The research examines how to export earnings, remittances, good governance, clean energy, innovation, and carbon neutrality are interconnected in Sub-Saharan African countries from 2001 to 2020. By using panel data analysis methods, the study explores the connections between these factors to understand the factors influencing carbon neutrality and their impact on sustainable development in the region. The analysis indicates that export earnings, remittances, and clean energy positively correlate with achieving carbon neutrality. Export earnings drive economic growth and support investments in cleaner technologies and environmental sustainability. Remittances boost household incomes, enabling the adoption of cleaner energy sources. Additionally, using clean energy technologies is linked to lower carbon emissions, emphasizing the need to transition to renewable energy sources for carbon neutrality. Conversely, the findings suggest negative connections between good governance, innovation, and achieving carbon neutrality. Countries with stable governance tend to have lower carbon emissions due to the effective implementation of environmental policies. However, the negative link between innovation and carbon neutrality implies that technological progress can increase emissions without investments in clean energy and sustainable practices. The study also highlights the significance of good governance in enforcing environmental policies. Furthermore, it stresses the need to balance economic growth with environmental sustainability, emphasizing the role of innovation in achieving sustainable development. The study adds to current research by presenting data on the factors influencing carbon neutrality in Sub-Saharan Africa. It highlights the connections between export earnings, remittances, governance, innovation, clean energy, and carbon neutrality, offering vital information for policymakers aiming to encourage sustainable development and address climate change in the area.
{"title":"Exploring the Impact of Good Governance and Innovation on Export Earnings, Clean Energy, Remittances, and Zero Carbon Emissions in Sub-Saharan African Countries","authors":"Piana Monsur Mindia, Md. Qamruzzaman, Nusrat Farzana","doi":"10.32479/ijeep.16096","DOIUrl":"https://doi.org/10.32479/ijeep.16096","url":null,"abstract":"The research examines how to export earnings, remittances, good governance, clean energy, innovation, and carbon neutrality are interconnected in Sub-Saharan African countries from 2001 to 2020. By using panel data analysis methods, the study explores the connections between these factors to understand the factors influencing carbon neutrality and their impact on sustainable development in the region. The analysis indicates that export earnings, remittances, and clean energy positively correlate with achieving carbon neutrality. Export earnings drive economic growth and support investments in cleaner technologies and environmental sustainability. Remittances boost household incomes, enabling the adoption of cleaner energy sources. Additionally, using clean energy technologies is linked to lower carbon emissions, emphasizing the need to transition to renewable energy sources for carbon neutrality. Conversely, the findings suggest negative connections between good governance, innovation, and achieving carbon neutrality. Countries with stable governance tend to have lower carbon emissions due to the effective implementation of environmental policies. However, the negative link between innovation and carbon neutrality implies that technological progress can increase emissions without investments in clean energy and sustainable practices. The study also highlights the significance of good governance in enforcing environmental policies. Furthermore, it stresses the need to balance economic growth with environmental sustainability, emphasizing the role of innovation in achieving sustainable development. The study adds to current research by presenting data on the factors influencing carbon neutrality in Sub-Saharan Africa. It highlights the connections between export earnings, remittances, governance, innovation, clean energy, and carbon neutrality, offering vital information for policymakers aiming to encourage sustainable development and address climate change in the area.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 45","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141675971","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We examine the relationship between renewable, non-renewable energy consumption and GDP growth in South Africa, with the aim of determining which energy source is most compatible with economic development. We investigate these relationships by applying autoregressive distributive lag (ARDL) models, vector autoregressive (VAR)-based causality tests and wavelet coherence analysis to annual time series data spanning 1985-2022. On one hand, the ARDL and causality analysis indicate positive (negative) relationships between non-renewable (renewable) energy and growth, whilst the causality tests show that none of the energy sources granger causes economic growth and only reverse causality exists. On the other hand, the more powerful wavelet analysis provides evidence that non-renewables are sustainable for long-term growth whilst renewables, at best, have short-term effects on growth which are mainly driven by the adoption of the White policy paper and the subsequent energy efficiency policies. Overall, these findings imply that South African energy regulators have not taken strong enough policy measures to induce a structural change in which long-term growth can be dependent on renewable energy.
