Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies
The current paper explores the influence of disintegrated energy and economic complexity on CO2 emissions (CO2) in the top economic complexity economies. The model also incorporates other drivers of CO2, such as technological innovation and economic growth. The current research utilizes data stretch...
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| Format: | Article |
| Language: | English |
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Elsevier
2022-11-01
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| Series: | Energy Reports |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2352484722018856 |
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| author | Tomiwa Sunday Adebayo Mehmet Altuntaş Sanjar Goyibnazarov Ephraim Bonah Agyekum Hossam M. Zawbaa Salah Kamel |
| author_facet | Tomiwa Sunday Adebayo Mehmet Altuntaş Sanjar Goyibnazarov Ephraim Bonah Agyekum Hossam M. Zawbaa Salah Kamel |
| author_sort | Tomiwa Sunday Adebayo |
| collection | DOAJ |
| description | The current paper explores the influence of disintegrated energy and economic complexity on CO2 emissions (CO2) in the top economic complexity economies. The model also incorporates other drivers of CO2, such as technological innovation and economic growth. The current research utilizes data stretching from 1993 to 2018. The research employed Westerlund cointegration, fully modified OLS (FMOLS), dynamic OLS (DOLS), and method of moments quantile regression (MMQR) to evaluate these interconnections. The outcomes of the slope heterogeneity and cross-sectional dependence affirmed the use of second-generation techniques. The study confirmed the long-run association between CO2 and the regressors. The results of the MMQR disclosed that in each quantile (0.1–0.90), renewable energy enhances the quality of the environment, while economic complexity and nonrenewable energy intensify CO2. In addition, technological innovation enhances the quality of the environment from 0.1–0.70 quantiles, while from 0.80–90 quantiles, technological innovation intensifies CO2. The EKC is also validated in each quantile (0.1–0.90). The DOLS, FE-OLS, and FMOLS outcomes also affirm the MMQR outcomes. These outcomes encourage policymakers to implement holistic economic and environmental policies that prioritize greener production processes for environmental reasons and meet the United Nations SDGs 7, 8, 13, and 17. |
| first_indexed | 2024-04-10T09:08:45Z |
| format | Article |
| id | doaj.art-635d73bd6913478c81efe703e141c18e |
| institution | Directory Open Access Journal |
| issn | 2352-4847 |
| language | English |
| last_indexed | 2024-04-10T09:08:45Z |
| publishDate | 2022-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Energy Reports |
| spelling | doaj.art-635d73bd6913478c81efe703e141c18e2023-02-21T05:13:51ZengElsevierEnergy Reports2352-48472022-11-0181283212842Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economiesTomiwa Sunday Adebayo0Mehmet Altuntaş1Sanjar Goyibnazarov2Ephraim Bonah Agyekum3Hossam M. Zawbaa4Salah Kamel5Department of Economics, Faculty of Economics and Administrative Science, Cyprus International University, 99040 Nicosia, Northern Cyprus, TurkeyFaculty of Economics, Administrative and Social Sciences, Department of Economics, Nisantasi University, TurkeyDepartment of Human Resources Management, Tashkent State University of Economics, UzbekistanDepartment of Nuclear and Renewable Energy, Ural Federal University Named after the First President of Russia Boris, 19 Mira Street, Ekaterinburg, 620002 Yeltsin, RussiaFaculty of Computers and Artificial Intelligence, Beni-Suef University, Beni-Suef, Egypt; Technological University Dublin, Dublin, Ireland; Corresponding author at: Technological University Dublin, Dublin, Ireland.Electrical Engineering Department, Faculty of Engineering, Aswan University, 81542 Aswan, EgyptThe current paper explores the influence of disintegrated energy and economic complexity on CO2 emissions (CO2) in the top economic complexity economies. The model also incorporates other drivers of CO2, such as technological innovation and economic growth. The current research utilizes data stretching from 1993 to 2018. The research employed Westerlund cointegration, fully modified OLS (FMOLS), dynamic OLS (DOLS), and method of moments quantile regression (MMQR) to evaluate these interconnections. The outcomes of the slope heterogeneity and cross-sectional dependence affirmed the use of second-generation techniques. The study confirmed the long-run association between CO2 and the regressors. The results of the MMQR disclosed that in each quantile (0.1–0.90), renewable energy enhances the quality of the environment, while economic complexity and nonrenewable energy intensify CO2. In addition, technological innovation enhances the quality of the environment from 0.1–0.70 quantiles, while from 0.80–90 quantiles, technological innovation intensifies CO2. The EKC is also validated in each quantile (0.1–0.90). The DOLS, FE-OLS, and FMOLS outcomes also affirm the MMQR outcomes. These outcomes encourage policymakers to implement holistic economic and environmental policies that prioritize greener production processes for environmental reasons and meet the United Nations SDGs 7, 8, 13, and 17.http://www.sciencedirect.com/science/article/pii/S2352484722018856CO2emissionsEconomic complexityTechnological innovationDisintegrated energy consumption |
| spellingShingle | Tomiwa Sunday Adebayo Mehmet Altuntaş Sanjar Goyibnazarov Ephraim Bonah Agyekum Hossam M. Zawbaa Salah Kamel Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies Energy Reports CO2emissions Economic complexity Technological innovation Disintegrated energy consumption |
| title | Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| title_full | Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| title_fullStr | Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| title_full_unstemmed | Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| title_short | Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| title_sort | dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies |
| topic | CO2emissions Economic complexity Technological innovation Disintegrated energy consumption |
| url | http://www.sciencedirect.com/science/article/pii/S2352484722018856 |
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