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Can I read Exploring the Role of Fossil Fuels, Hydroelectricity Consumption, and Financial Sector in Ensuring Sustainable Economic Development in the Emerging Economy on EtoBox?
Exploring the Role of Fossil Fuels, Hydroelectricity Consumption, and Financial Sector in Ensuring Sustainable Economic Development in the Emerging Economy by Faisal, Faisal; Khan, Muhammad Numan; Pervaiz, Ruqiya; Muhamad, Peshraw Majid; Rashdan, Mohammad Othman Jamil is a Environmental Science article available to read on EtoBox.
What is Exploring the Role of Fossil Fuels, Hydroelectricity Consumption, and Financial Sector in Ensuring Sustainable Economic Development in the Emerging Economy about?
This study is conducted to address the research question of whether hydroelectricity and fossil fuels contribute to sustainable economic development in an emerging economy in this era of globalization? Further, this study applies the novel approach of Harvey unit root test which is a linearity test to predict the possible existence of non-linearity. The results confirmed that the majority of the series in this study are linear. Furthermore, the two break test is applied to investigate the integration sequence of the series. The bounds test approach confirms the existence of a long-run association among the variables. Additionally, the long-run relationship is analysed within the framework of the ARDL approach. Financial development, fossil fuel, and capital positively contribute to economic development, while the effect of hydroelectricity is insignificant. Moreover, globalization effects GDP negatively. The symmetric causality suggests a uni-directional causal movement from hydroelectricity consumption and globalization towards GDP. The outcome of the study emphasizes the importance of renewable sources such as hydropower energy for ensuring sustainable development in the presence
Who reads Exploring the Role of Fossil Fuels, Hydroelectricity Consumption, and Financial Sector in Ensuring Sustainable Economic Development in the Emerging Economy?
It is typically read by researchers, students, and practitioners in Environmental Science.
- Author
- Faisal, Faisal; Khan, Muhammad Numan; Pervaiz, Ruqiya; Muhamad, Peshraw Majid; Rashdan, Mohammad Othman Jamil
- Publisher
- Springer-Verlag; Springer Verlag; Springer Science and Business Media LLC; Publons; Society for Mining, Metallurgy and Exploration Inc. (ISSN 0944-1344)
- Published
- 2020
- Language
- EN
- Field
- Environmental Science (Physical Sciences)