Testing the long-run effects of economic growth, financial development and energy consumption on CO2 emissions in Turkey: new evidence from RALS cointegration test

被引：0
作者：
Murat Doğanlar
Faruk Mike
Oktay Kızılkaya
Selin Karlılar
机构：
[1] International Vision University,Institute of Social Sciences
[2] Hakkari University,Faculty of Economics and Administrative Sciences, Department of Economics
[3] Malatya Turgut Özal University,Faculty of Business Administration and Management, Department of International Trade and Finance
[4] Eastern Mediterranean University,Faculty of Business and Economics, Department of Economics
来源：
Environmental Science and Pollution Research | 2021年 / 28卷
关键词：
CO; emissions; Economic growth; Energy consumption; Financial development; RALS cointegration; Turkey; Q4; Q5; C32;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This study analyses the long-run effects of economic growth, energy consumption and financial development on carbon dioxide (CO2) emissions in Turkey using annual time series data for the period 1965–2018. This research investigates the relationship between the variables using a RALS-EG (residual augmented least squares–Engle and Granger) cointegration test procedure developed by Lee et al. Stud Nonlinear Dyn Econ 19:397–413, (2015). In addition, this study uses a bootstrap causality analysis developed by Hacker and Hatemi-J J Econ Stud 39:144–160, (2012) to specify the causal relationship between the series. RALS cointegration test results show a long-run relationship between CO2 emissions and economic growth, energy consumption and financial development. According to a dynamic ordinary least squares estimation, economic growth has a negative and statistically significant effect on CO2 emissions, whereas energy consumption and financial development have positive and statistically significant effects on CO2 emissions in the long run. In particular, energy consumption is the most effective parameter of environmental pollution in Turkey. However, the causality test results indicate a unidirectional causal relationship from financial development to CO2 emissions, economic growth and energy consumption. Increasing the investment in renewable energy sources will be an effective policy tool to improve the environmental quality in Turkey.
引用
收藏
页码：32554 / 32563
页数：9
相关论文
共 138 条
  • [1] Abosedra S(2015)The links between energy consumption, financial development, and economic growth in Lebanon: evidence from cointegration with unknown structural breaks J Energy 2015 1-15
  • [2] Shahbaz M(2013)Financial development and economic growth in Ghana: does the measure of financial development matter? Rev Dev Finance 3 192-203
  • [3] Sbia R(2009)The relationship between income and environment in Turkey: is there an environmental Kuznets curve? Energy Policy 37 861-867
  • [4] Adu G(2011)Oil consumption, CO Energy 36 6165-6171
  • [5] Marbuah G(2015) emission and economic growth in MENA countries Renew Sust Energ Rev 50 918-924
  • [6] Mensah JT(2017)Estimating the environment Kuznets curve hypothesis: evidence from Latin America and the Caribbean countries Renew Sust Energ Rev 68 808-824
  • [7] Akbostancı E(2007)Energy consumption, CO Energy Policy 35 4772-4778
  • [8] Türüt-Aşık S(2000) emissions, and economic growth: an ethical dilemma World Bank Econ Rev 14 597-605
  • [9] Tunç Gİ(2011)CO Energy Econ 33 782-789
  • [10] Al-Mulali U(2014) emissions, energy consumption, and output in France Econ Model 40 33-41
12345678910