Unlocking time-quantile impact of energy vulnerability, financial development, and political globalization on environmental sustainability in Turkey: Evidence from different pollution indicators

被引:26
作者
Ozkan, Oktay [1 ]
Degirmenci, Tunahan [2 ,5 ]
Destek, Mehmet Akif [3 ,4 ,5 ]
Aydin, Mucahit [5 ,6 ,7 ]
机构
[1] Tokat Gaziosmanpasa Univ, Fac Econ & Adm Sci, Dept Business Adm, Tokat, Turkiye
[2] Sakarya Univ, Fac Polit Sci, Dept Publ Finance, Esentepe Campus, Sakarya, Turkiye
[3] Gaziantep Univ, Dept Econ, Gaziantep, Turkiye
[4] Lebanese Amer Univ, Adnan Kassar Sch Business, Beirut 11022801, Lebanon
[5] Azerbaijan State Univ Econ UNEC, UNEC Res Methods Applicat Ctr, Istiqlaliyyat Str 6, Baku 1001, Azerbaijan
[6] Sakarya Univ, Fac Polit Sci, Dept Econometr, Esentepe Campus, Sakarya, Turkiye
[7] Western Caspian Univ, Econ & Business, Baku, Azerbaijan
关键词
Load capacity factor; Ecological footprint; Energy vulnerability; Financial development; Political globalization; KUZNETS CURVE HYPOTHESIS; CO2; EMISSIONS; ECONOMIC-GROWTH; UNIT-ROOT; STRUCTURAL-CHANGE; RENEWABLE ENERGY; HAVEN HYPOTHESIS; CARBON EMISSIONS; QUALITY; CONSUMPTION;
D O I
10.1016/j.jenvman.2024.121499
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
Increasing energy vulnerability can cause environmental pollution by increasing fossil fuel consumption. If it leads to cost-cutting-oriented industry growth, financial development can lead to environmental regulations being ignored, compromising environmental quality. Political globalization and economic growth can increase short-term environmental pressures, straining long-term ecological balance and causing habitat loss and pollution. This study investigates the impact of energy vulnerability, financial development, and political globalization on environmental sustainability in Turkey for the 2000-2019 period using with wavelet quantile-based techniques. According to results, while the negative effect of energy vulnerability on environmental quality is lower in the short term, the size of the effect increases in the medium and long term. In addition, at low quantiles of environmental quality, the negative effect of financial development is low in the short and long term, while the effect becomes evident in the long term. Moreover, the effects of political globalization on environmental quality are positive in all quantiles. Additionally, the harmful effects of economic growth are more evident at lower quantiles of environmental quality. Turkey should increase its clean energy investments by using its geographically advantageous location. Policymakers should also prioritize environmental regulations and promote sustainable practices in industries. Incentives for cleaner production technologies and environmentally friendly initiatives can help steer the financial sector towards more responsible and environmentally friendly practices. Additionally, the study suggests that increasing institutional capacity and aligning national policies with international agreements can accelerate the positive effects of political globalization.
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页数:15
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