Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization
Given the increasing global interest in the transition to green energy sources in developing countries that have financial constraints, this study examines the influence of foreign finance on the production and consumption of renewable energy (RE). The study also explores whether globalization reinf...
محفوظ في:
| المؤلف الرئيسي: | |
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| التنسيق: | article |
| منشور في: |
2025
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| الموضوعات: | |
| الوصول للمادة أونلاين: | http://dx.doi.org/10.1016/j.bir.2025.04.001 https://www.sciencedirect.com/science/article/pii/S2214845025000572 http://hdl.handle.net/10576/64954 |
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| _version_ | 1857415086651473920 |
|---|---|
| author | Ebaidalla M., Ebaidalla |
| author_facet | Ebaidalla M., Ebaidalla |
| author_role | author |
| dc.creator.none.fl_str_mv | Ebaidalla M., Ebaidalla |
| dc.date.none.fl_str_mv | 2025-05-18T05:00:46Z 2025-04-07 |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://dx.doi.org/10.1016/j.bir.2025.04.001 22148450 https://www.sciencedirect.com/science/article/pii/S2214845025000572 http://hdl.handle.net/10576/64954 2214-8469 |
| dc.language.none.fl_str_mv | en |
| dc.publisher.none.fl_str_mv | Elsevier |
| dc.rights.none.fl_str_mv | http://creativecommons.org/licenses/by/4.0/ info:eu-repo/semantics/openAccess |
| dc.subject.none.fl_str_mv | Foreign finance Foreign aid FDI Globalization Remittances Renewable energy |
| dc.title.none.fl_str_mv | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| dc.type.none.fl_str_mv | Article info:eu-repo/semantics/publishedVersion info:eu-repo/semantics/article |
| description | Given the increasing global interest in the transition to green energy sources in developing countries that have financial constraints, this study examines the influence of foreign finance on the production and consumption of renewable energy (RE). The study also explores whether globalization reinforces or weakens the impact of foreign finance on both production and consumption of RE using a sample of 88 developing countries between 1996 and 2020. The study uses advanced panel data methods including Driscoll-Kraay robust standard errors, a method of moments quantile regression (MMQR), and a generalized method of moments (GMM). The results indicate that foreign finance variables have varying effects on both the production and consumption of RE. Specifically, foreign aid and migrant remittances have a positive and significant influence on both the production and consumption of RE across various model specifications and quantiles. However, although foreign direct investment (FDI) has a positive impact on production of RE, it has no significant effect on consumption of it. Moreover, the results indicate that globalization strengthens the role of foreign aid and FDI in the production of RE. Furthermore, globalization mitigates the negative impact of remittances on production of RE, but enhances their positive effect on consumption of it. The findings highlight the crucial role of globalization in fostering the nexus between foreign finance and renewable energy in developing countries, emphasizing the role of international cooperation in promoting the transition to sustainable energy. |
| eu_rights_str_mv | openAccess |
| format | article |
| id | qu_2d3702d35d2ca2d75825bfd79736746c |
| identifier_str_mv | 22148450 2214-8469 |
| language_invalid_str_mv | en |
| network_acronym_str | qu |
| network_name_str | Qatar University repository |
| oai_identifier_str | oai:qspace.qu.edu.qa:10576/64954 |
| publishDate | 2025 |
| publisher.none.fl_str_mv | Elsevier |
| repository.mail.fl_str_mv | |
| repository.name.fl_str_mv | |
| repository_id_str | |
| rights_invalid_str_mv | http://creativecommons.org/licenses/by/4.0/ |
| spelling | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalizationEbaidalla M., EbaidallaForeign financeForeign aidFDIGlobalizationRemittancesRenewable energyGiven the increasing global interest in the transition to green energy sources in developing countries that have financial constraints, this study examines the influence of foreign finance on the production and consumption of renewable energy (RE). The study also explores whether globalization reinforces or weakens the impact of foreign finance on both production and consumption of RE using a sample of 88 developing countries between 1996 and 2020. The study uses advanced panel data methods including Driscoll-Kraay robust standard errors, a method of moments quantile regression (MMQR), and a generalized method of moments (GMM). The results indicate that foreign finance variables have varying effects on both the production and consumption of RE. Specifically, foreign aid and migrant remittances have a positive and significant influence on both the production and consumption of RE across various model specifications and quantiles. However, although foreign direct investment (FDI) has a positive impact on production of RE, it has no significant effect on consumption of it. Moreover, the results indicate that globalization strengthens the role of foreign aid and FDI in the production of RE. Furthermore, globalization mitigates the negative impact of remittances on production of RE, but enhances their positive effect on consumption of it. The findings highlight the crucial role of globalization in fostering the nexus between foreign finance and renewable energy in developing countries, emphasizing the role of international cooperation in promoting the transition to sustainable energy.Elsevier2025-05-18T05:00:46Z2025-04-07Articleinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://dx.doi.org/10.1016/j.bir.2025.04.00122148450https://www.sciencedirect.com/science/article/pii/S2214845025000572http://hdl.handle.net/10576/649542214-8469enhttp://creativecommons.org/licenses/by/4.0/info:eu-repo/semantics/openAccessoai:qspace.qu.edu.qa:10576/649542025-05-18T19:07:35Z |
| spellingShingle | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization Ebaidalla M., Ebaidalla Foreign finance Foreign aid FDI Globalization Remittances Renewable energy |
| status_str | publishedVersion |
| title | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| title_full | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| title_fullStr | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| title_full_unstemmed | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| title_short | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| title_sort | Does foreign finance promote the production and consumption of renewable energy in developing countries? The role of globalization |
| topic | Foreign finance Foreign aid FDI Globalization Remittances Renewable energy |
| url | http://dx.doi.org/10.1016/j.bir.2025.04.001 https://www.sciencedirect.com/science/article/pii/S2214845025000572 http://hdl.handle.net/10576/64954 |