The role of biomass energy consumption and economic complexity on environmental sustainability in G7 economies

This paper empirically examines the effect of biomass energy consumption and economic complexity on environmental sustainability in G7 economies. The current study attempts to report a comprehensive analysis of biomass energy and economic complexity on ecological and carbon footprints and carbon emissions. We employ data from 1990 to 2019 and adopt robust panel econometric techniques that account for the analysis's cross-sectional dependence. We conduct cointegration analysis, pooled ordinary least squares (OLS), system generalized method of moments (GMM) and conditional quantile model for our empirical analysis. The empirical findings show that both biomass energy consumption and economic complexity are detrimental to the ecological footprint and carbon footprint. Additionally, we find that globalization positively affects the environment, while we find some evidence that bureaucratic quality improves environmental quality. Finally, in line with other research, we find that economic growth has detrimental effects on the environment. Our results suggest that policymakers should be more cautious in promoting biomass as a clean energy source and that the G7 economies should take advantage of their leading position in innovation to invest more in sustainable practices and investment.     

Impact of energy infrastructure investments on renewable electricity generation in major Asian developing economies

The prime objective of this research is to empirically investigate the impact of energy infrastructure investments (public-private-partnership) on renewable electricity generation in major Asian developing economies (China, India, Indonesia, Malaysia, Pakistan, the Philippines, and Thailand). In doing so, we use the annual data of variables from 1993 to 2017. To achieve the study objective, the authors employ numerous panel econometric approaches such as the Grouped-Mean and Augmented Mean Group estimators. The overall conclusion of the findings is that investments in energy infrastructure play a significant role in promoting renewable electricity generation in Asian developing economies. The results also reveal that financial development, economic development, and openness further rise renewable electricity generation. Based on the findings, the authors attempted to provide novel implications for the promotion of energy infrastructure investments and sustainable development policies for the Asian developing economies. For instance, the authors suggest that governments and policy makers should realise the significance of greener energy and promote investments via public-private partnerships for renewable energy projects.     

An empirical investigation of tourism-led growth hypothesis in the European countries: evidence from augmented mean group estimator

Portuguese Economic Journal - Due to urbanization and the need for people to go from one country to another either for commercial purpose or tourism, it is therefore important to determine the...