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Cambridge Centre for Environment, Energy and Natural Resource Governance


Dr. Muhammad Shahbaz is Professor (Tenured) of Energy Economics, School of Management and Economics, Beijing Institute of Technology, Beijing, China. Dr. Muhammad Shahbaz is Visiting Research Fellow at the Department of Land Economy, University of Cambridge. He is also Adjunct Professor at COMSATS University Islamabad, Lahore Campus, Lahore, Pakistan. He was the Chair Professor at Energy and Sustainable Development, Montpellier Business School France. He received his Ph.D. in Economics from National College of Business Administration and Economics, Lahore Campus, Pakistan. His research focuses on development economics, energy economics, environmental and tourism economics etc. He has widely published in peer-reviewed international journals. He has published more than 325 research papers so far in the national and international referred publications, having a cumulative impact factor of 530 so far. He is among world's top 10 authors in Economics category as compiled by IDEAS.


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Key publications: 
  1. Shareef, A., Shahbaz, M. and Hille, E. (2019). The Transportation-Growth Nexus in USA: Fresh Insights from Pre-Post Global Crisis Period. Transportation Research Part A: Policy and Practice, 121, 108-121.
  2. Shahbaz, M. and Sinha, A. (2019). Environmental Kuznets curve for CO2 Emissions: A Literature Survey. Journal of Economic Studies, 46, 106-168.
  3. Zafar, M. W., Shahbaz, M., Hou, F. and Sinha, A. (2019). From Nonrenewable to Renewable Energy and Its Impact on Economic Growth: The Role of Research & Development. Journal of Cleaner Production, 212, 1166-1178.  
  4. Shahbbaz, M., Lahiani, A., Benkraiem, R. and Miloudi, A. (2019). The Asymmetric Role of Shadow Economy in the Energy-Growth Nexus in Bolivia. Energy Policy, 125, 405-417.
  5. Shahbaz, M., Adebola, S. S. and Hammoudeh, S. (2019). Sustainable Economic Development in China: Modelling the Role of Hydroelectricity Consumption in a Multivariate Framework. Energy, 168, 516-531.
  6. Erik, H. and Shahbaz, M. (2019). Sources of Emission Reductions: Market and Policy-stringency Effects. Energy Economics, 78, 29-43.
  7. Shahbaz, M., Gozgor, G. and Hammoudeh, S. (2019). Human Capital and Export Diversification as New Determinants of Energy Demand in the United States. Energy Economics, 78, 335-349.
  8. Suleman, S., Tiwari, A. K. and Shahbaz, M. (2019). The Importance of Oil Asset for Portfolio Optimization: The Analysis of Firm Level Stocks. Energy Economics, 78, 217-234.
  9. Shahbaz, M., Mahalik, M. K., Shahbaz, S. J. H. and Hammoudeh, S. (2019). Does the Environmental Kuznets Curve Exist between Globalization and Energy Consumption? Global Evidence from the Cross-Correlation Method. International Journal of Economics & Finance, 24, 540-557.
  10. Tiwari, A. K., Khalfaour, R., Adebola, S. S. and Shahbaz, M. (2018). Analyzing the time-frequency lead–lag relationship between oil and agricultural commodities. Energy Economics, 76, 470-494.
  11. Nasir, M. A., Naidoo, L., Shahbaz, M. and Amoo, L. (2018). Implications of Oil Prices Shocks for the Major Emerging Economies: A Comparative Analysis of BRICS. Energy Economics, 76, 76-88.
  12. Sinha, A., Shahbaz, M. and Sengupta, T. (2018). Renewable Energy Policies and Contradictions in Causality: A case of Next 11 Countries. Journal of Cleaner Production, 197-73-84.  
  13. Jose, C. J. C., Samuel, F-W., Jabbour, A. B. L. S. and Shahbaz, M. (2018). Too-Much-of-a-Good-Thing'? The Role of Advanced Eco-Learning and Contingency Factors on the Relationship between Corporate Environmental and Financial Performance. Journal of Environmental Management, 220, 163-172.
  14. Sinha, A. and Shahbaz, M. (2018). Estimation of Environmental Kuznets Curve for CO2 Emissions: Role of Renewable Energy Generation in India. Renewable Energy, 119, 703-711.