{"title":"Renewable, Non-renewable Energy Consumption and Economic Growth in South Africa: Fresh Evidence from ARDL and Wavelet Coherence Analysis","authors":"Andrew Phiri, Tsepiso Sesoai","doi":"10.32479/ijeep.15406","DOIUrl":"https://doi.org/10.32479/ijeep.15406","url":null,"abstract":"We examine the relationship between renewable, non-renewable energy consumption and GDP growth in South Africa, with the aim of determining which energy source is most compatible with economic development. We investigate these relationships by applying autoregressive distributive lag (ARDL) models, vector autoregressive (VAR)-based causality tests and wavelet coherence analysis to annual time series data spanning 1985-2022. On one hand, the ARDL and causality analysis indicate positive (negative) relationships between non-renewable (renewable) energy and growth, whilst the causality tests show that none of the energy sources granger causes economic growth and only reverse causality exists. On the other hand, the more powerful wavelet analysis provides evidence that non-renewables are sustainable for long-term growth whilst renewables, at best, have short-term effects on growth which are mainly driven by the adoption of the White policy paper and the subsequent energy efficiency policies. Overall, these findings imply that South African energy regulators have not taken strong enough policy measures to induce a structural change in which long-term growth can be dependent on renewable energy.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141674330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mirzat Ullah, K. Sohag, Farrukh Nawaz, Oleg Mariev, U. Kayani, Igor Mayburov, Svetlana Doroshenko
This study offers a multidimensional solution to mitigate the risk raised due to oil price volatility for navigating investments within the Russian financial landscape. This study assesses spillover effects between crypto assets and traditional financial assets encompassing equities, bonds, precious metals, foreign currency reserves, and crude oil prices. It adopts a significant temporal perspective to assess the potential ramifications of various financial crises, including global health crises and regional conflicts, on oil prices. Utilizing a daily frequency dataset spanning from January 1, 2018, to December 30, 2023, this study investigates the contagion effects of financial crises across normal, bullish, and bearish market conditions. It introduces oil price shocks for the first time to effectively gauge the impact of exogenous shocks on both crypto and conventional asset classes. Additionally, the study employs Cross Quantilogram (CQ) and TVP-VAR spillover estimation techniques to examine interconnectedness among the underlined assets. Furthermore, the study utilizes the quantile wavelet coherence estimation model to unveil volatility patterns, laying the groundwork for hypotheses related to diversification, hedging, and safe-haven investment strategies among the assets. The findings underscore the effectiveness of crypto assets in diversifying risk and serving as a hedge, particularly evident during crises, leading to heightened volatility. Conversely, government-owned bonds exhibit the lowest resilience to external shocks. Moreover, the dynamic interconnectedness among assets provides guidance to investors for implementing the proposed hypotheses that underscores the importance of prudent asset allocation policies for risk management, optimizing portfolio utilization.
