The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach
Электронный научный архив УРФУ
Информация об архиве | Просмотр оригинала| Поле | Значение | |
| Заглавие |
The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach
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| Автор |
Adebayo, T. S.
Ibrahim, R. L. Agyekum, E. B. Zawbaa, H. M. Kamel, S. |
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| Тематика |
ECONOMIC GROWTH
FINANCIAL DEVELOPMENT RENEWABLE ENERGY CONSUMPTION STRUCTURAL CHANGE WAVELET TOOLS |
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| Описание |
The current paper assessed the time-frequency analysis interrelationship between CO2 emissions and financial development, economic growth, renewable energy use, structural change, and non-renewable energy use in Sweden. We utilized a quarterly dataset stretching from 1980-2019. In order to unlock these interrelationships, we leverage wavelet tools (wavelet-based Granger causality and wavelet coherence). The wavelet-based Granger causality (WGC) test accounts for the issue of multiple time scales in a time series analysis. Another uniqueness of the WGC lies in its resistance to distribution assumption and misspecification in a time series model. Additionally, the wavelet coherence estimator instantaneously evaluates correlation and causality among the interacting indicators in a model. The outcomes of the wavelet coherence exposed that renewable energy, financial development, economic growth, structural change, and trade openness enhance the environment's quality while non-renewable energy intensifies CO2. Moreover, the WGC shows that all the variables can predict each other. Based on these findings, policymakers in Sweden should focus more on improving public understanding of renewable energy and environmental preservation. We believe that Sweden's shift to service-sector-led growth will help to safeguard the environment. © 2022
European Union's Horizon 2020 research and Enterprise Ireland Marie Skłodowska-Curie, (847402) National Research and Development Agency of Chile, (ANID/Fondap/15110019) Ministry of Education and Science of the Russian Federation, Minobrnauka, (FEUZ-2022-0031) Hossam M. Zawbaa was supported by European Union's Horizon 2020 research and Enterprise Ireland Marie Skłodowska-Curie grant agreement No. 847402 . The research funding from the Ministry of Science and Higher Education of the Russian Federation (Ural Federal University Program of Development within the Priority-2030 Program) is acknowledged: Grant number: FEUZ-2022-0031 . The authors thank the support of the National Research and Development Agency of Chile (ANID) , ANID/Fondap/15110019 . |
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| Дата |
2024-04-08T11:05:41Z
2024-04-08T11:05:41Z 2022 |
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| Тип |
Article
Journal article (info:eu-repo/semantics/article) Published version (info:eu-repo/semantics/publishedVersion) |
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| Идентификатор |
Adebayo, TS, Ibrahim, RL, Agyekum, EB, Zawbaa, HM & Kamel, S 2022, 'The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach', Heliyon, Том. 8, № 9, e10697. https://doi.org/10.1016/j.heliyon.2022.e10697
Adebayo, T. S., Ibrahim, R. L., Agyekum, E. B., Zawbaa, H. M., & Kamel, S. (2022). The environmental aspects of renewable energy consumption and structural change in Sweden: A new perspective from wavelet-based granger causality approach. Heliyon, 8(9), [e10697]. https://doi.org/10.1016/j.heliyon.2022.e10697 2405-8440 Final All Open Access; Gold Open Access; Green Open Access http://www.cell.com/article/S2405844022019855/pdf http://www.cell.com/article/S2405844022019855/pdf http://elar.urfu.ru/handle/10995/131203 10.1016/j.heliyon.2022.e10697 85138819237 000868641700011 |
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| Язык |
en
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| Права |
Open access (info:eu-repo/semantics/openAccess)
cc-by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/ |
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| Формат |
application/pdf
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| Издатель |
Elsevier Ltd
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| Источник |
Heliyon
Heliyon |
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