Browsing by Author "Rehman, Abdul"

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Do Exports of Communication Technology, Food, Manufacturing, and Foreign Investments Foster Economic Growth in Pakistan? An Exploration from Asymmetric Technique
(Springer, 2022-09-23) Rehman, Abdul; Ma, Hengyun; Khan, Sufyan Ullah; Murshed, Muntasir; Khan, Muhammad Kamran; Ahmad, Fayyaz; Chishti, Muhammad Zubair
The main aim of this analysis is to determine the contribution of exports of communication technology, goods and services, food, and manufacturing exports and foreign investments to economic growth in Pakistan by utilizing time series data from 1976 to 2019. NARDL (non-linear autoregressive distributed lag) technique is utilized to encounter the linkages of variables via positive and negative shocks both in the long run and in the short run. The examined result of the short run indicates that the export of communication technology has a productive and adversative linkage to economic progress during positive and negative shocks. On the other side, exports of goods and services and food exports have a negative relationship with economic growth. Similarly, foreign investment exposed the constructive and negative linkage to economic growth during positive and negative shocks. Furthermore, manufacturing exports exposed an adversative and productive association to economic development in Pakistan. Moving toward the long-run analysis’s results which show communication technology has constructive and adversative linkages to economic growth. Exports of goods and services and food exports also uncovered the adversative association to economic development in Pakistan. The foreign investment positive and negative shocks show adversative and productive linkages to economic growth. Furthermore, the variable manufacturing exports exposed a negative relation with economic growth in Pakistan in both positive and negative shocks. Based on the examined results, it is recommended that government policy experts must adopt new steps to boost exports to support the country’s economic growth.
Globalization and Renewable Energy Use: How Are They Contributing to Upsurge the CO2 Emissions? A Global Perspective
(Springer Nature, 2023-09-05) Rehman, Abdul; Alam, Mohammad Mahtab; Ozturk, Ilhan; Alvarado, Rafael; Murshed, Muntasir; Işık, Cem; Ma, Hengyun
The present study major aim was to examine the impact of globalization, economic growth, population growth, renewable energy usage and nuclear energy on CO2 emissions globally by taking the annual data varies from 1985 to 2020. Stationarity among study variables were tested via unit root testing, while nonlinear autoregressive distributed lag (NARDL) technique was used to demonstrate the linkages among variables with the estimation of long-run and short-run. Study results reveal that both in the short run and long run, negative globalization and economic growth shocks positively and negatively influence CO2 emissions, respectively. Besides, higher population growth is found to positively influence CO2 emissions while renewable energy consumption cannot influence the CO2 emission figures. Lastly, positive and negative shocks to alternative nuclear energy consumption are evidenced to negatively influence CO2 emissions both in the short run and long run. Hence, in line with these findings, several new policies and strategies are recommended for reducing carbon emissions globally.
Impact of Oil Price, Economic Globalization, and Inflation on Economic Output
(Elsevier, 2024-09-15) Tillaguango, Brayan; Hossain, Mohammad Razib; Cuesta, Lizeth; Ahmad, Munir; Alvarado, Rafael; Murshed, Muntasir; Rehman, Abdul; Işık, Cem
This research examines the impact of oil prices, economic globalization, and inflation on the economic output in oil-producing countries in Latin America. We employ advanced time series techniques to achieve precision in findings and reliability of policy inferences. We use cointegration techniques with and without structural breaks because oil prices are highly volatile, and the economies analyzed are unstable in the face of political and social changes. Additionally, we performed a sensitivity analysis using standard quantile and the newly developed quantile-on-quantile regressions to measure the impacts of the covariates on real per capita output. Finally, we use causality Fourier techniques to identify the direction of causal relationships between the series. We found that the oil price, economic globalization, inflation, and output have a long-term equilibrium relationship in the presence of structural breaks. Likewise, quantile models show that the impacts of inflation, economic globalization, and oil prices on economic output are extensively non-linear across the quantile distribution. We found a negative connection between inflation and economic output in the surveyed territories. We propose that those responsible for energy policy in the countries studied should rethink crude oil policies to maximize the benefits of oil exploitation under stagnant globalization and growing inflation.