  15. Shahbaz, M., Nasir, M. A. and Roubaud, D. (2018). Environmental degradation in France: The effects of FDI, financial development, and energy innovations. Energy Economics, 74, 843-857.
  16. Solarin, S. A., Hamoudeh, S. and Shahbaz, M. (2018). Influence of Economic Factors on Disaggregated Islamic Banking Deposits: Evidence with Structural Breaks in Malaysia. Journal of International Financial Markets, Institutions & Money, 55, 13-28.
  17. Benkraim, R., Lahaini, A., Miloudi, A. and Shahbaz, M. (2018). New Insights into the US Stock Market Reactions to Energy Price Shocks. Journal of International Financial Markets, Institutions & Money, 56, 169-187.
  18. Samir, S., Shahbaz, M. and Akhtar, P. (2018). The Long-Run Relationships between Transport Energy Consumption, Transport Infrastructure, and Economic Growth in MENA Countries. Transportation Research Part A, 111, 78-95.
  19. Mamun, M., Sohag, K., Shahbaz, M. and Hammoudeh, S. (2018). Financial Markets, Innovations and Cleaner Energy Production in OECD Countries. Energy Economics, 72, 236-254.
  20. Victor, T., Shahbaz, M. and Gazi, S. (2018). Renewable Energy, Oil Prices, and Economic Activity: A Granger-causality in Quantiles Analysis. Energy Economics, 70, 440-452.
  21. Shahbaz, M., Lahaini, A., Homudeh, S. and Abosedra, S. (2018). The Role of Globalization in Energy Consumption: A Quantile Cointegrating Regression Approach. Energy Economics, 71, 161-170.
  22. Sinha, A. and Shahbaz, M. (2018). Estimation of Environmental Kuznets Curve for CO2 emissions: Role of Renewable Energy Generation in India. Renewable Energy, 119, 703-711.
  23. Shahbaz, M., Bhattacharya, M. and Mahalik, M. K. (2018). Financial Development, Industrialization, the Role of Institutions and Government: A Comparative Analysis between India and China. Applied Economics, 50, 1952-1977.
  24. Shahbaz, M., Mallick, H., Mahalik, M. K. and Hammoudeh, S. (2018). Is Globalziation Detrimental to Financial Development? Further Evidence from a Very Large Economy with Significant Orientation towards Policies. Applied Economics, 50, 574-595.
  25. Balsalobre-Lorente, D., Shahbaz, M., Roubaud, D. and Farhani, S. (2018). How Economic Growth, Renewable Electricity and Natural Resources Contribute to CO2 Emissions? Energy Policy, 113, 356-367.
  26. Khraief, N., Shahbaz, M., Mallick, H. and Nanthakumar, L. (2018). Estimation of Electricity Demand Function for Algeria: Revisit of Time Series Analysis. Renewable & Sustainable Energy Reviews, 4221-4234.
  27. Shahbaz, M., Sarwar, S., Wei, C. and Malik, M. N. (2017). Dynamics of Electricity Consumption, Oil Price and Economic Growth: Global Perspective. Energy Policy, 108, 256-270.
  28. Shahbaz, M., Benkraiem, R., Miloudi, M. and Lahiani, A. (2017). Production Function with Electricity Consumption and Policy Implications in Portugal. Energy Policy 110, 588-599.
  29. Shahbaz, M., Shafiullah, M., Papavassiliou, V. G. and Hammodeh, S. (2017). The CO2-Growth nexus revisited: A nonparametric analysis for G7 economies over nearly two centuries. Energy Economics, 65, 183-193.
  30. Bakhsh, K., Rose, S., Ali, M. F., Iqbal, N. and Shahbaz, M. (2017). Economic growth, CO2 emissions, Renewable waste and FDI relation in Pakistan: New Evidences from 3SLS. Journal of Environmental Management, 196, 627-632.
  31. Alvarez-Herranz, A., Balsalobre-Lorente, D., Shahbaz, M. and Cantos, J. M. (2017). Energy innovation and renewable energy consumption in the correction of air pollution levels. Energy Policy, 105, 386-397.
C-EENRG Fellow
Professor of Economics, Beijing Institute of Technology
Distinguished Research Fellow, University of Economics Ho Chi Minh City
Prof Dr Muhammad  Shahbaz