Another look at the nexus between economic growth trajectory and emission within the context of developing country: fresh insights from a nonparametric causality-in-quantiles test

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作者
Tomiwa Sunday Adebayo
Festus Victor Bekun
Husam Rjoub
Mary Oluwatoyin Agboola
Ephraim Bonah Agyekum
Bright Akwasi Gyamfi
机构
[1] Cyprus International University,Department of Economics, Faculty of Economics and Administrative Science
[2] Istanbul Gelisim University,Faculty of Economics Administrative and Social Sciences
[3] Lebanese American University,Adnan Kassar School of Business, Department of Economics
[4] ILMA University,Department of Business Administration, Faculty of Management Sciences
[5] Cyprus International University,Department of Accounting and Finance, Faculty of Economics and Administrative Sciences
[6] Dar Al Uloom University,Finance and Banking Department, College of Business
[7] Ural Federal University Named After the First President of Russia Boris Yeltsin,Department of Nuclear and Renewable Energy
[8] İstanbul Ticaret University,Economic and Finance Application and Research Center
关键词
Energy conservation; Renewable energy; Environmental sustainability; Quantile-on-quantile technique; Nonparametric causality;
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摘要
Achieving environmental sustainability has become a global concern amidst increasing climate change threat. Using quarterly frequency data for the case of Russia from 1992 to 2018, the present study explores the interaction between disaggregated energy consumption (renewable energy and non-renewable energy), trade flow and economic growth on a broader measure for environmental degradation (ecological footprint). The choice of the variables draws strength from initiative of the United Nations Sustainable Development Goals (UN-SDG, 7, 8 11 and 13) for responsible energy consumption and clean energy consumption while mitigating climate change issues. The study applied the quantile-on-quantile regression (QQR) and nonparametric causality-in-quantiles to capture these associations. The outcomes from the QQR disclosed that in the majority of the quantiles, trade openness and renewable energy use contribute to environmental sustainability, while nonrenewable energy amplifies ecological footprint. Furthermore, growth in Russia escalates its ecological footprint. Moreover, in the majority of the quantiles, all the exogenous variables can predict ecological footprint. Given the outcomes of this study, it outlines the need for a paradigm shift for alternative and clean energy consumption in Russian energy mix amidst its economic growth trajectory while accounting for green-development approaches. Pathways to fully achieve the sustainability targets are carefully outlined in the concluding section.
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页码:11397 / 11419
页数:22
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