How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis
The purpose of study is to examine the long run association between energy consumption, environmental degradation and macroeconomic performance in selected developing countries. For this purpose, fifty developing countries are selected from 1990 to 2016. GDP and employment are taken as proxy variabl...
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| Format: | Article |
| Language: | English |
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CSRC Publishing
2020-09-01
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| Series: | Journal of Business and Social Review in Emerging Economies |
| Subjects: | |
| Online Access: | https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/1388 |
| _version_ | 1811264232971304960 |
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| author | Noreen Safdar |
| author_facet | Noreen Safdar |
| author_sort | Noreen Safdar |
| collection | DOAJ |
| description | The purpose of study is to examine the long run association between energy consumption, environmental degradation and macroeconomic performance in selected developing countries. For this purpose, fifty developing countries are selected from 1990 to 2016. GDP and employment are taken as proxy variables of macroeconomic performance while energy consumption, environmental degradation, labor force, gross capital formation, manufacturing value added, personal remittances received are GDP deflators are other variables. Homogenous panel causality testing is used for explanation of causal and effect linkage of energy consumption, environmental degradation and macroeconomic variables in all selected developing countries after the cross-sectional dependence test and Pedroni test for panel cointegration. The results reveal that there is cross sectional dependency among all variables in selected developing countries. It indicates that the fluctuation in one country will be transmitted to other country which reflects the effectiveness of developing countries collaborative development strategy. Pedroni test for Co-integration and kao test identifies the long run relationship between economic energy consumption, environmental degradation and macroeconomic performance in selected developing countries. |
| first_indexed | 2024-04-12T19:59:24Z |
| format | Article |
| id | doaj.art-cd729f7a48434c76b0698419624f8e6f |
| institution | Directory Open Access Journal |
| issn | 2519-089X 2519-0326 |
| language | English |
| last_indexed | 2024-04-12T19:59:24Z |
| publishDate | 2020-09-01 |
| publisher | CSRC Publishing |
| record_format | Article |
| series | Journal of Business and Social Review in Emerging Economies |
| spelling | doaj.art-cd729f7a48434c76b0698419624f8e6f2022-12-22T03:18:35ZengCSRC PublishingJournal of Business and Social Review in Emerging Economies2519-089X2519-03262020-09-0163How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An AnalysisNoreen Safdar0Assistant Professor, Department of Economics, The Women University Multan, PakistanThe purpose of study is to examine the long run association between energy consumption, environmental degradation and macroeconomic performance in selected developing countries. For this purpose, fifty developing countries are selected from 1990 to 2016. GDP and employment are taken as proxy variables of macroeconomic performance while energy consumption, environmental degradation, labor force, gross capital formation, manufacturing value added, personal remittances received are GDP deflators are other variables. Homogenous panel causality testing is used for explanation of causal and effect linkage of energy consumption, environmental degradation and macroeconomic variables in all selected developing countries after the cross-sectional dependence test and Pedroni test for panel cointegration. The results reveal that there is cross sectional dependency among all variables in selected developing countries. It indicates that the fluctuation in one country will be transmitted to other country which reflects the effectiveness of developing countries collaborative development strategy. Pedroni test for Co-integration and kao test identifies the long run relationship between economic energy consumption, environmental degradation and macroeconomic performance in selected developing countries.https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/1388Energy consumption, environmental degradation, GDP, employment, cointegration |
| spellingShingle | Noreen Safdar How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis Journal of Business and Social Review in Emerging Economies Energy consumption, environmental degradation, GDP, employment, cointegration |
| title | How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis |
| title_full | How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis |
| title_fullStr | How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis |
| title_full_unstemmed | How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis |
| title_short | How do Energy Consumption, Environmental Degradation and Macroeconomic Performance Cause in Developing Countries? An Analysis |
| title_sort | how do energy consumption environmental degradation and macroeconomic performance cause in developing countries an analysis |
| topic | Energy consumption, environmental degradation, GDP, employment, cointegration |
| url | https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/1388 |
| work_keys_str_mv | AT noreensafdar howdoenergyconsumptionenvironmentaldegradationandmacroeconomicperformancecauseindevelopingcountriesananalysis |