{"title":"Impact of Oil Price Shocks on Crypto and Conventional Financial Assets during Financial Crises: Evidence from the Russian Financial Market","authors":"Mirzat Ullah, K. Sohag, Farrukh Nawaz, Oleg Mariev, U. Kayani, Igor Mayburov, Svetlana Doroshenko","doi":"10.32479/ijeep.16374","DOIUrl":"https://doi.org/10.32479/ijeep.16374","url":null,"abstract":"This study offers a multidimensional solution to mitigate the risk raised due to oil price volatility for navigating investments within the Russian financial landscape. This study assesses spillover effects between crypto assets and traditional financial assets encompassing equities, bonds, precious metals, foreign currency reserves, and crude oil prices. It adopts a significant temporal perspective to assess the potential ramifications of various financial crises, including global health crises and regional conflicts, on oil prices. Utilizing a daily frequency dataset spanning from January 1, 2018, to December 30, 2023, this study investigates the contagion effects of financial crises across normal, bullish, and bearish market conditions. It introduces oil price shocks for the first time to effectively gauge the impact of exogenous shocks on both crypto and conventional asset classes. Additionally, the study employs Cross Quantilogram (CQ) and TVP-VAR spillover estimation techniques to examine interconnectedness among the underlined assets. Furthermore, the study utilizes the quantile wavelet coherence estimation model to unveil volatility patterns, laying the groundwork for hypotheses related to diversification, hedging, and safe-haven investment strategies among the assets. The findings underscore the effectiveness of crypto assets in diversifying risk and serving as a hedge, particularly evident during crises, leading to heightened volatility. Conversely, government-owned bonds exhibit the lowest resilience to external shocks. Moreover, the dynamic interconnectedness among assets provides guidance to investors for implementing the proposed hypotheses that underscores the importance of prudent asset allocation policies for risk management, optimizing portfolio utilization.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141675380","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Middle Eastern countries have prioritized energy efficiency in their policy, regarding the adverse environmental consequences of relying heavily on fossil fuels. Over time, their reliance on fossil fuels for energy generation and imports has resulted in a continual rise in greenhouse gas emissions. Nevertheless, Middle Eastern countries possess considerable capacity for renewable energy resources that can be utilized without causing harm to the environment. This study empirically examines the effect of green finance, environmental sustainability, and fin-tech on energy efficiency using panel data from 2012 to 2023 in Middle Eastern countries: Turkey, Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates. The study achieved its aims by employing a range of econometric methodologies. The CIPS and IPS procedures are employed to analyze unit root attributes, while the panel cointegration methodology of Westerlund (2007) is used to examine cointegration. The results indicate that there is cointegration among the variables that were analyzed. The outcomes provide helpful knowledge regarding the development of energy efficiency in Middle Eastern countries.
{"title":"The Dynamic Impact of Environmental Sustainability, Green Finance, and FinTech on Energy Efficiency in Middle Eastern Economies","authors":"Omar Al_kasasbeh, S. Al-Khazaleh, G. Alsheikh","doi":"10.32479/ijeep.15691","DOIUrl":"https://doi.org/10.32479/ijeep.15691","url":null,"abstract":"\u0000\u0000\u0000Middle Eastern countries have prioritized energy efficiency in their policy, regarding the adverse environmental consequences of relying heavily on fossil fuels. Over time, their reliance on fossil fuels for energy generation and imports has resulted in a continual rise in greenhouse gas emissions. Nevertheless, Middle Eastern countries possess considerable capacity for renewable energy resources that can be utilized without causing harm to the environment. This study empirically examines the effect of green finance, environmental sustainability, and fin-tech on energy efficiency using panel data from 2012 to 2023 in Middle Eastern countries: Turkey, Saudi Arabia, Kuwait, Qatar, and the United Arab Emirates. The study achieved its aims by employing a range of econometric methodologies. The CIPS and IPS procedures are employed to analyze unit root attributes, while the panel cointegration methodology of Westerlund (2007) is used to examine cointegration. The results indicate that there is cointegration among the variables that were analyzed. The outcomes provide helpful knowledge regarding the development of energy efficiency in Middle Eastern countries.\u0000\u0000\u0000","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 21","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141675675","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abd Hamid Paddu, Indraswati Tri Abdi Reviane, Nur Dwiana Sari Saudi, Fitriwati Djam’an, Mirzalina Zaenal, Sabbardahham Sabbar
This study investigates a fresh perspective on how natural resource rents (NRR) and quantity of natural resources (QNR) modulate the influence of fiscal decentralization (FD) and the Financial Development Index (FDI) on energy efficiency (ENE) and CO2 Emissions. We draw upon the Stochastic Impacts of Regression on Population, Affluence, and Technology framework, taking the BRICS countries as the subject of investigation from 1986 through 2021. Using a panel Method of Moments Quantile Regression with fixed effects, our results suggest that fiscal decentralization is favorable for environmental stability, particularly in BRICS countries with higher energy efficiency and CO2 Emission levels. Increased FDI proves environmentally harmful, with pronounced effects in more energy-efficient nations. Regarding direct influences, NRR and QNR hinder energy and CO2 efficiency, notably in countries with lower energy efficiency and CO2 emissions. Regarding indirect effects, NRR and QNR positively steer the impact of fiscal decentralization and the Financial Development Index on energy efficiency and CO2 Emissions, exhibiting stronger effects in energy-efficient nations. Among other control variables, Eco-Innovation (ECO_INNO), Solar energy production (SEP), Population (POP), and Economic Growth (GDP) foster environmental stability. We propose that fiscal decentralization should be based on a clear and responsible subnational government framework to counter rent-seeking behaviors and weak environmental conservation. Further, inclusive finance must strengthen the accessibility and cost-effectiveness of financial solutions for economic agents, promoting green consumption and investment initiatives to reach environmental stability and other Sustainable Development Goals.
