229
Views
0
CrossRef citations to date
0
Altmetric
Area Studies (Asian)

Unveiling the interplay between climate variability and economic growth in India: an auto regressive distributed lag (ARDL) framework

, , &
Article: 2352507 | Received 03 Nov 2023, Accepted 25 Apr 2024, Published online: 15 May 2024

References

  • Adejumo, M. O. (2021). Climate change and economy in Nigeria: A quantitative approach. Acta Economica, 19(34), 1–19. https://doi.org/10.7251/ACE2134169M
  • Agricultural Statistics at a Glance. (2020). Various issues; Ministry of Agriculture and Farmers’ Welfare. ; Government of India. 2011–2019.
  • Ali, W., Abdullah, A., & Azam, M. (2017). Re-visiting the environmental Kuznets curve hypothesis for Malaysia: Fresh evidence from ARDL bounds testing approach. Renewable and Sustainable Energy Reviews, 77, 990–1000. https://doi.org/10.1016/j.rser.2016.11.236
  • Amar, R., Dagar, V., Sohag, K., Dagher, L., & Tanin, T. I. (2023). Good for the planet, good for the wallet: The ESG impact on financial performance in India. Finance Research Letters, 56, 104093. https://doi.org/10.1016/j.frl.2023.104093
  • Bakare, A. S. (2011). A theoretical analysis of capital formation and growth in Nigeria. Far East Journal of Psychology and Business, 3(2), 11–24. http://www.fareastjournals.com/files/FEJPBV3N1P2.pdf.
  • Balasubramanian, M., & Dhulasi, B. V. (2012). Climate change and its impact on India. The IUP Journal of Environmental Sciences, 6(1), 31–46. https://www.researchgate.net/publication/256034994
  • Belford, C., Delin, H., Ceesay, E., Ahmed, Y. N., Sanyang, L., & Jonga, R. H. (2020). The impact of climate change on economic growth based on time series evidence. International Journal of Human Capital in Urban Management, 5(4), 305–318. https://doi.org/10.22034/IJHCUM.2020.04.03
  • Brown, R., Durbin, J., & Evans, J. (1975). Techniques for testing the constancy of regression relationships over time. Journal of the Royal Statistical Society Series B: Statistical Methodology, 37(2), 149–163. http://www.jstor.org/stable/2984889. https://doi.org/10.1111/j.2517-6161.1975.tb01532.x
  • Christian, U., Guesmi, K., Abid, I., & Dagher, L. (2023). Dynamic integration and transmission channels among interest rates and oil price shocks. The Quarterly Review of Economics and Finance, 87, 296–317. https://doi.org/10.1016/j.qref.2021.04.008
  • Daniyal, M., Tawiah, K., Qureshi, M., Haseeb, M., Asosega, K. A., Kamal, M., & Rehman, M. U. (2023). An autoregressive distributed lag approach for estimating the nexus between CO2 emissions and economic determinants in Pakistan. PloS One, 18(5), e0285854. https://doi.org/10.1371/journal.pone.0285854
  • Dickey, D. A., & Fuller, W. A. (1979). Distribution of the estimators for auto-regressive time series with a unit root. Journal of the American Statistical Association, 74(366), 27–31. https://doi.org/10.2307/2286348
  • Dumrul, Y., & Kilicarslan, Z. (2017). Economic impacts of climate change on agriculture: Empirical evidence from ARDL approach for Turkey. Journal of Business, Economics and Finance (JBEF), 6(4), 336–347. https://doi.org/10.17261/Pressacademia.2017.766
  • Fateh, B., Dagher, L., & Filis, G. (2021). Revisiting the resource curse in the MENA region. Resources Policy, 73, 102225. https://doi.org/10.1016/j.resourpol.2021.102225
  • Ghosh, B. C., Eyasmin, F., & Adeleye, B. N. (2023). Climate change and agriculture nexus in Bangladesh: Evidence from ARDL and ECM techniques. PLOS Climate, 2(7), e0000244. https://doi.org/10.1371/journal.pclm.0000244
  • Grossman, G. M., & Krueger, A. B. (1995). Economic growth and environment. The Quarterly Journal of Economics, 110(2), 353–377. https://doi.org/10.2307/2118443
  • Harris, R., & Sollis, R. (2003). Applied time series modelling and forecasting. John Wiley and Sons. https://durham-repository.worktribe.com/output/1127788
  • Hasan, M. B., Ali, M. S., Uddin, G. S., Al Mahi, M., Liu, Y., & Park, D. (2022). Is Bangladesh on the right path toward sustainable development? An empirical exploration of energy sources, economic growth, and CO2 discharges nexus. Resources Policy, 79, 103125. https://doi.org/10.1016/j.resourpol.2022.103125
  • Hitz, S., & Smith, J. B. (2004). Estimating global impacts from climate change. Global Environmental Change, 14(3), 201–218. https://doi.org/10.1016/j.gloenvcha.2004.04.010
  • Hope, C. W. (2006). The marginal impact of CO2 from PAGE2002: An integrated assessment model incorporating the IPCC’s five reasons for concern. Integrated Assessment Journal, 6(1), 19–56. https://api.semanticscholar.org/CorpusID:56312893.
