Article
Economics
Asma Nasim, Subhan Ullah, Ja Ryong Kim, Affan Hameed
Summary: Geopolitical conflicts can lead to commodity price increases and supply-chain disruptions, affecting global economy. This study examines the direct effect of energy shocks on banks' efficiency, finding that energy shocks decrease banks' operational and investment efficiency.
Article
Environmental Sciences
Muhammad Qasim Javaid, Kong Ximei, Muhammad Irfan, Muhammad Sibt-e-Ali, Tanzeela Shams
Summary: Despite global commitments to reduce fossil fuel consumption, several countries still rely on carbon-intensive sources for energy. Previous studies have shown inconsistent results on the relationship between financial development and CO2 emissions. This study evaluates the impact of financial development, human capital, economic growth, and energy efficiency on CO2 emissions using empirical research on 13 South and East Asian nations. The findings indicate that financial development negatively affects CO2 emissions, while economic growth has a positive impact. Improving human capital and energy efficiency also have a positive, but statistically insignificant, effect on CO2 emissions. Policy considerations should focus on improving financial development and enhancing human capital to achieve sustainable development goals.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Economics
Qichang Xie, Dingchuan Bai, Xiaoping Cong
Summary: This article evaluates the dynamic impacts of economic growth and financial development on energy consumption in emerging economies from 1998 to 2019, and discovers the specific mechanisms of influence. The findings suggest that financial development plays a significant role in energy consumption, and optimizing economic and financial development can help reduce energy poverty.
Article
Business, Finance
Tony Cavoli, Sasidaran Gopalan
Summary: This paper empirically investigates the impact of financial inclusion on consumption smoothing and risk sharing in 85 emerging and developing economies from 1995 to 2017. The research finds that financial inclusion decreases consumption volatility and reduces deviations in country consumption compared to world consumption. However, it does not help improve risk sharing by lowering exposure to idiosyncratic output shocks, despite an expansion in risk sharing through domestic credit markets.
INTERNATIONAL REVIEW OF ECONOMICS & FINANCE
(2023)
Article
Environmental Sciences
Agyemang Kwasi Sampene, Cai Li, Fredrick Oteng-Agyeman, Robert Brenya
Summary: This study examines the relationship between energy consumption, economic expansion, globalization, energy innovation, urbanization, financial development, and environmental pollution in the BRICS countries. The findings suggest that economic expansion, energy consumption, urbanization, and financial development are positively associated with environmental pollution, while globalization and energy innovation help reduce pollution.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Economics
Kais Saidi
Summary: Based on panel data from emerging nations between 1990 and 2019, this study examined the effects of financial development and renewable energy utilization on economic growth. By applying various statistical methods, such as panel unit root test, panel cointegration test, FMOLS and DOLS methods, and the VECM causal Granger technique, the study found that financial development and renewable energy usage have a positive and significant impact on economic growth in emerging economies, both in the short and long term. Moreover, there is a stable two-way relationship between financial development and economic growth, while renewable energy use in emerging countries may have a long-term impact on growth rates. Finally, there is a one-way relationship between financial prosperity and renewable energy.
JOURNAL OF THE KNOWLEDGE ECONOMY
(2023)
Article
Green & Sustainable Science & Technology
Naif Alsagr
Summary: The worldwide economic consequences of environmental pollution highlight the significance of renewable energy sources. An efficient financial structure can support renewable energy projects. This study uses a nonlinear ARDL-PMG model to determine if the influence of financial efficiency on investments in renewable energy is symmetrical or asymmetrical in 23 nations. The results show that financial efficiency is beneficial for promoting renewable energy investment in the long run, and its impact varies in emerging and developed economies.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Environmental Studies
Alper Aslan, Onur Gozbasi, Buket Altinoz, Mehmet Altuntas
Summary: The study found a positive relationship between stock market development and energy consumption in the long run, as well as contrasting effects of banking sector development on energy consumption between emerging market economies and G7 countries. Additionally, bond market development was identified as having an energy-enhancing effect in G7 countries. Overall, the results highlight the complex relationship between financial development and energy consumption, particularly in the context of developed and developing countries.
