, 102302. https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2021-full-report.pdf
   Google Scholar
• Sadorsky, P. (2010). The impact of financial development on energy consumption in emerging economies. Energy Policy, 38(5), 2528–2535. https://doi.org/10.1016/j.enpol.2009.12.048
   Web of Science ®Google Scholar
• Shahbaz, M., Solarin, S. A., & Ozturk, I. (2016). Environmental Kuznets curve hypothesis and the role of globalization in selected African countries. Ecological Indicators, 67, 623–636. https://doi.org/10.1016/j.ecolind.2016.03.024
   Web of Science ®Google Scholar
• Shahzad, S. J. H., Kumar, R. R., Zakaria, M., & Hurr, M. (2017). Carbon emission, energy consumption, trade openness and financial development in Pakistan: A revisit. Renewable and Sustainable Energy Reviews, 70, 185–192. https://doi.org/10.1016/j.rser.2016.11.042
   Web of Science ®Google Scholar
• 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.
   PubMed Web of Science ®Google Scholar
• Sinha, A., & Shahbaz, M. (2018). Estimation of environmental Kuznets curve for CO2 emission: Role of renewable energy generation in India. Renewable Energy., 119, 703–711. https://doi.org/10.1016/j.renene.2017.12.058
   Web of Science ®Google Scholar
• Su, C.-W., Khan, K., Umar, M., & Zhang, W. (2021). Does renewable energy redefine geopolitical risks? Energy Policy, 158, 112566. https://doi.org/10.1016/j.enpol.2021.112566
   Web of Science ®Google Scholar
• Sun, H., Awan, R. U., Nawaz, M. A., Mohsin, M., Rasheed, A. K., & Iqbal, N. (2021). Correction to: Assessing the socio-economic viability of solar commercialization and electrification in south Asian countries. Environment, Development and Sustainability, 23(8), 12659–12660. https://doi.org/10.1007/s10668-020-01145-7
   Web of Science ®Google Scholar
• Su, C.-W., Qin, M., Tao, R., & Umar, M. (2020). Does oil price really matter for the wage arrears in Russia? Energy, 208, 118350. https://doi.org/10.1016/j.energy.2020.118350
   Web of Science ®Google Scholar
• Su, C.-W., Yuan, X., Tao, R., & Umar, M. (2021). Can new energy vehicles help to achieve carbon neutrality targets? Journal of Environmental Management, 297, 113348. https://doi.org/10.1016/j.jenvman.2021.113348
   PubMed Web of Science ®Google Scholar
• Swamy, P. A. (1970). Efficient inference in a random coefficient regression model. Econometrica, 38(2), 311–323. https://doi.org/10.2307/1913012
   Web of Science ®Google Scholar
• Taghizadeh-Hesary, F., Rasoulinezhad, E., Yoshino, N., Sarker, T., & Mirza, N. (2021). Determinants of the Russia and Asia–Pacific energy trade. Energy Strategy Reviews, 38, 100681. https://doi.org/10.1016/j.esr.2021.100681
   Web of Science ®Google Scholar
• Taghizadeh-Hesary, F., & Yoshino, N. (2020). Sustainable solutions for green financing and investment in renewable energy projects. Energies, 13(4), 788. https://doi.org/10.3390/en13040788
   Web of Science ®Google Scholar
• Tamazian, A., Chousa, J. P., & Vadlamannati, K. C. (2009). Does higher economic and financial development lead to environmental degradation: Evidence from BRIC countries. Energy Policy, 37(1), 246–253. https://doi.org/10.1016/j.enpol.2008.08.025
   Web of Science ®Google Scholar
• Ullah, S., Ozturk, I., Usman, A., Majeed, M. T., & Akhtar, P. (2020). On the asymmetric effects of premature deindustrialization on CO2 emissions: Evidence from Pakistan. Environmental Science and Pollution Research International, 27(12), 13692–13702.
   PubMed Web of Science ®Google Scholar
• Umar, M., Ji, X., Kirikkaleli, D., & Alola, A. A. (2021). The imperativeness of environmental quality in the United States transportation sector amidst biomass-fossil energy consumption and growth. Journal of Cleaner Production, 285, 124863. https://doi.org/10.1016/j.jclepro.2020.124863
   Web of Science ®Google Scholar
• Umar, M., Ji, X., Kirikkaleli, D., Shahbaz, M., & Zhou, X. (2020). Environmental cost of natural resources utilization and economic growth: Can China shift some burden through globalization for sustainable development? Sustainable Development, 28(6), 1678–1688. https://doi.org/10.1002/sd.2116
   Web of Science ®Google Scholar
• Umar, M., Ji, X., Kirikkaleli, D., & Xu, Q. (2020). COP21 Roadmap: Do innovation, financial development, and transportation infrastructure matter for environmental sustainability in China? J Environ Manage, 271, 111026. https://doi.org/10.1016/j.jenvman.2020.111026
   PubMed Web of Science ®Google Scholar
• Umar, M., Ji, X., Mirza, N., & Rahat, B. (2021). The impact of resource curse on banking efficiency: Evidence from twelve oil producing countries. Resources Policy, 72, 102080. https://doi.org/10.1016/j.resourpol.2021.102080
   Web of Science ®Google Scholar
• Umar, M., Su, C.-W., Rizvi, S. K. A., & Lobonţ, O.-R. (2021). Driven by fundamentals or exploded by emotions: Detecting bubbles in oil prices. Energy, 231, 120873. https://doi.org/10.1016/j.energy.2021.120873
   Web of Science ®Google Scholar
• Usman, A., Ullah, S., Ozturk, I., Chishti, M. Z., & Zafar, S. M. (2020). Analysis of asymmetries in the nexus among clean energy and environmental quality in Pakistan. Environmental Science and Pollution Research International, 27(17), 20736–20747.