  • Imran, A. B., Irfan, M., Aarif, M., Husain, S., & Sulaiman, M. (2023). How agricultural technologies and climatic factors affect India’s crop production? A roadmap towards sustainable agriculture. Sustainable Development, 31(4), 2908–2928. https://doi.org/10.1002/sd.2558
  • Jessie, G., Daniel, K., & Patrick, S. (2021). The economics of climate change: No action not an option Swiss Re Institute. https://www.swissre.com/institute/research/topics-and-risk-dialogues/climate-and-natural-catastrophe-risk/expertise-publication-economics-of-climate-change.html
  • Jonathan, M. H., Roach, B., & Codu, A.-M. (2017). The Economics of Global Climate Change. Global Development and Environment Institute, Tufts University Medford. http://ase.tufts.edu/gdae
  • Kanu, S. I., & Ozurumba, B. A. (2014). Capital formation and economic growth in Nigeria. Global Journal of Human-Social Sciences, 4(4), 1–17. https://dc.cbn.gov.ng/bullion.
  • Kowtham, R., Pranav, L., & Clay, S. (2022). Harnessing Green Hydrogen Opportunities for Deep Decarbonisation in India. NITI Aayog and RMI. https://www.niti.gov.in/documents/reports/
  • Layal, M. I., Leila, D., & Sadika, E. H. (2020a). A financial stress index for a highly dollarized developing country: The case of Lebanon. Central Bank Review, 20(2), 43–52. https://doi.org/10.1016/j.cbrev.2020.02.004
  • Layal, M. I., Leila, D., & Sadika, E. H. (2020b). Not the usual suspects: Critical indicators in a dollarized country’s Financial Stress Index. Finance Research Letters, 32, 101175. https://doi.org/10.1016/j.frl.2019.03.037
  • Leila, D., Bassam, F., & Ibrahim, J. (2020). Oil price dynamics and energy transitions in the Middle East and North Africa: Economic implications and structural reforms. Energy Policy, 139, 111329. https://doi.org/10.1016/j.enpol.2020.111329
  • Leila, D., & Fakhri, J. H. (2023). Oil market shocks and financial instability in Asian countries. International Review of Economics & Finance, 84, 182–195. https://doi.org/10.1016/j.iref.2022.11.008
  • Leila, D., Ibrahim, J., & Oussama, A. Y. (2023). Extreme energy poverty: The aftermath of Lebanon’s economic collapse. Energy Policy, 183, 113783. https://doi.org/10.1016/j.enpol.2023.113783
  • Lena, D., Hannah, S., & Jan, B. (2019). German watch Brown to Green - The G20 Transition towards a Net-Zero Emissions Economy. www.climate-transparency.org/g20-climate-performance/g20report2019.
