Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries
This study analyzes the influence of adequate electricity supply on the industrial sector in developing nations, utilizing panel data from 2000 to 2022. Contrary to original beliefs, the study examines industry output as the dependent variable, with renewable energy as the main explanatory factor....
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| Format: | Article |
| Language: | English |
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International Research Alliance for Sustainable Development - iRASD
2023-11-01
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| Series: | iRASD Journal of Energy & Environment |
| Subjects: | |
| Online Access: | https://internationalrasd.org/journals/index.php/jee/article/view/1916 |
| _version_ | 1797219433864757248 |
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| author | Muhammad Waseem Sania Batool |
| author_facet | Muhammad Waseem Sania Batool |
| author_sort | Muhammad Waseem |
| collection | DOAJ |
| description |
This study analyzes the influence of adequate electricity supply on the industrial sector in developing nations, utilizing panel data from 2000 to 2022. Contrary to original beliefs, the study examines industry output as the dependent variable, with renewable energy as the main explanatory factor. The study incorporated control variables such as CO2 emissions, government expenditure, GDP per capita, labor force participation, and gross capital formation. The investigation included panel Autoregressive Distributed Lag (ARDL) models, unit root tests, and causality tests. In emerging countries, industrial growth is positively impacted by government spending, labor force involvement, CO2 emissions, and GDP per capita. Developed countries demonstrate favorable impacts on industrial growth through gross fixed capital formation, renewable energy, and other factors, as indicated by the long-term outcomes of the ARDL method. Policymakers in developing nations may contemplate raising government spending in pertinent sectors, encouraging worker engagement, and enacting laws to decrease CO2 emissions based on these findings. Developed countries' authorities should prioritize improving gross fixed capital creation, integrating more renewable energy sources, and sustaining factors boosting industry growth.
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| first_indexed | 2024-03-07T16:27:12Z |
| format | Article |
| id | doaj.art-01e9673b8cad49eda6be93931cd05ea5 |
| institution | Directory Open Access Journal |
| issn | 2790-573X 2790-5748 |
| language | English |
| last_indexed | 2024-04-24T12:33:35Z |
| publishDate | 2023-11-01 |
| publisher | International Research Alliance for Sustainable Development - iRASD |
| record_format | Article |
| series | iRASD Journal of Energy & Environment |
| spelling | doaj.art-01e9673b8cad49eda6be93931cd05ea52024-04-07T12:29:42ZengInternational Research Alliance for Sustainable Development - iRASDiRASD Journal of Energy & Environment2790-573X2790-57482023-11-014210.52131/jee.2023.0402.0037Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income CountriesMuhammad Waseem0Sania Batool1Bahauddin Zakariya University, Multan, PakistanBahauddin Zakariya University, Multan, Pakistan This study analyzes the influence of adequate electricity supply on the industrial sector in developing nations, utilizing panel data from 2000 to 2022. Contrary to original beliefs, the study examines industry output as the dependent variable, with renewable energy as the main explanatory factor. The study incorporated control variables such as CO2 emissions, government expenditure, GDP per capita, labor force participation, and gross capital formation. The investigation included panel Autoregressive Distributed Lag (ARDL) models, unit root tests, and causality tests. In emerging countries, industrial growth is positively impacted by government spending, labor force involvement, CO2 emissions, and GDP per capita. Developed countries demonstrate favorable impacts on industrial growth through gross fixed capital formation, renewable energy, and other factors, as indicated by the long-term outcomes of the ARDL method. Policymakers in developing nations may contemplate raising government spending in pertinent sectors, encouraging worker engagement, and enacting laws to decrease CO2 emissions based on these findings. Developed countries' authorities should prioritize improving gross fixed capital creation, integrating more renewable energy sources, and sustaining factors boosting industry growth. https://internationalrasd.org/journals/index.php/jee/article/view/1916Renewable energy consumptionIndustry outputPanel ARDLHigh income developing countries |
| spellingShingle | Muhammad Waseem Sania Batool Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries iRASD Journal of Energy & Environment Renewable energy consumption Industry output Panel ARDL High income developing countries |
| title | Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries |
| title_full | Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries |
| title_fullStr | Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries |
| title_full_unstemmed | Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries |
| title_short | Green Energy and Environmental Impact on the Industrial Sector in 33 High-Income Countries |
| title_sort | green energy and environmental impact on the industrial sector in 33 high income countries |
| topic | Renewable energy consumption Industry output Panel ARDL High income developing countries |
| url | https://internationalrasd.org/journals/index.php/jee/article/view/1916 |
| work_keys_str_mv | AT muhammadwaseem greenenergyandenvironmentalimpactontheindustrialsectorin33highincomecountries AT saniabatool greenenergyandenvironmentalimpactontheindustrialsectorin33highincomecountries |