Article
Economics
Muhammad Khan, Seong-Min Yoon
Summary: The study examines the relationship between pollution emissions, financial instability, output growth, trade openness, gross fixed capital formation and foreign direct investment (FDI) in 88 developing economies from 1980 to 2014. The results suggest long-run relationships among the variables, with income, trade openness, investment and financial instability increasing carbon dioxide (CO2) emissions, while FDI reduces emissions. Short-run models show a bidirectional link between income and environmental degradation. These findings have important policy implications for developing countries.
Article
Environmental Sciences
Wen Xuezhou, Emmanuel Kwaku Manu, Isaac Newton Akowuah
Summary: The study investigated the complex relationships between financial development and environmental quality in Sub-Saharan Africa, revealing variations in growth and environmental outcomes among different sub-regional economies. The findings indicated a two-way causal connection between economic growth and CO2 emissions in Western and Central African republics.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Hossein Ali Fakher, Mostafa Panahi, Karim Emami, Kambiz Peykarjou, Seyed Yaghoub Zeraatkish
Summary: This study examines the impact of financial development on environmental quality in different country groups, finding varying effects of economic growth and financial development on the composite environmental quality index (CEQI) in OPEC and OECD countries. In OPEC countries, financial development strengthens the negative impacts of economic growth on environmental quality, while in OECD countries, economic growth has a negative effect on environmental quality and financial development weakens this effect.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Environmental Studies
Katerina Pekarcikova, Michal Vanek, Radmila Sousedikova
Summary: The article explores the determinants of economic growth in OPEC member countries and reveals that daily oil production, oil exports, and oil prices have a positive impact on GDP, while unemployment and exchange rates have a negative impact. No correlation is found between inflation, population growth, oil demand, and GDP.
Article
Environmental Sciences
Yiguo Chen, Peng Luo, Teng Tong, Jing Wang, Tsangyao Chang
Summary: This paper examines the relationship between financial development and environmental quality in China. The study finds that financial development has a positive impact on environmental quality, particularly in reducing PM2.5 concentration. After considering structural shifts, the relationship between financial development and environmental improvement is significant in more regions. This suggests that China can utilize the positive impact of finance to address climate change.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Economics
Chang-Qing Song, Chun-Ping Chang, Qiang Gong
Summary: The study reveals that economic growth has a positive impact on financial development in the long run, while corruption has a negative effect; developing countries can advance financial development policies by promoting economic growth and temporarily relaxing corruption, while developed countries may need to find other channels as the causal relationships are weaker.
ECONOMIC MODELLING
(2021)
Article
Environmental Sciences
Hayat Khan, Liu Weili, Itbar Khan
Summary: The belt and road countries, mostly emerging and developing countries, are facing the challenge of environmental degradation due to their development process. This study examines the impact of institutional quality indicators and financial development on carbon dioxide emission in these countries. The results show that financial development, economic growth, and energy consumption contribute to carbon dioxide emission and degrade environmental quality. Certain institutional quality indicators, such as government effectiveness, voice and accountability, corruption control, rule of law, regulatory quality, and political stability, have varying effects on carbon dioxide emission and environmental quality. The findings have policy implications for improving environmental sustainability through institutional reforms and financial institutions.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Hossein Ali Fakher, Zahoor Ahmed, Rafael Alvarado, Muntasir Murshed
Summary: This research examines the association between trade, financial development, consumption of renewable energy, environmental quality, foreign direct investment, and economic growth in both low- and high-income countries. The findings show that renewable energy consumption and environmental quality contribute to economic growth in high-income nations but not in low-income countries. Financial development plays a crucial role in boosting economic growth in both high- and low-income countries. Trade openness stimulates economic growth in high-income countries but hinders it in low-income countries. Causality analysis reveals different hypotheses, such as the conservation hypothesis and feedback hypothesis, in explaining the relationship between renewable energy consumption and economic growth in low- and high-income countries. One-way causality from growth to environmental quality and bidirectional causality between environmental quality and economic growth are established. Comprehensive environmental and economic policies are recommended.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Business, Finance
Tanveer Ahsan, Bakr Al-Gamrh, Sultan Sikandar Mirza
Summary: This study examines the impact of firm business strategy on sustainable financial growth during economic policy uncertainty. The findings indicate that economic policy uncertainty negatively affects sustainable financial growth of Chinese firms. However, the defensive business strategy helps mitigate the negative impact, while the analytical business strategy alleviates the negative impact. These results provide guidance for corporations in dealing with policy uncertainties effectively.
