Back to Search
Start Over
Income inequality and CO2 emissions: nonlinear evidence from Turkey.
- Source :
- Environment, Development & Sustainability; Oct2022, Vol. 24 Issue 10, p11911-11928, 18p
- Publication Year :
- 2022
-
Abstract
- The income inequality-economy link has been argued by researchers a long time. But the impact of income inequality on environmental pollution is a new investigation topic for developing countries. Turkey is well known as an emerging economy which has a high level of income inequality and CO<subscript>2</subscript> emissions. Therefore, this paper concentrates on the income inequality-CO<subscript>2</subscript> emissions link in Turkish economy by applying a nonlinear analysis. This paper integrates economic growth and financial development to the CO<subscript>2</subscript> emissions specification over the period of 1987–2019. We employ the nonlinear autoregressive distributed lag approach to explore the long-run nonlinear linkages between the series. Our findings reveal an asymmetric cointegration among variables. Positive and negative income inequality shocks positively affect CO<subscript>2</subscript> emissions implying that positive and negative shocks of income inequality enhance CO<subscript>2</subscript> emissions in the long run. Negative economic growth shocks decrease CO<subscript>2</subscript> emissions, while positive shocks to financial development increase CO<subscript>2</subscript> emissions in the long run. We provide important policy suggestions that might be useful to the policymakers to decrease CO<subscript>2</subscript> emissions in Turkey. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 1387585X
- Volume :
- 24
- Issue :
- 10
- Database :
- Complementary Index
- Journal :
- Environment, Development & Sustainability
- Publication Type :
- Academic Journal
- Accession number :
- 159087328
- Full Text :
- https://doi.org/10.1007/s10668-021-01922-y