Endorsing sustainable development in BRICS: The role of technological innovation and renewable energy consumption, and natural resources in limiting carbon emission.

Unleashing the dynamic impact of tourism industry on energy consumption, economic output, and environmental quality in China: A way forward towards environmental sustainability

The present study investigates the effect of institution quality, technological innovation, and financial development on environment quality using 37 OECD nations from 1998 to 2018. The cross-sectional dependence (CD) and Lagrange multiplier (LM) techniques are used to measure the cross-sectional dependence. The second-generation panel unit root tests and panel cointegration tests are applied to examine the unit-root properties and long-run association existence between variables. Finally, we employed the two-step (SYS-GMM) methodology to estimate the coefficient values. The findings showed that financial development has a positive effect on selected carbon (CO2) emission dimensions. When the moderating term is introduced, it was identified that institutional quality and technology innovation conditioning effects are crucial between financial development and CO2 emission. Our evidence-based study provides significant results for technology innovation and institutional quality moderating role in reducing CO2 emissions in OECD economies. Our findings are also robust to alternative measures, which could be useful for policymakers to formulate long-term and short-term strategies and policies for a better sustainable environment. 

/pdf/the-nexus-of-financial-development-technological-innovation-m1iruwvh.pdf

The nexus of financial development, technological innovation, institutional quality, and environmental quality: evidence from OECD economies

Do coal efficiency, climate policy uncertainty and green energy consumption promote environmental sustainability in the United States? An application of novel wavelet tools

Environmental quality and energy transition prospects for G-7 economies: The prominence of environment-related ICT innovations, financial and human development.

Environmental consequences of financial aspects, policy uncertainties and rapid globalization is the topic of intense debate in present years. However, this study contribute to existing literature in an innovative way. We classified the 33 OECD economies in two group's lower globalized economies (LGE) and highly globalized economies (HGE), based on their level of globalization. Considering the cross-sectional dependency and slope heterogeneity in the data this study employed the Augmented Mean Group method to estimate the influence of financial inclusion, economic policy uncertainty and globalization on the environment quality of both groups for the period 1996-2019. The results revealed a negative significant impact of financial inclusion, while a positive significant impact of economic policy uncertainty on CO2 emissions in both groups, LGE and HGE. However the globalization estimated to have positive impact on CO2 emission in LGE's, in HGE's it is significantly impeding the CO2 emission. The interaction of globalization with financial inclusion and economic policy uncertainty respectively found negative and positive to effect the CO2 in both LGE's and HGE's. The study suggests that, LGE's are need to prepare for economic globalization, move toward adopting energy-efficient technology and promote trade in less-polluting products in order to sustain their environment quality. The outcomes of this study are robust by employing different model specifications. 

/pdf/environmental-concerns-of-financial-inclusion-and-economic-3fhf1sa8.pdf

Environmental concerns of financial inclusion and economic policy uncertainty in the era of globalization: evidence from low & high globalized OECD economies

Employing ARDL approach to cointegration, the present study validates the Romer (1993) hypothesis, i.e. the existence of the inverse connection between inflation and openness in Pakistan for the period of 1970-71 to 2008-09. A more robust inverse linkage between inflation and openness is noted in the short-run as compared to the long-run. Bi- directional causality running between inflation and openness is also found. The positive linkage between real GDP and inflation is observed that seems to be in line with the truth of Phillips curve and Okun's law. The study recommends that the economic managers of Pakistan's economy should adopt such policies that promote openness so that inflation can be controlled and economic growth can be accelerated.

/pdf/openness-inflation-and-growth-relationships-in-pakistan-an-1r8o6nqvvl.pdf

OPENNESS, INFLATION AND GROWTH RELATIONSHIPS IN PAKISTAN An Application of ARDL Bounds Testing Approach

Foreign direct investment and economic growth nexus in the presence of domestic institutions: a regional comparative analysis

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Environmental concerns of financial inclusion and economic policy uncertainty in the era of globalization: evidence from low & high globalized OECD economies

OPENNESS, INFLATION AND GROWTH RELATIONSHIPS IN PAKISTAN An Application of ARDL Bounds Testing Approach

Foreign direct investment and economic growth nexus in the presence of domestic institutions: a regional comparative analysis