Considering the vital role of climate change technologies in shaping energy access, this study builds upon existing literature by examining the evolving impact of environmental technologies and environmental taxes on energy access in G7 countries. To achieve this, the study employs the wavelet-quantile correlation method and the time-varying Granger causality test, using data from the first quarter of 1994 to the last quarter of 2020. The findings exhibit that environmental technologies significantly deteriorate energy access in Canada while environmental taxes encourage it. In France, energy access shows evolving associations over time, shifting from adversity to positivity for technologies and consistently adverse effects for taxes. In Germany, energy access undergoes a notable shift from initially negative to positive associations with technologies, while taxes consistently impede it. The case of Italy exhibits the positive effects of technologies but the adverse impacts of taxes on energy availability. The energy sector in Japan endures mixed effects in the short run that turn into positive effects from technologies. However, the implementation of taxes significantly discourages energy production. In the UK, technology deteriorates energy access, and taxation significantly supports it, specifically in the long run. The USA's energy access faces the detrimental effects stemming from both policies. The paper concludes with a call for G-7 and global policymakers to foster energy access by establishing long-term research and development centres to facilitate innovation in green technologies and encouraging collaboration with international institutions and G-7 nations.
PurposeThis study rigorously examines the complex interplay between entrepreneurial risk-taking and the achievement of sustainable development goals 1 and 2, which focus on eradicating poverty and hunger, respectively. By conducting a comprehensive review of existing literature and empirical data, the research aims to unravel the direct impact of risk-oriented entrepreneurial activities on poverty and hunger alleviation. Moreover, it seeks to investigate the moderating role of democratic governance in shaping these effects within the context of African economies.Design/methodology/approachBy employing a Panel Smooth Transition Regression (PSTR) model and using annual and balanced panel data for 20 African countries over 21 years, we examine a potential regime switching as an original framework in the analysis of the curvilinear relationship between risk-driven entrepreneurial actions and sustainable development goals 1 and 2.FindingsOur empirical results confirm the presence of a specific threshold above which risk-oriented entrepreneurial actions proactively tackle poverty and hunger issues. The results also show that entrepreneurship associated with a good level of democracy is the fair tradeoff toward eradicating extreme poverty and hunger by the 2030th United Nations (UN) deadline.Originality/valueThis study offers novel insights into the role of entrepreneurial risk-taking at the country level in achieving sustainable development goals 1 and 2. It advances research on entrepreneurship and sustainable development by demonstrating how a strong risk culture among entrepreneurs might make regions more developed while building on suitable institutional quality.
Water shortage and food security concerns are amplified by the spread of irrigated cultures within the context of climatic unpredictability. In the hot, arid MENA area, the frequent drought periods and the continuous deterioration of water resources limits the ecological system's functioning and the sustainable agricultural productivity. Thus, this study aims to evaluate the potential impacts of the evolution of water resources management on the environmental components, using Westerlund’s (2007) panel cointegration and the Common Correlated Effects Mean Group (CCE-MG) estimator for a sample of six MENA economies over 35 years ((1990–2015). In the short run, there is unidirectional causality from agricultureadded value to CO2 and from water productivity to CO2 without any feedback. while, a bidirectional causality nexus was detected between energy consumption and CO2 emission In the long run, however, a feedback causality has been obtained between CO2 emissions, agriculture added value, water productivity, and energy consumption.Sustainable water management, smart water systems, and energy transition in the water related activities are highly recommended as priorities towards a NetZero carbon global economic trend
With the rising momentum according to the environmentalist voices seeking climate justice for more equity and the importance of encouraging environmental justice mechanisms and tools, in this perspective, the objective of this study is to analyze in depth the substantial role of natural resources abundance in the environmental inequality issue. For this purpose, this study adopted the eXtreme Gradient Boosting (XGBoost), LightGBM, Natural Gradient Boosting (NGBoost), Hybrid hybrid upper confidence bound-long short‐term memory-Genetic Algorithm (UCB-LSTM-GA), and the Shapley Additive Explanation (SAE) machine learning algorithms in the context of 21 emerging economies spanning the years 2001 to 2019. The empirical results reveal that natural resource abundance, foreign trade, and foreign direct investment inflows contribute all to higher levels of environmental inequality. However, higher levels of per capita income, gross fixed capital formation, and institutional quality contribute to lower levels of environmental inequality. Addressing climate justice holistically through an integrated supranational vision is significant since every step taken toward eradicating environmental racism matters.