{"title":"Interlinkages of Fiscal Decentralization, Financial Development, and Carbon Emissions: The Underlying Significance of Natural Resources","authors":"Abd Hamid Paddu, Indraswati Tri Abdi Reviane, Nur Dwiana Sari Saudi, Fitriwati Djam’an, Mirzalina Zaenal, Sabbardahham Sabbar","doi":"10.32479/ijeep.15944","DOIUrl":"https://doi.org/10.32479/ijeep.15944","url":null,"abstract":"This study investigates a fresh perspective on how natural resource rents (NRR) and quantity of natural resources (QNR) modulate the influence of fiscal decentralization (FD) and the Financial Development Index (FDI) on energy efficiency (ENE) and CO2 Emissions. We draw upon the Stochastic Impacts of Regression on Population, Affluence, and Technology framework, taking the BRICS countries as the subject of investigation from 1986 through 2021. Using a panel Method of Moments Quantile Regression with fixed effects, our results suggest that fiscal decentralization is favorable for environmental stability, particularly in BRICS countries with higher energy efficiency and CO2 Emission levels. Increased FDI proves environmentally harmful, with pronounced effects in more energy-efficient nations. Regarding direct influences, NRR and QNR hinder energy and CO2 efficiency, notably in countries with lower energy efficiency and CO2 emissions. Regarding indirect effects, NRR and QNR positively steer the impact of fiscal decentralization and the Financial Development Index on energy efficiency and CO2 Emissions, exhibiting stronger effects in energy-efficient nations. Among other control variables, Eco-Innovation (ECO_INNO), Solar energy production (SEP), Population (POP), and Economic Growth (GDP) foster environmental stability. We propose that fiscal decentralization should be based on a clear and responsible subnational government framework to counter rent-seeking behaviors and weak environmental conservation. Further, inclusive finance must strengthen the accessibility and cost-effectiveness of financial solutions for economic agents, promoting green consumption and investment initiatives to reach environmental stability and other Sustainable Development Goals.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 41","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141673738","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Victor Hugo Puican Rodriguez, Liliana del Carmen Suárez Santa Cruz, Abel Salazar Asalde, Alejandro Alcántara Suyón, Freddy Manuel Camacho Delgado
Through an empirical analysis of the impact of taxation and tax refunds on the economic activity of the energy industry in Peru, this study seeks to provide an understanding of the economic effects of fiscal policies in a Latin American country with a significant energy sector. Relevant data on taxation and tax refunds in the Peruvian energy sector were collected and the effect of these variables on the main indicator of economic activity in the industry was evaluated. The results suggest that both taxation and tax refunds can significantly impact the economic activity of the energy industry, however, these effects are full when the output of this industry is at medium levels. In addition, the regressive effects of tax taxation can be offset by the positive effects of tax refunds. Overall, this research contributes to understanding the dynamics of fiscal policies in the energy sector of developing economies such as Peru, emphasizing the importance of tailored fiscal measures to promote sustainable energy development and economic growth.
