Investigating the nexus between economic complexity and energy-related environmental risks in the USA: Empirical evidence from a novel multivariate quantile-on-quantile regression

被引：42

作者：

Ozkan, Oktay ^{[1
]}

Haruna, Roselyn Afor ^{[2
]}

Alola, Andrew Adewale ^{[3
,6
]}

Ghardallou, Wafa ^{[4
]}

Usman, Ojonugwa ^{[5
]}

机构：

[1] Tokat Gaziosmanpasa Univ, Fac Econ & Adm Sci, Dept Business Adm, Tokat, Turkiye

[2] Salem Univ Lokoja, Coll Management & Social Sci, Dept Accounting, PMB 1060, Lokoja, Kogi, Nigeria

[3] Inland Norway Univ Appl Sci, CREDS Ctr Res Digitalizat & Sustainabil, N-2418 Elverum, Norway

[4] Princess Nourah Bint Abdulrahman Univ, Coll Business Adm, Dept Accounting, POB 84428, Riyadh 11671, Saudi Arabia

[5] Istanbul Ticaret Univ, Econ & Finance Applicat & Res Ctr, Istanbul, Turkiye

[6] Nisantasi Univ, Fac Econ Adm & Social Sci, Istanbul, Turkiye

来源：

STRUCTURAL CHANGE AND ECONOMIC DYNAMICS | 2023年 / 65卷

关键词：

USA; Economic complexity; Energy-related environmental risks; Environmental sustainability; Multivariate QQR;

D O I：

10.1016/j.strueco.2023.03.010

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study uses the economic complexity index to examine how knowledge accumulation and its uses affect energy-related environmental risks in the USA over the period 1995:Q1-2020:Q4. To this end, we extend the traditional bivariate Quantile-on-Quantile Regression to the multivariate case. The empirical results provide time-varying effects of economic complexity, economic growth, FDI, trade openness, and urbanization on energyrelated environmental risks. Particularly, the effect of economic complexity is negative and weak in the extremely lower quantiles of energy-related environmental risks, while it is positive and stronger in the middle and higher quantiles. The implication of these results is that economic complexity only condenses energy-related environmental risks when such environmental risks caused by energy-related factors are extremely low. Furthermore, economic growth and tradeopenness stimulate energy-related environmental risks but the effects of FDI and urbanization reduce energy-related environmental risks. Therefore, these findings provide insights into achieving environmental sustainability targets in the USA.

引用

页码：382 / 392

页数：11

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