Analysis of the dynamics of environmental degradation for 18 upper middle-income countries: the role of financial development
Yükleniyor...
Dosyalar
Tarih
2022
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Springer Heidelberg
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims at investigating the dynamics of environmental degradation by focusing on the financial development-CO2 emissions link. In this purpose, economic growth, renewable energy consumption, trade openness and urbanization are integrated into the CO2 emissions model as other explanatory variables. In this study, 18 upper-middle-income countries with the highest growth rate in the world are examined for the period 1990-2018 by AMG method, which considers the cross-sectional dependence and slope heterogeneity. In addition, the causal linkages between variables are explored by Dumitrescu-Hurlin panel bootstrap causality technique. As a result of the study, it is found that financial development and renewable energy consumption reduce CO2 emissions. In addition, it is determined that economic growth, urbanization, and trade openness deteriorate the environmental quality. As a result of causality analysis, while one-way is found from renewable energy consumption to CO2 emissions, a bidirectional causality is observed between financial development and CO2 emissions. Empirical findings provide several policy suggestions that decrease CO2 emissions in these countries.
Açıklama
Anahtar Kelimeler
Financial Development, Co2 Emissions, Amg, Bootstrap Causality, Renewable Energy-Consumption, Carbon-Dioxide Emissions, Affect Co2 Emissions, Kuznets Curve Hypothesis, Panel-Data Evidence, Economic-Growth, International-Trade, Nonrenewable Energy, Long-Run, Stock-Market
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
29
Sayı
43