ENERGY & ENVIRONMENT
(2021)
Article
Environmental Sciences
Muhammad Tayyab Sohail
Summary: Access to financing is crucial for renewable energy projects. Financial institutions and markets play a significant role in promoting renewable energy investments. Factors such as financial institutions, financial markets, greenhouse gas emissions, and GDP have long-term effects on renewable energy investments.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Sciences
Ijaz Uddin, Atta Ullah, Najia Saqib, Rakhshanda Kousar, Muhammad Usman
Summary: This research investigates the impact of energy consumption, financial development, and economic development on the ecological footprint in a panel of developed and developing countries. The findings reveal that various factors have different effects on the ecological footprint in developed and developing countries. These findings imply the necessity of different policy implications to reduce the ecological footprint in both developed and developing countries.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Green & Sustainable Science & Technology
Yue Hu, Wenjing Jiang, Hongwei Dong, Muhammad Tariq Majeed
Summary: An efficient financial sector plays a crucial role in promoting renewable energy consumption in high-polluting economies. This analysis, based on a non-linear assumption, reveals that positive shocks in financial institutions, financial markets, and eco-innovations increase renewable energy consumption, while negative shocks in financial institutions decrease consumption. Both long-term and short-term findings highlight the importance of considering both positive and negative changes in policy-making.
JOURNAL OF CLEANER PRODUCTION
(2022)
Article
Multidisciplinary Sciences
Fredrick Oteng Agyeman, Emmanuel Adu Gyamfi Kedjanyi, Agyemang Akwasi Sampene, Malcom Frimpong Dapaah, Abdul Razak Monto, Paul Buabeng, Guy Carlos Guimatsie Samekong
Summary: The core purpose of this study is to investigate the connection between environmental technology innovation (ENVTI), economic growth (ECG), financial development (FID), trade openness (TROP), urbanization (URB), and energy consumption (ENC) on environmental pollution (ENVP) using panel data from 27 selected African economies. These variables are crucial for implementing decarbonization policies and ensuring a country's well-being in the process of industrialization and economic expansion. The FMOLS, DOLS, and PMG estimation techniques were employed to analyze the data from 2000 to 2020. The findings support the Environmental Kuznets Curve (EKC) assumption, indicating that significant long-term economic growth can support a decrease in environmental pollution. Additionally, the study found that ENVTI and URB contribute to reducing ENVP in the long run. The research provides valuable policy recommendations for countries pursuing economic growth and reducing environmental pollution.
Article
Environmental Studies
Yong Wang, Yubin Duan, Jiali Dou
Summary: This study examines the dynamic association between financial inclusion and economic growth and its impact on total natural resource rents, GDP, and renewable energy consumption. Panel data from China, Japan, Australia, Indonesia, and South Korea (RCEP) countries from 2004 to 2019 is used to explore this association. The results obtained through the Method of Moments Quantile Regression (MMQR) methodology show that GDP increases financial inclusion at the 25th to 90th quantiles, while renewable energy consumption and foreign direct investment have a favorable impact on financial inclusion within the same quantiles. In contrast, total natural resource rents decrease financial inclusion. Legislators should consider the distorted behavior of renewable energy consumption, foreign direct investment, and GDP when implementing energy and growth policies centered on RCEP economies.
Article
Environmental Sciences
Rajesh Sharma, Muhammad Shahbaz, Pradeep Kautish, Xuan Vinh Vo
Summary: The study found that the interaction between energy and linear per capita income significantly increases carbon emissions in the long term, but this effect weakens at higher income levels. The interaction between energy and financial development has a negative but insignificant impact on carbon emissions.
JOURNAL OF ENVIRONMENTAL MANAGEMENT
(2021)
Article
Business, Finance
Angela C. Lyons, Josephine Kass-Hanna, Ana Fava
Summary: There is a strong positive relationship between fintech development and financial inclusion, although heterogeneities persist across population groups and regions.
