Article
Environmental Sciences
Mihaela Simionescu, Nicolas Schneider, Beata Gavurova
Summary: This paper investigates the dynamic interactions between renewable and nuclear energy sources and economic growth in France, Spain, and Germany, using a complex methodological framework. The results suggest that there is no statistical causality between renewable energy use and economic growth in France and Spain, while a weak one-way link is found in Germany. Additionally, economic growth is found to substantially trigger nuclear energy consumption in Spain, supporting the growth hypothesis.
FRONTIERS IN ENVIRONMENTAL SCIENCE
(2022)
Article
Economics
Aviral Kumar Tiwari, Leena Mary Eapen, Sthanu R. Nair
Summary: The study found a long-term relationship between economic growth and electricity consumption in the agriculture sector in India, with unidirectional causality flowing from overall economic growth to electricity consumption at the aggregate state level. At the sectoral level, there is a unidirectional causal relationship running from electricity consumption to economic growth for the agriculture sector, and economic growth to electricity consumption for the industrial sector.
Article
Green & Sustainable Science & Technology
Melike Bildirici, Ozgur Omer Ersin
Summary: The paper investigates the relationship between Industry 4.0 and environmental sustainability, as well as the effects of Industry 4.0 on CO2 emissions in the long-run and short-run. It takes energy consumption, ICT exports, R&D, AI, ICT technology patents, and bitcoin as control variables for a panel of 9 countries contributing to 62% of global CO2 emissions. The study finds that all variables related to Industry 4.0 have positive impacts on emissions in the long-run, while the effects of AI and ICT innovation are determined through increased energy consumption in the short-run. Additionally, the findings highlight the insufficiency of emissions-lowering policies in the context of Industry 4.0, suggesting a need for strong commitment to energy efficiency, renewable energies, and trade policies with environmental concerns.
JOURNAL OF CLEANER PRODUCTION
(2023)
Article
Economics
Charles Shaaba Saba, Nicholas Ngepah
Summary: The study found a long-term equilibrium relationship between the three variables, as well as evidence of two-way causality among ICT diffusion, industrialization, and economic growth globally and within income groups. Therefore, it is necessary to develop policies that promote ICT diffusion and industrialization to drive global economic growth.
JOURNAL OF THE KNOWLEDGE ECONOMY
(2022)
Article
Green & Sustainable Science & Technology
Oscar I. O. Ogali, Emeka E. Okoro, Saburi G. Olafuyi
Summary: This study analyzes and evaluates the consensus on the relationship between natural gas consumption (NGC) and economic growth (EG) at both country and global levels. It identifies consensuses on cointegration, short-run and long-run causality in different countries and globally. The study emphasizes the importance of natural gas as a transition fuel and highlights the need for further research and policy development.
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
(2023)
Article
Green & Sustainable Science & Technology
Grzegorz Przekota, Andrzej Janowski, Anna Szczepanska-Przekota
Summary: Compensation of labour and economic growth are two important economic variables that are causally linked. This study, based on data from OECD countries, finds that current compensation acts as a brake on economic growth, while current economic growth stimulates future compensation. These findings have implications for designing government programs aimed at stimulating the economy.
Article
Environmental Sciences
Bernard Boamah Bekoe, Junfei Chen, Tasinda Odette Tougem, Emmanuel Nketiah, Kulena Sakuwunda
Summary: This study examines the dynamic relationship between income growth, power consumption, and carbon dioxide (CO2) emissions in Ghana, finding a unidirectional causality from energy consumption to CO2 emissions and economic growth, as well as from CO2 emissions to economic growth. The study also highlights the significant role of domestic investment in reducing CO2 emissions and recommends policymakers to focus on increasing domestic capital instead of relying on foreign direct investment.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Business, Finance
Miguel Rodriguez Gonzalez, Christoph Wegener, Tobias Basse
Summary: This study re-investigates the linkage between insurance market activity and economic activity using panel cointegration techniques and finds evidence of panel cointegration between real insurance market activity per capita and real GDP per capita.
FINANCE RESEARCH LETTERS
(2022)
Article
Economics
Charles Shaaba Saba, Nicholas Ngepah
Summary: This study examines the causal relationship between defence spending, economic growth, and development from 1990 to 2018. It finds a bidirectional long-run relationship between defence spending, economic growth, and development in the entire sample and three regions. The results indicate a feedback causality between defence spending, economic growth, and development, highlighting the importance of holistic policies to reduce defence spending and promote inclusive economic growth and development.
