Nonlinearities in Economic Globalization Effects on the Environment: New Insights from a Panel Smooth Transition Regression Model

Metehan Ercan; Çiğdem Demir Toker

Makale detayları

Nonlinearities in Economic Globalization Effects on the Environment: New Insights from a Panel Smooth Transition Regression Model

Yazarlar:

Metehan Ercan | Çiğdem Demir Toker

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Panel Data Analysis

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1230-1245

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328889

pISSN:

2149-1658

Anahtar kelimeler:

Özet:

 Abstract This study aimed to estimate the impact of economic globalization on environmental quality and examine the role of renewable energy production REP in this impact. For this purpose, the annual data of 19762021, which is the longest possible period, of the top 5 countries Sweden, Switzerland, Norway, France, and Denmark that show the best performance according to the Global Green Economy Index 2022 report, were used. These countries were chosen due to their high performance in green economy integration; and thus, it was considered that this research could provide reference results for other countries. In order to achieve this, the panel smooth transition regression model was applied to the dataset. This nonlinear approach divides the series into homogeneous regimes depending on the threshold variable and allows us to make regime-specific interpretations. As a result, this study, in which REP was defined as the threshold variable, has shown that there is a two-regime nonlinear relationship between environmental quality and economic globalization. According to the findings, economic globalization caused an increase in environmental degradation in the first regime, which had low REP. However, this impact was eliminated in the second regime, where REP was high.

 Abstract This study aimed to estimate the impact of economic globalization on environmental quality and examine the role of renewable energy production REP in this impact. For this purpose, the annual data of 19762021, which is the longest possible period, of the top 5 countries Sweden, Switzerland, Norway, France, and Denmark that show the best performance according to the Global Green Economy Index 2022 report, were used. These countries were chosen due to their high performance in green economy integration; and thus, it was considered that this research could provide reference results for other countries. In order to achieve this, the panel smooth transition regression model was applied to the dataset. This nonlinear approach divides the series into homogeneous regimes depending on the threshold variable and allows us to make regime-specific interpretations. As a result, this study, in which REP was defined as the threshold variable, has shown that there is a two-regime nonlinear relationship between environmental quality and economic globalization. According to the findings, economic globalization caused an increase in environmental degradation in the first regime, which had low REP. However, this impact was eliminated in the second regime, where REP was high.

 Abstract This study aimed to estimate the impact of economic globalization on environmental quality and examine the role of renewable energy production REP in this impact. For this purpose, the annual data of 19762021, which is the longest possible period, of the top 5 countries Sweden, Switzerland, Norway, France, and Denmark that show the best performance according to the Global Green Economy Index 2022 report, were used. These countries were chosen due to their high performance in green economy integration; and thus, it was considered that this research could provide reference results for other countries. In order to achieve this, the panel smooth transition regression model was applied to the dataset. This nonlinear approach divides the series into homogeneous regimes depending on the threshold variable and allows us to make regime-specific interpretations. As a result, this study, in which REP was defined as the threshold variable, has shown that there is a two-regime nonlinear relationship between environmental quality and economic globalization. According to the findings, economic globalization caused an increase in environmental degradation in the first regime, which had low REP. However, this impact was eliminated in the second regime, where REP was high.

 Abstract This study aimed to estimate the impact of economic globalization on environmental quality and examine the role of renewable energy production REP in this impact. For this purpose, the annual data of 19762021, which is the longest possible period, of the top 5 countries Sweden, Switzerland, Norway, France, and Denmark that show the best performance according to the Global Green Economy Index 2022 report, were used. These countries were chosen due to their high performance in green economy integration; and thus, it was considered that this research could provide reference results for other countries. In order to achieve this, the panel smooth transition regression model was applied to the dataset. This nonlinear approach divides the series into homogeneous regimes depending on the threshold variable and allows us to make regime-specific interpretations. As a result, this study, in which REP was defined as the threshold variable, has shown that there is a two-regime nonlinear relationship between environmental quality and economic globalization. According to the findings, economic globalization caused an increase in environmental degradation in the first regime, which had low REP. However, this impact was eliminated in the second regime, where REP was high.

Makale detayları

Nonlinearities in Economic Globalization Effects on the Environment: New Insights from a Panel Smooth Transition Regression Model

Yazarlar:

Metehan Ercan | Çiğdem Demir Toker

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Panel Data Analysis

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1230-1245

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328889

pISSN:

2149-1658

Renewable Energy Production

Ecological Footprint

Globalization

Panel Smooth Transition Regression Model

Threshold Values.

Sayı

Makale detayları

Nonlinearities in Economic Globalization Effects on the Environment: New Insights from a Panel Smooth Transition Regression Model

Yazarlar: Metehan Ercan | Çiğdem Demir Toker

Yayıncı: Burdur Mehmet Akif Ersoy University

Ana Başlıklar: Panel Data Analysis

Dergi: Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1230-1245

Belge Tipi: Makale

Yayın Tarihi: 9/2024

Belge Dili: İngilizce

Document ID (Org No.): 2001328889

pISSN: 2149-1658

Renewable Energy Production

Ecological Footprint

Globalization

Panel Smooth Transition Regression Model

Threshold Values.

Sayı

Yazarlar:

Metehan Ercan | Çiğdem Demir Toker

Yayıncı:

Burdur Mehmet Akif Ersoy University

Ana Başlıklar:

Panel Data Analysis

Dergi:

Journal of Mehmet Akif Ersoy University Economics and Administrative Sciences Faculty Vol.11 Issue 3, pp.1230-1245

Belge Tipi:

Makale

Yayın Tarihi:

9/2024

Belge Dili:

İngilizce

Document ID (Org No.):

2001328889

pISSN:

2149-1658