Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe

Data from a survey of 21 European nations from 2006 to 2018 investigates the relationship between economic development and carbon dioxide emissions. The PCA of normalised factors is used to create three quantitative measures for financial intermediation dependent on the results of the study. When es...

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Tác giả chính:	Hongying Liu
Đồng tác giả:	Kuan-Ting Wang
Định dạng:	Journal Article
Ngôn ngữ:	English
Thông tin xuất bản:	Frontiers Media S.A. 2022
Chủ đề:	Carbon dioxide emissions Economic development Green economy Europe Econometric analysis
Truy cập trực tuyến:	https://digital.lib.ueh.edu.vn/handle/UEH/65248 https://doi.org/10.3389/fenrg.2022.860427
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spelling	oai:localhost:UEH-652482022-10-27T02:33:54Z Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe Hongying Liu Kuan-Ting Wang Khurshid Khudoykulov Tran Duc Tai Ngo Quang Thanh Thi Thu Hien Phan Carbon dioxide emissions Economic development Green economy Europe Econometric analysis Data from a survey of 21 European nations from 2006 to 2018 investigates the relationship between economic development and carbon dioxide emissions. The PCA of normalised factors is used to create three quantitative measures for financial intermediation dependent on the results of the study. When estimating the framework, we used the Hoechle method, which generates systematic deviation for linear panel styles that really are not homoskedasticity coherent and moreover resistant to broad types of cross-sectional dependency. We observe that earnings, resource utilization, industrialization, urbanisation, foreign direct investment, and the banking system all seem to have contributed to increased carbon dioxide emissions in the area. However, greater economic access appears to have resulted in a reduction in greenhouse gas emissions. In terms of quality, the results are resilient to a variety of alternative proxies for financial inclusions as well as acceptable changes to the conceptual framework. According to the empirical findings, there are currently no regulatory interactions linking increasing economic development and reducing carbon dioxide emissions at the national level. As a result, economic growth should be incorporated into the implementation of sustainable green economy plans at the municipal, provincial, and city levels, particularly to counteract the documented detrimental impact of higher carbon dioxide emissions associated with increased financial inclusion.Data from a survey of 21 European nations from 2006 to 2018 investigates the relationship between economic development and carbon dioxide emissions. The PCA of normalised factors is used to create three quantitative measures for financial intermediation dependent on the results of the study. When estimating the framework, we used the Hoechle method, which generates systematic deviation for linear panel styles that really are not homoskedasticity coherent and moreover resistant to broad types of cross-sectional dependency. We observe that earnings, resource utilization, industrialization, urbanisation, foreign direct investment, and the banking system all seem to have contributed to increased carbon dioxide emissions in the area. However, greater economic access appears to have resulted in a reduction in greenhouse gas emissions. In terms of quality, the results are resilient to a variety of alternative proxies for financial inclusions as well as acceptable changes to the conceptual framework. According to the empirical findings, there are currently no regulatory interactions linking increasing economic development and reducing carbon dioxide emissions at the national level. As a result, economic growth should be incorporated into the implementation of sustainable green economy plans at the municipal, provincial, and city levels, particularly to counteract the documented detrimental impact of higher carbon dioxide emissions associated with increased financial inclusion. 2022-10-27T02:33:54Z 2022-10-27T02:33:54Z 2022 Journal Article 2296-598X (Online) https://digital.lib.ueh.edu.vn/handle/UEH/65248 https://doi.org/10.3389/fenrg.2022.860427 en Frontiers in Energy Research none Portable Document Format (PDF) Frontiers Media S.A.
institution	Đại học Kinh tế Thành phố Hồ Chí Minh
collection	DSpaceUEH
language	English
topic	Carbon dioxide emissions Economic development Green economy Europe Econometric analysis
spellingShingle	Carbon dioxide emissions Economic development Green economy Europe Econometric analysis Hongying Liu Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
description	Data from a survey of 21 European nations from 2006 to 2018 investigates the relationship between economic development and carbon dioxide emissions. The PCA of normalised factors is used to create three quantitative measures for financial intermediation dependent on the results of the study. When estimating the framework, we used the Hoechle method, which generates systematic deviation for linear panel styles that really are not homoskedasticity coherent and moreover resistant to broad types of cross-sectional dependency. We observe that earnings, resource utilization, industrialization, urbanisation, foreign direct investment, and the banking system all seem to have contributed to increased carbon dioxide emissions in the area. However, greater economic access appears to have resulted in a reduction in greenhouse gas emissions. In terms of quality, the results are resilient to a variety of alternative proxies for financial inclusions as well as acceptable changes to the conceptual framework. According to the empirical findings, there are currently no regulatory interactions linking increasing economic development and reducing carbon dioxide emissions at the national level. As a result, economic growth should be incorporated into the implementation of sustainable green economy plans at the municipal, provincial, and city levels, particularly to counteract the documented detrimental impact of higher carbon dioxide emissions associated with increased financial inclusion.Data from a survey of 21 European nations from 2006 to 2018 investigates the relationship between economic development and carbon dioxide emissions. The PCA of normalised factors is used to create three quantitative measures for financial intermediation dependent on the results of the study. When estimating the framework, we used the Hoechle method, which generates systematic deviation for linear panel styles that really are not homoskedasticity coherent and moreover resistant to broad types of cross-sectional dependency. We observe that earnings, resource utilization, industrialization, urbanisation, foreign direct investment, and the banking system all seem to have contributed to increased carbon dioxide emissions in the area. However, greater economic access appears to have resulted in a reduction in greenhouse gas emissions. In terms of quality, the results are resilient to a variety of alternative proxies for financial inclusions as well as acceptable changes to the conceptual framework. According to the empirical findings, there are currently no regulatory interactions linking increasing economic development and reducing carbon dioxide emissions at the national level. As a result, economic growth should be incorporated into the implementation of sustainable green economy plans at the municipal, provincial, and city levels, particularly to counteract the documented detrimental impact of higher carbon dioxide emissions associated with increased financial inclusion.
author2	Kuan-Ting Wang
author_facet	Kuan-Ting Wang Hongying Liu
format	Journal Article
author	Hongying Liu
author_sort	Hongying Liu
title	Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
title_short	Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
title_full	Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
title_fullStr	Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
title_full_unstemmed	Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe
title_sort	does economic development impact co2 emissions and energy efficiency performance? fresh evidences from europe
publisher	Frontiers Media S.A.
publishDate	2022
url	https://digital.lib.ueh.edu.vn/handle/UEH/65248 https://doi.org/10.3389/fenrg.2022.860427
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Does economic development impact CO2 emissions and energy efficiency performance? Fresh evidences from Europe

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