Environmental sustainability and ecological balance dilemma: accounting for the role of institutional quality

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dc.contributor.authorAgboola, Phillips O.
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorAgozie, Divine Q.
dc.contributor.authorGyamfi, Bright Akwasi
dc.date.accessioned2023-02-10T12:35:55Z
dc.date.available2023-02-10T12:35:55Z
dc.date.issued2022en_US
dc.departmentRektörlük, İslam Ekonomisi ve Ekonomik Sistemler Uygulama ve Araştırma Merkezien_US
dc.description.abstractGlobal warming is a global menace mainly driven by human anthropogenic activities. There is a need for environmental sustainability amidst increased economic growth. To this end, this study draws motivation from the United Nations Sustainable Development Goals (UNSDGs) with special focus on climate change mitigation and ecological balance. Thus, the present study analyses the dynamic relationship between economic growth, conventional energy consumption, access to technological innovation, economic globalisation, and the pertinent role of institutional quality for the case of the Russian Federation. This study employed novel combined Bayer and Hack cointegration test in conjunction with Pesaran’s ARDL bounds testing for robustness. Both tests validate a long-run equilibrium relationship between the outlined variables. Furthermore, empirical results show that increase in economic activities and consumption of energy that stem from a fossil-fuel basis both have deteriorating effect on environmental sustainability for Russia. Additionally, effect of globalisation shows mixed results, such as, in the short run, economic globalisation dampens environmental quality as increase in global integration exacerbates environmental quality, while, in the long term, globalisation improves the quality of the environment. On the contribution of institutional quality, it improves environmental sustainability over the investigated period. Interestingly, renewable is seen as a panacea for environmental sustainability in the Russian Federation given its pertinent effect to improve the environment of Russia. From a policy lens, there is need for a paradigm shift to renewables and clean technologies to mitigate the effect of climate change issues. The concluding section presents more policy strategies.en_US
dc.identifier.doi10.1007/s11356-022-21103-2en_US
dc.identifier.issue49en_US
dc.identifier.pmid35639309en_US
dc.identifier.scopus2-s2.0-85131082621en_US
dc.identifier.scopusqualityN/Aen_US
dc.identifier.urihttps://hdl.handle.net/11467/6207
dc.identifier.urihttps://doi.org/10.1007/s11356-022-21103-2
dc.identifier.volume29en_US
dc.identifier.wosWOS:000803895000014en_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/openAccessen_US
dc.subjectCarbon reduction; Combined Bayer and Hanck cointegration; Ecological balance; Economic growth; Environmental sustainability; Russian Federationen_US
dc.titleEnvironmental sustainability and ecological balance dilemma: accounting for the role of institutional qualityen_US
dc.typeArticleen_US

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