Does environmental sustainability afect the renewable energy consumption? Nexus among trade openness, CO2 emissions, income inequality, renewable energy, and economic growth in OECD countries

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dc.authorid0000-0003-4747-9680
dc.authorid0000-0002-5738-7563
dc.authorscopusid57210377272
dc.authorscopusid57339987700
dc.authorscopusid57208404480
dc.authorscopusid57571467400
dc.authorscopusid57208395493
dc.contributor.authorÖzcan, Rasim
dc.contributor.authorMuhammad, Iftikhar
dc.contributor.authorJain, Vipin
dc.contributor.authorSharma, Paritosh
dc.contributor.authorShahzad Shabbir, Malik
dc.contributor.otherYönetim Bilimleri Fakültesi, İktisat Bölümü
dc.date.accessioned2022-08-02T10:47:57Z
dc.date.available2022-08-02T10:47:57Z
dc.date.issued2022
dc.departmentİHÜ, Yönetim Bilimleri Fakültesi, İktisat Bölümü
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractThis study investigates the impact of carbon emissions, real oil prices, income inequality, economic growth, and trade openness on renewable energy consumption (REC) in twenty-three (23) OECD economies. The study employs the Westerlund panel cointegration technique to verify the existence of long-run equilibrium and the Augmented Mean Group (AMG) estimator to assess the long-run relationship between the variables, which allows for slope heterogeneity and cross-sectional dependency. Moreover, the panel causality test of Dumitrescu and Hurlin (DH) is utilized to gauge the causal relationship between the variables. The fndings of our study reveal that REC is positively related to economic growth, real oil prices, income inequality, and trade openness, but negatively related to CO2 emissions in OECD countries. In addition, there is one-way causality from GDP per capita to renewable energy consumption and a bidirectional causality between income inequality and REC. Furthermore, the results indicate that OECD policymakers and governments should regard foreign trade as a “clean energy fostering mechanism” while developing energy demand policies that are environmentally friendly.
dc.identifier.citationMuhammad, I., Özcan, R., Jain, V., Sharma, P. ve Shahzad Shabbir, M. (2022). Does environmental sustainability affect the renewable energy consumption? Nexus among trade openness, CO2 emissions, income inequality, renewable energy, and economic growth in OECD countries. Environmental Science and Pollution Research. https://doi.org/10.1007/s11356-022-22011-1
dc.identifier.doi10.1007/s11356-022-22011-1
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.scopus2-s2.0-85134691772
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1007/s11356-022-22011-1
dc.identifier.urihttps://hdl.handle.net/20.500.12154/1862
dc.identifier.wosWOS:000828463100015
dc.identifier.wosqualityQ2
dc.indekslendigikaynakPubMed
dc.indekslendigikaynakScopus
dc.indekslendigikaynakWeb of Science
dc.institutionauthorMuhammad, Iftikhar
dc.institutionauthorÖzcan, Rasim
dc.institutionauthorid0000-0003-4747-9680
dc.institutionauthorid0000-0002-5738-7563
dc.language.isoen
dc.publisherSpringer Nature
dc.relation.ihupublicationcategory115
dc.relation.ispartofEnvironmental Science and Pollution Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.relation.publicationcategoryTezden Üretilmiş Yayın - Doktora Mezuniyet Şartı
dc.relation.publicationcategoryTezden Üretilmiş Yayın
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectTrade Openness
dc.subjectRenewable Energy Consumption
dc.subjectIncome Inequality
dc.subjectAMG Estimator
dc.subjectOECD Countries
dc.titleDoes environmental sustainability afect the renewable energy consumption? Nexus among trade openness, CO2 emissions, income inequality, renewable energy, and economic growth in OECD countries
dc.typeArticle
dspace.entity.typePublication
relation.isAuthorOfPublication6d8c0e0e-dd75-4202-8a3f-76230fd2a682
relation.isAuthorOfPublication.latestForDiscovery6d8c0e0e-dd75-4202-8a3f-76230fd2a682
relation.isOrgUnitOfPublication9d1809d1-3541-41aa-94ed-639736b7e16f
relation.isOrgUnitOfPublication.latestForDiscovery9d1809d1-3541-41aa-94ed-639736b7e16f

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