{"title":"The Effect of Taxes and Tax Refunds on the Economic Activity of the Energy Industry in Peru","authors":"Victor Hugo Puican Rodriguez, Liliana del Carmen Suárez Santa Cruz, Abel Salazar Asalde, Alejandro Alcántara Suyón, Freddy Manuel Camacho Delgado","doi":"10.32479/ijeep.16046","DOIUrl":"https://doi.org/10.32479/ijeep.16046","url":null,"abstract":"Through an empirical analysis of the impact of taxation and tax refunds on the economic activity of the energy industry in Peru, this study seeks to provide an understanding of the economic effects of fiscal policies in a Latin American country with a significant energy sector. Relevant data on taxation and tax refunds in the Peruvian energy sector were collected and the effect of these variables on the main indicator of economic activity in the industry was evaluated. The results suggest that both taxation and tax refunds can significantly impact the economic activity of the energy industry, however, these effects are full when the output of this industry is at medium levels. In addition, the regressive effects of tax taxation can be offset by the positive effects of tax refunds. Overall, this research contributes to understanding the dynamics of fiscal policies in the energy sector of developing economies such as Peru, emphasizing the importance of tailored fiscal measures to promote sustainable energy development and economic growth.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141676192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Mohammad Nassar Almarshad, S. Alwaely, B. Alkhawaldeh, Mosa Qasim Hasan Al Qaryouti, Ahmad Y. A. Bani Ahmad
This study investigates the mediating role of energy efficiency measures in enhancing manufacturing firm performance in Jordan. A conceptual model is developed linking organizational policies, culture, and government incentives to adoption of energy efficiency measures, which in turn impact organizational performance. Data was collected through a survey of 300 manufacturing firms across major industrial sub-sectors in Jordan including food, textiles, chemicals, pharmaceuticals, construction materials, and machinery. Structural equation modeling using SmartPLS software tested the hypothesized relationships. Results provide empirical support for the conceptual framework. Organizational policies, culture emphasizing environmental responsibility, and government incentives positively influence adoption of energy efficiency measures like process optimization, equipment upgrades, and lighting improvements. Greater adoption of these measures enhances manufacturing performance across various dimensions like efficiency, quality, flexibility, and competitiveness. Further, energy efficiency measures strongly mediate the links between organizational policies, culture, incentives and manufacturing performance. The study makes important theoretical contributions to the resource-based view and natural resource-based view in a developing economy context. It also offers actionable implications for manufacturing managers and policymakers regarding energy efficiency strategies and programs. Limitations relating to the cross-sectional design, self-reported data, and generalizability are discussed along with recommendations for future research using longitudinal, qualitative, and multilevel approaches. Overall, the study highlights energy efficiency as a critical capability for boosting competitiveness in manufacturing firms, with mediation analysis elucidating the underlying performance enhancement mechanisms.
{"title":"The Mediating Role of Energy Efficiency Measures in Enhancing Organizational Performance: Evidence from the Manufacturing Sector in Jordan","authors":"Mohammad Nassar Almarshad, S. Alwaely, B. Alkhawaldeh, Mosa Qasim Hasan Al Qaryouti, Ahmad Y. A. Bani Ahmad","doi":"10.32479/ijeep.15972","DOIUrl":"https://doi.org/10.32479/ijeep.15972","url":null,"abstract":"This study investigates the mediating role of energy efficiency measures in enhancing manufacturing firm performance in Jordan. A conceptual model is developed linking organizational policies, culture, and government incentives to adoption of energy efficiency measures, which in turn impact organizational performance. Data was collected through a survey of 300 manufacturing firms across major industrial sub-sectors in Jordan including food, textiles, chemicals, pharmaceuticals, construction materials, and machinery. Structural equation modeling using SmartPLS software tested the hypothesized relationships. Results provide empirical support for the conceptual framework. Organizational policies, culture emphasizing environmental responsibility, and government incentives positively influence adoption of energy efficiency measures like process optimization, equipment upgrades, and lighting improvements. Greater adoption of these measures enhances manufacturing performance across various dimensions like efficiency, quality, flexibility, and competitiveness. Further, energy efficiency measures strongly mediate the links between organizational policies, culture, incentives and manufacturing performance. The study makes important theoretical contributions to the resource-based view and natural resource-based view in a developing economy context. It also offers actionable implications for manufacturing managers and policymakers regarding energy efficiency strategies and programs. Limitations relating to the cross-sectional design, self-reported data, and generalizability are discussed along with recommendations for future research using longitudinal, qualitative, and multilevel approaches. Overall, the study highlights energy efficiency as a critical capability for boosting competitiveness in manufacturing firms, with mediation analysis elucidating the underlying performance enhancement mechanisms.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 24","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141677179","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Charles O. Manasseh, Chine Sp Logan, Ebele Igwemeka, F. C. Ekwunife, Chukwunonso F. Onoh, O. Okanya, G. C. Eje, Kingsley C. Ezechi, Wilfred O. Okonkwo
