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Article
Publication date: 14 August 2017

Mohammad Mafizur Rahman, Kais Saidi and Mounir Ben Mbarek

The purpose of this paper is to explore the effects of population growth (PG), environmental quality and trade openness on economic growth of major developed and developing…

2030

Abstract

Purpose

The purpose of this paper is to explore the effects of population growth (PG), environmental quality and trade openness on economic growth of major developed and developing countries.

Design/methodology/approach

The authors have used the panel unit root and panel co-integration tests over the period 1960-2013. Granger causality test is used to find out the direction of causality between the variables.

Findings

There is a bi-directional relationship between economic growth and trade openness, and a unidirectional relation, running from trade openness to CO2 emissions in the three developed countries. PG has a positive effect on economic growth in three developing countries and there exists a bidirectional relationships between CO2 emissions and PG and a unidirectional relationship from PG to economic growth and from trade openness to economic growth. Furthermore, there is a unidirectional relationship from PG to economic growth and bidirectional relationships between trade openness and economic growth for the six selected countries.

Originality/value

This is the first comprehensive research that combined the selected three major developed and three major emerging countries of the world to explore the effects of three important variables on economic growth. The authors’ findings will help the policy makers as well as the people of these six countries. this study has shown the aggregate and disaggregate results, so a comparison between the groups of countries is possible. Therefore, this research has significant contributions.

Details

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

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Article
Publication date: 27 May 2020

Amir Saadaoui, Kais Saidi and Mohamed Kriaa

This paper aims at looking into the transmission of shocks between bond and oil markets using a bivariate GARCH (BEKK and DCC) model. As lots of financial assets have been…

263

Abstract

Purpose

This paper aims at looking into the transmission of shocks between bond and oil markets using a bivariate GARCH (BEKK and DCC) model. As lots of financial assets have been exchanged due to these index returns, it is essential for financial market participants to figure out the mechanism of volatility transmission through time and via these series for the purpose of taking optimal decisions of portfolio allocation. The outcomes drawn reveal an important volatility transmission between sovereign bond and oil indices, with great sensitivity during and after the subprime crisis period.

Design/methodology/approach

In this context, we propose our hypotheses. Indeed, our study aims to see whether the financial crisis has been responsible for the sharp drop in oil prices since October 2008. To this end, we suggest, in this paper, the empirical study of the shock transmission between the bond and oil markets, using BEK-GARCH and DCC models. To our knowledge, this is the first document using the BEKK-GARCH and the DCC models in studying the shock transmission between a sovereign bond and oil indices.

Findings

We have noticed that in the event of a disruption in the bond market, oil prices respond to these shocks in the short term. It has also been emphasized, however, that this relationship has exacerbated if the period has extended. This makes us conclude that the financial market situation affects the oil price only throughout the crisis period; and that this situation is causally significant only in the event of a severe crisis, such as those of subprime and sovereign debt.

Originality/value

The global financial system has been going through an acute crisis since mid-2007. This crisis, initially occurred only in the US real estate market, progressively affects the global financial system, and is now becoming a general economic crisis. The objective of this work is to analyze the effects of the current financial market disturbance on oil prices based on econometric models in order to promote the proper functioning of this study.

Details

Managerial Finance, vol. 46 no. 10
Type: Research Article
ISSN: 0307-4358

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Available. Open Access. Open Access
Article
Publication date: 6 July 2021

Richard Osadume and Edih O. University

This study investigated the impact of economic growth on carbon emissions on selected West African countries between 1980 and 2019. Simon-Steinmann's economic growth model…

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Abstract

Purpose

This study investigated the impact of economic growth on carbon emissions on selected West African countries between 1980 and 2019. Simon-Steinmann's economic growth model provides the relevant theoretical foundation. The main objective of this study was to ascertain whether economic growth will impact carbon emissions.

Design/methodology/approach

The study selected six-sample countries in West Africa and used secondary data obtained through the World Bank Group online database covering the period 1980–2019, employing panel econometric methods of statistical analysis.

Findings

The outcome indicates that the independent variable showed a positively significant impact on the dependent variable for the pooled samples in the short-run, with significant cointegration.

Research limitations/implications

The study concluded that economic growth significantly impacts the emissions of carbon, and a 1% rise in economic growth will result to 3.11121% unit rise in carbon emissions.

Practical implications

Policy implementation should encourage the use of energy efficient facilities by firms and government and the establishment of carbon trading hubs.

Social implications

Failure by governments to heed the recommendations of this research will result to serious climate change issues on economic activities with attendant consequences on human health within the region and globally.

