Farhad Taghizadeh-Hesary

Tokai University · School of Global Studies

This study examines the linkages between energy price and food prices over the period 2000-2016 by using a Panel-VAR model in the case of eight Asian economies. Our results confirm that energy price (oil price) has a significant impact on food prices. According to the results of impulse response functions, agricultural food prices respond positivel...

This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could thr...

This study is an attempt to ascertain how oil price shock can affect a trade-linked system via monetary variables. To this end, a simultaneous equation model (SEM) was applied through a Weighted Two Stage Least Squares (W2SLS) estimation method to different countries (21 cases) with business relations over the period from Q1 2000 to Q4 2015. In the...

The Covid-19 pandemic and global economic recession has shrunk global energy demand and collapsed fossil fuel prices. Therefore, renewable energy projects are losing their competitiveness. This endangers the achievement of several Sustainable Development Goals (SDGs) and the Paris Agreement on Climate Change. Various consulting companies define the...

Establishment of green credit guarantee schemes (GCGSs)and returning a portion of the tax revenue originally generated from spillover effect of green energy supply to investors. It can reduce the risk of green finance and increase the rate of return of green energy projects, respectively. In addition, technical developments in the sphere of distrib...

The phenomenon of carbon inequality may endanger equal and sustainable social development, which deserves our full attention. This study empirically investigates whether and how smart transportation affect carbon inequality based on a balanced penal dataset of China's 30 provinces from 2002 to 2017. We first examine the impact of smart transportati...

In the light of China’s synergistic need to achieve Sustainable Development Goals (SDG) 10 and 13, it is necessary to consider the potential nexus between common prosperity and carbon reduction. Therefore, this work proposes a new comprehensive measure to assess the degree of common prosperity in 30 Chinese provinces from 2006 to 2019. Furthermore,...

In this study, we critically analyze the effect of low-carbon city policy on carbon lock-in for Chinese cities, based on a balanced panel dataset of 283 Chinese prefectural cities between 2003 and 2017, as well as the difference-indifferences method. Several key findings are highlighted: (1) Low-carbon city policy exerts negative impact on carbon l...

Sustainable development is currently one of the most significant goals of humankind. Sustainable growth requires reducing carbon emissions and maintaining a rise in global temperatures within acceptable limits. Renewable energy sources, such as wind, solar, water, biomass, wave energy, and green investments, are substitutes for fossil fuels that si...

From a market efficiency perspective, this study investigates the performance of sustainable markets under oil price shocks, including green bonds, clean energy, and carbon futures markets. This study assesses the one-way Granger causal impact caused by oil price shocks on the efficiency of sustainable markets, revealing that sustainable markets ar...

In this study, we explore the critical demand drivers of electricity consumption in Thailand based on monthly data from 2002 to 2020. Using Autoregressive Distributed Lag (ARDL), cross-quantile correlation (CQC), Generalised Method of Moments (GMM), and Granger-causality-in-quantile approaches, we find that industrial production and oil production...

To test the dynamical linkage between inequality and green growth in China, the green growth index is gauged and the inequality–green growth nexus is detected by employing panel data from 2004 to 2017. The concrete impact channel of urbanisation is further tested in the inequality–growth nexus. The primary findings are presented as follows: (i) Chi...

Population aging is expected to challenge many developed and emerging countries in the coming years. Occupational accidents (OA) and their relationship with population aging have become issues of interest in these countries. This study proposes a theoretical macroeconomic model to investigate the impact of factors influencing OA based on a labor su...

The primary purpose of this study is to quantitatively evaluate whether low-carbon energy transition has achieved preliminary progress in facilitating China's green evolution of economy following the provincial dataset. Besides, how improved energy efficiency moderates the influence of energy transition on green growth and the mediation effects are...

Developing ecotourism services is a suitable solution to help developing countries improve the status of sustainable development indicators and protect their environment. The primary purpose of this paper is to find out the effects of green governance variables and carbon dioxide emissions on ecotourism for 40 developing economies from 2010 to 2021...

Carbon pricing is expected to meet COP26 targets and carbon neutrality goals by promoting energy transition. However, the role of carbon pricing in energy transition has been challenged largely because of limited empirical evidence. Most empirical studies draw on samples with low-to-moderate carbon prices, which might underestimate the potential im...

Considering the importance of developing renewable energy consumption to reduce the threat of climate change, this study attempts to evaluate the impacts of green bonds and the development of wind, hydro, and solar energy in a sample of 15 member economies of the Organisation for Economic Co-operation and Development (OECD). It employs the fully mo...

This study examines the ability of Asia's natural resources to manage environmental sustainability through digitalization. We analyse 19 Asian nations from 1990 to 2020. In addition to natural resource rents and digi-talization, we consider human capital, economic complexity, trade, urbanisation, energy use, renewable energy consumption, academic f...

