THE RELATIONSHIP BETWEEN ECONOMIC FREEDOM AND ECOLOGICAL FOOTPRINT IN G-7 COUNTRIES: ANALYSIS WITH QRPD METHOD

Year 2024, , 163 - 187, 28.06.2024

Ömer Faruk Biçen , Mustafa Necati Çoban

https://doi.org/10.36543/kauiibfd.2024.007

Abstract

This study aims to investigate the effect of economic freedom on ecological footprint in G-7 countries. To achieve this goal, we used annual data of G-7 countries during the period 1998-2018. In the analysis, quantile regression estimator for panel data (QRPD) with nonadditive fixed effects by Powell (2022) was applied as a newly developed method. In the study, ecological footprint was used as the dependent variable and Economic Freedom Index was used as the independent variable. As a result of the analyses performed, it was found that economic freedom increases the ecological footprint in G-7 countries for all three quantiles.

Keywords

Economic freedom, ecological footprint, QRPD

G-7 ÜLKELERİNDE EKONOMİK ÖZGÜRLÜK İLE EKOLOJİK AYAK İZİ İLİŞKİSİ: QRPD YÖNTEMİ İLE ANALİZ

Abstract

Bu çalışmada G-7 ülkelerinde ekonomik özgürlüğün ekolojik ayak izine etkisinin araştırılması amaçlanmaktadır. Belirtilen bu amaç doğrultusunda G-7 ülkeleri için 1998-2018 dönemini kapsayan yıllık veriler analize dahil edilmiştir. Analizin gerçekleştirilmesinde güncel bir yöntem olarak Powell (2022) tarafından geliştirilen QRPD (quantile regression for panel data with non-additive fixed effects) uygulanmıştır. Çalışmada bağımlı değişken olarak ekolojik ayak izi, bağımsız değişken olarak Ekonomik Özgürlük Endeksi kullanılmıştır. Yapılan analizler sonucunda araştırılan tüm kantil düzeyleri için G-7 ülkelerinde ekonomik özgürlüğün ekolojik ayak izini artırdığı bulgusu elde edilmiştir.

Keywords

Ekonomik özgürlük, Ekolojik ayak izi, QRPD

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