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Item type:Publication, The role of technological innovation in environmental pollution, energy consumption and sustainable economic growth: evidence from South Asian economies(Elsevier, 2021-12-02)This study examines the causal relationship among technological innovation (TI), environment pollution (EP), energy consumption (EC) and sustainable economic growth (SEG) from selected South Asian economies. In order to identify the causal association between energy growth and nexus of CO2 emissions, this study is employed the premises of the EKC framework. This study has used annual time series data set from world development indicator (WDI), start from 1990 to 2019. The result of a fully modified ordinary least square (FMOLS) method describes a significantly worsen the quality environment in the south Asian region. The individual country as Bangladesh shows a positively significant impact on the CO2 emissions and destroying the level of environment regarding non-renewable and renewable energy and technological innovation index. However, negative and positive values of growth (GDP) and square of GDP respectively confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use. - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Volatility in natural resources prices and economic performance: evidence from BRICS economies(Elsevier, 2021-11-26)Natural resources and economic growth nexus have been extensively investigated since the last three decades and still the debate is in progress. However, in the current times, natural resources prices volatility got importance as natural resources prices are playing crucial role in economic growth by regulating economic activities, which is relatively less studied. Natural resources price volatility and economic performance nexus have set new trends for scholars and policy-makers. Volatility in natural resources could have a detrimental impact on the economic performance of a country or region. In this regard, the current study aims to identify the relationship between them while considering the role of green innovation in the BRICS economies between 1990 and 2021. Employing the cross-sectionally augmented autoregressive distributive lags (CS-ARDL) approach, the results revealed that natural resource volatility, oil rents, natural gas rents, and green innovation positively influence the economic performance in both short-run and long-run. These results are found robust as verified by the long-run estimator augmented mean group (AMG). Besides, the Dumitrescu and Hurlin (2012) Granger panel causality heterogeneous test unveil a bidirectional causal association between the under discussion variables and economic performance. Based on the empirical findings, this study recommends that natural resources hedging, price freezing or ceiling, and promoting green innovation could be remedial measures to improve economic performance further and reduce natural resources price volatility in the region.