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.author | Özkan, Oktay | |
dc.contributor.author | Haruna, Roselyn Afor | |
dc.contributor.author | ALOLA, Andrew Adewale | |
dc.contributor.author | Ghardallou, Wafa | |
dc.contributor.author | Usman, Ojonugwa | |
dc.date.accessioned | 2023-05-26T12:16:55Z | |
dc.date.available | 2023-05-26T12:16:55Z | |
dc.date.issued | 2023 | en_US |
dc.department | Rektörlük, İslam Ekonomisi ve Ekonomik Sistemler Uygulama ve Araştırma Merkezi | en_US |
dc.description.abstract | This 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.doi | 10.1016/j.strueco.2023.03.010 | en_US |
dc.identifier.endpage | 392 | en_US |
dc.identifier.scopus | 2-s2.0-85151278155 | en_US |
dc.identifier.scopusquality | N/A | en_US |
dc.identifier.startpage | 382 | en_US |
dc.identifier.uri | https://hdl.handle.net/11467/6630 | |
dc.identifier.uri | https://doi.org/10.1016/j.strueco.2023.03.010 | |
dc.identifier.volume | 65 | en_US |
dc.identifier.wos | WOS:000967359600001 | en_US |
dc.identifier.wosquality | Q1 | en_US |
dc.indekslendigikaynak | Web of Science | en_US |
dc.indekslendigikaynak | Scopus | en_US |
dc.language.iso | en | en_US |
dc.publisher | Elsevier B.V. | en_US |
dc.relation.ispartof | Structural Change and Economic Dynamics | en_US |
dc.relation.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
dc.rights | info:eu-repo/semantics/embargoedAccess | en_US |
dc.subject | Economic complexity; Energy-related environmental risks; Environmental sustainability; Multivariate QQR; USA | en_US |
dc.title | Investigating the nexus between economic complexity and energy-related environmental risks in the USA: Empirical evidence from a novel multivariate quantile-on-quantile regression | en_US |
dc.type | Article | en_US |