Article
Economics
Jiajia Zheng, Xingwu Wang
Summary: The study found that ICTs have a positive impact on the development of renewable energy, with analysis conducted on data from countries including the USA, Germany, and the UK showing a significant positive relationship between the two at a macro level. Additionally, it was discovered in the research that factors such as economic development, energy consumption, carbon reduction, and population growth also have a positive impact on the development of renewable energy, in addition to ICTs.
Article
Economics
Muhammad Arsalan Aqeeq, Muhammad Arsalan Tahir, Waqas Ali Haider, Farheen Aqeeq, Fahad Bin Abdullah
Summary: This paper examines the impact of policy regime on the financial configuration and sustainable energy future in developing countries using the case of Utility-scale solar (USS) integration in Pakistan. It analyzes the national regulator's PPA model and validates its assumptions and parameters, dispelling misconceptions and information asymmetry. The paper also presents project-level modeling results for 130 districts in Pakistan, revealing the viability of low PPA prices and the potential for cost optimization through different financing mechanisms. Furthermore, it identifies policy imperatives and strategies for promoting sustainable economic development, including derisking policies and domestic financial development.
Article
Development Studies
Abdulrasheed Zakari, Hammed Oluwaseyi Musibau
Summary: Energy security is crucial for economic growth and plays a significant role in achieving sustainable economic and financial development. The research shows that energy security enhances both economic and financial sustainability, although its influence varies across different quantiles. Initially, energy security hindered sustainable economic development due to overreliance on fossil fuels, but the transition to renewable energy mitigated this negative impact and fostered sustainable economic growth. Similarly, energy security promotes long-term sustainable financial development. Therefore, there is a need to diversify energy sources and promote the adoption of renewable energy technologies to reduce dependence on fossil fuels and mitigate environmental impacts.
SUSTAINABLE DEVELOPMENT
(2023)
Article
Business
Shahzad Hussain, Raazia Gul, Sabeeh Ullah
Summary: This study aims to fill the research gap on the relationship between information and communication technology, financial inclusion, and sustainable economic development in developing countries. Through analysis of data from 110 developing countries, the study finds a significant positive relationship between financial inclusion, information communication technology, and sustainable economic development. Policy recommendations include developing an inclusive financial system and equal access to ICT to ensure sustainable economic growth.
TECHNOLOGICAL FORECASTING AND SOCIAL CHANGE
(2023)
Article
Environmental Sciences
Muhammad Khan, Muhammad Tariq Majeed
Summary: This study empirically assesses the significance of financial sector development in determining the energy poverty of developing countries. The study uses a sample of 110 developing economies from 1990 to 2020, employing traditional econometric techniques and the system GMM model. The empirical outcomes confirm the positive role of financial sector development in alleviating energy poverty. The findings also highlight the importance of output growth, foreign direct investment, and urbanization in improving energy accessibility. These results have significant policy implications for developing economies.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Social Sciences, Interdisciplinary
Fanny Salignac, Julien Hanoteau, Ioana Ramia
Summary: Financial inclusion is a policy priority in both developed and developing countries, yet a large percentage of people remain financially excluded, especially in developing nations. This paper argues that financial resilience, the ability to function effectively in adverse financial situations, is crucial for helping people cope with financial challenges, developing effective policies, and ultimately improving economic development. The study adapts existing financial resilience measurement frameworks for developing countries, using Indonesia as a case study to draw conclusions and presenting implications for research and policy.
SOCIAL INDICATORS RESEARCH
(2022)
Article
Environmental Sciences
Desy Safitri, Fahrurrozi Fahrurrozi, Arita Marini, Achmad Husen, Agung Purwanto, Wahyu Sri Ambar Arum, Maratun Nafiah
Summary: This study examines the impact of energy consumption and economic growth on the ecological environment of ASEAN countries. The findings suggest a positive association between fossil fuel energy use, electric power use, energy import, and carbon emissions, which affect the ecological environment. This research provides guidance for policymakers in formulating regulations related to energy use and the ecological environment.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2022)
Article
Environmental Studies
Yang Guo, Luwei Zhao, Congcong Zhang
Summary: The research examines the relationship between economic growth, carbon emissions, fossil fuel consumption, renewable energy consumption, and tourism development in 40 developing Asian countries from 2000 to 2021 using panel VAR analysis. The findings support the Environmental Kuznets Curve hypothesis for economic growth in industry and services sectors. The study also reveals bi-directional linkages between economic growth and tourism development, supporting both the Tourism-led growth and Economic Lead Tourism Growth hypotheses. The growth rates of all variables in the previous period positively impact carbon emissions, while the growth rate of the green energy index negatively affects carbon emissions in Asian developing economies. The research suggests developing green financing markets and promoting green culture as practical policies.
