Environmental consequences of foreign direct investment influx and conventional energy consumption: evidence from dynamic ARDL simulation for Turkey

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dc.contributor.authorAgboola, Phillips O.
dc.contributor.authorHossain, Md. Emran
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-01-18T11:18:59Z
dc.date.available2023-01-18T11:18:59Z
dc.date.issued2022en_US
dc.departmentFakülteler, İşletme Fakültesi, Bankacılık ve Finans Bölümüen_US
dc.description.abstractThe preponderance of emerging economies confronts signifcant trade-ofs between economic growth and environmental sustainability considerations, and Turkey is no exception. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs-7,11,12 & 13). To this end, the present study explores the role of the environmental Kuznets curve (EKC) hypothesis for the case of Turkey for annual frequency data from 1970 to 2020. The present study leverages on the novel dynamic autoregressive-distributed lag (DARDL) methodology and Bayer and Hanck combined cointegration test. The combined Bayer and Hanck cointegration test alongside ARDL bounds test traces equilibrium relationship between economic growth, urbanization, FDI, energy use, and CO2 emission over the investigated period. Empirical results from the DARDL simulation analysis validates the EKC hypothesis. These results suggest that environmental quality is being compromised for economic growth at the earlier stage of economic growth (scale stage). The EKC phenomenon is afrmed as a 1% increase in economic growth increase emission level by 0.1580% and quadratic economic growth decrease emission by 0.1095% in the short and long run, respectively. Similarly, urbanization and energy used in both the short and long run also worsen environmental quality while FDI infux in the long run improves environmental quality in Turkey. These outcomes have far-reaching environment-urbanization growth implications. From a policy lens, the current study subscribed to the environmental stick policies and investment on strategies on a paradigm shift from fossil-fuel energy consumption base to renewables. Further insights are highlighted in the concluding section.en_US
dc.identifier.doi10.1007/s11356-022-19656-3en_US
dc.identifier.pmid35287193en_US
dc.identifier.scopus2-s2.0-85126204369en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6055
dc.identifier.urihttps://doi.org/10.1007/s11356-022-19656-3
dc.identifier.wosWOS:000768670400008en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherSpringer Science and Business Media Deutschland GmbHen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectEnvironmental sustainability · Carbon-reduction · EKC · Dynamic ARDL simulation · Turkeyen_US
dc.titleEnvironmental consequences of foreign direct investment influx and conventional energy consumption: evidence from dynamic ARDL simulation for Turkeyen_US
dc.typeArticleen_US

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