This paper first measures the level of environmental efficiency (EE) in 72 countries between 2001 and 2019 by adopting the Global Malmquist-Luenberger productivity index in the framework of the super slack-based-measure model. Then, by using the instrument variable-generalized method of moments (IV-GMM) approach, we examine the role of hydrogen dev...

The study assesses the effect of economic policy uncertainty’s ex-post volatility, measured as δ_EPU, on firm green innovation (GI). The results shed new light on the important factors for corporate green innovation. First, the volatility of economic policy uncertainty significantly reduces firm GI, with a greater impact on determining GI than econ...

This study employs the time-varying vector parameter autoregression model and Diebold-Yilmaz (2012, 2014) spillover approach to explore the static, net, dynamic and directional spillover effects between China's traditional energy and emerging green markets and the impact of the COVID-19 outbreak on spillover effects. Spillover networks are construc...

Most rules and regulations for protecting the environment and reducing greenhouse gas emissions target large enterprises. Although small and medium-sized enterprises (SMEs) have major shares in most Asian economies, they remain outside the purview of most environmental rules and regulations. The primary purpose of this study is to assess the associ...

In this study, using data from 2010 to 2021, and by utilizing the stochastic impacts by regression on population, affluence, and technology (STIRPAT) theory, and system generalized method of moments, the effect of green financing and deployment of renewable energy on carbon dioxide emissions in China and its provinces were analyzed. The results sho...

Assessing the impact of natural resources on green economic development in a global context and exploring the impact mechanism are important for addressing the resource curse and achieving Sustainable Development Goals (SDGs). Therefore, this study constructs an econometric model to explore the impact of natural resource abundance (NRA) on green to...

The Association of South East Asian Nations (ASEAN) has shown remarkable progress in terms of economic growth over the last two decades. Affected by the COVID-19 pandemic, governments of this region’s countries have changed the projected development path with immense focus on protecting lives and livelihood. This has resulted in concerns regarding...

The sole role of greenfield investment as a source for inducing greater environmental performance is debatable. This chapter investigates the linkages between greenfield investments, economic growth, and the role of institutional quality in environmental performance of all Asian countries between 2000 and 2018. The recently developed Environmental...

Information and communication technologies (ICTs) influence economic growth, yet, innovation in natural resource development and energy demands is seldom considered. Will the development of ICTs aid in alleviating this natural resource curse? An analysis of time-series data from 30 Chinese provinces confirms this effect, and this finding is especia...

Aerosols carrying the virus inside enclosed spaces is an important mode of transmission for severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2), as supported by growing evidence. Urban subways are one of the most frequented enclosed spaces. The subway is a utilitarian and low‑cost transit system in modern society. However, studies are yet...

Nuclear energy is considered an effective alternative to ensure global energy safety, and it has recently started to be promoted as a climate change mitigation solution to achieve low-carbon energy transition targets. Considering this view, this study aims to assess the environmental cost reduction by using nuclear energy efficiency and technologic...

With the sustainable development being a consensus in human society, assessment of healthy development index in urban cities (HDI-UC) has been a hot concern in academia. Existing research works had proposed some assessment models from the perspective of sociology. However, these approaches can just assess HDI-UC values of current year and past year...

This study explored the sustainability of the stock market against the COVID-19 pandemic. The impacts of confirmed COVID-19 cases, COVID-19 deaths, and Movement Control Order (MCO) length on the stock market were examined. The Generalized Method of Moments (GMM) estimator was employed to analyze 57 countries’ weekly data from November 4th 2019 to J...

This book combines the fundamentals of industrial organization theories based on microeconomic foundations, applied econometrics and environmental and natural resource economics in undertaking a comprehensive review of reforms of the power sector and its impact on industrial and socio-economic performance. The book provides the reader with the inte...

Purpose This study examines the co-integration relationships between Association of Southeast Nations (ASEAN) stock indices as a way to assess the feasibility of policy initiatives to strengthen market integration in ASEAN and identify implications for portfolio investors. Design/methodology/approach The authors employ threshold co-integration tes...

Considering the rapid development of the global digital industry and the need for sustainable development and climate change, this paper explores the global ICT-embodied CO2 emissions changes and intensities from 2000 to 2014, and the driving factors behind ICT-embodied CO2 emissions changes in 15 countries by using the multi-regional input–output...

This chapter aims to critically discuss the essence of institutional and regulatory requirements given the current status of fintech development in Bangladesh. The chapter indicates that the fintech development in Bangladesh has been mostly skewed toward mobile financial services (MFS). The development of other advanced fintech methods, however, su...

As a new transportation mode, smart transportation may be an effective means to improve green development efficiency. Therefore, to empirically verify whether smart transportation affects green development efficiency (GDE), this study explores the smart transportation-GDE nexus by adopting a balanced panel dataset of 30 Chinese provinces for the pe...

Clean energy plays an important role in the eradication of energy poverty. India faces acute energy poverty which impacts income poverty as the poor find it difficult to obtain high-priced clean fuel. Furthermore, India is one of the fastest-growing economies in the world and its energy demands are huge. This chapter is an attempt to analyze the me...