Investigation of environmental Kuznets curve for ecological footprint: The role of energy and financial development.
By M. Destek, S. Sarkodie. Science of the Total Environment, 2019
1,061 citations recorded by the source corpus.
Climate change has become a global phenomenon due to its threat to sustainable development. However, economic development plays a complementary role in both climate change and sustainability. Thus, the environmental Kuznets curve hypothesis is critical to climate change policy formulation and development strategies. Accordingly, this study examined the validity of environmental Kuznets curve hypothesis by investigating the relationship between economic growth, energy consumption, financial development, and ecological footprint for the period from 1977 to 2013 in 11 newly industrialized countries. For this purpose, the study employed both augmented mean group (AMG) estimator and heterogeneous panel causality method which are suitable for dependent and heterogeneous panels. The results of the estimator show that there is an inverted U-shaped relationship between economic growth and ecological footprint. According to the causality test results, it is concluded that there is bi-directional causality between economic growth and ecological footprint.
Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment
View Paper: https://www.semanticscholar.org/paper/387797aeb2219da000080cd319eee2213a12c9fd
How researchers see this paper
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In Economics and Econometrics
- Avik Sinha
- Muhammad Shahbaz
- F. Bekun
- Ilhan Ozturk
- Olimpia Neagu
- Ugur Korkut Pata
- Muntasir Murshed
- Arshian Sharif
In Environmental Engineering
- Olimpia Neagu
- Avik Sinha
- Ilhan Ozturk
- Ugur Korkut Pata
- F. Bekun
- Muntasir Murshed
- Arshian Sharif
- A. Jahanger
In Renewable Energy, Sustainability and the Environment
- Muhammad Shahbaz
- Avik Sinha
- Ilhan Ozturk
- F. Bekun
- Muntasir Murshed
- Olimpia Neagu
- Arshian Sharif
- Ugur Korkut Pata
Citations in the corpus
- Nexus between Financial Development, Renewable Energy Consumption, Technological Innovations and CO2 Emissions: The Case of India (2021, background): “on the ecosystem [16,17] has become a hot topic; the present study, therefore, adds financial development into energy-growth-environmental links and looks at its importance in India for sustained growth.”
- Financial development and ecological footprint: A global panel data analysis (2019, methodology): “Econometric Model The relationship between FD and environmental degradation is empirically tested by many studies (Katircioglu & Taşpinar, 2017; Destek & Sarkodie, 2019).”
- Do Economic Policy Uncertainty and Geopolitical Risk Lead to Environmental Degradation? Evidence from Emerging Economies (2021, methodology): “Thus, it is not necessary to check unit-root and co-integration before employing AMG estimator [21].”
- Financial development, globalization and ecological footprint in G7: further evidence from threshold cointegration and fractional frequency causality tests (2020, background): “Destek (2019) employed heterogeneous panel estimators and causality tests for 17 emerging countries from 1991 to 2013 and concluded that the overall financial development index and stock market development reduce EF.”
- Economic Complexity and Ecological Footprint: Evidence from the Most Complex Economies in the World (2020, background): “Destek and Sarkodie (2019) [39] confirmed the validity of the EKC hypothesis on 11 newly industrialised countries.”