Consequences of COVID-19 on the social isolation of the Chinese economy: accounting for the role of reduction in carbon emissions

View/ Open
Date
2020Author
Balsalobre-Lorente, DanielDriha, Oana M.
Bekun, Festus Victor
Sinha, Avik
Adedoyin, Festus Fatai
Metadata
Show full item recordAbstract
The main contribution of the present study to the energy literature is to explore the relationship between economic growth and pollution emission amidst globalization. In contrast to the existing studies, this research examines the effects of economic and social isolation as dimensions of globalization. The present paper allows underpinning the impact on the Chinese economic development of the isolation phenomenon as a consequence of coronavirus (COVID-19). To this end, annual time-frequency data is used to achieve the hypothesized claims. The study resolutions include (1) the existence of a long-run association between the outlined variables; (2) the long-run estimates suggest that the Chinese economy, over the investigated period, is inelastic to pollutant-driven economic growth; and (3) the Chinese isolation is less responsive to its economic growth while the country political willpower is elastic as demonstrated by a government commitment to dampen the effect of the COVID-19 pandemic. This confinement is marked by the aggressive response by the government officials resolute by flattening the exponential impact of the pandemic. Based on these robust results, some far-reaching policy implications are underlined in the concluding remarks section.
Source
AIR QUALITY ATMOSPHERE AND HEALTHCollections
The following license files are associated with this item:
Related items
Showing items related by title, author, creator and subject.
-
Renewed evidence of environmental sustainability from globalization and energy consumption over economic growth in China
Bekun, Festus Victor; Yalçiner, Kürşat; Etokakpan, Mfonobong Udom; Alola, Andrew Adewale (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2020)This study is primarily motivated by exploring the role of globalization, energy intensity over economic expansion, and its impact on environmental sustainability in China. To this end, a sequence of econometrics tests ... -
Renewable Energy Consumption in Coastline Mediterranean Countries: Impact of Environmental Degradation and Housing Policy
Alola, Andrew Adewale; Alola, Uju Violet; Saint Akadiri, Seyi (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2019)The significance of the natural geographical characteristics and ecological formation of the Coastline Mediterranean Countries (CMC) suggests a further examination of the dynamics of the renewable energy consumption ... -
The Nexus of Environmental Quality with Renewable Consumption, Immigration and Healthcare in the USA: Wavelet and Gradual Shift Causality Approaches
Alola, Andrew Adewale; Kırıkkaleli, Derviş (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2019)Given that the volume of carbon emissions in the US is a significant share of the global greenhouse gas emissions, some salient factors are being currently examined so as to reverse the threat to global environmental ...