Urbanization plays a crucial role in facilitating the integration of population growth, industrial development, economic expansion, and energy consumption. In this paper, we aim to examine the relationships between CO2 emissions and various factors including economic growth, urbanization, financial development, and energy consumption within Pakistan’s building sector. The study utilizes annual data spanning from 1990 to 2020. To analyze the cointegration relationship between these variables, we employ the quantile autoregressive distributed lag error correction model (QARDL-ECM). The findings of this research provide evidence supporting the presence of an asymmetric and nonlinear long-term relationship between the variables under investigation. Based on these results, we suggest the implementation of tariffs on nonrenewable energy sources and the formulation of policies that promote sustainable energy practices. By doing so, policymakers and architects can effectively contribute to minimising environmental damage. Overall, this study offers valuable insights that can assist policymakers and architects in making informed decisions to mitigate environmental harm while fostering sustainable development.
The maize commodity is of strategic significance to the South African economy as it is a stable commodity and therefore a key factor for food security. In recent times climate change has impacted on the productivity of this commodity and this has impacted trade negatively. This paper explores the intricate relationship between climatic factors and trade performance for the South African maize. Secondary annual time series data spanning 2001 to 2023, was sourced from an abstract from Department of Agriculture, Land Reform and Rural Development (DALRRD) and World Bank’s Climate Change Knowledge Portal. Autoregressive Distributed Lag (ARDL) cointegration technique was used as an empirical model to assess the long-term and short-term relationships between explanatory variables and the dependent variable. Results of the ARDL model show that, average annual rainfall (β = 2.184, p = 0.056), fertilizer consumption (β = 1.919, p = 0.036), gross value of production (β = 1.279 , p = 0.006) and average annual surface temperature (β = −0.650, p = 0.991) and change in temperature for previous years, (β = −0.650, p = 0.991) and the effects towards coefficient change for export volumes, (β = 0.669, p = 0.0007). In overall, as a recommendation, South African policymakers should consider these findings when developing strategies to mitigate the impacts of some of these climatic factors and implementing adaptive strategies for maize producers.
This study aims to explore the asymmetric impact of renewable energy on the sectoral output of the Indian economy by analyzing the time series data from 1971 to 2019. The nonlinear autoregressive distributed lag approach (NARDL) is employed to examine the short- and long-run relationships between the variables. Most studies focus on economic growth, ignoring sectoral dynamics. The result shows that the sectoral output shows a differential dynamism with respect to the type of energy source. For instance, agricultural output responds positively to the positive shock in renewable energy, whereas industry and service output behave otherwise. Since the latter sectors depend heavily on non-renewable energy sources, they behave positively towards them. Especially, electricity produced from non-renewable energy sources significantly influences service sector output. However, growing evidence across the world is portraying the strong relationship between the growth of renewable energy sources and economic growth. However sectoral dynamism is crucial to frame specific policies. In this regard, the present paper’s result indicates that policies related to promoting renewable energy sources will significantly influence sectoral output in the long run in India.
Due to the incapacity of families in Sub-Saharan African nations to satisfy basic necessities for home maintenance, this study is required to enable policy shifts in the area of consumption tax. The study looks at the impact of consumption taxes on the purchasing power of families in Sub-Saharan Africa, with an emphasis on Nigeria and Kenya. The datasets used for this inquiry range from 1994 to 2022. Among the factors are purchasing power parity (PPP), value added tax (VAT), and exchange rate. We obtained the statistics from the World Bank, the Central Banks of Nigeria and Kenya, the Federal Inland Revenue Service, and the Organization for Economic Co-operation and Development (OECD). The study used the autoregressive distributed lag (ARDL) model established by Pesaran et al. (2001). The findings reveal that the inclusion of VAT on the prices of products and services significantly harms households throughout Nigeria compared to those in Kenya. VAT has a significant negative impact on consumer purchasing power in Nigeria but has an immaterial negative impact on household spending capacity in Kenya. The influence of the currency rate is positive and beneficial in Nigeria, whereas it is negative but intangible in Kenya. Due to economic disparity, the report suggests policy reforms in favour of families. It is also suggested that the government develop additional work possibilities, diversify the economy, and give subsidies for basic housing necessities.
This study considers the relationship between investment in the manufacturing and processing industries and economic growth in Vietnam. This study applies an autoregressive distributed lag (ARDL) model to reassess the long- and short-term relationships between industrial investment and economic growth from 1998 to 2023. It has been found that in both the long and short term, investments in this sector have a positive and significant effect on economic growth. The results further show that labor negatively affects growth in the long run, but is favorable in the short run. The verdict for the role of exports is that more evidence is required before any conclusive analysis can be conducted. Reinvestment in the manufacturing and processing industries for further economic growth is evident in the foregoing analysis. On the other hand, this research provides insight into the optimization of the utilization of resources and future sustainability by the government.
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