Asymmetric macroeconomic determinants of renewable energy consumption: do financial institutions and ICT trade matter?

doi:10.1007/s11356-022-22816-0

	Asymmetric macroeconomic determinants of renewable energy consumption: do financial institutions and ICT trade matter?
	Wang, Lei 4; Huang, Yingliang 3; Ghafoor, Abdul 2; Hafeez, Muhammad 2; Salahodjaev, Raufhon 1
刊名	ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
	2022-09-05
关键词	Financial institutions ICT trade Renewable energy consumption
ISSN号	0944-1344
DOI	10.1007/s11356-022-22816-0
通讯作者	Huang, Yingliang(ylhuang@iim.ac.cn)
英文摘要	This study aims to examine the asymmetric impact of financial institutions and information and communication technologies (ICT) trade on renewable energy demand in BRICS economies by using the cross-sectionally augmented nonlinear autoregressive distributed lag model. The asymmetric estimates of the financial institutions index confirm that a positive shock increases renewable energy consumption, and a negative shock reduces renewable energy consumption in BRICS economies. Similarly, the long-run asymmetric estimates attached to ICT trade are positively significant, confirming that a positive shock increases renewable energy consumption and a negative shock hurts renewable energy consumption. As far as country-wise estimates are concerned, the long-run asymmetric estimates of financial institutions are significant in Brazil, Russia, China, and South Africa. Similarly, the asymmetric estimates attached to ICT trade are significant in Russia, China, India, and South Africa. The results are asymmetric in nature, implying that negative and positive shocks have different effects on renewable energy consumption. Therefore, policymakers should consider both negative and positive shocks in financial institutions and ICT trade while devising policies regarding environmental sustainability and renewable energy consumption.
WOS关键词	ECONOMIC-GROWTH ; EMISSIONS ; REMOVAL ; DEMAND ; SECTOR ; IMPACT ; NEXUS
WOS研究方向	Environmental Sciences & Ecology
语种	英语
出版者	SPRINGER HEIDELBERG
WOS记录号	WOS:000849679500001
内容类型	期刊论文
源URL	[http://ir.hfcas.ac.cn:8080/handle/334002/131922]
专题	中国科学院合肥物质科学研究院
通讯作者	Huang, Yingliang
作者单位	1.Tashkent State Univ Econ, Dept Math Methods Econ, Tashkent, Uzbekistan 2.Univ Agr Faisalabad, Inst Business Management Sci, Faisalabad, Pakistan 3.Chinese Acad Sci, HFIPS, Inst Intelligent Machines, Hefei 230031, Peoples R China 4.Guilin Univ Elect Technol, Business Sch, Guilin, Guangxi, Peoples R China
推荐引用方式 GB/T 7714	Wang, Lei,Huang, Yingliang,Ghafoor, Abdul,et al. Asymmetric macroeconomic determinants of renewable energy consumption: do financial institutions and ICT trade matter?[J]. ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH,2022.
APA	Wang, Lei,Huang, Yingliang,Ghafoor, Abdul,Hafeez, Muhammad,&Salahodjaev, Raufhon.(2022).Asymmetric macroeconomic determinants of renewable energy consumption: do financial institutions and ICT trade matter?.ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH.
MLA	Wang, Lei,et al."Asymmetric macroeconomic determinants of renewable energy consumption: do financial institutions and ICT trade matter?".ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH (2022).