Journal Articles
Permanent URI for this collectionhttp://10.0.100.92:4000/handle/123456789/21
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Item Nexus Between Indian Economic Growth and Remittance Inflows: A Non-linear ARDL Approach(Asia-Pacific Financial Markets, 2024-09) Villanthenkodath, Muhammed Ashiq; Ansari, Mohd ArshadThis study examines the empirical link between remittance inflows and India's economic growth, particularly emphasizing the association's asymmetries as the prior studies were neglected. Therefore, it formulated a growth function that assesses the non-linear influence of the remittance inflows on economic growth by endogenizing the gross fixed capital formation, official exchange rate, and export growth. Relying on the annual time series data for India, the work uses the Non-Linear Auto-Regressive Distribution Lag (NARDL) model to expose the non-linear influence of the remittance inflows on economic growth by controlling the gross fixed capital formation, official exchange rate, and export growth for the period ranges from 1975 to 2021. The outcomes show the presence of the long-run relationship among the variables vector. Further, the results indicate an asymmetric impact of remittance inflows on economic growth both in the long run and short run. Moreover, the findings reveal a rise in the remittance inflows leads to an increase in economic growth, whereas a fall in the remittance inflows ends up in a reduction of economic growth. Additionally, the outcomes show a negative and significant impact of gross fixed capital formation and official exchange rate on economic growth in the long run. It also observed an insignificant negative influence of export growth on the specified growth model.Item Tourism development and material footprint: a disaggregate analysis of top ten tourist destination countries(Current Issues in Tourism, 2024) Ansari, Mohd Arshad; Villanthenkodath, Muhammed AshiqThis empirical work analyzes the impact of tourism arrivals, tourist receipts, tourist expenditure, active population, and population density on environmental quality. Unlike previous studies, this study employed a consumption-based indicator of environmental quality, which is the material footprint. Given the significance of major tourist destination countries, a sample of the top ten tourist destinations has been selected for the analysis over the period 1995–2018. The study applies econometric tools that consider the issues of cross-sectional dependence and heterogeneity. The findings of cointegration show a significant long-run relationship between the variables. Similarly, pooled mean group results indicate a positive impact of tourist arrivals, tourist expenditure, and active population on the material footprint, while a negative impact is observed in the case of tourist receipts and population density. The robustness of long-run results has been examined with the help of Panel corrected standard errors. Moreover, the Dumitrescu-Hurlin panel causality test shows unidirectional causality from tourist arrivals and tourist receipt to the material footprint and unidirectional causality from the material footprint to tourist expenditure in the long run. According to our results, some policy implications have also been highlighted.Item Fueling a greener tomorrow: The impact of energy diversification on green growth(Natural Resources Forum, 2025-08) Pal, Shreya; Villanthenkodath, Muhammed Ashiq; Ansari, Mohd ArshadMotivated by the necessity of attaining carbon neutrality and striking a balance between clean and conventional energy sources, the emphasis is on how urgent it is to combat climate change and make the switch to sustainable energy systems. In this context, the current study aims to examine the effects of energy diversification on green growth, considering such complementary factors as green technology, human capital, remittance inflows, foreign direct investment inflows, trade openness, and gross fixed capital formation. An empirical analysis is conducted by framing a green growth function in the panel data framework which is analyzed using the dynamic standard correlated model for the BRICS nations (Brazil, Russia, India, China, and South Africa) for the period between 1995 and 2020. The results show that (i) energy diversification exerts a dampening effect on the trajectory of green growth, (ii) the process of green growth was affected due to green technology and foreign direct investment inflows, (iii) underscores the pivotal role of human capital and gross fixed capital formation in bolstering the green growth trajectory, (iv) despite their potential relevance, remittance inflows and trade openness exhibit negligible impact within the framework of the green growth function, thus underscoring their limited contribution to the overarching sustainable development. The practical policy recommendations and invaluable insights provided by these empirical findings are instrumental in fostering green growth among the BRICS countries. Moreover, it contributes to the discourse on sustainable development by providing a solid foothold for informing the development of relevant policies in similar situations around the worldItem A comparative study on the moderating impact of renewable energy and innovation on environmental quality(Natural Resources Forum, 2025-05) Pal, Shreya;; Villanthenkodath, Muhammed Ashiq; Ansari, Mohd ArshadThis study explores the complex interactions between renewable energy production, innovation, economic growth, institutional quality, economic globalization, and CO2 emissions in OECD countries and emerging economies from 1996 to 2021. Results from Driscoll–Kraay standard error and feasible generalized least square reveal distinct trends: renewable energy production leads to increased CO2 emissions in emerging economies but significantly reduces emissions in OECD countries. Besides, residential and non‐residential innovation, along with total innovation, show similar effects. Notably, technology‐moderated renewable energy production effectively lowers CO2 emissions in both country groups. Similarly, economic growth enhances environmental quality in both sets of countries. However, institutional quality needs improvement in emerging economies, while current levels suffice in OECD nations to maintain environmental quality. Moreover, the study emphasizes the importance of considering globalization's impact on CO2 emissions, advocating for international agreements to leverage globalization for environmental benefits. Overall, these findings provide valuable insights for shaping renewable energy policies, fostering innovation, promoting economic growth, enhancing institutional quality, and harnessing globalization efforts to reduce CO2 emissions and enhance environmental quality