EMERGING MARKETS REVIEW
(2022)
Article
Development Studies
Muhammad Wasif Zafar, Muhammad Mansoor Saleem, Mehmet Akif Destek, Abdullah Emre Caglar
Summary: The study found that remittances help reduce environmental degradation, export diversification can lower CO2 emissions, and renewable energy contributes to decreasing CO2 emissions. Conversely, economic growth is detrimental to the environment. Education was found to be a significant factor in environmental degradation.
SUSTAINABLE DEVELOPMENT
(2022)
Article
Environmental Sciences
Mehmet Akif Destek, Sercan Aydin
Summary: The goal of this research is to investigate the impact of tourism on sustainable development in the 10 most visited countries. The findings indicate that tourism, energy intensity, and urbanization have positive effects on economic growth. However, the effects of all three factors on the sustainable development index are negative and statistically significant.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Sciences
Emrah Sitki Yilmaz, Asli Ozpolat, Mehmet Akif Destek
Summary: The study examines the impacts of social media activities on the stock prices of the energy sector. The results show that Twitter sentiment values do not significantly affect the returns and volatility of the companies, but have a favorable impact on trading volume.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Development Studies
Haiying Liu, Avik Sinha, Mehmet Akif Destek, Majed Alharthi, Muhammad Wasif Zafar
Summary: The purpose of this study is to provide a new framework for assessing the impact of financial inclusion on environmental quality in Sub-Saharan Africa. The findings indicate that financial inclusion, economic growth, education, natural resource usage, and remittances all have significant effects on carbon emissions and the environment. Policy recommendations are made based on these findings to assist the countries in achieving their sustainable development goals.
SUSTAINABLE DEVELOPMENT
(2022)
Article
Green & Sustainable Science & Technology
Mehmet Akif Destek, Muge Manga, Orhan Cengiz, Gamze Destek
Summary: This study aims to investigate the impact of renewable energy consumption on terrorism and highlights the importance of renewable energy consumption and economic growth in combating terrorism.
Article
Environmental Sciences
Mehmet Akif Destek, Kazi Sohag, Sercan Aydin, Gamze Destek
Summary: This study aims to analyze the impacts of domestic and foreign capital on carbon emissions for 42 countries and examine the effects of economic growth, urbanization, trade openness, and energy usage on the environment. The findings reveal that domestic capital accumulation in countries with low emission levels is more environmentally efficient than in countries with high emission levels, while foreign capital has no substantial effect on emission levels for all countries.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Studies
Mehmet Akif Destek, Festus Adedoyin, Festus Victor Bekun, Sercan Aydin
Summary: Improving institutional quality is crucial for nations facing or expected to face a natural resource curse. This study analyzes data from MENA countries and finds that natural resource rents and human capital have positive effects on real GDP per capita, while financial development has a negative impact. Government effectiveness and voice accountability have negative effects, while other institutional qualities, except regulatory quality, contribute significantly to increasing real GDP.
Article
Social Sciences, Interdisciplinary
Mehmet Akif Destek, Ibrahim Halil Oguz, Nuh Okumus
Summary: This study analyzes the effects of global collaborations on the environmentally sustainable development of 11 transition economies. It examines the impact of financial and commercial globalization indices on carbon emissions, as well as the effects of real GDP, energy efficiency, and renewable energy use on environmental pollution. The findings suggest that economic growth and increasing energy intensity contribute to carbon emissions, while an increase in renewable energy consumption improves environmental quality. Trade globalization does not significantly impact the environment, but both de facto and de jure financial globalization indices lead to an increase in carbon emissions, with de jure financial globalization causing more environmental damage.
