Dilanchiev, Azer and Arshian, Sharif * and Ayad, Hicham and Nuta, Alina Cristina (2024) The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries. Environmental Science and Pollution Research, 31. pp. 14912-14926. ISSN 0944-1344
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A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comparative approach of Pooled Mean Group Auto Regressive Distribute Lags (PMG-ARDL) and Cross Sectionally ARDL (CS-ARDL) to estimate the effects of FDI, renewable energy, and remittance on environmental quality in the top remittance-receiving countries, during 2000–2021. The study emphasized the positive relationship between FDI and carbon emissions. Moreover, renewable energy and remittances revealed an inverted U-shaped relationship with carbon emissions. In the case of developing countries from the panel, remittance improves environmental quality after reaching the threshold. Moreover, for some of the developing countries included in the panel, we found that they do not achieve the desired carbon mitigation effect in their early stages of renewable energy implementation. However, renewable energy becomes a key factor for tackling environmental pollution after a certain threshold. The mixed results determined diverse policy recommendations for various stakeholders.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | carbon emissions; economic growth; financial expansion; |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| Divisions: | Others > Non Sunway Academics Sunway University > Sunway Business School [formerly Sunway University Business School until 2023] > Dept. Economics & Finance |
| Depositing User: | Ms Yong Yee Chan |
| Related URLs: | |
| Date Deposited: | 16 May 2024 01:22 |
| Last Modified: | 16 May 2024 01:22 |
| URI: | http://eprints.sunway.edu.my/id/eprint/2612 |
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