Originality/value

This is one of the comprehensive works on subject covering the West African region within the continent.

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Book part
Publication date: 18 February 2022

Ramesh Chandra Das and Aloka Nayak

There have been increasing numbers of studies on the role of energy and environmental pollution upon income of the economies across the countries after the development of the…

Abstract

There have been increasing numbers of studies on the role of energy and environmental pollution upon income of the economies across the countries after the development of the endogenous growth literature. As standard practice, the factors which make explanations of why the developed countries are growing more compared to the common list of developing countries are the knowledge capital, role of institutions, etc. But, the roles of energy use and environmental resources upon economic growth have also been identified as additional source of endogenous growth. Sometimes, in certain economies, it is observed that both the factors maintain bidirectional causal relations with the level and growth of income. The present chapter aims to investigate whether energy use and environmental pollution make a cause to the level of income measured by gross domestic product, in both the long run and short run, for the world's highly developing group of economies in the nomenclature of BRICS. The period of study is taken to be 1990–2016 for which the data on all the indicators are available for the five member countries of the group. Using a VAR model, the study arrives at the conclusion that all the three are cointegrated for Brazil and Russia only. Further, there are short-run causal interplays among the three in different combinations across the member countries. While GDP and energy use are the common cause of CO2 emission for Brazil, India, and China; energy use and CO2 emissions are to GDP in India, South Africa, and China.

Details

Multidimensional Strategic Outlook on Global Competitive Energy Economics and Finance
Type: Book
ISBN: 978-1-80117-899-0

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Available. Content available
Book part
Publication date: 20 June 2017

David Shinar

Free Access. Free Access

Abstract

Details

Traffic Safety and Human Behavior
Type: Book
ISBN: 978-1-78635-222-4

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Book part
Publication date: 5 October 2007

David Shinar

Abstract

Details

Traffic Safety and Human Behavior
Type: Book
ISBN: 978-0-08-045029-2

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Article
Publication date: 10 August 2022

Sisay Demissew Beyene

The literature argues that human activities are responsible for environmental pollution and world climate change. Africa is the second-largest continent by population and its…

195

Abstract

Purpose

The literature argues that human activities are responsible for environmental pollution and world climate change. Africa is the second-largest continent by population and its socio-economic conditions are adversely affected by climate change due to environmental pollution. Therefore, this study investigates the relationship between human activities, the environment and the economic growth of 38 African countries from 2000 to 2018.

Design/methodology/approach

This study employs a simultaneous equations model called Seemingly unrelated regression.

Findings

Human capital development (HDI) and environmental health (EH) have a positive and non-linear relationship, while HDI and ecosystem vitality (EV) are negative and non-linear. The relationship between gross domestic product per capita (GDPPC) and EH is negative and non-linear. However, the GDPPC-EV link is insignificant. Trade openness (TO) and EV have a negative and non-linear relationship, but trade significantly improves EH. Urbanisation-EV relationship is positive and non-linear. However, urbanisation significantly reduces EH. Technology has a positive and non-linear relationship with EH and EV. The study also found that EH and EV positively affects the economy.

Originality/value

This is the first study to analyse the most concerned countries in-depth. Thus, it provides appropriate and sound policies that consider the unique characteristics of the nations. Moreover, it uses a robust estimation technique that overcomes the endogeneity problem and offers insight into the relationship between the variables, including the feedback effect of the environment on growth.

Details

International Journal of Social Economics, vol. 50 no. 1
Type: Research Article
ISSN: 0306-8293

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Article
Publication date: 8 December 2022

Idris Abdullahi Abdulqadir

This study aims to examine the nexuses between economic growth, trade openness, renewable energy consumption and environmental degradation among organization of petroleum…

154

Abstract

Purpose

This study aims to examine the nexuses between economic growth, trade openness, renewable energy consumption and environmental degradation among organization of petroleum exporting countries (OPEC) members over the period 1990–2019.

Design/methodology/approach

The empirical strategy for the study includes dynamic heterogeneous panel pooled mean group (PMG), mean group (MG) estimators and dynamic panel threshold regression (TR) analysis. For clarity, PMG and MG are used to explore the long-run relationship between the variables, whereas TR is used to uncover the actionable and complementary policy thresholds in the nexuses between green growth and environmental degradation.

Findings

The empirical evidence is based on the significant estimates from PMG and TR. First, using PMG, the study finding revealed a long-run relationship between economic growth and environmental degradation via the PMG estimator. Second, using TR, the study revealed an actionable threshold for carbon dioxide emissions (CO2) metrics tons per capita (mtpc) not beyond a critical mass of 4.88mtpc, and the complementary policy threshold of 85% of the share of trade to gross domestic product, respectively.