The objective of this paper is to investigate the substantial effect of natural resource abundance on poverty and hunger of the UN 2030th agenda. For this purpose, we use the panel smooth transition regression model (PSTR) technique and a sample of 20 African economies for the period 2001 to 2017, to explore the relationship between natural resource abundance and poverty and between natural resources and hunger. Besides, the principal component analysis method was used to develop two composite indices to reflect the institutional quality and hunger. The empirical highlights confirm the nonlinearity for both models, and the thresholds of poverty and hunger take the values of 18.16 and 19.24 in each model, correspondingly. We confirm the significant impact of natural resource abundance and induced opportunities as remedies to the SDGs 1&2 looming challenge and the UN agendas. Due to the obvious significance of our findings and their repercussions for decision-makers, a state of emergency in the natural resources sector should be proclaimed to address SDGs 1&2. Indeed, fair natural resource revenue management could be a critical component in addressing Africa's endless tales of poverty and hunger.
This essay examines the likelihood of a long-term relationship between nuclear energy and CO 2 emissions as well as nuclear energy and per capita GDP. For this, we used a panel cointegration, panel FMOLS, and panel DOLS, as well as the panel Granger causality test on a sample of four SAARC countries (Bangladesh, India, Pakistan, and Sri Lanka) during the years 1980–2017. We identified unidirectional causation between nuclear energy and per capita GDP in the output equation. Long-term analysis, on the other hand, reveals feedback causation between nuclear energy and economic growth. The short-run results of the environmental equation reveal feedback causation between GDP and environmental pressure. Furthermore, the findings reveal one-way causation between nuclear energy and environmental pressure. Additionally, a long-term examination reveals feedback causation between environmental quality and wealth, as well as between nuclear energy and the environment. Given the constant structural changes, developing a proper trade-off between the advantages and costs of using nuclear energy to assure the economy’s long-term growth and ecological well-being is a tough task.
This paper examines the relationship between energy consumption and economic growth, and their mutual influences on CO2 emissions and exports in four SAARC (South Asian Association for Regional Cooperation) member countries, Bangladesh, India, Pakistan, and Sri Lanka, from 1971 to 2014. We show that energy consumption and exports drive economic growth in the long run while CO2 emissions stifle it. In addition, the study provides strong evidence of short-run links between GDP per capita and energy, CO2 emissions and energy consumption, and GDP per capita and CO2 emissions. These results suggest that Bangladesh, India, Pakistan, and Sri Lanka are specializing in polluting industries and following an unsustainable development trend. This economic strategy threatens not only the ecological system but also the national wealth of these countries, which requires profound actions from policymakers to improve it.
Since the beginning of the third millennium, the Chinese agricultural exports increase at a strong pace. In this context, this paper aims to answer the question if the agriculture trade promotes Chinese economic growth by employing the ARDL bounds testing for the study period from 1984 to 2017. In the long run, our highlights reported that domestic investment and agricultural exports have a positive effect on economic growth. However, agricultural imports have a significant negative impact on growth. In the short run, our insights reported a positive and significant effect of domestic investment, agricultural imports, and agricultural exports on economic growth. The positive impact of agriculture exports on growth is due to the importance of agriculture in terms of creating jobs and opportunities for the economy. Therefore, sufficient national investment in the agriculture sector tends to enlarge these opportunities and then improves Chinese economic growth.
The purpose of this article is to find long- and short-term determinants of U.S. economic growth over the period 1970-2016. By using cointegration analysis and vector error correction models, we compensated for many variables that were not previously linked together. Empirical analysis shows that consumer spending, population, domestic investment, FDI inflows, and exports are long-term sources of economic growth, but FDI outflows, military spending, taxes, and imports are not considered long-term sources of economic growth. grow. In the short run, all variables have no effect on economic growth.