  • Maki, D. (2012). Tests for cointegration allowing for an unknown number of breaks. Economic Modelling, 29(5), 2011–2015. https://doi.org/10.1016/j.econmod.2012.04.022
  • Matthias, K and., & Leonie, W. (2020). The impact of climate conditions on economic production - Evidence from a global panel of regions. Journal of Environmental Economics and Management, 103, 102360. https://doi.org/10.1016/j.jeem.2020.102360
  • Mishra, S. K., Sahany, S., Joshi, S., Dash, S. K., Sharma, A., & Bhalla, A. (2020). Impact of climate change on Indian Economy. YES Bank ltd.
  • Mordecki, G., & Ramírez, L. (2014). Investment, growth and employment: VECM for Uruguay. Serie Documentos de Trabajo/FCEA-IE; DT07/14. https://hdl.handle.net/20.500.12008/4256
  • Neanywa, T., & Makhenyane, L. (2016). Can investment activities in the form of capital formation influence economic growth in South Africa? In SAAPAM Limpopo Chapter 5th Annual Conference Proceedings (pp. 1–10). https://api.semanticscholar.org/CorpusID:73614471
  • Nordhaus, W. D. (1991). To slow or not to slow: The economics of the greenhouse effect. The Economic Journal, 101(407), 920–937. https://doi.org/10.2307/2233864
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of the level of relationship. Journal of Applied Econometrics, 16(3), 289–326. https://doi.org/10.1002/jae.616
  • Phillips, P. C. B., & Perron, P. (1988). Testing for unit roots in time series regression. Biometrika, 75(2), 335–346. https://doi.org/10.1093/biomet/75.2.335
  • Rahim, S., & Puay, T. G. (2017). The impact of climate on economic growth in Malaysia. Journal of Advanced Research in Business and Management Studies, 6(2), 108–119. https://www.akademiabaru.com/submit/index.php/arbms/article/view/1225
  • Roy, A., & Haider, M. Z. (2018). Stern review on the economics of climate change: Implications for Bangladesh. International Journal of Climate Change Strategies and Management, 11(1), 100–117. https://doi.org/10.1108/IJCCSM-04-2017-0089
  • Sefa, I and., & Fatih, C. Ö. (2021). The impact of agricultural input costs on food prices in Turkey: A case study. Agricultural Economics (Zemědělská Ekonomika), 67(3), 101–110. https://doi.org/10.17221/260/2020-AGRICECON
  • Solomon, S. D., Qin, M., Manning, Z., Chen, M., Marquis, M., Tignor, K. B. M., & Miller, H. L. (2007). The Physical Science Basis, Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press. 996.
  • Stern, N. H., Peters, S., Bakhshi, V., Bowen, A., Cameron, C., Catovsky, S., Crane, D., Cruickshank, S., Dietz, S., Edmonson, N., Garbett, S. L., Hamid, L., Hoffman, G., Ingram, D., Jones, B., Patmore, N., Radcliffe, H., Sathiyarajah, R., Stock, M., … Zenghelis, D. (2006). Stern review: The economics of climate change. Cambridge University Press. https://doi.org/10.1007/s10584-008-9431-z
  • Tol, R. S. J. (2008). The social cost of carbon: Trends, outliers and catastrophes. Economics, 2(1), 1–24. https://doi.org/10.5018/economics-ejournal.ja.2008-25
  • Ugochukwu, U. S., & Chinyere, U. P. (2013). The impact of capital formation on the growth of Nigerian economy. Research Journal of Finance and Accounting, 4(9), 36–42. https://api.semanticscholar.org/CorpusID:56067326
  • Yohe, G. W., Lasco, R. D., Ahmad, Q. K., Arnell, N. W., Cohen, S. J., Hope, C., Janetos, A. C., & Perez, R. T. (2007). Perspectives on climate change and sustainability. Climate Change. 2007: Impacts, Adaptation and Vulnerability. Contribution of Working Group II to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change (pp. 811–841). (M.L. Parry, O.F. Canziani, J.P. Palutikof, P.J. van der Linden and C.E. Hanson, Eds) Cambridge University Press. https://tools.niehs.nih.gov ' index.cfm
  • Yohe, G. W., & Schlesinger, M. E. (2002). The economic geography of the impacts of climate change. Journal of Economic Geography, 2(3), 311–341. https://doi.org/10.1093/jeg/2.3.311.