What determines environmental deficit in Asia? Embossing the role of renewable and non-renewable energy utilization

Muhammad Usman, Khaizran Khalid and Muhammad Abuzar Mehdi

Renewable Energy, 2021, vol. 168, issue C, 1165-1176

Abstract: Considering the sustainable development goals (SDGs) 7 and 13 of certain access to the reliable, renewable and clean energy technologies and climate action, this study explored the dynamic nexus between financial development, economic growth, non-renewable and renewable energy utilization, trade openness and ecological footprint by utilizing the second-generation panel data approach covering the period from 1990 to 2014 for 20 Asian economies. The inspection of cross-sectional dependency (CSD) tests confirmed the CSD exists across cross-sections. For this intention, the study employed the second-generation panel unit root tests, panel cointegration techniques, augmented mean group (AMG) approach for the estimation of long-run magnitude of the parameters. The empirical findings illustrate that economic growth and non-renewable energy utilization significantly accelerate the environmental deficit, while renewable energy utilization reduces the total environmental damages in the long-run. Furthermore, country-specific outcomes explore the influence of renewable and non-renewable energy utilization on ecological footprint varies in terms of their nature of association, influence in their magnitude and their significance level. Moreover, Dumitrescu and Hurlin (D-H) causality test discovered the feedback hypothesis between ecological footprint and financial development, economic growth, non-renewable and renewable energy utilization and trade openness. Finally, current study expresses the some vital policy implications for Asian countries.

Keywords: Ecological footprint; Non-renewable energy; Renewable energy; AMG estimator; Asian countries (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0960148121000161
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:renene:v:168:y:2021:i:c:p:1165-1176

DOI: 10.1016/j.renene.2021.01.012

Access Statistics for this article

Renewable Energy is currently edited by Soteris A. Kalogirou and Paul Christodoulides

More articles in Renewable Energy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().