Investigating the nexus between economic complexity, energy consumption and ecological footprint for the United States: New insights from quantile methods
By Umer Shahzad, Z. Fareed, Farrukh Shahzad, K. Shahzad. Journal of Cleaner Production, 2021
359 citations recorded by the source corpus.
Abstract The prime objective of this study is to investigate the nexus between economic complexity, fossil fuels energy and ecological footprint in the United States. This is probably the first research to explore the role of economic complexity for environmental quality, in the objective to report new solutions for climate change issues. More specifically, the study investigates the linear and asymmetric impacts of economic complexity and fossil fuel energy use on ecological footprint by using the extensive data spanning the period of 1965Q1 to 2017Q4. For empirical analysis, the authors employ the newly developed quantile unit root test, quantile autoregressive distributed lag (QARDL), and quantile Granger causality tests. The quantile autoregressive distributed lag (QARDL) analysis confirmed that economic complexity and fossil fuel energy consumption significantly enhance the ecological footprint in the United States. Further, the quantile causality empirics suggested the existence of causal relationships between economic complexity and energy consumption with the ecological footprint.
Subfields: Economics and Econometrics, Management Science and Operations Research
View Paper: https://www.semanticscholar.org/paper/ae0f03b9921062b5f49bbec6a0f0da7d33addee9
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Economics and Econometrics
- F. Bekun
- Olimpia Neagu
- Festus Fatai Adedoyin
- M. Agboola
- Ilhan Ozturk
- Muhammad Shahbaz
- Avik Sinha
- Mahamat Hamit-haggar
In Management Science and Operations Research
Citations in the corpus
- Economic Complexity and Ecological Footprint: Evidence from the Most Complex Economies in the World (2020, background): “The US economy was also investigated by Shahzad et al. (2021) [53], who confirmed that economic complexity and fossil fuel energy consumption raised the ecological footprint.”
- Environmental consequences of economic complexities in the EU amidst a booming tourism industry: Accounting for the role of brexit and other crisis events (2021, background): “economic growth, Shaheen et al. (2019) examined the relationship between international tourism, demand for energy, CO2 emissions, and economic growth by utilizing 10 tourism inclined countries.”