   PubMed Web of Science ®Google Scholar
• Wang, Z. (2019). Does biomass energy consumption help to control environmental pollution? Evidence from BRICS countries. Science of the Total Environment, 670, 1075–1083. https://doi.org/10.1016/j.scitotenv.2019.03.268
   PubMed Web of Science ®Google Scholar
• Wang, Q.-S., Su, C.-W., Hua, Y.-F., & Umar, M. (2021). How can new energy vehicles affect air quality in China?—From the perspective of crude oil price. Energy & Environment, 0958305X2110443. https://doi.org/10.1177/0958305X211044388
   Web of Science ®Google Scholar
• Wang, K.-H., Umar, M., Akram, R., & Caglar, E. (2021). Is technological innovation making world “Greener”? An evidence from changing growth story of China. Technological Forecasting and Social Change, 165, 120516. https://doi.org/10.1016/j.techfore.2020.120516
   Web of Science ®Google Scholar
• Westerlund, J. (2005). New simple tests for panel cointegration. Econometric Reviews, 24(3), 297–316. https://doi.org/10.1080/07474930500243019
   Web of Science ®Google Scholar
• 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
   Web of Science ®Google Scholar
• Xu, Q., Umar, M., & Ji, X. (2020). Time-frequency analysis between renewable and nonrenewable energy consumption, economic growth, and CO2 emissions in the United States: Evidence from the transportation sector. 2964–2974. https://doi.org/10.1061/9780784483053.250
   Google Scholar
• Yan, L., Mirza, N., & Umar, M. (2021). The cryptocurrency uncertainties and investment transitions: Evidence from high and low carbon energy funds in China. Technological Forecasting and Social Change, 121326. https://doi.org/10.1016/j.techfore.2021.121326
   Web of Science ®Google Scholar
• Yang, X., Li, N., Mu, H., Pang, J., Zhao, H., & Ahmad, M. (2021). Study on the long-term impact of economic globalization and population aging on CO2 emissions in OECD countries. Science of the Total Environment, 787, 147625. https://doi.org/10.1016/j.scitotenv.2021.147625
   PubMed Web of Science ®Google Scholar
• Yao, Y., Ivanovski, K., Inekwe, J., & Smyth, R. (2019). Human capital and energy consumption: Evidence from OECD countries. Energy Economics, 84, 104534. https://doi.org/10.1016/j.eneco.2019.104534
   Web of Science ®Google Scholar
• Yao, X., Yasmeen, R., Hussain, J., & Shah, W. U. H. (2021). The repercussions of financial development and corruption on energy efficiency and ecological footprint: Evidence from BRICS and next 11 countries. Energy, 223, 120063. https://doi.org/10.1016/j.energy.2021.120063
   Web of Science ®Google Scholar
• You, W., & Lv, Z. (2018). Spillover effects of economic globalization on CO2 emissions: A spatial panel approach. Energy Economics, 73, 248–257. https://doi.org/10.1016/j.eneco.2018.05.016
   Web of Science ®Google Scholar
• Zhang, Y.-J. (2011). The impact of financial development on carbon emissions: An empirical analysis in China. Energy Policy, 39(4), 2197–2203. https://doi.org/10.1016/j.enpol.2011.02.026
   Web of Science ®Google Scholar
• Zhang, J., Dai, Y., Su, C.-W., Kirikkaleli, D., & Umar, M. (2021). Intertemporal change in the effect of economic growth on carbon emission in China. Energy & Environment, 32(7), 1207–1225. https://doi.org/10.1177/0958305X211008618
   Web of Science ®Google Scholar
• Zhang, B., Wang, B., & Wang, Z. (2017). Role of renewable energy and non-renewable energy consumption on EKC: evidence from Pakistan. Journal of Cleaner Production, 156, 855–864.
   Web of Science ®Google Scholar
• Zhuang, Y., Yang, S., Chupradit, S., Nawaz, M. A., Xiong, R., & Koksal, C. (2021). A nexus between macroeconomic dynamics and trade openness: Moderating role of institutional quality. Business Process Management Journal, 27(6), 1703–1719. https://doi.org/10.1108/BPMJ-12-2020-0594
   Web of Science ®Google Scholar