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IN PURSUIT OF A GREEN WORLD: AN EMPIRICAL STUDY ON THE ENVIRONMENTAL QUALITY OF THE FRAGILE FIVE COUNTRIES

Year 2024, Volume: 25 Issue: 4, 21 - 50, 31.12.2024
https://doi.org/10.53443/anadoluibfd.1448240

Abstract

This study analyses the environmental quality of the countries known as the Fragile Five within the framework of green economy. Ecological footprint variable is used as an indicator of environmental quality. FGLS estimator was utilised in the study covering the period 1992-2019. The empirical findings show that renewable energy supply and energy efficiency have a reducing effect on ecological footprint in these countries. However, economic growth variable has an increasing effect on ecological footprint. On the other hand, no statistically significant relationship was observed between the environmental policy stringency index and green technology variables and the ecological footprint variable. In line with these results, the importance of renewable energy, energy efficiency, green technology and effective environmental policies in the transition process of the Fragile Five countries to a green economy is emphasised. Taking these policy recommendations into consideration will be able to take important steps in terms of environmental sustainability. Therefore, it will be able to bring the Fragile Five countries to a more advanced level within the framework of sustainable development goals and contribute to a more sustainable economy-environment relationship within the scope of green economy.

References

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YEŞİL BİR DÜNYA HEDEFİNDE: KIRILGAN BEŞLİ ÜLKELERİNİN ÇEVRESEL KALİTESİ ÜZERİNE AMPİRİK BİR İNCELEME

Year 2024, Volume: 25 Issue: 4, 21 - 50, 31.12.2024
https://doi.org/10.53443/anadoluibfd.1448240

Abstract

Çalışmada Kırılgan Beşli (Hindistan, Türkiye, Brezilya, Endonezya ve Güney Afrika) ülkelerinin yeşil ekonomi çerçevesinde çevresel kaliteleri üzerine bir inceleme yapılmıştır. Çevresel kalite göstergesi olarak ekolojik ayak izi değişkeni kullanılmıştır. 1992-2019 dönemlerini kapsayan çalışmada FGLS (Feasible Generalized Least Squares) tahmincisinden faydalanılmıştır. Elde edilen ampirik bulgular, bu ülkelerde yenilenebilir enerji arzı ve enerji verimliliğinin ekolojik ayak izini azaltıcı yönde bir etkide bulunduğunu göstermiştir. Ancak ekonomik büyüme değişkeninin ekolojik ayak izi üzerinde artırıcı bir etkide bulunduğu sonucu elde edilmiştir. Buna karşın çevresel politika katılığı indeksi ve yeşil teknoloji değişkenlerinin ekolojik ayak izi değişkeni ile aralarında istatistiki olarak anlamlı bir ilişki gözlenmemiştir. Bu sonuçlar doğrultusunda, Kırılgan Beşli ülkelerinin yeşil ekonomiye geçiş sürecinde, yenilenebilir enerji, enerji verimliliği, yeşil teknoloji ve etkin çevresel politikaların önemi vurgulanmaktadır. Söz konusu bu politika önerilerinin dikkate alınması, çevresel sürdürülebilirlik açısından önemli adımlar atılmasını sağlayabilecektir. Dolayısıyla Kırılgan Beşli ülkelerini sürdürülebilir kalkınma hedefleri çerçevesinde daha ileri bir seviyeye ulaştırabilecektir ve yeşil ekonomi kapsamında daha sürdürülebilir bir ekonomi-çevre ilişkisine katkı yapabilecektir.

