Environmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clusters

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dc.authoridhttps://orcid.org/0000-0002-3586-2570en_US
dc.authoridhttps://orcid.org/0000-0003-2607-7439en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorAdedoyin, Festus Fatai
dc.contributor.authorNwulu, Nnamdi
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-07-10T14:19:32Z
dc.date.available2023-07-10T14:19:32Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThe anthropogenic consequences of renewable and non-renewable energy consumption, economic growth, and air transport have been assessed enormously in the literature. However, given the complexities in many economies of the world today, it is important to reassess the ecological concerns of these factors in light of the Environmental Kuznets Curve framework. Therefore, this current study investigates the global assessment using data from World Bank Development database from 1995 to 2016. Evidence from the method employed, sys-GMM, revealed that the economic complexities index increases the carbon emission in low-income groups while it significantly decreases the carbon emission for upper-middle and highincome groups. For the combined group, the EKC hypothesis holds, and ECI significantly hampers carbon emissions. For the other variables, it is worthy of note that (1) economic growth contributes to the high carbon contents across the income group especially for low-income, upper-middle-income and high-income group; (2) the effects of air transport on carbon emission is positive for lower-middle-income and high-income group and negative for the upper-middle-income group; (3) the use of coal rents and energy use leads to high release of carbon contents across all the income groups; and (4) a significant increase in the utilization of energy leads to increase in carbon contents except for lower-income group, it leads to a decrease. From this empirical assessment, vital energy policy directions are suggested.en_US
dc.identifier.doi10.1002/bse.2774en_US
dc.identifier.endpage2740en_US
dc.identifier.issn0964-4733
dc.identifier.issn1099-0836
dc.identifier.issue5en_US
dc.identifier.scopus2-s2.0-85102510113en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage2727en_US
dc.identifier.urihttps://hdl.handle.net/11363/4987
dc.identifier.urihttps://doi.org/
dc.identifier.volume30en_US
dc.identifier.wosWOS:000629206900001en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherWILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJen_US
dc.relation.ispartofBusiness Strategy and the Environmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectair transportationen_US
dc.subjectcoal rentsen_US
dc.subjecteconomic complexity indexen_US
dc.subjecteconomic growthen_US
dc.subjectemissionsen_US
dc.subjectenergy useen_US
dc.subjectenvironmental degradationen_US
dc.subjectenvironmental policyen_US
dc.subjectenvironmental sustainabilityen_US
dc.subjectincome clustersen_US
dc.titleEnvironmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clustersen_US
dc.typeArticleen_US

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