Institutional Quality, Oil Price, and Environmental Degradation in MENA Countries Moderated by Economic Complexity and Shadow Economy
(Springer Nature, 2023-09-18) Cuesta, Lizeth; Alvarad, Rafael; Ahmad, Munir; Murshed, Muntasir; Rehman, Abdul; Işık, Cem
This paper aims to analyze the link between environmental degradation and institutional quality and the price of oil moderated by economic complexity and the underground economy. We use quantile regressions with annual panel data for 15 countries in the Middle East and North Africa during 1995-2021. The findings indicate that institutional quality, economic complexity, and output positively and heterogeneously impact environmental degradation. However, the square of production has a negative impact, confirming an inverted U relationship between production and environmental degradation. Likewise, we find that the price of oil and the underground economy have a negative and heterogeneous impact on environmental degradation. Based on our results, a potential recommendation for policymakers is that the institutional framework of Middle Eastern and North African countries should be accompanied by a more significant concern for the environment instead of prioritizing extractive growth that is detrimental to the environment's environmental sustainability. Likewise, economic diversification will mitigate environmental degradation and improve formal employment. Our findings are relevant to policymakers and researchers interested in promoting ecological sustainability.
Nexus between government stability and environmental pollution
(2024-01-01) Deng, Qiu Shi; Cuesta, Lizeth; Alvarado, Rafael; Murshed, Muntasir; Tillaguango, Brayan; Işık, Cem; Rehman, Abdul
Previous literature has been aimed at evaluating the economic factors that determine pollution, omitting the role of governments. This research aims to evaluate the impact of government stability on environmental pollution index in 96 countries worldwide. This relationship is moderated by globalization, knowledge, and economic progress between 1990 and 2019. Unlike previous research, we classify countries following a convergence criterion and propose environmental mitigation policy lessons for each convergent club. Specifically, we use convergence models, second-generation cointegration techniques, quantile regressions, and panel data causality techniques. The results show that government stability and knowledge are the fundamental pillars to mitigate environmental deterioration. Globalization and economic progress have heterogeneous impacts on environmental sustainability. Policymakers should promote long-term government stability as a novel environmental mitigation strategy. Likewise, government stability and knowledge can be used to promote Sustainable Development Goals 11 and 13.
Pathways Towards Environmental Sustainability
(Daffodil International University, 2022-02-10) Chishti, Muhammad Zubair; Alam, Naushad; Murshed, Muntasir; Rehman, Abdul; Balsalobre‑Lorente, Daniel
The traditional literature has explored various factors including, but not limited to, trade openness, financial development, energy consumption, foreign direct investment, globalization, and per capita income that significantly contribute to carbon emissions. However, the current study identifies aggregate domestic consumption spending as a novel driver of carbon dioxide, employing the data for the period of 1973-2018 in Pakistan. To this end, we develop the theoretical framework to illustrate the link between aggregate domestic consumption spending and carbon dioxide emissions and deploy autoregressive distributed lag (ARDL), asymmetric ARDL, and the threshold non-linear ARDL (NARDL) techniques. The results of the ARDL method suggest that only in the short run, aggregate domestic consumption spending significantly affects carbon dioxide emissions. Furthermore, the findings of the NARDL approach reveal that the positive and negative shocks significantly deteriorate and ameliorate the environmental quality by increasing and decreasing the pollution, respectively, in the short and long run. Even though the outcome of the threshold NARDL technique supports the results of the aforementioned approaches, the novelty of the current study is to find out the threshold in aggregate domestic consumption spending, which carries a significant role in determining the carbon emissions in both periods. Besides, we infer that fossil fuels energy and trade openness also degrade the Pakistani climate by boosting atmospheric pollution. Additionally, the application of the asymmetric Granger causality test validates the results by asserting the casual relationship between aggregate domestic consumption spending and carbon dioxide emissions. Based on the results, we suggest the authorities to start to promote the deployment of green products publicly to obtain green and sustainable development.