The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan write by Muhammad Tariq. This book was released on 2018. The Dirty Energy Dilemma Via Financial Development and Economic Globalization in Pakistan available in PDF, EPUB and Kindle. 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.
The Long Shadow of Informality
The Long Shadow of Informality - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Long Shadow of Informality write by Franziska Ohnsorge. This book was released on 2022-02-09. The Long Shadow of Informality available in PDF, EPUB and Kindle. 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.
Energy-Growth Nexus in an Era of Globalization
Energy-Growth Nexus in an Era of Globalization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Energy-Growth Nexus in an Era of Globalization write by Muhammad Shahbaz. This book was released on 2021-11-12. Energy-Growth Nexus in an Era of Globalization available in PDF, EPUB and Kindle. 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
Fiscal Policies for Development and Climate Action - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Fiscal Policies for Development and Climate Action write by Miria A. Pigato. This book was released on 2018-12-31. Fiscal Policies for Development and Climate Action available in PDF, EPUB and Kindle. 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.
Emerging Market Economies and Financial Globalization
Emerging Market Economies and Financial Globalization - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Emerging Market Economies and Financial Globalization write by Leonardo E. Stanley. This book was released on 2018-03-15. Emerging Market Economies and Financial Globalization available in PDF, EPUB and Kindle. In the past, foreign shocks arrived to national economies mainly through trade channels, and transmissions of such shocks took time to come into effect. However, after capital globalization, shocks spread to markets almost immediately. Despite the increasing macroeconomic dangers that the situation generated at emerging markets in the South, nobody at the North was ready to acknowledge the pro-cyclicality of the financial system and the inner weakness of “decontrolled” financial innovations because they were enjoying from the “great moderation.” Monetary policy was primarily centered on price stability objectives, without considering the mounting credit and asset price booms being generated by market liquidity and the problems generated by this glut. Mainstream economists, in turn, were not majorly attracted in integrating financial factors in their models. External pressures on emerging market economies (EMEs) were not eliminated after 2008, but even increased as international capital flows augmented in relevance thereafter. Initially economic authorities accurately responded to the challenge, but unconventional monetary policies in the US began to create important spillovers in EMEs. Furthermore, in contrast to a previous surge in liquidity, funds were now transmitted to EMEs throughout the bond market. The perspective of an increase in US interest rates by the FED is generating a reversal of expectations and a sudden flight to quality. Emerging countries’ currencies began to experience higher volatility levels, and depreciation movements against a newly strong US dollar are also increasingly observed. Consequently, there are increasing doubts that the “unexpected” favorable outcome observed in most EMEs at the aftermath of the Global Financial Crisis (GFC) would remain.