ECONOMIC CHANGE AND RESTRUCTURING
(2022)
Article
Economics
Khalid M. Kisswani, Saleheen Khan
Summary: This study aims to examine the nonlinear and asymmetric relationship between economic growth and immigration. Using a nonlinear autoregressive distributed lag model, the study finds that positive shocks of real GDP per capita affect immigration, while no such effect is found for negative changes. Furthermore, a significant long-run bidirectional causality is observed between immigration and GDP per capita decrease.
ECONOMIC CHANGE AND RESTRUCTURING
(2023)
Article
Multidisciplinary Sciences
Weilong Wu, Youna Lin
Summary: This study examines the impact of urbanization on residential energy consumption in China and finds a positive U-shaped relationship between urbanization rate and direct energy consumption. Economic development has a significantly positive effect on both direct and indirect energy consumption. In contrast, population agglomeration has adverse effects on immediate energy consumption while positively influencing indirect energy consumption.
Article
Engineering, Industrial
Mohammad Qabaja, Goktug Tenekeci
Summary: The purpose of this research is to study the relationship between the construction sector and Gross Domestic Product (GDP) in Turkey and other European Union countries. The study considers variables such as interest rate, taxation, industry sector, investment and Foreign Direct Investment (FDI). The findings suggest a negative relationship between the construction sector and GDP. The use of regression, cointegration and causality analysis methods in this study adds to the existing research methods.
ENGINEERING CONSTRUCTION AND ARCHITECTURAL MANAGEMENT
(2023)
Article
Environmental Sciences
Alper Aslan, Buket Altinoz, Baki Ozsolak
Summary: The study finds that the relationship among international tourism, energy consumption, carbon dioxide emissions, and economic growth in Mediterranean countries is complex, with tourism supporting economic growth at low levels but potentially deviating after middle levels of growth. Energy consumption is found to support economic growth at low and medium growth levels.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Environmental Sciences
Hamid Mahmood, Jun Wen, Muhammad Zakaria, Samia Khalid
Summary: This study empirically analyzes the association between electricity demand and economic growth in China using a time-frequency framework. The findings suggest that there is a strong co-movement and causality between these two variables, particularly at low-frequency levels.
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
Thermodynamics
Chor Foon Tang, Salah Abosedra, Navaz Naghavi
Summary: This study examines the determinants of global environmental degradation, finding that institutional quality and human capital play important roles in protecting the environment.
Article
Energy & Fuels
Chin-Yu Lee, Chor Foon Tang
Summary: Technological innovation is important in enhancing renewable energy, but its impact is contingent upon the level of technological innovation itself and other determinants, including institutional quality, financial development, FDI, and human capital.
ENERGY SOURCES PART B-ECONOMICS PLANNING AND POLICY
(2022)
Article
Hospitality, Leisure, Sport & Tourism
Chor Foon Tang, Siong Hook Law, Mukaramah Harun
Summary: Using non-stationary panel data methods, we investigate the demand for inbound educational tourism in Malaysia. Our findings reveal that income, costs of living, price of education, political stability, and academic quality all play crucial roles in influencing educational tourism demand. However, the impact of income on demand is nonlinear, initially exhibiting a significant positive effect but turning negative beyond a certain threshold. Furthermore, demand is negatively associated with educational price and cost of living, while positively correlated with political stability and academic quality. These findings have important implications for the formulation of tourism policies.
CURRENT ISSUES IN TOURISM
(2022)
Article
Economics
Noorasiah Sulaiman, Nurul Fathnin Muhamad Bustaman, Chor Foon Tang
Summary: This study uses non-stationary panel data techniques to examine the impact of female labor participation and life expectancy on economic growth in Southeast Asia economies. The findings suggest that economic growth, female labor participation, and other factors are cointegrated. The study highlights the positive long-term effects of female labor participation, female longevity, female education, domestic investment, and foreign direct investment on economic growth, while trade openness has a negative impact.
Article
Economics
Chor Foon Tang, Bee Wah Tan
Summary: This study investigates the effectiveness of policy interventions against COVID-19 by examining the permanent or transitory effects in 5 major regions and the ten most infected countries. The findings suggest that only France has experienced permanent effects from COVID-19 infection rates, while Brazil, Germany, Iran, Italy, Russia, Spain, Turkey, the United Kingdom, and the United States have experienced transitory effects. Countries with permanent effects are suitable for policy interventions such as lockdowns, social isolation, and local isolation, while countries with transitory effects may benefit more from herd immunity.
