Browsing by Author "Ozcan, Burcu"

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Analyzing long lasting effects of environmental policies: Evidence from low, middle and high income economies
(ELSEVIER SCIENCE BV, PO BOX 211, 1000 AE AMSTERDAM, NETHERLANDS, 01.01.2019) Ozcan, Burcu; Ulucak, Recep; Dugan, Eyup; 0000-0001-8800-8880; 0000-0001-9938-0063; 0000-0003-0476-5177; AGÜ, Yönetim Bilimleri Fakültesi, Ekonomi Bölümü
This study investigates whether or not environmental policies have long lasting effects by analyzing stochastic properties of ecological footprint that recently attracts a great attention and is accepted as a broader measure of the environmental degradation in the literature. To this end, countries are classified by income groups and the panel KSS unit root test alongside the SPSM procedure are utilized based on the annual data from 1961 to 2013. The empirical results show that ecological footprint has stationary process for all high-income countries and for about the half of the low-income and upper-middle income economies, whereas non-stationarity is verified for the lower-middle income economies. Crucial policy implications are further discussed.
Re-estimating the interconnectedness between the demand of energy consumption, income, and sustainability indices
(SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2019) Ozcan, Burcu; Tzeremes, Panayiotis; Dogan, Eyup; 0000-0002-0746-3839; 0000-0003-0476-5177; AGÜ, Yönetim Bilimleri Fakültesi, Ekonomi Bölümü
In this study, we analyze the time-varying causality linkages between energy consumption, economic growth, and environmental degradation in 33 Organization for Economic Co-operation and Development countries, spanning the period 2000 to 2013. The curve causality approach provides evidence of a significant environmental Kuznets curve in 25 countries in the case of the ecological footprint and in 23 countries in the case of the Environmental Performance Index. However, out of them, only Italy, Slovakia, and South Korea have traditional environmental Kuznets curve, in the form of an inverted U-shaped curve. For the remaining countries, different forms of curves are valid. In particular, an N-shaped curve appears to be valid between income and environmental degradation for nearly half of the sample, i.e., for Austria, Belgium, Chile, Estonia, Finland, France, Germany, Hungary, Luxembourg, Netherlands, Sweden, Switzerland, New Zealand, Turkey, and the USA. Additionally, bidirectional causality relationships are confirmed among all covariates in most countries. In view of the results, some crucial policy implications would be suggested, such as sustainable development that aims to make a balance between economic growth and environmental protection.