Investigating the nexus between economic complexity and energy-related environmental risks in the USA: Empirical evidence from a novel multivariate quantile-on-quantile regression

dc.contributor.authorÖzkan, Oktay
dc.contributor.authorHaruna, Roselyn Afor
dc.contributor.authorALOLA, Andrew Adewale
dc.contributor.authorGhardallou, Wafa
dc.contributor.authorUsman, Ojonugwa
dc.date.accessioned2023-05-26T12:16:55Z
dc.date.available2023-05-26T12:16:55Z
dc.date.issued2023en_US
dc.departmentRektörlük, İslam Ekonomisi ve Ekonomik Sistemler Uygulama ve Araştırma Merkezien_US
dc.description.abstractThis study uses the economic complexity index to examine how knowledge accumulation and its uses affect energy-related environmental risks in the USA over the period 1995:Q1–2020:Q4. To this end, we extend the traditional bivariate Quantile-on-Quantile Regression to the multivariate case. The empirical results provide time-varying effects of economic complexity, economic growth, FDI, trade openness, and urbanization on energy-related environmental risks. Particularly, the effect of economic complexity is negative and weak in the extremely lower quantiles of energy-related environmental risks, while it is positive and stronger in the middle and higher quantiles. The implication of these results is that economic complexity only condenses energy-related environmental risks when such environmental risks caused by energy-related factors are extremely low. Furthermore, economic growth and tradeopenness stimulate energy-related environmental risks but the effects of FDI and urbanization reduce energy-related environmental risks. Therefore, these findings provide insights into achieving environmental sustainability targets in the USA.en_US
dc.identifier.doi10.1016/j.strueco.2023.03.010en_US
dc.identifier.endpage392en_US
dc.identifier.scopus2-s2.0-85151278155en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.startpage382en_US
dc.identifier.urihttps://hdl.handle.net/11467/6630
dc.identifier.urihttps://doi.org/10.1016/j.strueco.2023.03.010
dc.identifier.volume65en_US
dc.identifier.wosWOS:000967359600001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevier B.V.en_US
dc.relation.ispartofStructural Change and Economic Dynamicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/embargoedAccessen_US
dc.subjectEconomic complexity; Energy-related environmental risks; Environmental sustainability; Multivariate QQR; USAen_US
dc.titleInvestigating the nexus between economic complexity and energy-related environmental risks in the USA: Empirical evidence from a novel multivariate quantile-on-quantile regressionen_US
dc.typeArticleen_US

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