Article
Hospitality, Leisure, Sport & Tourism
Chor Foon Tang
Summary: The study found that educational tourism has a significant positive impact on economic growth, but the effect is non-monotonic and depends on the level of educational tourism, the output of quality research, and the development of information and communication technology (ICT).
CURRENT ISSUES IN TOURISM
(2021)
Article
Business
Chor Foon Tang, Eu Chye Tan, Soo Y. Chua
EMERGING MARKETS FINANCE AND TRADE
(2020)
Article
Hospitality, Leisure, Sport & Tourism
Chor Foon Tang, Asma Salman, Salah Abosedra
INTERNATIONAL JOURNAL OF TOURISM RESEARCH
(2020)
Article
Economics
Chor Foon Tang
APPLIED ECONOMICS LETTERS
(2020)
Article
Health Policy & Services
Chor Foon Tang
JOURNAL OF HEALTH MANAGEMENT
(2019)
Article
Economics
Chor Foon Tang, Salah Abosedra
RESEARCH IN TRANSPORTATION ECONOMICS
(2019)
Article
Business
Chor-Foon Tang, Yong-Kang Cheah, Soo Y. Chua
INTERNATIONAL JOURNAL OF BUSINESS AND SOCIETY
(2019)
Article
Social Work
Chin-Yu Lee, Chor Foon Tang
JOURNAL OF POVERTY
(2019)
Article
Economics
Salah Abosedra, Chor Foon Tang
EMPIRICAL ECONOMICS
(2019)
Article
Geosciences, Multidisciplinary
Usama Al-Mulali, Chor Foon Tang, Bee Wah Tan, Ilhan Ozturk
GEOSYSTEM ENGINEERING
(2019)
Article
Economics
Marie-Louise Arlt, David Chassin, Claudio Rivetta, James Sweeney
Summary: This paper examines the impact of real-time pricing and load automation on residential distribution systems. The study finds that implementing real-time pricing can result in an aggregate welfare gain of 39 USD per customer and year. However, it also notes that RTP and load automation may significantly increase peak system load. Introducing a market-based demand management system can further enhance welfare gains and reduce grid investment.
Article
Economics
Javier Jorquera-Copier, Alvaro Lorca, Enzo Sauma, Stefan Lorenczik, Matias Negrete-Pincetic
Summary: As countries update their climate ambitions, low-carbon hydrogen production and use present opportunities for emissions reductions and economic development. A case study for Chile shows that integrating hydrogen and electricity networks can lower system costs and enhance renewable integration, but policy support is needed to address concerns related to water and land use.
Article
Economics
Dawit Guta, Hisham Zerriffi, Jill Baumgartner, Abhishek Jain, Sunil Mani, Darby Jack, Ellison Carter, Guofeng Shen, Jennifer Orgill-Meyer, Joshua Rosenthal, Katherine Dickinson, Rob Bailis, Yuta Masuda
Summary: Household solid fuel use is detrimental to health and the environment. The Indian government's PMUY subsidy has successfully promoted the adoption of LPG by millions of households. However, there is limited understanding of the decision-making process to reduce solid fuel use after transitioning to cleaner fuels. This study found that factors such as household wealth, social status, education level, and the prevalence of LPG use in the village are positively associated with LPG consumption and the discontinuation of solid fuel use. On the other hand, factors such as distance to LPG refill delivery, household size, and the PMUY subsidy are negatively associated with the share of LPG use.
Article
Economics
Nicolas Morell-Dameto, Jose Pablo Chaves-Avila, Tomas Gomez San Roman, Pablo Duenas-Martinez, Tim Schittekatte
Summary: This paper assesses the performance of differently implemented forward-looking network tariff designs and proposes an innovative coordination mechanism to increase predictability in a future with many flexible customers. The study reveals that if large shares of customers synchronize their responses to highly time-varying and locational-specific network charges, it can lead to unexpected reinforcements.
Article
Economics
Alexandra Gritz, Guntram Wolff
Summary: Russia's weaponization of gas supplies shook the energy security of Central and Eastern Europe in 2022. The region responded by increasing alternative energy supplies and developing new gas supply routes. Renewable energy, nuclear energy, and hydrogen play important roles in the long-term. Mitigating the impact of this shock requires the EU to prioritize the integrity of its energy market.
