Investigation of environmental Kuznets curve for ecological footprint: the role of energy and financial development

Mehmet Akif Destek, Samuel Asumadu Sarkodie

Research output: Contribution to journalArticleResearchpeer-review

Abstract

Climate change has become a global phenomenon due to its threat to sustainable development. However, economic development plays a complementary role in both climate change and sustainability. Thus, the environmental Kuznets curve hypothesis is critical to climate change policy formulation and development strategies. Accordingly, this study examined the validity of environmental Kuznets curve hypothesis by investigating the relationship between economic growth, energy consumption, financial development, and ecological footprint for the period from 1977 to 2013 in 11 newly industrialized countries. For this purpose, the study employed both augmented mean group (AMG) estimator and heterogeneous panel causality method which are suitable for dependent and heterogeneous panels. The results of the estimator show that there is an inverted U-shaped relationship between economic growth and ecological footprint. According to the causality test results, it is concluded that there is bi-directional causality between economic growth and ecological footprint.

LanguageEnglish
Pages2483-2489
Number of pages7
JournalScience of the Total Environment
Volume650
Issue number2
DOIs
Publication statusPublished - 10 Feb 2019

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Kuznets curve
ecological footprint
economic growth
Climate change
Economics
climate change
energy
Sustainable development
policy strategy
development strategy
sustainable development
economic development
sustainability
Energy utilization

Keywords

  • Dependency
  • Ecological footprint
  • Economic growth
  • Energy consumption
  • Heterogeneity

Cite this

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Investigation of environmental Kuznets curve for ecological footprint : the role of energy and financial development. / Destek, Mehmet Akif; Sarkodie, Samuel Asumadu.

In: Science of the Total Environment, Vol. 650, No. 2, 10.02.2019, p. 2483-2489.

Research output: Contribution to journalArticleResearchpeer-review

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