ArticleEnvironmental science and pollution research international2021
Renewable energy, economic development, and ecological footprint nexus: fresh evidence of renewable energy environment Kuznets curve (RKC) from income groups.
Article in Environmental science and pollution research international, 2021. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 12 papers.
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Who cites it
12 citing papers in PubMed.
- Article
- ICT penetration and life expectancy in emerging market economies: panel evidence from asymmetric causality analysis.BMC public health · 2024Article
- Article
- A time-varying approach to the nexus between environmental related technologies, renewable energy consumption and environmental sustainability in South Africa.Scientific reports · 2023Article
- A review of renewable energy based power supply options for telecom towers.Environment, development and sustainability · 2023Review
- Revisiting the nexus between fiscal decentralization and COFinancial innovation · 2023Article
- An analysis of the main driving factors of renewable energy consumption in the European Union.Environmental science and pollution research international · 2022Article
- Reinvestigating the Environmental Kuznets Curve (EKC) hypothesis by a composite model constructed on the Armey curve hypothesis with government spending for the US States.Environmental science and pollution research international · 2022Article
- The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies.International journal of environmental research and public health · 2021Article
- New insight into examining the role of financial development in economic growth effect on a composite environmental quality index.Environmental science and pollution research international · 2021Article
- Does renewable energy consumption contribute to the development of low-carbon economy? Evidence from China.Environmental science and pollution research international · 2021Article
- Investigating marginal effect of economic growth on environmental quality based on six environmental indicators: does financial development have a determinative role in strengthening or weakening this effect?Environmental science and pollution research international · 2021Article
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Authors and funding
4 authors.
Funding
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Abstract
This study aims to measure the association of real economic growth per capita, renewable energy consumption, and financial development with ecological footprints (EFP) across the 155 countries of four different income groups over the period of 1990-2017. For the analysis, the unit root tests allowing cross-sectional dependency, Westerlund cointegration test, common correlated effect of mean group, augmented mean group, mean group, and Dumitrescu-Hurlin panel causality test are used. The results verify both the environmental Kuznets curve (EKC) and renewable energy environment Kuznets curve (RKC) hypotheses in the high-income group; however, other groups have not shown reliable results. Moreover, it is observed that the existence of RKC is a turning point for high-income countries, and it takes place before the turning point of the forthcoming EKC. Besides, empirical outcomes endorse the presence of long-run equilibrium and indicate that financial development has a negative and significant effect on the EFP in the case of the high-income group. In contrast, upper-middle- and lower-middle-income groups show the insignificant relationship with the dependent variable. Likewise, financial development has a positive and significant association with EFP for the low-income group. Conversely, biomass energy has a negative relationship with EFP in high- and lower-middle-income groups, while a positive association has been observed for the remaining two groups. We suppose that the study outcomes would guide the policymakers in decision-making regarding the development and usage of renewable energy to prevent environmental damages.
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