The effects of financial development, trade and energy consumption on environmental degradation: Evidence from APEC countries

Ballı E., Çatık A. N., Uğur M. S., Sigeze Güney Ç.

ENERGY SOURCES, PART B: ECONOMICS, PLANNING AND POLICY, cilt.19, sa.1, ss.1-20, 2024 (SCI-Expanded)

  • 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.