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The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan

2018
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Release : 2018
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Book Synopsis The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan by : Muhammad Tariq

Download or read book The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan written by Muhammad Tariq. This book was released on 2018. Available in PDF, EPUB and Kindle. Book excerpt: Energy policy has been important strand in the view of economists in achieving rapid development process of any country. Recent wave of globalization exert pressure on energy consumption via financial development and ultimately vindicates economic growth. The study has covered the period of 1976-2015 using annual data for the empirical analysis and constructed a growth equation as the main equation and the energy consumption equation as a channel equation. The empirical investigation has been undertaken by performing Autoregressive Distributed Lag (ARDL) and Nonlinear Autoregressive Distributed Lag (NARDL) techniques. The result of bound tests suggested that there is long run relationship in both channels. In long run energy consumption and economic globalization has significant positive effect on economic growth whereas the financial development has no effect on the economic growth of Pakistan. Long run results of channel equation suggests that increasing price of crude oil leads to decrease in energy consumption and the increasing imports of energy products and increasing urbanization are conducive for energy consumption in Pakistan. On the basis of NARDL model, our empirical findings provide strong support for the presence of asymmetric co-integration relationship among underlying variables of study.

Energy-Growth Nexus in an Era of Globalization

2021-11-12 Technology & Engineering
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Release : 2021-11-12
Genre : Technology & Engineering
Kind : eBook
Book Rating : 410/5 ( reviews)

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Book Synopsis Energy-Growth Nexus in an Era of Globalization by : Muhammad Shahbaz

Download or read book Energy-Growth Nexus in an Era of Globalization written by Muhammad Shahbaz. This book was released on 2021-11-12. Available in PDF, EPUB and Kindle. Book excerpt: Energy Growth Nexus in an era of Globalization reviews current research and practical policy considerations reflective of the ongoing transformation, covering four broad globalization themes from existing research literature: energy consumption, renewable energy consumption, financial markets and energy markets. Within these themes, contributors evaluate transformations in the energy-growth association relating to economic slowdowns, trade patterns, impacts of globalization, cross-border technological spillovers, changes in the risk profile of the countries, advent of Sustainable Development Goals (SDGs), changes in the pattern of cross-border labor force migration, and rising environmental awareness, among many other considerations. Policymakers, energy economists, and energy researchers in a range of connected disciplines will find this to be a great resource on the energy growth sector. - Addresses globalization relating to energy consumption, environmental quality, econometrics and energy markets - Demonstrates how to design effective energy and environmental policies in a rapidly globalizing world within a Sustainable Development Goals (SDGs) framework - Reviews open research questions relevant to energy-growth nexus so policymakers can bring forth socioeconomic stability

Fiscal Policies for Development and Climate Action

2018-12-31 Business & Economics
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Release : 2018-12-31
Genre : Business & Economics
Kind : eBook
Book Rating : 580/5 ( reviews)

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Book Synopsis Fiscal Policies for Development and Climate Action by : Miria A. Pigato

Download or read book Fiscal Policies for Development and Climate Action written by Miria A. Pigato. This book was released on 2018-12-31. Available in PDF, EPUB and Kindle. Book excerpt: This report provides actionable advice on how to design and implement fiscal policies for both development and climate action. Building on more than two decades of research in development and environmental economics, it argues that well-designed environmental tax reforms are especially valuable in developing countries, where they can reduce emissions, increase domestic revenues, and generate positive welfare effects such as cleaner water, safer roads, and improvements in human health. Moreover, these reforms need not harm competitiveness. New empirical evidence from Indonesia and Mexico suggests that under certain conditions, raising fuel prices can actually increase firm productivity. Finally, the report discusses the role of fiscal policy in strengthening resilience to climate change. It provides evidence that preventive public investments and measures to build fiscal buffers can help safeguard stability and growth in the face of rising climate risks. In this way, environmental tax reforms and climate risk-management strategies can lay the much-needed fiscal foundation for development and climate action.

The Long Shadow of Informality

2022-02-09 Business & Economics
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Release : 2022-02-09
Genre : Business & Economics
Kind : eBook
Book Rating : 545/5 ( reviews)

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Book Synopsis The Long Shadow of Informality by : Franziska Ohnsorge

Download or read book The Long Shadow of Informality written by Franziska Ohnsorge. This book was released on 2022-02-09. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.

Festschrift in Honor of Peter Schmidt

2014-03-15 Business & Economics
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Release : 2014-03-15
Genre : Business & Economics
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Book Rating : 083/5 ( reviews)

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Book Synopsis Festschrift in Honor of Peter Schmidt by : Robin C. Sickles

Download or read book Festschrift in Honor of Peter Schmidt written by Robin C. Sickles. This book was released on 2014-03-15. Available in PDF, EPUB and Kindle. Book excerpt: From the Introduction: This volume is dedicated to the remarkable career of Professor Peter Schmidt and the role he has played in mentoring us, his PhD students. Peter’s accomplishments are legendary among his students and the profession. Each of the papers in this Festschrift is a research work executed by a former PhD student of Peter’s, from his days at the University of North Carolina at Chapel Hill to his time at Michigan State University. Most of the papers were presented at The Conference in Honor of Peter Schmidt, June 30 - July 2, 2011. The conference was largely attended by his former students and one current student, who traveled from as far as Europe and Asia to honor Peter. This was a conference to celebrate Peter’s contribution to our contributions. By “our contributions” we mean the research papers that make up this Festschrift and the countless other publications by his students represented and not represented in this volume. Peter’s students may have their families to thank for much that is positive in their lives. However, if we think about it, our professional lives would not be the same without the lessons and the approaches to decision making that we learned from Peter. We spent our days together at Peter’s conference and the months since reminded of these aspects of our personalities and life goals that were enhanced, fostered, and nurtured by the very singular experiences we have had as Peter’s students. We recognized in 2011 that it was unlikely we would all be together again to celebrate such a wonderful moment in ours and Peter’s lives and pledged then to take full advantage of it. We did then, and we are now in the form of this volume.

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