Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries

Detalhes bibliográficos
Autor(a) principal: Martins, J.
Data de Publicação: 2021
Outros Autores: Adebayo, T. S., Mata, M. N., Oladipupo, S. D., Adeshola, I., Ahmed, Z., Correia, A. B.
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10071/23343
Resumo: The continuous growth in CO2 emissions of nations around the globe has made achieving the aim of sustainable development extremely challenging. Therefore, the current research assesses the connection between CO2 emissions and economic complexity in the top 7 economic complexity countries while taking into account the role of economic growth, renewable energy consumption, and globalization for the period between 1993 and 2018. The research aims to answer the following questions: 1) What is the association between CO2 and the regressors in the long-run? 2) What are the effects of renewable energy consumption, economic growth, economic complexity, and globalization on CO2 emissions? The research utilized the CS-ARDL, CCEMG and panel causality approaches to investigate these interconnections. The empirical outcomes revealed that economic growth and economic complexity increase CO2 emissions while renewable energy consumption and globalization mitigate CO2 emissions. The outcomes of the causality test revealed a feedback causal connection between economic growth and CO2, while a unidirectional causality was established from economic complexity, globalization and renewable energy consumption to CO2 emissions in the top 7 economic complexity countries.
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spelling Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countriesCO2 emissionsEconomic complexityGlobalizationRenewable energy consumptionEconomic growthThe continuous growth in CO2 emissions of nations around the globe has made achieving the aim of sustainable development extremely challenging. Therefore, the current research assesses the connection between CO2 emissions and economic complexity in the top 7 economic complexity countries while taking into account the role of economic growth, renewable energy consumption, and globalization for the period between 1993 and 2018. The research aims to answer the following questions: 1) What is the association between CO2 and the regressors in the long-run? 2) What are the effects of renewable energy consumption, economic growth, economic complexity, and globalization on CO2 emissions? The research utilized the CS-ARDL, CCEMG and panel causality approaches to investigate these interconnections. The empirical outcomes revealed that economic growth and economic complexity increase CO2 emissions while renewable energy consumption and globalization mitigate CO2 emissions. The outcomes of the causality test revealed a feedback causal connection between economic growth and CO2, while a unidirectional causality was established from economic complexity, globalization and renewable energy consumption to CO2 emissions in the top 7 economic complexity countries.Frontiers Media S.A.2021-10-15T16:06:46Z2021-01-01T00:00:00Z20212021-10-15T17:05:40Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10071/23343eng2296-665X10.3389/fenvs.2021.744781Martins, J.Adebayo, T. S.Mata, M. N.Oladipupo, S. D.Adeshola, I.Ahmed, Z.Correia, A. B.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:25:54Zoai:repositorio.iscte-iul.pt:10071/23343Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:11:34.221134Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
title Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
spellingShingle Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
Martins, J.
CO2 emissions
Economic complexity
Globalization
Renewable energy consumption
Economic growth
title_short Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
title_full Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
title_fullStr Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
title_full_unstemmed Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
title_sort Modeling the relationship between economic complexity and environmental degradation: Evidence from top seven economic complexity countries
author Martins, J.
author_facet Martins, J.
Adebayo, T. S.
Mata, M. N.
Oladipupo, S. D.
Adeshola, I.
Ahmed, Z.
Correia, A. B.
author_role author
author2 Adebayo, T. S.
Mata, M. N.
Oladipupo, S. D.
Adeshola, I.
Ahmed, Z.
Correia, A. B.
author2_role author
author
author
author
author
author
dc.contributor.author.fl_str_mv Martins, J.
Adebayo, T. S.
Mata, M. N.
Oladipupo, S. D.
Adeshola, I.
Ahmed, Z.
Correia, A. B.
dc.subject.por.fl_str_mv CO2 emissions
Economic complexity
Globalization
Renewable energy consumption
Economic growth
topic CO2 emissions
Economic complexity
Globalization
Renewable energy consumption
Economic growth
description The continuous growth in CO2 emissions of nations around the globe has made achieving the aim of sustainable development extremely challenging. Therefore, the current research assesses the connection between CO2 emissions and economic complexity in the top 7 economic complexity countries while taking into account the role of economic growth, renewable energy consumption, and globalization for the period between 1993 and 2018. The research aims to answer the following questions: 1) What is the association between CO2 and the regressors in the long-run? 2) What are the effects of renewable energy consumption, economic growth, economic complexity, and globalization on CO2 emissions? The research utilized the CS-ARDL, CCEMG and panel causality approaches to investigate these interconnections. The empirical outcomes revealed that economic growth and economic complexity increase CO2 emissions while renewable energy consumption and globalization mitigate CO2 emissions. The outcomes of the causality test revealed a feedback causal connection between economic growth and CO2, while a unidirectional causality was established from economic complexity, globalization and renewable energy consumption to CO2 emissions in the top 7 economic complexity countries.
publishDate 2021
dc.date.none.fl_str_mv 2021-10-15T16:06:46Z
2021-01-01T00:00:00Z
2021
2021-10-15T17:05:40Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10071/23343
url http://hdl.handle.net/10071/23343
dc.language.iso.fl_str_mv eng
language eng
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10.3389/fenvs.2021.744781
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dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Frontiers Media S.A.
publisher.none.fl_str_mv Frontiers Media S.A.
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
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