Oil Price, Energy Consumption, and CO2 Emissions in Turkey. New Evidence from a Bootstrap ARDL Test

Abumunshar, Mohammed; Ağa, Mehmet; Samour, Ahmed

doi:10.3390/en13215588

Cited by 61 publications

(25 citation statements)

References 44 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Bento and the authors of [17] tested the influence of fossil fuels consumption and economic growth on CO 2 emissions in Italy over the tested period from 1960-2011, the outcomes found that fossil fuels energy and GDP positively affect CO 2 emissions, and suggested that nonrenewable energy consumption has an inverse relation with carbon emission. The authors of [18] used the ARDL approach, and examined the validity of the EKC in Turkey. The findings affirmed that an increase in real GDP and energy consumption increased carbon emissions for this country.…”

Section: Review Of the Empirical Literaturementioning

confidence: 99%

Insurance Market Development, Energy Consumption, and Turkey’s CO2 Emissions. New Perspectives from a Bootstrap ARDL Test

Altarhouni

Danju

Samour³

2021

Energies

Self Cite

View full text Add to dashboard Cite

Many empirical studies have tested the linkage among CO2 emissions, economic growth, and consumption of energy; however, most have not tested the possible influence of insurance market development on their frameworks. This research aims to provide new perspectives on the empirical literature by exploring the role of insurance market development on environmental degradation. The study utilizes a new technique of the bootstrap Autoregressive Distributed Lag (ARDL) test as introduced by (McNown et al., 2018). The ARDL testing approach is utilized to explore the short and long linkage between the examined variables. Furthermore, the research utilized the Granger causality to explore the of causality linkage among the selected variables. The findings illustrate that economic growth and consumption of nonrenewable energy have positive influence on CO2 emissions. Furthermore, the findings illustrate that the insurance market development has a positive influence on the levels of Turkey’s carbon emissions; this finding is also confirmed through the economic growth channel. The outcomes of the current study suggested that the Turkish policy makers should make strategies and policies to ensure the sustainable development of insurance markets, to reduce environmental degradation by supporting the projects, and to invest in clean energy sources.

show abstract

Section: Review Of the Empirical Literaturementioning

confidence: 99%

Insurance Market Development, Energy Consumption, and Turkey’s CO2 Emissions. New Perspectives from a Bootstrap ARDL Test

Altarhouni

Danju

Samour³

2021

Energies

Self Cite

View full text Add to dashboard Cite

show abstract

“…The most prominent global environmental agreements are the Kyoto Protocol (1997) and the Paris agreement (2015). These agreements strongly recommend energy efficiency improvements and green energy sources as optimal solutions to reduce the amount of carbon dioxide [1]. By complying with global environmental agreements, several developed and developing countries have considered sources of renewable energy as alternative green energy sources.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Financial Development and FDI on Renewable Energy in the UAE: A Path towards Sustainable Development

Samour¹,

Baskaya²,

Türsoy³

2022

Sustainability

Self Cite

153

View full text Add to dashboard Cite

Several empirical studies have explored the influence of financial development on energy consumption; however, the impact of financial development, economic growth, and FDI on renewable energy consumption (REC) has not been studied in the case of the UAE. For this purpose, the long and short-run interactions among economic growth, FDI, financial development, and renewable energy consumption are explored by applying the new technique of bootstrap autoregressive distributed lag, along with Granger causality analysis, in the context of the UAE for the period from 1989–2019. Using estimation techniques, the study reveals the main findings and implications for policymakers in the UAE. The present research provides significant empirical evidence that financial development, FDI, and economic growth can significantly increase renewable energy consumption in the UAE. Therefore, it is essential to promote financial development in the UAE in order to avert the financial risks that undermine the stability of the financial markets and that negatively affect the REC. Furthermore, policymakers in the UAE should promote the concept of green finance and should provide more funds for investments in green energy for sustainable energy development in the UAE.

show abstract

“…Multiple regression for the nonstationary data may generate a spurious regression that leads to unreliable results. Autoregressive and distributed lag (ARDL) takes into account sufficient lags of variables to avoid nonstationarity [25][26][27]. The Durbin-Watson test is used to verify the reliability of the analysis.…”

Section: Top-down Econometric-based Demand Modelmentioning

confidence: 99%

Scenario Analysis of the Low Emission Energy System in Pakistan Using Integrated Energy Demand-Supply Modeling Approach

Abrar

Farzaneh

2021

Energies

View full text Add to dashboard Cite

Pakistan’s dependence on energy imports, inefficient power generation and distribution, and lack of planned investment have made the country’s economy vulnerable. Low carbon and resilient climate development in Pakistan can help to ensure climate action and reduce the chronic energy deficit ailing the country’s economy, society, and environment. This study focuses on developing and applying an integrated energy supply-demand modeling framework based on a combination of microeconomics and system integration theories, which can be used to address policies that could dramatically change the future course of Pakistan toward a low emission energy system. The methodology involves medium-term forecasting of energy demand using an integration of top-down and bottom-up modeling approaches. The demand-side model is interlinked with a bottom-up technology assessment supply model. The objective of the supply-side model is to identify the optimal combination of resources and technologies, subject to satisfying technical, institutional, environmental, and economic constraints, using the cost minimization approach. The proposed integrated model is applied to enable a complete perspective to achieve overall reductions in energy consumption and generation and better analyze the effects of different scenarios on both energy demand and supply sides in Pakistan. The results revealed that, in the baseline case, the energy demand is expected to increase from 8.70 Mtoe [106.7 TWh] to 24.19 Mtoe [297.2 TWh] with an annual average growth rate of 6.60%. Increasing the share of renewable energy power generation by 2030 can help to reduce emissions by 24%, which is accompanied by a 13% increase in the total cost of power generation.

show abstract

Oil Price, Energy Consumption, and CO2 Emissions in Turkey. New Evidence from a Bootstrap ARDL Test

Cited by 61 publications

References 44 publications

Insurance Market Development, Energy Consumption, and Turkey’s CO2 Emissions. New Perspectives from a Bootstrap ARDL Test

Insurance Market Development, Energy Consumption, and Turkey’s CO2 Emissions. New Perspectives from a Bootstrap ARDL Test

The Impact of Financial Development and FDI on Renewable Energy in the UAE: A Path towards Sustainable Development

Scenario Analysis of the Low Emission Energy System in Pakistan Using Integrated Energy Demand-Supply Modeling Approach

Contact Info

Product

Resources

About