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The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries

A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comp...

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Main Authors: Dilanchiev, Azer, Arshian, Sharif *, Ayad, Hicham, Nuta, Alina Cristina
Format: Article
Published: Springer 2024
Subjects:
HC Economic History and Conditions
HG Finance
Online Access:http://eprints.sunway.edu.my/2612/
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spelling my.sunway.eprints.26122024-05-16T01:22:11Z http://eprints.sunway.edu.my/2612/ The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries Dilanchiev, Azer Arshian, Sharif * Ayad, Hicham Nuta, Alina Cristina HC Economic History and Conditions HG Finance A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comparative approach of Pooled Mean Group Auto Regressive Distribute Lags (PMG-ARDL) and Cross Sectionally ARDL (CS-ARDL) to estimate the effects of FDI, renewable energy, and remittance on environmental quality in the top remittance-receiving countries, during 2000–2021. The study emphasized the positive relationship between FDI and carbon emissions. Moreover, renewable energy and remittances revealed an inverted U-shaped relationship with carbon emissions. In the case of developing countries from the panel, remittance improves environmental quality after reaching the threshold. Moreover, for some of the developing countries included in the panel, we found that they do not achieve the desired carbon mitigation effect in their early stages of renewable energy implementation. However, renewable energy becomes a key factor for tackling environmental pollution after a certain threshold. The mixed results determined diverse policy recommendations for various stakeholders. Springer 2024 Article PeerReviewed Dilanchiev, Azer and Arshian, Sharif * and Ayad, Hicham and Nuta, Alina Cristina (2024) The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries. Environmental Science and Pollution Research, 31. pp. 14912-14926. ISSN 0944-1344 10.1007/s11356-024-32150-2
institution Sunway University
building Sunway Campus Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Sunway University
content_source Sunway Institutional Repository
url_provider http://eprints.sunway.edu.my/
topic HC Economic History and Conditions
HG Finance
spellingShingle HC Economic History and Conditions
HG Finance
Dilanchiev, Azer
Arshian, Sharif *
Ayad, Hicham
Nuta, Alina Cristina
The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
description A country’s financing system is essential in addressing sustainable development requirements. National sources and international financial flows contribute to economic growth and environmental quality in many ways, and their impact can be critical. This paper applied panel data analysis using a comparative approach of Pooled Mean Group Auto Regressive Distribute Lags (PMG-ARDL) and Cross Sectionally ARDL (CS-ARDL) to estimate the effects of FDI, renewable energy, and remittance on environmental quality in the top remittance-receiving countries, during 2000–2021. The study emphasized the positive relationship between FDI and carbon emissions. Moreover, renewable energy and remittances revealed an inverted U-shaped relationship with carbon emissions. In the case of developing countries from the panel, remittance improves environmental quality after reaching the threshold. Moreover, for some of the developing countries included in the panel, we found that they do not achieve the desired carbon mitigation effect in their early stages of renewable energy implementation. However, renewable energy becomes a key factor for tackling environmental pollution after a certain threshold. The mixed results determined diverse policy recommendations for various stakeholders.
format Article
author Dilanchiev, Azer
Arshian, Sharif *
Ayad, Hicham
Nuta, Alina Cristina
author_facet Dilanchiev, Azer
Arshian, Sharif *
Ayad, Hicham
Nuta, Alina Cristina
author_sort Dilanchiev, Azer
title The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
title_short The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
title_full The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
title_fullStr The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
title_full_unstemmed The interaction between remittance, FDI, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
title_sort interaction between remittance, fdi, renewable energy, and environmental quality: a panel data analysis for the top remittance-receiving countries
publisher Springer
publishDate 2024
url http://eprints.sunway.edu.my/2612/
_version_ 1800100326679773184
score 13.211869

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