Article
Environmental Sciences
Canh Phuc Nguyen, Thanh Dinh Su
Summary: This study is the first proper attempt to examine the influence of energy poverty on productivity. The research finds mutual causalities between the five dimensions of energy poverty and total factor productivity, showing negative impacts of no access to clean fuels and electricity on productivity. Additionally, the study highlights the positive effects of non-renewable electricity production and consumption.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2021)
Article
Green & Sustainable Science & Technology
Jiajia Zheng, Xingwu Wang
Summary: This paper analyzes the impacts of renewables, ICTs, and their combinations on the human development index (HDI) using static and dynamic panel models for 26 countries between 2000 and 2018. The study finds that renewables alone have generally insignificant impact on HDI in both short- and long-terms. ICTs have a positive short-term impact on HDI but become insignificant in the long-term. However, the combination of renewables and ICTs significantly promotes HDI in both short- and long-terms.
Article
Environmental Studies
Muhammad Noshab Hussain, Zaiyang Li, Abdul Sattar, Muhammad Ilyas
Summary: This study examines the effects of renewable energy consumption, nonrenewable energy consumption, and carbon emissions on the economic growth of Belt and Road Initiative countries. The findings reveal that renewable energy consumption positively affects economic growth, while nonrenewable energy consumption has a negative impact. These empirical findings can inform policymakers in designing energy policies to achieve economic growth targets in these countries.
ENERGY & ENVIRONMENT
(2023)
Article
Environmental Sciences
Vu Minh Hieu, Nguyen Hong Mai
Summary: This study examines the association between economic growth and energy consumption (renewable and nonrenewable) in developing countries. The findings suggest that both renewable and nonrenewable energy have a positive impact on economic growth, indicating the importance of investing in renewable energy for developing countries. Policy measures such as tax exemptions, subsidies, and feed-in tariffs are recommended to encourage the growth of the renewable energy sector.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Environmental Sciences
Nabila Amin, Huaming Song, Muhammad Ali
Summary: The objective of this study is to examine the effect of information and communication technology, economic growth, renewable energy consumption, and financial development on carbon dioxide emissions in selected ASEAN countries. The findings indicate that ICT and financial development contribute to environmental deterioration in the long run, while the use of renewable energy has a long- and short-term favorable impact on environmental quality. It is also discovered that economic growth increases CO2 emissions, but squared economic growth reduces CO2 emissions, confirming the inverted U-shaped EKC theory. The Granger causality test shows bidirectional causality between renewable energy and CO2 emissions, while information and communication technology and financial development are unidirectionally causal to CO2 emissions. Governments of these nations should reduce carbon emissions from internet usage and invest in renewable energy sources to control environmental deterioration.
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
(2023)
Article
Economics
Evan Lau, Jaime Moll de Alba, Kim-Hing Liew
Summary: External debt levels have significantly increased in Asian developing countries, causing negative impacts on economic growth. This study identifies appropriate thresholds for the debt to GDP ratio in Asian countries, indicating the importance of maintaining a sustainable level of external debt for economic growth.
ECONOMIC ANALYSIS AND POLICY
(2022)
Article
Energy & Fuels
A. Komarova, I. Filimonova, A. A. Kartashevich
Summary: This paper examines the relationship between economic growth and energy consumption in different countries. It finds that the impact of energy consumption on gross domestic product (GDP) is stronger in non-OECD countries compared to OECD countries, which can be attributed to the extensive nature of economic development. This relationship is particularly evident in regions such as the Asia-Pacific, Africa, and Central and South America. The paper also calculates the energy intensity of countries worldwide and analyzes the main trends for different country groups.
Article
Economics
Laura E. Armey, Jonathan Lipow
APPLIED ECONOMICS LETTERS
(2016)
Article
Economics
Laura E. Armey, Robert M. McNab
Article
Economics
Laura E. Armey, Jonathan Lipow, Natalie J. Webb
INFORMATION ECONOMICS AND POLICY
(2014)