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dc.contributor.authorApergis, Nicholas
dc.contributor.authorParamati, Sudharshan Reddy
dc.contributor.authorUmmalla, Mallesh
dc.date.accessioned2019-01-24T15:26:39Z
dc.date.available2019-01-24T15:26:39Z
dc.date.issued2016-03-11
dc.identifier.citationParamati, S.R., Ummalla, M. and Apergis, N., (2016). 'The effect of foreign direct investment and stock market growth on clean energy use across a panel of emerging market economies.' Energy Economics, 56, pp.29-41. DOI: 10.1016/j.eneco.2016.02.008en_US
dc.identifier.issn0140-9883
dc.identifier.urihttp://hdl.handle.net/10545/623364
dc.description.abstractThis study investigates the impact of both FDI inflows and stock market developments on clean energy use across 20 emerging market economies, spanning the period 1991–2012. It accounts for cross-sectional dependence and heterogeneity in the analysis and employs robust panel econometric techniques. The empirical results on long-run elasticities display that economic output, FDI inflows and stock market developments have all a significant positive impact on clean energy consumption. Finally, the results on heterogeneous panel non-causality tests indicate the presence of unidirectional causality running from FDI to clean energy consumption in the short-run. For robustness purposes, the paper also estimates long-run elasticities for individual countries, with the findings documenting that both FDI inflows and stock market developments have a considerable positive impact on clean energy uses. The findings urge that both policy makers and governments in these emerging market economies should initiate effective public-private-partnership investments in clean energy projects by providing lucrative incentives, which, in turn, will encourage both domestic and foreign investors to invest more in clean energy projects and, eventually, moving these economies towards sustainable economic growth.en_US
dc.description.sponsorshipN/Aen_US
dc.language.isoenen_US
dc.publisherElsevier.en_US
dc.relation.urlhttps://www.sciencedirect.com/science/article/pii/S0140988316300214en_US
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/*
dc.subjectClean energy consumptionen_US
dc.subjectFDI inflowsen_US
dc.subjectStock market growthen_US
dc.subjectEmerging market economiesen_US
dc.titleThe effect of foreign direct investment and stock market growth on clean energy use across a panel of emerging market economies.en_US
dc.typeArticleen_US
dc.contributor.departmentUniversity of Piraeusen_US
dc.contributor.departmentJiangxi University of Finance and Economicsen_US
dc.contributor.departmentUniversity of Hyderabaden_US
dc.identifier.journalEnergy Economics.en_US
dcterms.dateAccepted2016-02-10


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