This study examines the interaction impacts of carbon dioxide molecule emissions and population changes on financial development in Sub-Saharan Africa (SSA). The study used yearly time series data spanning the years 2000 to 2021. Following the PMG and FE results, the dynamic system GMM estimator was used in the study. The study found a significant inverse long-run relationship between carbon dioxide (CO2) emissions and financial development. Also, demographic changes have a significant positive impact on financial development. The interaction term findings demonstrate that changes in CO2 and GHG emissions have a negative and significant influence on the impact of the money supply ratio on financial development in SSA. The study suggests policies that support the adoption of financial aid or other incentives for initiatives that reduce CO2 emissions. Additionally, initiatives to support financial inclusion, uphold financial stability, encourage the expansion of infrastructure, advance social welfare, and ensure environmental sustainability should be made. Therefore, the SSA countries might benefit from their expanding populations to drive long-term economic expansion and improve living standards for their people.
{"title":"Interactive Effects of Carbon Dioxide Molecules, Demographic Changes on Financial Development in Sub-Saharan Africa","authors":"Charles O. Manasseh, Chine Sp Logan, Ebele Igwemeka, F. C. Ekwunife, Chukwunonso F. Onoh, O. Okanya, G. C. Eje, Kingsley C. Ezechi, Wilfred O. Okonkwo","doi":"10.32479/ijeep.14652","DOIUrl":"https://doi.org/10.32479/ijeep.14652","url":null,"abstract":"This study examines the interaction impacts of carbon dioxide molecule emissions and population changes on financial development in Sub-Saharan Africa (SSA). The study used yearly time series data spanning the years 2000 to 2021. Following the PMG and FE results, the dynamic system GMM estimator was used in the study. The study found a significant inverse long-run relationship between carbon dioxide (CO2) emissions and financial development. Also, demographic changes have a significant positive impact on financial development. The interaction term findings demonstrate that changes in CO2 and GHG emissions have a negative and significant influence on the impact of the money supply ratio on financial development in SSA. The study suggests policies that support the adoption of financial aid or other incentives for initiatives that reduce CO2 emissions. Additionally, initiatives to support financial inclusion, uphold financial stability, encourage the expansion of infrastructure, advance social welfare, and ensure environmental sustainability should be made. Therefore, the SSA countries might benefit from their expanding populations to drive long-term economic expansion and improve living standards for their people.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 34","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141675208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
As technology continues to advance, the demand for electricity increases, and resources become scarcer, awareness of energy saving and related issues is increasingly important and has been the focus of scholarly research in recent times. This study investigates the key factors influencing households' electricity-saving behaviour in Ho Chi Minh City (HCMC), Vietnam, utilizing a convenience sampling approach. A total of 431 data samples were selected for examination. The research factors are attitude, social norms, personal moral norms, responsibility for energy-saving, degree of concern, policy, and social propaganda. These factors are expected to have an impact on perceived benefits and perceived behavioural control, which in turn are expected to positively influence the intention of HCMC householders to save electricity and engage in electricity-saving behaviours. The results show that all my hypotheses are accepted. This study identifies the key factors mentioned above that play important roles, as well as the two further factors of perceived benefits and perceived behavioural control, in shaping intentions for electricity-saving and the impact on electricity-saving behaviours. However, this study found that the degree of concern and policy and social propaganda do not significantly affect perceived benefit, contrary to the initial hypotheses. This study provides evidence and offers insights to policymakers regarding the key factors that influence households' intentions to save electricity and their electricity-saving behaviours. Furthermore, this research lays the groundwork for scholars to develop a comprehensive understanding and conduct further in-depth studies aimed at proposing solutions to enhance awareness of electricity-saving among individuals and organisations. These efforts benefit the community and address environmental concerns, aligning with the UN’s Sustainable Development Goals.
