Investing green for sustainable development without ditching economic growth

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dc.contributor.authorBalcilar, Mehmet
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorIke, George N.
dc.date.accessioned2023-01-20T12:27:09Z
dc.date.available2023-01-20T12:27:09Z
dc.date.issued2022en_US
dc.departmentFakülteler, İşletme Fakültesi, İngilizce İşletme Bölümüen_US
dc.description.abstractGlobal warming and other significant climatic changes arising from the accumulation of carbon dioxide and other greenhouse gases have placed great policy puzzles on whether to slow or not to slow gross domestic product (GDP) growth. This paper presents and estimates empirical models of growth using standard tools of growth empirics for 23 OECD countries over the period 1990–2017. The main objective is to examine the role of green energy consumption and investment on economic growth. Using the Method of Moments Quantile Regression (MMQR) with fixed effects, empirical results suggest that green energy consumption and investment—in the sense of renewable energy consumption and expenditure in renewable energy research and development (R&D)—have small, although positive effects on economic growth. These effects are heterogeneous, leading to asymmetric patterns over the conditional quantile distribution of per-capita GDP with stronger effects found in the lower quantiles. The implication of our findings is that capacity utilization in green energy consumption and investment has not been developed to a viable level that will mitigate greenhouse effects and spur sustainable development in the long run.en_US
dc.identifier.doi10.1002/sd.2415en_US
dc.identifier.scopus2-s2.0-85138184843en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6129
dc.identifier.urihttps://doi.org/10.1002/sd.2415
dc.identifier.wosWOS:000854375400001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherJohn Wiley and Sons Ltden_US
dc.relation.ispartofSustainable Developmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjecteconomic growth; green investment; OECD countries; sustainable developmenten_US
dc.titleInvesting green for sustainable development without ditching economic growthen_US
dc.typeArticleen_US

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