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Article
Publication date: 31 January 2022

Mohammad Younus Bhat, Arfat Ahmad Sofi and Shambhu Sajith

This study explores the interplay among climate change, economic growth and energy consumption in G20 countries by considering the role of green energy.

344

Abstract

Purpose

This study explores the interplay among climate change, economic growth and energy consumption in G20 countries by considering the role of green energy.

Design/methodology/approach

This study uses various empirical tools to determine the association between carbon emissions, economic growth, renewables, non-renewables, population and urbanization for a panel of G20 countries between 1990 and 2014.

Findings

Empirical outcomes from various empirical tools reveal a positive and significant impact of economic growth, non-renewable energy consumption and urbanization on carbon emissions, and their increase will further lead to the deterioration of environmental quality. The elasticity coefficient of renewable energy coefficient is negative and significant implying an increase in its consumption will improve environmental quality. Panel causality test results reveal the existence of both short-run and long-run causality among the variables. Therefore, results infer that a reduction in the consumption of non-renewable and substitution with renewables will have a significant impact on carbon emission mitigation.

Originality/value

Through this study, the authors suggest the sustainable use of renewables as they are sustainable, secure, efficient, environmentally justifiable and economically viable sources of energy. Therefore, replacing traditional non-renewables with modern renewables has the potential in avoiding the dangerous impacts of greenhouse gases (GHGs) particularly in the G20 countries. This paper intends to guide policymakers regarding the environmental quality and renewable energy consumption required to hold back the fossil fuel dependence for a cleaner and greener planet.

Details

Management of Environmental Quality: An International Journal, vol. 33 no. 3
Type: Research Article
ISSN: 1477-7835

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Article
Publication date: 14 August 2017

Arfat Ahmad Sofi and Raja Sethu Durai S.

The purpose of this paper is to investigate convergence hypothesis in a balanced panel of 22 Indian states for the time period of 1980-81 to 2010-11 by applying nonparametric…

657

Abstract

Purpose

The purpose of this paper is to investigate convergence hypothesis in a balanced panel of 22 Indian states for the time period of 1980-81 to 2010-11 by applying nonparametric model setting in a panel framework.

Design/methodology/approach

The present study uses nonparametric and semi-parametric panel data methods to test the absolute and conditional convergence, respectively, and examines the income convergence using nonparametric panel data methods with state specific effects taken into consideration. These models are being estimated by the iterative process for a balanced panel of state wise per capita income and other conditioning variables for the time period of 1980-81 to 2010-11. For removing the fixed effects, the authors follow within transformation procedure according to the feasibility of the problem. Since convergence is estimated by regressing dependent variable on initial level of independent variable (as growth rate of income and per capita income in this case). So using usual transformation for removing the fixed effects is not feasible because by doing so the authors may end up with singular matrices on both sides of the regression model.

Findings

The results reject the null of parametric specification for both absolute as well as conditional convergence model. As to the outcome of the empirical analysis, the findings reveal that the Indian states are diverging in absolute sense and converging on conditional basis. Convergence happens to be consistent and conditional upon public expenditure, power generation share of primary and tertiary sector to Gross State Domestic Product.

Originality/value

The originality of the study is in its application of advanced methodology to highlight the model misspecifications while testing the convergence hypothesis in earlier literature.

Details

Journal of Economic Studies, vol. 44 no. 3
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 5 June 2020

Mohammad Younus Bhat, M.S. Bhatt and Arfat Ahmad Sofi

Biodiversity loss has become widespread since current rates are potentially catastrophic for species and habitat integrity, and the Dachigam National Park in Jammu and Kashmir…

384

Abstract

Purpose

Biodiversity loss has become widespread since current rates are potentially catastrophic for species and habitat integrity, and the Dachigam National Park in Jammu and Kashmir (India) is not a distinctive case. Therefore, the main objective of this study is to elicit the willingness to pay (WTP) for biodiversity conservation of the Park.

Design/methodology/approach

A survey-based choice experiment method was carried out at the Dachigam National Park, an area that is threatened by several anthropogenic pressures. Attributes selected for analysis through choice experiments were endangered species, national park area, research and education opportunities the park withholds. To estimate WTP, a monetary variable involving an increase in entry fee was also incorporated. To obtain the estimates, the authors use the augmented conditional logit model.

Findings

WTP for the selected attributes per visitor turned out to be ₹302.07 for enhancing the population of endangered species, ₹121.91 for improvement in the park area and ₹171.64 for increasing research and education opportunities the park withholds.

Research limitations/implications

Though the study uncovers very important aspects of evaluating the biological resources, albeit with some limitations. The study estimates WTP for biodiversity conservation using a conditional logit model, which is based on a specific area and population sample. It would be better if a broader sample is considered to trace out the findings for meaningful generalization. Besides, the results can be replicated for similar kinds of samples.

Practical implications

With the use of benefits transfer method, this study aims to provide policymakers with useful information to manage biodiversity attributes across the Himalayan region.

Originality/value

The main contribution of this study is to provide a critical understanding of the valuation to facilitate the concerned body for better planning and management of biological resources. The findings of the present study can be used as an indicator of the inherent economic importance of biological resources across the Himalayan range for their better management and conservation that can help in ensuring sustainable utilization of these resources.

Details

Management of Environmental Quality: An International Journal, vol. 31 no. 6
Type: Research Article
ISSN: 1477-7835

Keywords

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Article
Publication date: 6 July 2015

Arfat Ahmad Sofi and S. Raja Sethu Durai

This study aims to analyse the patterns of growth and income disparities and to have a future insight about its behaviour across 22 Indian states for the period from 1980-1981 to…

432

Abstract

Purpose

This study aims to analyse the patterns of growth and income disparities and to have a future insight about its behaviour across 22 Indian states for the period from 1980-1981 to 2010-2011.

Design/methodology/approach

This paper uses a three-stage methodological procedures to arrive at the results. First, the distributional aspect of per capita income has been analyzed by using Kuznets’s Inverted-U Hypothesis. Second, to analyse the relative performance across India states, the Shift Analysis Technique has been utilized. Finally, analyzing the future aspect of the growth and disparities among the low-, middle- and high-income states a catch process has been performed.

Findings

The empirical results rejects the Kuznets’s hypothesis for both aggregate and sectoral incomes across Indian states. The relative performance of Indian states shows signs of decreasing the income disparities over the time with a positive shift. Finally, the catch-up process among the low-, middle- and high-income states suggests different time bands for each group to narrow down or eliminate the income disparities in future.

Originality/value

This study contributes to the literature in three ways. First, examining the sectoral growth and disparities across Indian states by testing the Kuznets’s Inverted-U Hypothesis to highlight the specification issue; second, to measure the relative performance of Indian states over the time that can help us to find out the individual states that are purely responsible for income disparities in India. Finally, estimates of catch-up speed among Indian states provide a prediction about their behaviour to eradicate the disparities in future.

Details

International Journal of Development Issues, vol. 14 no. 2
Type: Research Article
ISSN: 1446-8956

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