Effect of domestic material production on environmental sustainability in EU countries under changing financial development: a dynamic panel threshold regression approach

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dc.authorid0000-0002-6459-9898
dc.authorid0000-0002-3092-2378
dc.authorid0000-0001-5355-3707
dc.authorid0000-0003-4948-6905
dc.contributor.authorUsman, Ojonugwa
dc.contributor.authorIorember, Paul Terhemba
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-10-12T19:42:54Z
dc.date.available2024-10-12T19:42:54Z
dc.date.issued2024
dc.departmentİstanbul Ticaret Üniversitesi, İşletme Fakültesi, İktisat Bölümüen_US
dc.description.abstractAlthough the European Union (EU) has made significant progress towards achieving the Sustainable Development Goals (SDGs), the goal of sustainable consumption and production (SDG 12) is reported to be far from being achieved in the region. This study examines the effect of domestic material production on environmental sustainability (measured by greenhouse gas emissions) at different levels of financial development in 19 EU countries over the period 2000-2017. Using a dynamic panel threshold regression approach, the results provide evidence that domestic material production increases greenhouse gas emissions only when financial development is below a threshold of 0.8743%. The effect of domestic material production on greenhouse gas emissions is negative and insignificant when financial development exceeds the estimated threshold. The results further show that domestic material consumption, financial development and investment in research and development all hinder environmental sustainability by intensifying greenhouse gas emissions. Moreover, the results indicate that income per capita and renewable energy improve environmental sustainability by dampening greenhouse gas emissions. The robustness of these results is tested using fixed-effects ordinary least squares and random-effects generalised least squares with Driscoll-Kraay standard errors. Therefore, this study offers policy implications for achieving a sustainable environment.en_US
dc.identifier.citationUsman, O., Iorember, P. T., Alola, A. A., & Bekun, F. V. (2024). Effect of Domestic Material Production on Environmental Sustainability in EU Countries Under Changing Financial Development: A Dynamic Panel Threshold Regression Approach. Environment, Development and Sustainability, 1-20.
dc.identifier.doi10.1007/s10668-024-05354-2
dc.identifier.issn1387-585X
dc.identifier.issn1573-2975
dc.identifier.scopus2-s2.0-85204480094en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org/10.1007/s10668-024-05354-2
dc.identifier.urihttps://hdl.handle.net/11467/8651
dc.identifier.wosWOS:001316320300002en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.relation.ispartofEnvironment Development And Sustainabilityen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectDomestic Material Productionen_US
dc.subjectDomestic Material Consumptionen_US
dc.subjectFinancial Developmenten_US
dc.subjectPanel Threshold Regressionen_US
dc.subjectSustainable Environmenten_US
dc.titleEffect of domestic material production on environmental sustainability in EU countries under changing financial development: a dynamic panel threshold regression approachen_US
dc.typeArticleen_US

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