Unlocking the investment impact of biomass energy utilization on environmental degradation for an isolated island

Gyamfi, Bright Akwasi; Agozie, Divine Q.; Bein, Murad A.; Bekun, Festus Victor; Adedoyin, Festus Fatai

doi:10.1108/ijesm-11-2020-0007

Cited by 8 publications

(6 citation statements)

References 45 publications

(66 reference statements)

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“…This means that a percentage increase in GDP results in a corresponding increase in carbon dioxide emissions pollutant by 0.362%. This outcome affirms most early investigations like Solarin et al (2017), Sarkodie and Strezov (2019), Bekun et al (2021b), Gyamfi et al . (2021b) and Ibrahiem and Sameh (2021).This finding shows that global prosperity impacts Turkey’s environmental efficiency poorly.…”

Section: Empirical Results and Discussionsupporting

confidence: 92%

Revisiting the pollution haven hypothesis within the context of the environmental Kuznets curve

Bekun

Gyamfi

Etokakpan

et al. 2023

IJESM

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Purpose This purpose of this study is to explore the impact of global trend of economic integration and interconnectedness which has drawn the attention of world economies and their implications on trade inflow. This trajectory has its impact, either positive/negative, on key macroeconomic indicators, to say the least on environmental sustainability, especially emerging economies. To this end, the need to explore the connection between foreign direct investment (FDI) inflow and energy consumption amidst the wave of economic globalisation is timely and pertinent for the case of Turkey. Design/methodology/approach This study seeks to explore the interaction between the outlined variables in a carbon-income framework for annual time series data from 1970 to 2016. A series of econometrics strategies was used consisting of unit root tests to examine the stationarity properties of the highlighted series. Subsequently, Pesaran’s Bounds testing technique is used to explore the long-run equilibrium relationship between the highlighted variables in conjunction with the Johansen cointegration test. For long-run regression coefficients, Pesaran’s autoregressive distributed lag and dynamic ordinary least squares methodology are used, and innovative accounting approaches are used to explore the responsiveness of each variable on another. Findings Empirical results validate the pollution haven hypothesis (PHH) in the long run for the case of Turkey. Thus suggesting that FDI inflow induced environmental degradation in Turkey. Additionally, this study observed that renewable energy, on the contrary, improves the quality of the environment. This study also affirms the presence of the environmental Kuznets curve phenomenon, indicating that Turkey, at its early stage of economic trajectory, emphasis is on economic growth rather than environmental quality. This suggests a need for more deliberate action(s) by the government administrators to pursue cleaner FDI inflow and energy technologies and strategies to foster a clean environment in Turkey and a cleaner ecosystem at large. Originality/value This study is unique in its choice of variables which is in line with the United Nations Sustainable Development Goals (SDGs) agenda to be achieved by 2030 and is very limited in the extant literature. From the economic perspective, the effect of the PHH is of interest especially to ascertain the extent the interplay among the variables has on the economy of Turkey. The empirical insights on PHH hypothesis have received less documentation in the extant literature especially for emerging economy like Turkey. Thus, this study seeks to revisit this theme for Turkey with aim to presents environmentally sustainable strategies without compromise for economic growth. Thus, this study seeks to revisit this theme.

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Section: Empirical Results and Discussionsupporting

confidence: 92%

Revisiting the pollution haven hypothesis within the context of the environmental Kuznets curve

Bekun

Gyamfi

Etokakpan

et al. 2023

IJESM

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“…Further, the study's findings indicate that E7 economies' income growth has a moderating effect on their carbon emissions. The results corroborate the research of (Dong et al, 2018;Pata 2018;Gyamfi et al, 2021a;Pata, and Caglar. 2021;Ali Talib et el.…”

Section: Review Of Literaturesupporting

confidence: 90%

Revisiting EKC hypothesis in context of renewable energy, human development and moderating role of technological innovations in E-7 countries?

Saqib

Usman

Radulescu

et al. 2022

Front. Environ. Sci.

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The present study examines the potential of the traditional environmental Kuznets curve (EKC) with an extension for growing industrialized economies, including Brazil, China, India, Indonesia, Russia, Mexico and Turkey (E-7 economies) spanning from 1995 to 2019. Since the E-7 economies are still in a growing phase, this study adds to the EKC phenomenon by taking into description human development, the use of renewable energy, and technological innovations for investigation. Second-generational panel econometrics techniques, such as cross-sectional augmented autoregressive distributive lag (CS-ARDL), Augmented Mean Group (AMG), and Dumitrescu-Hurlin causality tests, form the basis of the experimental framework’s design. The study confirms the existence of the EKC phenomena in E-7 economies, where income expansion is prioritized in relation to environmental sustainability. The study’s findings demonstrate that technological modernization helps to mitigate pollution level. Therefore, human development, technological innovation, and the use of renewable energy are held up as the panacea for reducing carbon emissions over the time period under study. Finally, some further policy suggestions are provided.

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“…frontiersin.org 0.02%. These findings are also backed by Gyamfi et al (2021). ENC is 0.92, showing that a 1% upsurge in ENC escalates EMS by 0.92%.…”

Section: Frontiers In Environmental Sciencementioning

confidence: 76%

Revisiting the impact of energy consumption, foreign direct investment, and geopolitical risk on CO2 emissions: Comparing developed and developing countries

Nasriddinov

Haseeb

et al. 2022

Front. Environ. Sci.

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A growing body of literature probes the impact of geopolitical risk (GPR) on CO2 emissions. However, no study compares the findings in the case of developed and developing countries. Hence, this study aims to probe the impact of GPR on CO2 emissions for selected developed and developing countries while controlling for energy consumption, foreign direct investment, and economic growth. For this purpose, we make use of a panel dataset covering the period 1990–2020. In the long-run, we report that the Environmental Kuznets Curve hypothesis exists for developing countries. Next, the pollution haven hypothesis is validated for the developed countries in the long-run. Also, GPR escalates emissions for developed and developing countries in the long-run. In the short-run, the Environmental Kuznets Curve and pollution haven hypothesis are found invalid. Moreover, in the short-run, GPR impedes emissions in both developed and developing countries. Further, energy consumption upsurges emissions across all samples (i.e., either developed or developing countries) in either its short- or long-run. The heterogeneous findings across the long- and short-run, for developed and developing countries, propose to formulate unalike policies for countries with different levels of income.

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Unlocking the investment impact of biomass energy utilization on environmental degradation for an isolated island

Cited by 8 publications

References 45 publications

Revisiting the pollution haven hypothesis within the context of the environmental Kuznets curve

Revisiting the pollution haven hypothesis within the context of the environmental Kuznets curve

Revisiting EKC hypothesis in context of renewable energy, human development and moderating role of technological innovations in E-7 countries?

Revisiting the impact of energy consumption, foreign direct investment, and geopolitical risk on CO2 emissions: Comparing developed and developing countries

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