Research limitations/implications

The policy relevance of the thresholds is apparent to policymakers in the cartel and for policy formulation. The policy implication of this study is straightforward.

Originality/value

The novelty of this study stalk in the extant literature on providing policymakers with an actionable threshold for CO2 emissions with the corresponding complementary threshold for trade policies in the nexuses between green growth and the environment.

Details

International Journal of Energy Sector Management, vol. 17 no. 6
Type: Research Article
ISSN: 1750-6220

Keywords

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Article
Publication date: 6 September 2018

Patrícia H. Leal, Antonio Cardoso Marques and Jose Alberto Fuinhas

Australia is one of the ten largest emitters of greenhouse gases but stands out from the others due to its economic growth without recession for 26 consecutive years. This paper…

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Abstract

Purpose

Australia is one of the ten largest emitters of greenhouse gases but stands out from the others due to its economic growth without recession for 26 consecutive years. This paper aims to focus on the energy-growth nexus and the effects of energy consumption on the environment in Australia.

Design/methodology/approach

This analysis is performed using annual data from 1965 to 2015 and the autoregressive distributed lag model.

Findings

The paper finds empirical evidence of a trade-off between economic growth and carbon dioxide (CO2) intensity. The results show that increased gross domestic product (GDP) in Australia increased investment in renewable energy sources (RESs), although the renewable technology is limited and has no impact on reducing CO2 intensity in the long run. In contrast to investment in RES, fossil fuels, coal and oil, are decreased by GDP. However, oil consumption increased renewable energy consumption, and this reflects the pervading effect of the growing economy.

Originality/value

Overall, this paper contributes to the literature by analysing the behaviour of both energy consumption and the environment on the growing Australian economy. In addition, this paper goes further by studying the impact of economic growth on renewable and non-renewable energy consumption, as well as on CO2 emissions. The study is conducted on a single country for which literature is scarce, using a recent approach and a long time period.

Details

International Journal of Energy Sector Management, vol. 12 no. 4
Type: Research Article
ISSN: 1750-6220

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Article
Publication date: 13 July 2020

Issam Tlemsani, Farhi Marir and Munir Majdalawieh

This paper revolves around the usage of data analytics in the Qur’an and Hadith through a new text mining technique to answer the main research question of whether the activities…

667

Abstract

Purpose

This paper revolves around the usage of data analytics in the Qur’an and Hadith through a new text mining technique to answer the main research question of whether the activities and the data flows of the Murabaha financing contract is compatible with Sharia law. The purpose of this paper is to provide a thorough and comprehensive database that will be used to examine existing practices in Islamic banks’ and improve compliancy with Islamic financial law (Sharia).

Design/methodology/approach

To design a Sharia-compliant Murabaha business process originated on text mining, the authors start by identifying the factors deemed necessary in their text mining techniques of both texts; using a four-step strategy to analyze those text mining analytics; then, they list the three basic approaches in text mining used for new knowledge discovery in databases: the co-occurrence approach based on the recursive co-occurrence algorithm; the machine learning or statistical-based; and the knowledge-based. They identify any variation and association between the Murabaha business processes produced using text mining against the one developed through data collection.

Findings

The main finding attained in this paper is to confirm the compatibility of all activities and the data flows in the Murabaha financing contract produced using data analytics of the Quran and Hadith texts against the Murabaha business process that was developed based on data collection. Another key finding is revealing some shortcomings regarding Islamic banks business process compliance with Sharia law.

Practical implications

Given Murabaha as the most popular mode of Islamic financing with more than 75% in total transactions, this research has managed to touch-base on an area that is interesting to the vast majority of those dealing with Islamic finance instruments. By reaching findings that could improve the existing Islamic Murabaha business process and concluding on Sharia compliance of the existing Murabaha business process, this research is quite relevant and could be used in practice as well as in influencing public policy. In fact, Islamic Sharia law experts, Islamic finance professionals and Islamic banks may find the results of this study very useful in improving at least one aspect of the Islamic finance transactions.

Originality/value

By using a novel, fresh text mining methods built on recursive occurrence of synonym words from the Qur’an and Hadith to enrich Islamic finance, this research study can claim to have been the first of its kind in using machine learning to mine the Quran, Hadith and in extracting valuable knowledge to support and consolidate the Islamic financial business processes and make them more compliant with the i.

Details

Journal of Islamic Accounting and Business Research, vol. 11 no. 10
Type: Research Article
ISSN: 1759-0817

Keywords

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