Testing validity of the EKC hypothesis in South Korea: role of renewable energy and trade openness

Koç, Süleyman; Bulus, Gokay Canberk

doi:10.1007/s11356-020-09172-7

Cited by 165 publications

(57 citation statements)

References 52 publications

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“…The finding illustrates that prior periods correction can be corrected by the subsequent periods. This result corroborates with past studies [22,26,31,54]. Furthermore, only energy usage significantly impact CO 2 emissions in the short run.…”

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 92%

“…The outcome complies with the findings of Zambrano-Monserrate et al [19], Ozatac et al [20], Pata [18], and Bekun et al [21]. However, the EKC hypothesis was refuted in the studies of Dogan and Inglesi-Lotz [28], Pata and Aydin [29], Koc and Bulus [31], and Dogan and Inglesi-Lotz [28]. Furthermore, Fig.…”

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 89%

“…It implies that a 1% increase in Mexico's energy usage will lead to a 1.29% increase in CO 2 emissions when other factors are held constant. The result aligns with prior studies [13,21,25,31]. The linkage between gross capital formation and CO 2 emissions is positive and statically significant.…”

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 89%

“…The outcome corroborates with the previous studies [14,27]. However, it does not comply with prior studies [31], Adebayo et al [13]. As anticipated, the ECM's coefficient is −0.91, which is negative and statistically significant at a 1% level of significance.…”

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 79%

“…The results showed that the EKC hypothesis is valid. In South Korea, Koc and Bulus [31] used yearly data for the period between 1971 and 2017 to examine the influence of trade openness, energy usage, renewable energy, and real growth on CO 2 emissions. The findings revealed an N-shaped relationship.…”

Section: Literature Reviewmentioning

confidence: 99%

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Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches

Adebayo

2020

SN Appl. Sci.

132

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This study aims to reexamine long-run and causal effects of trade openness, energy usage, gross capital formation, and real growth on CO 2 emissions in Mexico utilizing recent econometric techniques. The study utilizes yearly data spanning between 1971 and 2016. No prior study has used the wavelet coherence approach to collect information on the correlation and/or causal relation between these economic variables at different frequencies and time frames. Thus, this study proposes to fill the gap in the literature. The motives of the study are to address the questions: (a) Is the EKC hypothesis valid for Mexico? (b) Is there a long-run and causal relationship between CO 2 emissions and its determinants? (c) How are the indicators related at different frequencies and various periods? To capture long-run effects, the study utilized ARDL, FMOLS, and DOLS estimators, while wavelet coherence technique is utilized to explore causal effects among the variables. The empirical findings confirm that (a) EKC hypothesis is valid for Mexico; and (b) gross capital formation, energy usage, and economic growth impact CO 2 emissions positively. The wavelet coherence technique revealed (a) bidirectional causality between economic growth and CO 2 emissions; (b) unidirectional causality from CO 2 emissions to energy usage; and (c) one-way causality running from CO 2 emissions to gross capital formation. Based on these findings, recommendations were suggested.

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Section: Long-run and Short-run Estimations Findingssupporting

confidence: 92%

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 89%

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 89%

Section: Long-run and Short-run Estimations Findingssupporting

confidence: 79%

Section: Literature Reviewmentioning

confidence: 99%

See 3 more Smart Citations

Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches

Adebayo

2020

SN Appl. Sci.

132

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Can nuclear energy technology budgets pave the way for a transition toward low‐carbon economy: Insights from the United Kingdom

Çağlar

2022

Sustainable Development

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The energy resources of the economies play a critical role in reaching the 2030 and 2050 decarbonization targets. In this respect, research and development budgets for nuclear energy (NRD), which constitutes one-fifth of the current energy resources in the United Kingdom, can be a step in the transition to a low-carbon economy. However, the current literature neglects the impact of NRD on environmental quality for the United Kingdom. Thus, this paper explores the impact of NRD on CO 2 in the United Kingdom by controlling income, trade openness, and financial development from 1974 to 2020 with a non-linear autoregressive distributed lag (NARDL) approach. Empirical findings confirm the asymmetrical relationship between NRD and CO 2 . In this context, while positive changes in NRD reduce environmental degradation, negative changes in NRD hinder environmental sustainability. Another finding is that the environmental Kuznets curve (EKC) hypothesis is valid. Furthermore, the results show that while economic growth and trade openness reduce environmental quality, financial development contributes to environmental quality.

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Balancing profit and sustainability: Investigating the eco‐innovation strategies of G20 polluting industries

Mahajan,

Majumdar

2023

Sustainable Development

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The present study investigates the impact of environmental stringency and strategic behavior of G20 countries for the period of 1990–2019 using Porter and Pollution‐Haven hypotheses as frameworks to understand the potential for eco‐innovation or pollution‐paradises. Mediation Effect of Research and Development and Foreign Direct Investment are investigated between exports of environmentally sensitive goods and environmental stringency with DOLS method of estimation. Environmental Kuznets Curve (EKC) is used to analyze the relationship of growth and environmental degradation with reference to strategic behavior of the G20. Results show that majority of G20 countries are practicing the Porter Hypothesis. Overall, the findings suggest that sustainability is a critical consideration in balancing trade potential and environmental impact. The article offers a novel contribution to the field of environmental economics by comprehensively analyzing the connections between environmental regulations and strategic behaviors of the G20 countries with special reference to trade of sensitive goods.

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Testing validity of the EKC hypothesis in South Korea: role of renewable energy and trade openness

Cited by 165 publications

References 52 publications

Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches

Revisiting the EKC hypothesis in an emerging market: an application of ARDL-based bounds and wavelet coherence approaches

Can nuclear energy technology budgets pave the way for a transition toward low‐carbon economy: Insights from the United Kingdom

Balancing profit and sustainability: Investigating the eco‐innovation strategies of G20 polluting industries

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