References

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  • Adebayo, T. S., Awosusi, A. A., Rjoub, H., Agyekum, E. B., & Kirikkaleli, D. (2022). The influence of renewable energy usage on consumption-based carbon emissions in MINT economies. Heliyon, 8(2).
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  • Ahmed, Z., Zafar, M. W., & Ali, S. (2020). Linking urbanization, human capital, and the ecological footprint in G7 countries: An empirical analysis. Sustainable Cities and Society, 55.
  • Anselin, L. (1988). Spatial econometrics: method and models (1. baskı). Kluwer Academic Publishers: Oxford.
  • Apaydin, Ş., Ursavaş, U., & Koç, Ü. (2021). The impact of globalization on the ecological footprint: do convergence clubs matter?. Environmental Science and Pollution Research, 28(38), 53379-53393.
  • Appiah, M., Li, M., Naeem, M. A., & Karim, S. (2023). Greening the globe: Uncovering the impact of environmental policy, renewable energy, and innovation on ecological footprint. Technological Forecasting and Social Change, 192.
  • Bai, D., Jain, V., Tripathi, M., Ali, S. A., Shabbir, M. S., Mohamed, M. A., & Ramos-Meza, C. S. (2022). Performance of biogas plant analysis and policy implications: Evidence from the commercial sources. Energy Policy, 169, 113173.
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  • Beck, N., & Katz, J. N. (1995). What to do (and not to do) with time-series cross-section data. The American Political Science Review, 89(3), 634-647. doi: 10.2307/2082979.
  • Bhat, J. A. (2018). Renewable and non-renewable energy consumption – Impact on economic growth and CO2 emissions in five emerging market economies. Environmental Science and Pollution Research International, 25(35), 35515–35530.
  • Bhattacharya, S. (2021). Renewable energy in India's sustainability transition. Journal of Environmental Policy.
  • Botta, E. & T. Kozluk (2014). Measuring environmental policy stringency in OECD countries: a composite index approach. (OECD Economics Department Working Papers, No. 1177). OECD Publishing: Paris.
  • Bowen, A., & Fankhauser, S. (2011). The green growth narrative: Paradigm shift or just spin? Global Environmental Change, 21(4), 1157-1159.
  • Bozkaya, Ş. Duran, M. S., & Awan, A. (2023). Technological innovations in environmental sustainability: A quantitative exploration of their impact on carbon dioxide emissions. Naturel Resources Forum, 48(4), 1169–1185. doi: 10.1111/1477-8947.12354.
  • Breusch, T. S., & Pagan, A. R. (1980). The Lagrange multiplier test and its applications to model specification in econometrics. The Review of Economic Studies, 47(1), 239-253.
  • Brown, J., & Malan, R. (2020). The path to renewable energy in South Africa. South African Journal of Environmental Policy, 193, 1032-1040.
  • Bucak, Ç., & Saygılı, F. (2022). Türkiye’de Ve G7 Ülkelerinde Dışa Açıklık Ve Ekolojik Ayak İzi İlişkisi: Yatay Kesit Bağımlılığı Altında Panel Veri Analizi. Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi, 23(3), 346-365.
  • Cheng, C., Ren, X., Wang, Z., & Yan, C. (2019). Heterogeneous impacts of renewable energy and environmental patents on CO2 emission-Evidence from the BRIICS. Science of The Total Environment, 668, 1328-1338.
  • Çakmak, E. E., & Acar, S. (2022). The nexus between economic growth, renewable energy and ecological footprint: An empirical evidence from most oil-producing countries. Journal of Cleaner Production, 352.
  • da Silva, J. (2020). Sustainable agriculture in Brazil: Balancing growth with environmental protection. Agricultural Economics Review.
  • Danish, Ulucak, R., Khan, S. U. D., Baloch, M. A., & Li, N. (2020). Mitigation pathways toward sustainable development: Is there any trade‐off between environmental regulation and carbon emissions reduction?. Sustainable Development, 28(4), 813-822.
  • Destek, M. A., & Sinha, A. (2020). Renewable, non-renewable energy consumption, economic growth, trade openness and ecological footprint: Evidence from organisation for economic Co-operation and development countries. Journal of Cleaner Production, 242. doi:10.1016/j.jclepro.2019.118537.
  • Ding, Q., Khattak, S. I., & Ahmad, M. (2021). Towards sustainable production and consumption: assessing the impact of energy productivity and eco-innovation on consumptionbased carbon dioxide emissions (CCO2) in G-7 nations. Sustainable Production and Consumption, 27(2021) 254–268.
  • Dong, K., Sun, R., & Hochman, G .(2017). Do natural gas and renewable energy consumption lead to less CO2 emission? Empirical evidence from a panel of BRICS countries. Energy 141, 1466– 1478. doi: 10.1016/j.energy.2017.11.092
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Details

Primary Language Turkish
Subjects Macroeconomics (Other)
Journal Section Research Article
Authors

Şeyma Bozkaya 0000-0001-8589-6608

Publication Date December 31, 2024
Submission Date March 6, 2024
Acceptance Date November 7, 2024
Published in Issue Year 2024 Volume: 25 Issue: 4

Cite

APA Bozkaya, Ş. (2024). YEŞİL BİR DÜNYA HEDEFİNDE: KIRILGAN BEŞLİ ÜLKELERİNİN ÇEVRESEL KALİTESİ ÜZERİNE AMPİRİK BİR İNCELEME. Anadolu Üniversitesi İktisadi Ve İdari Bilimler Fakültesi Dergisi, 25(4), 21-50. https://doi.org/10.53443/anadoluibfd.1448240


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