FINANCE RESEARCH LETTERS
(2022)
Article
Environmental Sciences
Xiaojuan Liu, Xia Li, Hong Shi, Yuchao Yan, Xiaoxia Wen
Summary: The study found that economic growth in the tropics has a negative impact on terrestrial carbon sequestration capacity per capita, and the effects of sectoral economies vary across different income levels. Achieving economic sustainability in the tropics requires a balance between economic development and the natural environment.
SCIENCE OF THE TOTAL ENVIRONMENT
(2021)
Article
Environmental Sciences
Jing Gao, Dailong Wu, Quan Xiao, AbidAli Randhawa, Qiang Liu, Teng Zhang
Summary: Under the new normal, green finance is closely related to high-quality economic development in China. This research integrates green finance, environmental pollution, and high-quality economic development into a unified empirical analysis framework using an innovative spatial econometric model based on 30 province panel data sets from China from 2010 to 2019. The study finds that green finance contributes greatly to high-quality economic development and can mitigate the detrimental effects of pollution on economic development. The research also highlights the spatial spillover effects of green finance and the heterogeneity among different regions in China.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business, Finance
Zulkefly Abdul Karim, Rosmah Nizam, Siong Hook Law, M. Kabir Hassan
Summary: This study finds that financial inclusiveness has a positive impact on economic growth, but there is a threshold effect. The level of financial inclusiveness has a different impact on economic growth in different types of countries.
FINANCE RESEARCH LETTERS
(2022)
Article
Environmental Sciences
Junaid Ashraf, Liangqing Luo, Muhammad Khalid Anser
Summary: The study shows that in the South Asian region, economic growth is driven by energy consumption, trade, economic freedom, and institutional quality, with the positive impact of effective and fair political institutions on both economic development and reduction of CO2 emissions. Additionally, the BRI policy has significantly stimulated economic growth since 2013.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Green & Sustainable Science & Technology
Rijia Ding, Fenfen Shi, Suli Hao
Summary: The development of digital financial inclusion and environmental regulation have direct promotion and spatial spillover effects on regional economic growth, and there is a significant synergistic effect between the two factors. Digital financial inclusion plays a greater role in promoting the economy in the eastern region, while environmental regulation plays a greater role in the central region, and the synergy between the two greatly promotes economic development in the central region.
Article
Green & Sustainable Science & Technology
Itbar Khan, Ruoyu Zhong, Hayat Khan, Ying Dong, Florian Marcel Nuta
Summary: This study examines the relationship between technological innovation, carbon dioxide emissions, and economic growth in 35 Belt and Road countries from 1985 to 2019. The findings suggest that technological innovations can enhance economic growth and environmental quality. However, economic growth has negative effects on environmental quality, while foreign direct investment and research and development expenditure reduce technological innovation. The results have significant policy implications for these countries in terms of economic growth, technological innovations, and environmental quality.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Management
Hooi Hooi Lean, Duc Khuong Nguyen, Ahmet Sensoy, Gazi Salah Uddin
Summary: The past two decades have seen major financial crises, leading investors to seek alternative assets and investment strategies to reduce portfolio risk. This article explores the role of commodity futures in portfolio design and risk management, finding that including commodity futures in diversified portfolios does not always improve risk-return performance, except in certain circumstances.
INTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH
(2023)
Article
Business, Finance
Kizito Uyi Ehigiamusoe
Summary: This study examines the impacts of globalization and energy consumption on economic growth in low-income countries. It finds that overall globalization has a positive impact, with social and political dimensions boosting economic growth while the economic dimension undermines it. The study also shows that energy consumption, particularly non-renewable energy, is a significant determinant of economic growth. Additionally, there is a unidirectional causality from globalization to energy consumption. The findings suggest that efforts to accelerate economic growth should consider both globalization and energy consumption, while also identifying dimensions that can drive growth.
INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS
(2023)
Article
Hospitality, Leisure, Sport & Tourism
Kizito Uyi Ehigiamusoe, Muhammad Shahbaz, Xuan Vinh Vo
Summary: Tourism and globalization can contribute to economic growth but may also worsen environmental degradation. This study found that increasing globalization can mitigate the impact of tourism on carbon emissions, but its effect on ecological footprint is not significant. Therefore, countries should consider the interaction between tourism and globalization to ensure environmental sustainability.
JOURNAL OF TRAVEL RESEARCH
(2023)
Article
Green & Sustainable Science & Technology
Busayo Victor Osuntuyi, Hooi Hooi Lean
Summary: This study examines the effects of education levels on the energy-growth-environment nexus and finds that education increases environmental pollution. The marginal impacts of energy consumption at different education levels also have adverse effects on environmental pollution.
Article
Development Studies
Busayo Victor Osuntuyi, Hooi Hooi Lean
Summary: This study examines the direct and moderating roles of education in the growth-energy-environment relationship in 23 African countries. The study finds that education exacerbates environmental degradation both directly and as a moderator, and the marginal impacts of energy consumption on the environment are contingent upon education.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Environmental Studies
Kizito Uyi Ehigiamusoe, Hooi Hooi Lean, Sotheeswari Somasundram
Summary: The escalating environmental degradation in Malaysia is a significant concern due to its negative impact on climate change and human well-being. This study addresses the lack of comprehensive research on the environmental consequences of sectoral growth. It examines the agricultural, industrial, and financial sectors in Malaysia from 1980 to 2018, using ecological footprint and carbon emissions as indicators of environmental degradation. The findings highlight the aggravating effect of the agricultural, industrial, and market-based financial sectors on carbon emissions, while the bank-based financial sector helps mitigate them.
ENERGY & ENVIRONMENT
(2023)
Article
Business
Hooi Hooi Lean, Fabio Pizzutilo, Kimberly Gleason
Summary: The United Nations' Sustainable Development Goals and investor interest in Environmental, Social and Governance (ESG) investment strategies have led to a shift towards green or renewable energy sector. This study examines the financial implications of investing in renewable energy and whether it can serve as a hedge during financial stress. The findings suggest that, during the COVID-19 pandemic and non-crisis periods, there is no significant difference in alphas between gray and renewable energy stocks. However, the renewable energy index exhibits higher idiosyncratic volatility as expected.
CORPORATE SOCIAL RESPONSIBILITY AND ENVIRONMENTAL MANAGEMENT
(2023)
Article
Development Studies
Muhammed Ashiq Villanthenkodath, Mantu Kumar Mahalik, Almas Heshmati, Hooi Hooi Lean
Summary: This study aims to examine the impact of energy poverty on the aggregate and disaggregate material footprint components for the BRICS countries, while considering economic growth and tourism development. The study confirms a positive and significant impact of energy poverty on material footprint and its components. The findings also reveal a U-shaped Environmental Kuznets Curve for material footprints indicators. Based on the results, the study proposes policies for energy poverty alleviation and sustainable development in the BRICS region.
JOURNAL OF ENVIRONMENTAL PLANNING AND MANAGEMENT
(2023)
Article
Economics
Dzul Hadzwan Husaini, Hooi Hooi Lean, Chin -Hong Puah, A. M. Dyg Affizzah
Summary: The 12th Sustainable Development Goals (SDGs) emphasize the importance of sustainable consumption and production patterns. It has been observed that energy subsidies can lead to overconsumption, misuse, and moral hazard problems. As a result, there is a need to rationalize inefficient energy subsidies. The Malaysian government has implemented a subsidy reformation program to enhance energy efficiency and reduce fiscal burdens.
