Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Ali M. Kutan; Sudharshan Reddy Paramati; Mallesh Ummalla; Abdulrasheed Zakari

doi:10.1080/1540496X.2017.1363036

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Ali M. Kutan
, Sudharshan Reddy Paramati (Lead / Corresponding author)
, Mallesh Ummalla
, Abdulrasheed Zakari

Research output: Contribution to journal › Article › peer-review

229 Citations (Scopus)

1552 Downloads (Pure)

Abstract

This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Further, study investigates the effect of renewable energy consumption on CO2 emissions and economic output across a panel of Brazil, China, India and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The results also reveal that renewable energy consumption helps to mitigate the growth of CO2 emissions and promotes economic development.

Original language	English
Pages (from-to)	1762-1778
Number of pages	17
Journal	Emerging Markets Finance and Trade
Volume	54
Issue number	8
Early online date	23 Aug 2017
DOIs	https://doi.org/10.1080/1540496X.2017.1363036
Publication status	Published - 23 Aug 2017

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 7 Affordable and Clean Energy
SDG 8 Decent Work and Economic Growth

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10.1080/1540496X.2017.1363036

Author accepted manuscript
“This is an Accepted Manuscript of an article published by Taylor & Francis in Emerging Markets Finance and Trade on 23rd August 2017, available online: http://www.tandfonline.com/DOI: 10.1080/1540496X.2017.1363036.”
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Cite this

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title = "Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development",

abstract = "This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Further, study investigates the effect of renewable energy consumption on CO2 emissions and economic output across a panel of Brazil, China, India and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The results also reveal that renewable energy consumption helps to mitigate the growth of CO2 emissions and promotes economic development.",

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Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development. / Kutan, Ali M.; Paramati, Sudharshan Reddy (Lead / Corresponding author); Ummalla, Mallesh et al.
In: Emerging Markets Finance and Trade, Vol. 54, No. 8, 23.08.2017, p. 1762-1778.

Research output: Contribution to journal › Article › peer-review

TY - JOUR

T1 - Financing Renewable Energy Projects in Major Emerging Market Economies

T2 - Evidence in the Perspective of Sustainable Economic Development

AU - Kutan, Ali M.

AU - Paramati, Sudharshan Reddy

AU - Ummalla, Mallesh

AU - Zakari, Abdulrasheed

PY - 2017/8/23

Y1 - 2017/8/23

N2 - This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Further, study investigates the effect of renewable energy consumption on CO2 emissions and economic output across a panel of Brazil, China, India and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The results also reveal that renewable energy consumption helps to mitigate the growth of CO2 emissions and promotes economic development.

AB - This research paper aims to explore the role of FDI inflows and stock market development on the promotion of renewable energy consumption. Further, study investigates the effect of renewable energy consumption on CO2 emissions and economic output across a panel of Brazil, China, India and South Africa. Study utilizes annual data from 1990 to 2012 and employs various robust panel econometric techniques. The findings confirm that both FDI inflows and stock market development play an important role in promoting renewable energy consumption. The results also reveal that renewable energy consumption helps to mitigate the growth of CO2 emissions and promotes economic development.

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DO - 10.1080/1540496X.2017.1363036

M3 - Article

SN - 1540-496X

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JO - Emerging Markets Finance and Trade

JF - Emerging Markets Finance and Trade

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ER -

Financing Renewable Energy Projects in Major Emerging Market Economies: Evidence in the Perspective of Sustainable Economic Development

Abstract

UN SDGs

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