{"title":"Factors Affecting Households’ Electricity-Saving Behaviour: A Perspective on Sustainable Development","authors":"Tuan Khanh Vuong","doi":"10.32479/ijeep.16174","DOIUrl":"https://doi.org/10.32479/ijeep.16174","url":null,"abstract":"As technology continues to advance, the demand for electricity increases, and resources become scarcer, awareness of energy saving and related issues is increasingly important and has been the focus of scholarly research in recent times. This study investigates the key factors influencing households' electricity-saving behaviour in Ho Chi Minh City (HCMC), Vietnam, utilizing a convenience sampling approach. A total of 431 data samples were selected for examination. The research factors are attitude, social norms, personal moral norms, responsibility for energy-saving, degree of concern, policy, and social propaganda. These factors are expected to have an impact on perceived benefits and perceived behavioural control, which in turn are expected to positively influence the intention of HCMC householders to save electricity and engage in electricity-saving behaviours. The results show that all my hypotheses are accepted. This study identifies the key factors mentioned above that play important roles, as well as the two further factors of perceived benefits and perceived behavioural control, in shaping intentions for electricity-saving and the impact on electricity-saving behaviours. However, this study found that the degree of concern and policy and social propaganda do not significantly affect perceived benefit, contrary to the initial hypotheses. This study provides evidence and offers insights to policymakers regarding the key factors that influence households' intentions to save electricity and their electricity-saving behaviours. Furthermore, this research lays the groundwork for scholars to develop a comprehensive understanding and conduct further in-depth studies aimed at proposing solutions to enhance awareness of electricity-saving among individuals and organisations. These efforts benefit the community and address environmental concerns, aligning with the UN’s Sustainable Development Goals.","PeriodicalId":38194,"journal":{"name":"International Journal of Energy Economics and Policy","volume":" 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141676788","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
B. Surya, Syafri Syafri, Rahmawati Thamrin, Syahrul Sariman, Hernita Hernita, Agus Salim, Nasrullah Nasrullah
Allocation of space in the development of new city areas for the needs of socio-economic activities contributes to the complexity of land use and environmental degradation. This study aims to: (1) Analyze the effect of space utilization allocation, activity systems, and population mobility on the increase in energy demand for the new city of Moncongloe-Pattalasang; (2) Analyze the direct and indirect effects of activity systems, changes in land use, allocation of space use, on the need for renewable energy, and improving the environmental quality of new city areas; and (3) Formulate a model of space utilization based on renewable energy and the sustainability of new city development. This study uses a qualitative and quantitative approach. Data obtained through observation, surveys, in-depth interviews, and documentation. The results of the study show that the allocation of space utilization coupled with the use of renewable energy contributes to improving the environmental quality of the new city of Moncongloe-Pattalassang. The allocation of space utilization, activity systems, and population mobility explains that 97.61% of the energy needs of the new city of Moncongloe-Pattalassang. Furthermore, the influence of the total activity system, changes in land use, and allocation of space use on renewable energy needs contributed 60.58% and the direct influence of renewable energy demand on improving the environmental quality of the new city of Moncongloe-Pattalassang was 67.73%. This study recommends the use of renewable energy to support social activity functions towards improving environmental quality and the sustainability of the development of the new city area Moncongloe-Pattalassang.
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