Article
Economics
Jaroslaw Kantorowicz, Marion Collewet, Matthew DiGiuseppe, Hendrik Vrijburg
Summary: Economic costs are a major political obstacle to investing in climate change mitigation and adaptation measures. The method of financing plays a crucial role in determining public opposition to government green investments, with debt financing being less opposed than broad-based taxes. This study suggests that credit market tools, such as green bonds and debt for climate swaps, can be politically efficient in increasing support for green financing. Carbon taxes and wealth taxes are found to be the most preferred options.
Article
Economics
Kun Guo, Liyuan Luan, Xiaoli Cai, Dayong Zhang, Qiang Ji
Summary: This paper investigates China's energy trade stability using a survival analysis approach. It finds that the energy trade linkages between China and 153 other countries are complex and unstable, with short periods of trade with many countries. Geopolitically risky regions, such as the Middle East and Africa, have the lowest trade stability. Climate risks have significant effects on energy trade stability. The paper proposes several policy options to improve energy trade stability in China, with special attention to increasing global climate risks.
Article
Economics
Simona Bigerna, Piyush Choudhary, Nikunj Kumar Jain, Silvia Micheli, Paolo Polinori
Summary: This study estimates the willingness to pay of Indian urban consumers for a continuous supply of electricity using contingent valuation method. The findings show that the amount consumers are willing to pay depends on the duration of power outages, with households preferring shorter outages. Income and environmental attitude also positively influence higher willingness to pay. These insights can inform policymakers in designing more reliable and customer-centric energy generation and distribution models.
Article
Economics
Temilade Sesan, Unico Uduka, Lucy Baker, Okechukwu Ugwu, Ewah Eleri, Subhes Bhattacharyya
Summary: This study examines the impact of the regulatory framework on rural electrification and universal energy access goals in Nigeria's mini-grid sector. The findings suggest that while the current framework has fostered sector growth, additional measures are necessary to ensure equitable distribution of access among rural populations.
Article
Economics
Rui Shan, Noah Kittner
Summary: Energy storage is a cornerstone in decarbonization planning as it reduces operational costs and greenhouse gas emissions, while enhancing resilience and renewables integration. However, storage developers in different regions have varying economic and environmental considerations, thereby requiring policy intervention to achieve long-term emission reductions.
Article
Economics
Tung Durmaz, Sevil Acar, Simay Kizilkaya
Summary: This study investigates the phenomenon of strategic capacity withholding in the Turkish electricity market and its relationship with the capacity remuneration mechanism. The empirical results provide strong evidence of strategic capacity withholding and show that the capacity mechanism contributes to the duration of failures. The study offers important insights for policymakers, including the implementation of a random verification mechanism and restructuring of the capacity mechanism in Turkey.
Article
Economics
Tii N. Nchofoung
Summary: The study finds that oil price shocks have a negative impact on Africa's energy transition, particularly in rural areas and net crude oil exporting countries. However, oil price shocks cannot explain the urban-rural differences in clean energy access. Therefore, increasing investment in clean energy and technologies in rural areas is necessary to enhance the resilience of the energy sector to oil price shocks.
Article
Economics
Najia Saqib, Muhammad Usman, Ilhan Ozturk, Arshian Sharif
Summary: This study examines the impact of environmental technologies, financial growth, and energy use on ecological footprint and green growth. Environmental innovation and renewable energy deployment contribute to green growth, while financial expansion and non-renewable energy use have negative effects on the environment. The study also identifies causal relationships between different factors.
Article
Economics
Yessica C. Y. Chung, Noxolo Kunene, Hung-Hao Chang
Summary: The Renewable Energy Certificate (REC) is considered an innovative technology for building a green society. This study investigates the impact of REC purchases on stock return and volume in Taiwan between 2017 and 2021. The findings suggest that REC purchases have a positive effect on stock returns of manufacturing firms but not service firms. The frequency of REC purchases is also an important factor in the relationship between REC purchase and firm value. Additionally, the study reveals that public attention to environmental pollution plays a crucial role in positive stock returns and volume, while ESG disclosure is negatively associated with returns and volume.
Article
Economics
Seife Ayele, Wei Shen, Yacob Mulugetta, Tadesse Kuma Worako
Summary: This paper addresses the challenges of governing energy procurement from a mix of non-hydropower renewable energy sources supplied by independent producers. Building on political economy analysis and five case studies of independent producer projects from Ethiopia, it seeks to understand the root causes of the protracted delays and limited extent of procurement by independent producers. The key contestations lie in managing long term contracts, risk, uncertainty and in developing the institutional and human capacity to transition.
