The effects of financial development, trade and energy consumption on environmental degradation: Evidence from APEC countries
ENERGY SOURCES, PART B: ECONOMICS, PLANNING AND POLICY, cilt.19, sa.1, ss.1-20, 2024 (SCI-Expanded, Scopus)
- Yayın Türü: Makale / Tam Makale
- Cilt numarası: 19 Sayı: 1
- Basım Tarihi: 2024
- Doi Numarası: 10.1080/15567249.2024.2372627
- Dergi Adı: ENERGY SOURCES, PART B: ECONOMICS, PLANNING AND POLICY
- Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Applied Science & Technology Source, CAB Abstracts, Communication Abstracts, Compendex, Computer & Applied Sciences, Environment Index, Greenfile, INSPEC, Metadex, Pollution Abstracts, Public Affairs Index, Veterinary Science Database, Civil Engineering Abstracts
- Sayfa Sayıları: ss.1-20
- Çukurova Üniversitesi Adresli: Evet
Özet
This paper investigates the relationship among CO2 emissions, energy consumption, economic growth, financial development, and trade in APEC
countries based on quarterly data from 1985:Q4 to 2020:Q4 utilizing the
Method of Moments Quantile Regression (MMQR). The results demonstrate
that both GDP and energy consumption have a positive and statistically
significant effect on CO2 emissions. However, this effect diminishes as the
conditional quantile of CO2 increases. Additionally, the study reveals that
financial development has a positive and significant impact on CO2 emissions, with its influence increasing at higher quantiles. The MMQR estimates
suggest that increasing trade openness has led to improvements in environmental quality. Based on these findings, it is recommended that APEC
countries implement environmentally friendly policies to achieve sustainable
economic development in the region. Hence, it is essential for financial
development, energy consumption, and trade openness policies to align
with strategies aimed at reducing environmental degradation.