The determinants of ecological footprint: evidence from the nonlinear panel threshold model
Bildiriler > Yayınlanmadı · 2023
Yazarlar: Abdurrahman Nazif ÇATIK, Çağla BUCAK, Esra Ballı, Müge Manga
EURASIAN CONFERENCE ON ECONOMICS, FINANCE AND ENTREPRENEURSHIP, Türkiye, İstanbul, Uluslararası, Sözlü Sunum, Yayınlanmadı, 2023-2023, ss 1-1
Özet
<p>This paper investigates the impact of economic growth, income inequality, renewable energy consumption, energy consumption, and globalization on the ecological footprint for a panel of 49 countries over the period 1995–2018. Westerlund's (2007) panel cointegration test reveals the long-run relationship between the variables. Long-term parameter estimates based on AMG and CCE indicate that increases in income and energy consumption have a positive and significant effect on the ecological footprint, while increases in the consumption of renewable energy have led to improvements in the environmental quality of these countries. The results, however, indicate that neither income inequality nor globalization have a significant impact on the ecological footprint. Evidence from the estimation of the panel threshold error correction model, where GDP growth is used as the transition variable, indicates the existence of a significant threshold effect and thus supports the existence of a nonlinear relationship among the variables by identifying two distinct regimes that can be referred to as lower and upper regimes in terms of growth rate. The evidence on both positive and significant parameter estimates for the economic growth in the upper and lower regimes does not corroborate the EKC hypothesis for our estimation sample. Similar to the linear long-run estimates, the threshold estimates do not show the significant impact of income inequality and globalization on environmental quality. The panel threshold estimates further indicate that the effects of renewable energy on the ecological footprint in the upper regime are more pronounced compared to those in the lower regime.</p><p> </p><p><br></p>