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Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation

Cilt: 9 Sayı: 3 31 Ekim 2024
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Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation

Öz

This study aims to unveil the effects of industrialization, human development, compliance with the rule of law, and renewable energy on CO2 emissions and the ecological footprint of consumption in EU countries over the 1990-2022 period. The empirical findings, based on the MMQR analysis, reveal that the magnitudes of coefficients between factors affecting CO2 emissions and the ecological footprint vary. Industrialization and human development are the main contributors to environmental degradation, while renewable energy use consistently mitigates environmental degradation across all quantiles. Trade openness also mitigates CO2 emissions in all quantiles with a diminishing trend, but the same correlation is only observed in the lowest quantile for the model with ecological footprint. Compliance with the rule of law has a statistically insignificant effect on the ecological footprint; however, in the lowest quantile of CO2 (0.1), the rule of law exacerbates CO2 emissions, whereas in the highest quantile, it has a mitigating effect. While industrialization and human development contribute to both dimensions of environmental degradation, the different impacts of trade openness and the compliance with the rule of law underscore the need for specific strategies in designing policies to mitigate CO2 and ecological footprints from a policy perspective.

Anahtar Kelimeler

CO2 Emissions, Industrialization, Human Development, Democracy, Panel Data Analysis

Destekleyen Kurum

There is no supporting institution.

Etik Beyan

There is no conflict of interest.

Kaynakça

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Kaynak Göster

APA
Erdölek Kozal, Ö. (2024). Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation. Bulletin of Economic Theory and Analysis, 9(3), 927-952. https://doi.org/10.25229/beta.1506505
AMA
1.Erdölek Kozal Ö. Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation. beta. 2024;9(3):927-952. doi:10.25229/beta.1506505
Chicago
Erdölek Kozal, Özge. 2024. “Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation”. Bulletin of Economic Theory and Analysis 9 (3): 927-52. https://doi.org/10.25229/beta.1506505.
EndNote
Erdölek Kozal Ö (01 Ekim 2024) Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation. Bulletin of Economic Theory and Analysis 9 3 927–952.
IEEE
[1]Ö. Erdölek Kozal, “Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation”, beta, c. 9, sy 3, ss. 927–952, Eki. 2024, doi: 10.25229/beta.1506505.
ISNAD
Erdölek Kozal, Özge. “Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation”. Bulletin of Economic Theory and Analysis 9/3 (01 Ekim 2024): 927-952. https://doi.org/10.25229/beta.1506505.
JAMA
1.Erdölek Kozal Ö. Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation. beta. 2024;9:927–952.
MLA
Erdölek Kozal, Özge. “Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation”. Bulletin of Economic Theory and Analysis, c. 9, sy 3, Ekim 2024, ss. 927-52, doi:10.25229/beta.1506505.
Vancouver
1.Özge Erdölek Kozal. Unraveling the Nexus of Industrialization, Human Development, Democracy, Trade Openness, and Renewable Energy in EU Environmental Degradation. beta. 01 Ekim 2024;9(3):927-52. doi:10.25229/beta.1506505