Does economic complexity influence environmental performance? Empirical evidence from OECD countries

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dc.contributor.authorLee, Chien-Chiang
dc.contributor.authorOlasehinde-Williams, Godwin
dc.date.accessioned2023-01-20T13:02:57Z
dc.date.available2023-01-20T13:02:57Z
dc.date.issued2022en_US
dc.departmentFakülteler, İşletme Fakültesi, İktisat Bölümüen_US
dc.description.abstractEnvironmental degradation is a major challenge facing the world. Our view is that a country's productive structure, reflected through its knowledge content and technical capabilities (economic complexity), is strongly correlated with its environmental performance. To empirically confirm this view, the link between economic complexity and environmental performance in member countries of the Organization for Economic Co-operation and Development (OECD) was examined within a modified version of the Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) model incorporating two alternative measures of economic complexity. The model was estimated using the fixed effects extension proposed by Driscoll and Kraay (DK-FE) and Generalized Method of Moments (GMM) estimation techniques. Granger causality testing in frequency domain was also employed to examine country-specific relationships. The sample period extended from 2007 to 2016. The study findings provided reliable empirical justification for our position. The coefficients for economic complexity in the long-run estimations revealed that economic complexity positively impacted on environmental performance in the OECD countries. Granger causality outcomes also indicated economic complexity as a meaningful predictor of environmental performance in most of the OECD countries.en_US
dc.identifier.doi10.1002/ijfe.2689en_US
dc.identifier.scopus2-s2.0-85138010243en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6133
dc.identifier.urihttps://doi.org/10.1002/ijfe.2689
dc.identifier.wosWOS:000853374300001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherJohn Wiley and Sons Ltden_US
dc.relation.ispartofInternational Journal of Finance and Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjecteconomic complexity; environmental performance; OECD countries; panel data modelling; STIRPATen_US
dc.titleDoes economic complexity influence environmental performance? Empirical evidence from OECD countriesen_US
dc.typeArticleen_US

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