Impact of renewable energy consumption and financial development on CO2 emissions and economic growth in the MENA region: A panel vector autoregressive (PVAR) analysis

This study empirically evaluates the impact of energy, environmental pollution, human capital, financial development, and physical capital on economic growth in countries like Brazil, India, China, and South Africa (BRICS-4) from 1981 to 2015. Relevant diagnostic tests, the Panel Fully Modified Ordinary Least Squares (F.M.O.L.S.), Robust Least Squares (R.L.S.) methods, and the Dumitrescu-Hurlin Panel causality test are implemented for empirical investigation. The key outcomes from the F.M.O.L.S. and R.L.S. methods indicate that energy consumption, physical capital, human capital, and financial development contribute to economic growth, while environmental pollution attenuates economic growth. Moreover, the Dumitrescu-Hurlin Panel causality test results reveal about the bidirectional and unidirectional causality between energy consumption, environmental pollution, investment, human capital, and financial sector expansion and growth. Thus, based on the findings, this study recommend that the BRICS countries' policy makers need to formulate public policy to ensure adequate energy supply, enhance foreign investments, improve health sector, develop financial sector, and regulate environmental pollution to achieve sustainable development.

Relationship between energy, investment, human capital, environment, and economic growth in four BRICS countries.

Spurred by the need to evade possible parameter bias associated with earlier works, this study intended to address the subject of whether performance of commercial banking contributes to economic growth. With the aim of answering this question, the present review concentrates on analyzing the association between profitability, deposit and credit facilities as proxy for performance of commercial banks while gross domestic product proxies economic growth. The population of the study is characterized by the Jordanian banking industry; the study enclosed a period of six years from 2010 to 2015 constructed on the annual report of thirteen chosen banks. Using Ordinary Least Square, the regression outcomes found a significant positive association between measures of bank performance and economic growth. Findings demonstrate that measures of bank performance in particular profitability deposits credits have positive relationship with economic growth as measured by GDP. The empirical results suggest that the policy creators should make arrangements to augment and prompt the banking sector in Jordan on account of its key significance in making and advancing development of the economy. It additionally can be inferred that not only commercial banking performance but also other movables such as political stability and technology may assume essential part in the economic prosperity in Jordan. Ayman Mansour Khalaf Alkhazaleh (Jordan) BUSINESS PERSPECTIVES LLC “СPС “Business Perspectives” Hryhorii Skovoroda lane, 10, Sumy, 40022, Ukraine www.businessperspectives.org Does banking sector

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Does banking sector performance promote economic growth? Case study of Jordanian commercial banks

https://link.springer.com/content/pdf/10.1186/s43093-020-00024-x.pdf

ICT diffusion and the finance–growth nexus: a panel analysis on ECOWAS countries

Great numbers of countries have made the limitations loose on the transnational goods, services and capital flows and begun to follow a policy of export-oriented growth. Total value of global financial asset flows exceeded the value of global trade over time and financial markets have experienced considerable expansions in almost every country. This paper investigates the interaction between openness and financial development in 9 Central and Eastern European countries during 1996-2014 period employing cointegration test of Westerlund and Edgerton (2007) and causality test of Dumitrescu and Hurlin (2012). We reached that openness affected financial sector development positively in the long term. Furthermore, there was one-way causality from financial openness to financial sector development.

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Gherbi Nacer Salah Eddine

Papers

The Effect of the Financial Sector development on Growth: The case of the MENA Countries☆