In line with the exogenous and endogenous theory coupled with the seminal Schumpeterian contribution, we attempt to investigate the impact of the use of internet and innovation on economic growth in the case of the Tunisian economy. For this purpose, we employ the ARDL bounds testing methodology over the period 1985-2018. In the short-run, our empirical facts outline the absence of a significant effect of innovation on economic growth. Also, our empirical findings reported that the internet stimulates economic growth. However, in the long-run, our empirical findings pointed out the presence of the negative impact of the innovation and the use of internet on economic growth. Moreover, our results show a significant positive impact of the internet and economic growth on innovation in the long-run. Finally, our results show a negative impact of economic growth on the use of the internet. However, the results display a significant positive impact of innovation on the use of the internet. From these perspectives, the Tunisian authorities should take seriously the innovation and the potential of the use of the internet which can help the economy to be modernized, diversified, and robust to create new jobs and to find new markets and new strategic partners, and new opportunities.
Using monthly data, this article examines the influence of Covid-19 on poverty, inequality, well-being, and environmental quality for a sample of 14 African economies from 2018 to 2020. To do so, we employ a GMM approach to look at the influence of the pandemic on achieving the SDGs in Africa. According to our empirical findings, the pandemic significantly impacts poverty and pollution levels. The results show also that the pandemic coefficient considerably influences the inequality proxy. Due to social exclusion and inequities, these economies must embrace an integrated socio-economic vision to overcome the multi-faceted pandemic externalities and build more resilient economies..
This paper aimed at examining the tie between domestic investment, total consumption, and external debt in the case of Tunisia over the period 1970-2017. By applying the VECM, in the long-run, our findings recorded the fact that that external debt and domestic investment have a negative effect on total consumption. However, we found a significant negative impact of the total consumption and external debt on domestic investment. In the short run, we recorded that only total consumption and external debt cause domestic investment. Due to the importance of our insights, several lessons for Tunisia in terms of commitment towards the aims of the 14 January revolution and reforms should be undertaken.
Motivated by the gained momentum of the sustainable development goals (SDGs) under the umbrella of the United Nations organization, in the light of the SDG‐7, which stipulates the access to affordable, sustainable, and modern energy, this paper explores the dynamic relationship between renewable energy and the pillars of sustainable development. Its insights are driven using a simultaneous equation model based on a panel of 25 African economies covering the period 1990–2014. The results show that renewable energy is important for sustainable development and that higher levels of renewable energy can increase sustainability. The findings also confirm the positive influence of renewable energy on the economic, environmental, social, and institutional dimensions. These positive effects stem from investment in clean energy in the whole of Africa, combined with structural changes promoting the use of clean energy and the achievement of the millennium development goals. The findings should be useful for policymakers in Africa. Aggressive renewable energy policies will be crucial for achieving energy‐policy goals and the “multiple benefits” of renewable energy, such as reducing climate change and air pollution, improving energy security, and increasing access to energy.
This paper aims to investigate the nexus between domestic investment, exports, imports, and economic growth for the Brazilian economy during the period 1970-2017, using the VECM methodology. In the short-run, our empirical results pointed out that import, exports, and domestic investment cause economic growth. Also, economic growth causes exports. Exports, imports, and economic growth cause domestic investment. However, in the long-run, our results revealed that domestic investment and exports have a positive effect on economic growth. Also, imports have a negative effect on economic growth. The results recorded a positive impact of economic growth and imports on domestic investment. Exports have a negative effect on domestic investment. Finally, we record the absence of significant impact of economic growth, exports and domestic investment on imports, and economic growth, domestic investment, and imports on exports. Due to the importance of these aspects to the economic performance of Brazil, the policymakers are invited to orient these issues towards the sustainability facets to guarantee a sustained growth path.
