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Do circular economy, renewable energy, industrialization, and globalization influence environmental indicators in belt and road initiative countries?
Karimi Alavijeh, Nooshin; Saboori, Behnaz; Dehdar, Fatemeh; Koengkan, Matheus; Radulescu, Magdalena.
Afiliación
  • Karimi Alavijeh N; Department of Economics, Faculty of Economics and Administrative Sciences, Ferdowsi University of Mashhad, Mashhad, Iran. n.karimialavijeh@mail.um.ac.ir.
  • Saboori B; Department of Natural Resource Economics, College of Agricultural and Marine Sciences, Sultan Qaboos University, Muscat, Oman.
  • Dehdar F; Faculty of Economics, University of Coimbra, Coimbra, Portugal.
  • Koengkan M; University of Coimbra Institute for Legal Research (UCILeR), University of Coimbra, 3000-018, Coimbra, Portugal.
  • Radulescu M; Department of Finance, Accounting, and Economics, University of Pitesti, Pitesti, Romania.
Environ Sci Pollut Res Int ; 31(29): 42111-42132, 2024 Jun.
Article en En | MEDLINE | ID: mdl-38862803
ABSTRACT
This paper is the first comprehensive research to examine the effect of circular economy on environment employing two environmental degradation indicators (CO2 emissions, ecological footprint) and one environmental quality indicator (load capacity factor) for 57 Belt and Road Initiative (BRI) countries during 2000-2019. The effect of other variables such as renewable energy, industrialization, and globalization was also controlled. The study applied the cross-sectional autoregressive distributed lag method (CS-ARDL), the augmented mean group (AMG), and common correlated effects mean group (CCEMG) methods as a robustness checks. The empirical findings reveal that circular economy and renewable energy have pro-environmental effects by decreasing carbon emissions and ecological footprint and increasing the load capacity factor in BRI countries. However, industrialization and globalization have detrimental effects on the environment. The result of causality shows a bidirectional causality between renewable energy, circular economy, industrialization, and three environmental indicators, but the relationship of globalization with CO2 emissions and the load capacity factor is unidirectional and with the ecological footprint is bidirectional. All the results are confirmed by the robustness tests. The study suggests policy implications for the BRI government.
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Internacionalidad / Energía Renovable Idioma: En Revista: Environ Sci Pollut Res Int Asunto de la revista: SAUDE AMBIENTAL / TOXICOLOGIA Año: 2024 Tipo del documento: Article País de afiliación: Irán Pais de publicación: Alemania
Texto completo
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Texto completo: 1 Colección: 01-internacional Base de datos: MEDLINE Asunto principal: Internacionalidad / Energía Renovable Idioma: En Revista: Environ Sci Pollut Res Int Asunto de la revista: SAUDE AMBIENTAL / TOXICOLOGIA Año: 2024 Tipo del documento: Article País de afiliación: Irán Pais de publicación: Alemania