Human capital, economic complexity, and ecological footprints: Crafting a sustainable development policy framework for E7 nations

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dc.authorid0000-0001-6666-2953
dc.authorid0000-0002-3055-7729
dc.contributor.authorHong, Tao
dc.contributor.authorYin, Jie
dc.contributor.authorLatif, Muhammad Nouman
dc.contributor.authorAhmad, Mahmood
dc.date.accessioned2024-07-09T05:46:23Z
dc.date.available2024-07-09T05:46:23Z
dc.date.issued2024
dc.departmentİHÜ, Lisansüstü Eğitim Enstitüsü, İktisat Ana Bilim Dalı
dc.description.abstractClimate change is one of the most pressing challenges of our time, with far-reaching implications for ecosystems, economies, and societies worldwide. Human capital (HUC) and economic complexity (ECC) "understood as structural transformation toward more sophisticated and knowledge-based production" can be pivotal in curtailing ecological degradation. In this context, the study explores the intricate relationship between HUC, financial development, financial globalization, gross domestic product, ECC, and ecological footprints from 1995 to 2021. To achieve this objective, advanced econometric estimation methods are employed. The results indicate the presence of cross-sectional dependence and slope heterogeneity in the dataset. The variables present a mixed order of stationarity, while the Westerlund test indicates the presence of a long-run equilibrium association. The results from the Method of Moments Quantile regression indicate that ECC posed a positive but insignificant effect in the lower quantile (tau = 0.1-0.25), while negative and significant in the middle (tau = 0.50) and upper quantiles (tau = 0.75-0.90). Moreover, financial globalization negatively and significantly affects ecological footprints through all the quantiles except the lower quantile (tau = 0.1). Financial development, gross domestic product, and HUC enhance environmental degradation by escalating ecological footprints. Based on the results, the study suggested enhancing the ECC and financial globalization, while sustainable utilization of HUC and strict regulations for the financial sector to foster sustainable development in E7 countries.
dc.identifier.citationHong, T., Yin, J., Latif, M. N. ve Ahmad, M. (2024). Human capital, economic complexity, and ecological footprints: Crafting a sustainable development policy framework for E7 nations. Natural Resources Forum, 1-18. https://www.doi.org/10.1111/1477-8947.12520
dc.identifier.doi10.1111/1477-8947.12520
dc.identifier.endpage18
dc.identifier.issn0165-0203
dc.identifier.issn1477-8947
dc.identifier.scopus2-s2.0-85197296781
dc.identifier.scopusqualityQ2
dc.identifier.startpage1
dc.identifier.urihttps://www.doi.org/10.1111/1477-8947.12520
dc.identifier.urihttps://hdl.handle.net/20.500.12154/2918
dc.identifier.wosWOS:001256927100001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.institutionauthorLatif, Muhammad Nouman
dc.institutionauthorid0000-0002-3055-7729
dc.language.isoen
dc.publisherWiley
dc.relation.ispartofNatural Resources Forum
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Öğrenci
dc.relation.publicationcategoryÖğrenci
dc.rightsinfo:eu-repo/semantics/openAccess
dc.subjectEcological Footprints
dc.subjectEconomic Complexity
dc.subjectHuman Capital
dc.subjectMMQR
dc.subjectSustainable Development
dc.titleHuman capital, economic complexity, and ecological footprints: Crafting a sustainable development policy framework for E7 nations
dc.typeArticle
dspace.entity.typePublication

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