Journal Articles

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https://hdl.handle.net/20.500.14170/1816

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Browsing Journal Articles by Author "Abdul Rahim Ridzuan"
  • Publication
    An environmental assessment of the impacts of corruption, foreign investment inflow and trade liberalization in the rapidly emerging Malaysian Economy
    (Springer Nature, 2023)
    Bright Akwasi Gyamfi
    ;
    Stephen Taiwo Onifade
    ;
    Abdul Rahim Ridzuan
    ;
    Mohd Shahidan Shaari
    ;
    Pabitra Kumar Jena
    In the wake of various catastrophic consequences of climate change, Malaysia, a rapidly developing economy, is also inevitably experiencing environmental degradation that merits prompt and serious attention from policymakers and its government. Hence, this study simultaneously highlights the short and long-run dynamic connections between carbon emission in Malaysia and the trio of corruption levels, foreign investment inflow, and trade liberalization. The study also controls for a combination of other factors including energy use, GDP, and urbanization. A robust empirical analysis was conducted on time series observations for the country based on the recent Dynamic ARDL simulation. It was observed that Malaysia's per capita pollution levels significantly reduces based on the corruption perception levels during the sampling period while the economic expansion’s effect on emission levels is positive. Additionally, urbanization, trade levels and energy use all aggravate the emission levels. On the other hand, although FDI poses an insignificant environmental damage in the short run, its environmental sustainability enhancement roles were supported by its long-run negative impacts on carbon emission. Lastly, the EKC was established and as such, essential policy directions were provided for stakeholders in the rapidly emerging Malaysian economy.
  • Publication
    Gas consumption as a key for low carbon state and its impact on economic growth in Malaysia: ARDL approach
    (EconJournals, 2023)
    Temitayo B. Majekodunmi
    ;
    Mohd Shahidan Shaari
    ;
    Nor Fadzilah Zainal
    ;
    Nor Hidayah Harun
    ;
    Abdul Rahim Ridzuan
    ;
    Noorazeela Zainol Abidin
    ;
    Nur Hayati Abd Rahman
    Natural gas consumption contributes the least to CO2 emissions than other non-renewable energy such as oil and coal. Thus, it is important to replace oil in generating economic activities and leading the country towards low carbon state. Despite the environmentally friendly energy, most previous studies did not study gas consumption. Therefore, this study investigates the effects of gas consumption and other selected macroeconomic determinants such as labour, capital, foreign direct investment, trade openness, and financial development on Malaysia's economic growth from 1980 to 2019. The Augmented Distributed Lag (ARDL) approach is employed, and the results show that gas consumption plays a vital role in boosting economic growth in the short and long run. Based on these findings, all economic sectors should consume more natural gas instead of oil, including industries and transportation. This move can conserve the environment and support clean energy for sustainable development. The remaining variables also increased economic growth except for financial development. Based on these outcomes, the country's policymakers can construct a suitable policy that can improve all the potential macroeconomic determinants besides the use of natural gas consumption in accelerating growth in Malaysia.
  • Publication
    Green technology, exports, and CO₂ emissions in Malaysia
    (Elsevier, 2023)
    Temitayo B. Majekodunmi
    ;
    Mohd Shahidan Shaari
    ;
    Abdul Rahim Ridzuan
    ;
    Noorazeela Zainol Abidin
    The pressing global effort to tackle CO₂ emissions has brought about a strong emphasis on adopting green technology by economies striving for low-carbon development. Within this context, this research investigates the environmental significance of green technology and exports in Malaysia. By examining 30-year data from 1989 to 2019 and utilising the autoregressive distributed lag model (ARDL), this study explores these variables' long-run and short-run effects on Malaysia's environment. The outcomes reveal noteworthy insights: population growth and green technology negatively impact environmental degradation, whereas exports and economic expansion contribute to environmental depletion over the long term. However, the influences of a higher population and exports are inconsequential in the short term. Additionally, the study captures the influences of transient economic challenges, such as the COVID-19 outbreak. Consequently, the study emphasises crucial policy implications for the Malaysian government. Firstly, it strongly recommends increasing investment in sustainable technology, especially within the manufacturing sector, to mitigate the adverse environmental impact of exports. Furthermore, it suggests incentivizing companies to embrace green technology through subsidies for acquiring renewable energy and imposing higher taxes on non-renewable energy sources. Additionally, policymakers are urged to prioritise human capital development by raising public awareness about the dangers of heightened CO₂ emissions. Malaysia can leverage its expertise to foster economic expansion without compromising the environment by engaging the working population in environmentally sustainable economic activities. These policy recommendations aim to expedite the shift towards a decarbonised economy, promote sustainable development, and safeguard Malaysia's natural resources.
  • Publication
    Innovating for sustainability: the intersection of technology and environmental quality in Indonesia
    (EconJournals, 2023)
    Tri Kurniawati
    ;
    Rani Sofya
    ;
    Rita Syofyan
    ;
    Nita Sofia
    ;
    Abdul Rahim Ridzuan
    ;
    Mohd Shahidan Shaari
    In this study, we placed significant emphasis on the impact of technology on environmental quality in Indonesia. Technology plays a vital role in the country’s progression towards becoming a developed nation; however, it brings both advantages and disadvantages. Indonesia has witnessed substantial economic growth, closely linked to the development and adoption of technology, whether domestically generated or through foreign direct investment (FDI). The primary objective of this study is to investigate the influence of technology and other key macroeconomic variables such as economic growth, FDI, income distribution, globalization, electricity, and urbanization on the level of carbon emissions. The study utilizes annual time series data spanning from 1990 to 2020. The main findings of the study confirm that technology has the potential to reduce environmental pollution levels in the country. However, the impact of other variables on environmental pollution displays a mixed result. Policymakers should pay attention to the significant role of technology and promote government programs that support innovation as a means to address environmental concerns effectively. By doing so, the nation can leverage technology to foster sustainable development and mitigate the adverse impacts of industrialization on the environment.
  • Publication
    The linkage between natural gas consumption and industrial output: new evidence based on time series analysis
    (Elsevier, 2023)
    Mohd Shahidan Shaari
    ;
    Temitayo Blessing Majekodunmi
    ;
    Nor Fadzilah Zainal
    ;
    Nor Hidayah Harun
    ;
    Abdul Rahim Ridzuan
    This study is the first to examine the impacts of industrial gas consumption on industrial output in Malaysia due to its significance in the industrial sector. The present study aims to provide valuable insights into sustainable development and carbon emission reduction. The augmented distributed lag (ARDL) approach was employed to explore the relationships between gas consumption, foreign direct investment (FDI), financial development, capital, labor, trade openness, and industrial yield. Gas consumption, FDI, and capital significantly affect industrial output in the short and long runs. Nonetheless, the impacts of labor and financial development were only observed in the long term, while trade openness produced no notable influence on industrial output. The results could lead to critical policy implications as natural gas consumption is associated with lower carbon dioxide (CO2) emissions than non-renewable energy sources, such as oil and coal. Consequently, promoting increased gas utilization in the industrial sector could serve as a crucial driver for sustainable development and environmental protection by simultaneously reducing environmental damage and enhancing output. The current study provided valuable quantitative knowledge for policymakers, industry stakeholders, and any parties intending to advance sustainable economic growth while addressing environmental challenges