![]() The influence of economic growth, urbanization, trade openness, financial development, and renewable energy on pollution in Europe. Journal of Cleaner Production, 313, 127723.Īl-Mulali, U., Ozturk, I., & Lean, H. Asymmetric nexus between economic policy uncertainty, renewable energy technology budgets, and environmental sustainability: Evidence from the United States. Science of the Total Environment, 738, 140014.Īhmed, Z., Cary, M., Shahbaz, M., & Vo, X. Energy consumption, economic expansion, and CO 2 emission in the UK: The role of economic policy uncertainty. Economic Analysis and Policy, 68, 179–190.Īdedoyin, F. Energy consumption, economic policy uncertainty and carbon emissions causality evidence from resource rich economies. Journal of Cleaner Production, 240, 118245.Īdams, S., Adedoyin, F., Olaniran, E., & Bekun, F. Reducing carbon emissions: The role of renewable energy and democracy. Journal of Environmental Management, 188, 183–194.Īdams, S., & Acheampong, A. Does economic, financial and institutional developments matter for environmental quality? A comparative analysis of EU and MEA countries. Research in International Business and Finance, 58, 101442.Ībid, M. Economic policy uncertainty: Persistence and cross-country linkages. Overall, the findings of this study suggest that the establishment of sustainability development frameworks in areas of climate goals, social justice, and good governance would need to pay close attention to uncertainty in economic policy.Ībakah, E. This study concludes that ongoing economic policy uncertainty and disturbance could have serious repercussions for local economies, thereby hindering sustainability development. The sustainability sub-components results are broadly in line with the main results that a higher economic policy uncertainty index is detrimental to the protection of natural capital and the development of social capital. The empirical analysis reveals that sustainability performance in Asia is adversely affected by economic policy uncertainty. Therefore, the estimates of this study will be consistent and asymptotically unbiased. With country-level annual data, this study estimates the model using a system generalised method of moments approach to address the possible biases resulting from serial correlation of random errors, simultaneity, and unobserved heterogeneity. Drawing primarily on environmental management literature, this study aims to investigate the relationship between economic policy uncertainty and sustainability performance in the Asian regions between 20. Inconsistent economic policy may undermine sustainability efforts as it creates a more complex and volatile operating environment, which, in turn, affects the behaviour of economic entities in the system. In an effort to close the apparent gap in knowledge, this study contributes new empirical evidence to this discussion by considering the role of economic policy uncertainty. Despite the widespread recognition of the significance of long-term sustainability, there is as yet a relative paucity of evidence on what factors account for sustainability performance. ![]()
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