The helix of CO2, household income, and oil pricing under the assumption of Keynesian consumption function: A policy-mix scenario of oil-importing South Asia for SDGs-2030.

Autor: Gang C; School of Economics and Management, Southwest Petroleum University, Chengdu, Sichuan Province, China.; Xi'an Bomay Electric Industries Co., Ltd, Xi'an, China., Sha H; Southwest Petroleum University, Chengdu, Sichuan Province, China., Farooq MU; Department of Business Studies, Namal University, Mianwali, Mianwali, Pakistan., Ali SA; Business School, Shanghai Jianqiao University, Shanghai, China., Nadeem M; College of Economics and Management, Nanjing University of Aeronautics and Astronautics, Nanjing, PR China., Gulzar F; School of Economics, Bahauddin Zakariya University, Multan, Pakistan., Abbasi MN; Institute of Management Sciences, Bahauddin Zakariya University, Multan, Pakistan.
Jazyk: angličtina
Zdroj: PloS one [PLoS One] 2022 Apr 19; Vol. 17 (4), pp. e0265515. Date of Electronic Publication: 2022 Apr 19 (Print Publication: 2022).
DOI: 10.1371/journal.pone.0265515
Abstrakt: The purpose of this study is to explore energy prices and their impact on household consumption under the condition of Keynesian consumption theory in South Asian countries over the 1995-2020 periods. By employing the panel ordinary least square model estimation technique, the study attempted to find the relationship between household income and consumption under the theory of Keynesian consumption function. Furthermore, we investigated the relationship between household consumption and environmental sustainability, policy mix variables, and energy pricing. First of all, this study confirms the existence of Keynesian consumption theory in these economies of South Asia. Furthermore, energy pricing, environmental sustainability, and inflation rate are the factors that inducing toward high household consumption in South Asia. Considering the policy mix factors, inflation rate contribution positively while tax rate inducing this consumer for low household consumption. Based on the empirical analysis, this study suggested some parameters to these Asian economies particularly and other similar economies generally.
Competing Interests: The authors have declared that no competing interests exist.
Databáze: MEDLINE
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