This paper aiming at investigating the impact of renewable combustible and waste on the economic growth and environmental quality for the case of Tunisia using the ARDL bounds testing approach during the period 1971-2018. The results confirm the presence of long-run relationships between the combustible renewables and waste and the aggregate wealth proxy and the ecological proxies, respectively. Furthermore, for the production function model, our empirical results reflect that combustible renewables and waste exerts a significant positive effect on economic growth. For the environmental model, the findings confirm that combustible renewables and waste has a negative effect on environmental quality. From this outlook, the perspectives on the use of renewable energy use in Tunisia seem to be constructive and positive. The transition towards friendly energy sources is the main response to the climate emergency for a green economy in accordance with the Millennium Development Goals (MDGs).The encouragement of sustainable consumption, sustainable goods, and practices will be the main element towards the achievement of the green transition of the structure Tunisian economy as a whole.
The development of endogenous growth theory has opened an avenue through which the effects of taxation on economic growth can be explored. Indeed, several empirical studies have examined the effect of many criteria, typically measured as domestic investment, on economic growth. This study reviews the theoretical and empirical evidence to assess whether a consensus arises as to how taxation affects the rate of economic growth. It is shown that the theoretical models isolate several channels through which taxation can affect growth and that these effects may be very. Our empirical facts record that both taxation of corporate and domestic investment positively influence economic growth, as well as, economic growth can affect taxation.
This study makes a substantial contribution to the resources curse argument debates by answering the question of which scenario is bad for the economy "oil abundance" or "oil dependence" by supposing the nonlinearity in this issue. To answer this puzzling question, we use the panel smooth transition regression model (PSTR) for a sample of 33 economies categorized into two sub-panels the oil-abundant economies and the oil-dependent ones for the spanning time from 1990 to 2016. By confirming the nonlinearity in the oil curse argument, our empirical highlights pointed out that the oil curse thesis is very well verified. We revealed that the impact of oil abundance on income factor is more explicit in the oil-abundant economies than in the oil-dependent ones. The estimation of the threshold variable implies that the oil-growth nexus is smoothly switched from one regime to another regime but approximately rapid for the two scenarios. Due to the significant repercussions of the oil on the economic sphere, with the increase of the pace of the climate change symptoms and the depletion of the resources, these economies should seriously take into consideration the resource depletion and the climate emergency issues to preserve the planet's reserves for future generations towards sustainable and viable future.
The purpose of this paper is to treat the impact of the internet on growth for a sample in the case 4 economies of the North Africa over the period 1995-2017 using various techniques such as the ARDL bounds testing approach, Panel ARDL Model, OLS Fixed Effect, OLS Random Effect, FMOLS, 2 SLS, RLS, GLM, and GMM. Indeed, for the time series results, the ARDL highlights reported the presence of a negative impact of the internet on economic growth in Algeria, Egypt, Morocco, and Tunisia. Also, the main results of the Panel data models confirm the fact that the internet exerts a significant negative impact on growth for North Africa as a whole. These economies are invited to orient the use of the internet towards productive ways to reap the benefits of the spread of the internet and proactively enhance the prosperity in this region as a whole.
This analysis aims to treat the contribution of the foreign direct investment inflows and trade openness to environmental degradation. Drawing on the data for 27 African countries over the period from 1990 to 2013, we develop an empirical model based on a set of panel methods. This approach includes Westerlund (2007) panel cointegration technic, Common Correlated Effects Mean Group (CCE-MG) estimation procedure, and the Granger causality test. In terms of long-term causality, our findings reveal bidirectional long-term causality between CO2/NOx emissions, GDP, trade openness, and foreign direct investment. Besides, in the short-run, the results recorded a unidirectional causality running from GDP to CO2, and from FDI to CO2. However, bidirectional causality nexus was detected between trade openness and CO2. Additionally, the findings portray bidirectional causality between GDP and NOx and between trade openness and NOx, while a unidirectional causality from foreign direct investment to NOx. Our analysis substantiates the importance of the foreign direct investment inflows and trade openness in mitigating the adverse effect of heavy pollutant activities and resolving the environmental puzzle (growing without polluting) consistent with the Millennium Development Goals (MGDs) of the UN background.