Yazar "Abbasi, Kashif Raza" seçeneğine göre listele

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    Asymmetric impact of renewable and non-renewable energy on the industrial sector in Pakistan: Fresh evidence from Bayesian and nonlinear ARDL
    (Pergamon-Elsevier Science Ltd, 2022) Abbasi, Kashif Raza; Hussain, Khadim; Radulescu, Magdalena; Ozturk, Ilhan
    For the last two decades, Pakistan has faced various economic obstacles, the most significant of which is the sluggish pace of industrial expansion caused by the energy crisis. To close this gap, Pakistan's government has made several efforts to save energy and lower the country's power shortage in recent years. To bridge this gap, we concentrate on a few key drivers to demonstrate vibrant recommendations and evidence to policymakers. In this context, the study investigates the asymmetric relationship between renewable energy consumption (REC), non-renewable energy (NRE), terrorism, inflation, and international trade in the industrial sector from 1970 to 2018 in Pakistan. We employed a novel co-integration approach known as a Nonlinear Autoregressive Distributed Lag (NARDL) model with the Bayesian approach. The results show that the industrial sector is increasing due to positive shocks in REC, whereas negative shock in REC decreases significantly at a 5% level. Additionally, NRE, terrorism, and inflation are positive and have a long-term substantial effect on the industrial sector. The results suggest that the most effective strategy for Pakistan is to combat terrorism and vigorously promote renewable energy, highlighting its advantages to the environment and industrial development while avoiding non-renewable resources. (C) 2022 Elsevier Ltd. All rights reserved.
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    Does natural resources depletion and economic growth achieve the carbon neutrality target of the UK? A way forward towards sustainable development
    (Elsevier Sci Ltd, 2021) Abbasi, Kashif Raza; Hussain, Khadim; Radulescu, Magdalena; Ozturk, Ilhan
    Environmental sustainability is primarily related to using various natural resources for the economic, energy, and industrial activity. Therefore, it is worthwhile to examine the impact of the natural resource depletion (NRD), energy use (EU), economic growth (EG), population growth (PG) and industrial value added (IVA) on the CO2 emissions during 1970-2019 for the United Kingdom (UK). The study employs a novel environmental sustainability estimation approach employing a dynamic Autoregressive-Distributed-Lag (ARDL) model to analyze the positive and negative shock in short run and in the long run for the selected determinants. Also, Frequency Domain Causality (FDC) has been applied for robustness check. Empirical findings show that EG, IVA and NRD substantially stimulate CO2 emissions in short run, while EU, IVA and PG boost the environmental sustainability in the long run. The FDC outcome also supports the hypothesis of long, medium, and short-run causality. As for policy recommendations, we propose that the UK government should consider these factors by introducing a new long-term environmental strategy to reach the carbon neutrality point.
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    The role role of Financial Development and Technological Innovation towards Sustainable Development in Pakistan: Fresh insights from consumption and territory-based emissions
    (Elsevier Science Inc, 2022) Abbasi, Kashif Raza; Hussain, Khadim; Haddad, Akram Masoud; Salman, Asma; Ozturk, Ilhan
    In the contemporary world, environmental problems are a major human concern. The status of the environment and its management are prerequisites for every country's sustainable development. Following the Paris Climate Summit (COP21), Pakistan has amplified its efforts to address environmental issues. In this pursuit, this study aims to provide a new perspective by examining the impact of economic globalization, financial development, energy use, economic development and technological innovation with consumption and territory-based emissions from 1990Q1 to 2019Q4 in Pakistan. The study used Dynamic Autoregressive-Distributed Lag (ARDL) simulations and Frequency Domain Causality (FDC) methods. The empirical evidence reveals that financial and economic development stimulate both consumption and territory-based emissions in the short and long run. However, energy use intensifies consumption and territory-based emissions only in the long run. Also, in the short-run economic globalization adversely affects consumption and territory-based emissions while in the long run rises just consumption-based emissions. However, technological innovations decrease both emissions substantially in the long term. Finally, FDC outcomes endorsed the hypothesis. The study suggests that policymakers discourage non-renewables and increase renewable energy use to decrease consumption and territory-based emissions. The results would help Pakistan reach more eco-friendly energy technologies and a more sustainable energy environment to accomplish SDG 7 and 13 goals.