Yazar "Radulescu, Magdalena" 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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    Revealing the dynamic effects of fossil fuel energy, nuclear energy, renewable energy, and carbon emissions on Pakistan's economic growth
    (Springer Heidelberg, 2022) Rehman, Abdul; Ma, Hengyun; Ozturk, Ilhan; Radulescu, Magdalena
    The primary goal of this study was to examine the relationship between fossil fuel energy, electricity production from nuclear sources, renewable energy, CO2 emissions, and economic growth in Pakistan. Data ranging from 1975 to 2019 were utilized, and the stationarity of this data was verified through the unit root testing. The dynamic connections between variables were investigated by utilizing the linear autoregressive distributed lag technique. Long-run analysis results uncover that fossil fuel energy, renewable energy use, CO2 emissions, and GDP per capita have a productive relationship with economic progress in Pakistan, whereas electric power consumption, electricity produced from nuclear sources, and energy utilization have an adverse effect on economic growth. Furthermore, the consequences revealed that fossil fuel energy, renewable energy consumption, carbon dioxide emissions, and GDP per capita have a significant linkage to Pakistan's economic growth via short run, whereas we revealed that the variables electric power consumption, electricity produced from nuclear sources, and energy usage have an adversative linkage to Pakistan's economic growth. Feasible progressive policies are required from the Pakistani government to pay more attention for tackling the energy and power sectors' issues in terms of fulfilling the country's energy requirements.
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    Symmetric and Asymmetric Impacts of Commercial Energy Distribution from Key Sources on Economic Progress in Pakistan
    (MDPI, 2021) Rehman, Abdul; Ozcan, Rasim; Badshah, Waqar; Radulescu, Magdalena; Ozturk, Ilhan
    This paper aims to determine the interaction of commercial energy distribution, including the installed capacity of hydroelectric energy, hydroelectric energy generation, the installed capacity of thermal energy, thermal energy generation, the installed capacity of nuclear energy, and nuclear energy generation, with economic progress in Pakistan over the 1970-2019 period. Both linear and non-linear autoregressive distributed lag models were used to ascertain the symmetric and asymmetric short- and long-run effects. The findings from the linear autoregressive distributed lag model analysis revealed evidence that increases in the installed capacity of nuclear energy, alongside higher levels of hydroelectric energy generation and thermal energy generation, have positively affected economic growth in the short run, while a greater installed capacity of nuclear energy has positively affected economic growth in the long run. The findings from the non-linear autoregressive distributed lag model analysis showed that negative shocks to installed capacities related to hydroelectric, thermal, and nuclear energy reduced economic growth, while positive shocks to hydroelectric energy generation and the installed capacity of nuclear energy boosted economic growth in the short run. Furthermore, in the long run, negative shocks to the installed capacities of hydroelectric and thermal energy reduced economic growth, negative shocks to the installed capacity of nuclear energy enhanced economic growth, and positive shocks to hydroelectric energy generation and the installed capacity of nuclear energy have stimulated economic growth in Pakistan.