How do equity market performance and ict influence clean energy consumption in high-income countries?
Küçük Resim Yok
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
IGI Global
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this study is to examine whether equity market development and ICT affect clean energy consumption in 18 high-income countries during the period 1990-2015. In the analysis, firstly, the stationarity properties of the variables are tested with the CADF and CIPS tests. In the second stage, cointegration between the variables in the model is investigated by Westerlund, Kao, and Pedroni methods. In the next step, the long-run elasticities of the variables are estimated using the PCSE and FGLS methods. The causality between the variables is also determined by applying the Dumitrescu-Hurlin panel causality method. According to findings, cointegration between clean energy consumption and equity market development, ICT, economic growth, and CO2 emissions variables, which integrated at I(1) level, is proven. The long-term findings showed that the equity market, ICT, and economic growth encourage clean energy consumption of 18 high-income countries, and CO2 emissions also prevent them. In addition, there is bidirectional causality between clean energy consumption and other variables. © 2023 by IGI Global. All rights reserved.
Açıklama
Anahtar Kelimeler
Kaynak
Climate Change Management and Social Innovations for Sustainable Global Organization
