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Role of energy consumption and trade openness towards environmental sustainability in Turkey.
- Source :
-
Environmental science and pollution research international [Environ Sci Pollut Res Int] 2023 Feb; Vol. 30 (8), pp. 21156-21168. Date of Electronic Publication: 2022 Oct 20. - Publication Year :
- 2023
-
Abstract
- The growth of financial services has been critical in Turkey's pursuit of economic growth objectives throughout the last two decades. Nevertheless, it cannot be denied that it has a negative impact on environmental quality. Based on this, in the current paper, the effect of energy use, trade openness, and financial development on the load capacity factor (LCF) is explored for Turkey between 1965 and 2018. In doing so, a series of quantile approaches such as quantile cointegration (QC), quantile-on-quantile regression (QQR), nonparametric causality-in-quantiles (NCQ), and quantile regression (QR) are used. The results generated from the QQR and also validated by the QR reveal that in the majority of the quantiles, primary energy use, trade openness, and financial development impact the LCF negatively. These results suggest that primary energy use, trade openness, and financial development damage environmental quality. Furthermore, the findings gathered from the quantile causality disclose that all primary energy use, trade openness, and financial development can forecast LCF in the majority of the quantiles. Based on the research outcomes, policies, which may aid to solve the damaging environmental effects of the primary energy use, trade openness, and financial sector development in Turkey are recommended.<br /> (© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
- Subjects :
- Turkey
Policy
Climate
Renewable Energy
Carbon Dioxide analysis
Economic Development
Subjects
Details
- Language :
- English
- ISSN :
- 1614-7499
- Volume :
- 30
- Issue :
- 8
- Database :
- MEDLINE
- Journal :
- Environmental science and pollution research international
- Publication Type :
- Academic Journal
- Accession number :
- 36261639
- Full Text :
- https://doi.org/10.1007/s11356-022-23639-9