ECONOMIC ANALYSIS AND POLICY
(2023)
Article
Economics
Jawad Asif, Irene Wei Kiong Ting, Hooi Hooi Lean, Qian Long Kweh
Summary: This study examines the nonlinear relationship between intellectual capital (IC) investments and firm performance in Malaysian public listed firms. The results show that the impact of IC on firm performance is nonlinear, especially in the presence of COVID-19. Continuous IC investments can be a safe strategy, but their positive impacts weaken after a certain critical level. It is important for firms to have skilled labor force and be cautious in investing both tangible and intangible resources.
SINGAPORE ECONOMIC REVIEW
(2023)
Article
Energy & Fuels
Yiyan Chen, Hooi Hooi Lean
Summary: This article discusses the challenges that sustainable global energy development poses to traditional econometrics in energy research. It introduces the 4V characteristics of energy big data, namely volume, variety, velocity, and veracity. The article then presents the challenges brought by these 4V features to traditional econometrics research on energy issues. By reviewing existing literature, the article proposes improvements and advancements in traditional econometrics through data exploration, variable generation, prediction, and causal inference using machine learning in big data. Ultimately, the article concludes that while big data and machine learning will pose increasing challenges to traditional econometrics research, econometrics will adapt and thrive.
WILEY INTERDISCIPLINARY REVIEWS-ENERGY AND ENVIRONMENT
(2023)
Article
Green & Sustainable Science & Technology
Qaiser Munir, Hooi Hooi Lean, Tamara Teplova, Nazia Nazeer
Summary: This paper investigates the nonlinear impact of environmental degradation on economic growth in Malaysia using a threshold regression approach suggested by Hansen. The results show that CO2 has a negative effect on growth, but only after reaching certain threshold levels of primary and final energy intensity. The study highlights several policy implications to encourage sustainable energy use for sustainable growth in the future.
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY
(2023)
Article
Multidisciplinary Sciences
Kizito Uyi Ehigiamusoe, Hooi Hooi Lean, Marina Mustapha, Suresh Ramakrishnan
Summary: This paper examines the causal relationship between industrialization, globalization, information communication technology (ICT) and environmental degradation in Malaysia during 1970-2019. The study finds that there is a joint long-term and short-term causality from industrialization, globalization, and ICT to carbon emissions, but the causality to ecological footprint is tenuous. The study also reveals that industrialization, globalization, and ICT significantly predict carbon emissions at high frequency. These findings further confirm the importance of industrialization, globalization, and ICT as determinants of environmental degradation.
Article
Social Sciences, Interdisciplinary
Kizito Uyi Ehigiamusoe, Suresh Ramakrishnan, Hooi Hooi Lean, Sotheeswari Somasundram
Summary: This study investigates the moderating role of energy consumption on the environmental impacts of different sectors in Malaysia, including industrial, agricultural, financial, and service sectors. It also examines the marginal effects of sectoral growth on environmental pollution at various levels of energy consumption. The results suggest that energy consumption has a harmful moderating effect on the environmental impacts of industrial and financial sectors, but not on agricultural and service sectors.
Article
Economics
Kizito Uyi Ehigiamusoe
Summary: This study examines the drivers of environmental degradation in ASEAN + China, focusing on the impact of China's inclusion, financial development, and urbanization on the relationship between energy consumption and environmental degradation. The results show that economic growth, energy consumption, and non-renewable energy worsen environmental degradation, while renewable energy, foreign direct investment, and trade openness mitigate it. The inclusion of China weakens the environmental Kuznets curve hypothesis, and financial development has a favorable impact on ASEAN but adverse impact on ASEAN + China. Urbanization adversely moderates the impact of energy consumption on environmental degradation in both panels.
SINGAPORE ECONOMIC REVIEW
(2023)