Article
Environmental Studies
Emre Cevik, Emrah Cevik, Sel Dibooglu, Raif Cergibozan, Mehmet Fatih Bugan, Mehmet Akif Destek
Summary: This research examines the relationship between clean energy stock and oil market returns through Granger predictability in distribution and quantile impulse response analysis. The findings suggest that clean energy stock returns can predict oil price returns during normal times, but not vice versa. During bullish market episodes, there is a bidirectional predictability between clean energy stocks and oil market returns. However, in bearish markets, clean energy stock returns can predict oil returns without any evidence of the contrary. This indicates that oil returns cannot be used as a hedge against the downside risk associated with renewable energy company purchases. The quantile impulse responses reveal bidirectional and significant responses between clean energy stocks and the crude oil market, indicating that neither market can be utilized to offset risks in the other market.
ENERGY & ENVIRONMENT
(2023)
Article
Green & Sustainable Science & Technology
Ugur Korkut Pata, Mehmet Akif Destek, Muge Manga, Orhan Cengiz
Summary: This study evaluates the effects of military expenditures (MEX) on environmental pollution and analyzes the moderating role of factors such as financial development and technological progress for 15 NATO member countries. The results show that income, energy consumption, and MEX contribute to a rise in emissions. Technological progress has a moderating effect, while the financial sector does not mitigate the detrimental ramifications of MEX on the environment. It is important for NATO countries to evaluate and revise the financing of MEX from an environmental perspective for sustainable development.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Green & Sustainable Science & Technology
Yinying Tao, Mehmet Akif Destek, Ugur Korkut Pata, Zeeshan Khan
Summary: This research examines the causality between environmental regulations and a sustainable environment, taking into account the importance of renewable energy research and development, technological innovation, and economic growth. The findings show that carbon emissions, RERD, and TI are vulnerable during the study period, while GDP and environmental policies are stable. The study also reveals causal connections between CO2 and other variables, such as a unidirectional causality from TI to CO2, a bidirectional causal association between GDP and CO2, and environmental policy stringency and CO2.
Article
Environmental Studies
Gamze Destek, Mohammad Razib Hossain, Sercan Aydin, Mehmet Akif Destek
Summary: This study investigates the viability of the natural resource curse theory and its impact on sustainable development, using the sustainable development index instead of economic growth. It assesses the role of human capital, institutional quality, and financial development in mitigating the negative consequences of natural resource rent. The findings suggest that sustainable development is equally affected by the resource curse, but improvements in institutional quality, financial development, and human capital can help alleviate the negative effects of resource rent.
Article
Development Studies
Ugur Korkut Pata, Mehmet Akif Destek
Summary: The increase in India's carbon emissions and the decline in its environmental quality pose a threat to the global sustainable development goals. It is important to analyze the determinants of India's ecological quality in order to minimize the negative environmental impacts of fossil fuels. This study examines the impact of information and communication technologies (ICT), renewable energy, and structural changes on environmental quality in India. The results show that renewable energy and ICT contribute to the improvement of environmental quality, while structural changes have no impact. The study recommends the Indian government to increase investment in ICT and renewable energy to align with the SDGs.
JOURNAL OF ENVIRONMENT & DEVELOPMENT
(2023)
Article
Environmental Sciences
Muge Manga, Orhan Cengiz, Mehmet Akif Destek
Summary: This paper investigates the role of export quality in climate action goals in emerging Asian countries. It constructs an empirical model to analyze the impact of real GDP, energy use, and export quality index on carbon emissions. The findings suggest that increasing export quality leads to a decrease in CO2 emissions in China and India, but an increase in CO2 emissions in Thailand and the Philippines. Additionally, there is evidence of an inverted U-shaped relationship between economic growth and environmental degradation in China and Thailand.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Development Studies
Wang Rong, Mehmet A. Destek, Weimei Chen, Bayan Albahooth, Zeeshan Khan
Summary: This study examines the drivers of sustainable green finance in OECD economies. The findings suggest that financial inclusion, energy efficiency, foreign trade, and composite risk significantly improve green finance in the long run, while human capital has a significant adverse influence on green finance.
JOURNAL OF ENVIRONMENT & DEVELOPMENT
(2023)
