Scopus İndeksli Yayınlar Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/395
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Article Citation - Scopus: 46Willingness to Pay for Renewable Electricity: A Contingent Valuation Study in Turkey(Elsevier Inc., 2019-12) Dogan, Eyup; Muhammad, IftikharRenewable energy sources are advised as an important alternative vehicle for dealing with a high rate of energy dependency and global warming. Turkey has also an ambitious national energy goal of minimizing energy import and producing 30% of electricity from renewable energy sources by 2023. However, it may not be easy to reach these goals. Willingness to Pay (WTP) thus plays a central role in directing appropriate policies for the country to realize its energy targets. This study reviews previous studies in the same literature as well as examines WTP of Turkish citizens for renewable electricity energy by using a stratified-sample and contingent valuation survey of 2500 households. The results from estimated models show that environmental conscience, membership to an environmental organization, age, education level, gender and income of households are significant determinants of WTP. In addition, the mean value of WTP for green electricity by Turkish households is estimated at around US$ 1 (with the exchange rate 5,3 TL/ US$) per month per household. A number of policy suggestions are further discussed. © 2023 Elsevier B.V., All rights reserved.Correction Citation - Scopus: 1Understanding the Effects of Artificial Intelligence on Energy Transition: the Moderating Role of Paris Agreement(Elsevier, 2025-02) Chishti, Muhammad Zubair; Xia, Xiqiang; Dogan, EyupArticle Citation - WoS: 13Citation - Scopus: 14Unravelling the Moderating Roles of Environmental Regulations on the Impact of Foreign Direct Investment on Environmental Sustainability(Academic Press Ltd- Elsevier Science Ltd, 2025-02) Ehigiamusoe, Kizito Uyi; Chen, Danqing; Dogan, Eyup; Binsaeed, Rima H.In the era of economic globalization, China attracts significant foreign direct investment (FDI) to accelerate economic prosperity. FDI inflows could have ramifications on environmental degradation (ED) despite the enactment of different environmental regulations (ERs) such as market-incentive, command-and-control as well as informal regulations. Though some studies have shown that FDI and ED have significant relationship, the moderating roles of different ERs on the environmental impact of FDI has not been empirically unraveled. This study fills this research gap by analyzing the direct impact of FDI on ED (i.e., carbon dioxide emissions, ecological footprint) using the provincial panel data. Second, it unravels the moderating roles of different ERs on the environmental impact of FDI in the provinces and regions. The results indicate that FDI directly mitigates ED, verifying the pollution halo hypothesis while ERs directly alleviate ED in China. However, the interaction between FDI and ERs do not alleviate ED in China albeit regional heterogeneity exist. The economic implication is that FDI is not a channel through which ERs enhance environmental sustainability in China. This study recommends some policy options arising from the findings.Article Citation - Scopus: 22Transition Towards the Sustainable Development: Unraveling the Effects of Mineral Markets, Belt & Road Initiative, and the Paris Agreement on Green Economic Growth(Elsevier Ltd, 2024-04) Xia, Xiqiang; Chishti, Muhammad Zubair; Dogan, EyupThe Agenda 2030 strongly emphasizes implementing effective and equitable measures to address the urgent challenge of global warming, primarily driven by unsustainable fossil-fuel combustion, and one of its core focuses is Sustainable Development Goal (SDG) – 8, among others. In light of this, the recent article aims to explore the dynamic nexus between minerals (MNR), the Belt and Road Initiative (BRI), the Paris Agreement (PA), green technologies (GT), and green growth, with a specific focus on developing a policy framework for advancing SDG – 8. The study utilizes daily data and advanced econometric tools such as QVAR, Cross-quantileogram, and wavelet-quantile correlation to examine the diverse effects of these factors on green growth across various time horizons. The short-run analysis reveals that MNR, BRI, and GT discourage green growth under most market conditions, except for a few quantiles that exhibit positive or insignificant relationships. In the medium run, impacts are mixed, with both positive and negative effects observed. However, in the long run, MNR, BRI, and GT consistently demonstrate favorable effects on green growth. For PA, short and medium-run effects are mixed, but medium-run results indicate a predominantly positive impact on green growth. In the long run, PA significantly benefits green growth across the majority of market conditions. Overall, the diversified results suggest that minerals, BRI, the Paris Agreement, and green technologies play a crucial role in stimulating green growth to achieve SDG - 8 in the long term. © 2024 Elsevier B.V., All rights reserved.Article Citation - WoS: 54Citation - Scopus: 58Towards Green Recovery: Can Banks Achieve Financial Sustainability Through Income Diversification in ASEAN Countries(Elsevier, 2022-12) Najam, Hina; Abbas, Jawad; Alvarez-Otero, Susana; Dogan, Eyup; Sial, Muhammad SafdarEstablishing sustainable and balanced development for green financing is critical for improving financial sustainability and banks' capability. Banks struggle to achieve economic sustainability in the current highly competitive business environment. This research examines the impact of income diversification on financial sustainability proxy by return on assets (ROA) by applying the quantile regression technique to the data from banks of ASEAN countries over the period 2008-2019. In addition, liquidity risk, bank size, interest and non-interest incomes, and market capitalization are studied as control variables. The empirical findings indicate that income diversification positively impacts return on assets at all countries' lower, middle, and upper quantiles, even though sizes can differ across countries and quantiles. Moreover, market capitalization, non-interest income, and banks' size favorably impact banks' performance. In contrast, liquidity risk and interest incomes are negatively linked to the performance of banks for all countries at each quantile. These results have significant strategic implications for managers, regulators, and policymakers who share a common interest in boosting financial sustainability and performance and significantly shaping green recovery. (c) 2022 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.Article Citation - WoS: 6Citation - Scopus: 4Towards Global Sustainable Development: The Role of Financial Innovation and Technological Advancements(Sage Publications Ltd, 2024-08-10) Dogan, Eyup; Chishti, Muhammad Zubair; Zaman, Umer; Binsaeed, Rima H.The importance of metaverse and blockchain technologies in today's global landscape cannot be overstated. These innovative technologies offer transformative potential for various sectors, including economics, by enhancing connectivity, security and transparency. The present study leverages these technologies to investigate their dynamic impacts, in conjunction with geopolitical risk, on global economic cycles to navigate the challenges of an interconnected world. To ensure the reliability of our findings, this study employs two proxies to gauge economic cycles: global green economic growth and global environmental sustainability. By utilizing daily data, this study reveals several noteworthy findings. First, the quantile-var-based network analysis demonstrates a robust directional connection among the variables in our model. Second, the wavelet quantile correlation technique uncovers the significant role of metaverse technology in influencing economic cycles by promoting global green economic growth and global environmental sustainability across all time horizons (short, medium and long term). Third, economic cycles exhibit a negative association with financial innovation and a positive connection with geopolitical risk across all timeframes. Fourth, the continuous wavelet transform causality test identifies a substantial causal relationship running from metaverse technology, financial innovation and geopolitical risk to economic cycles. Based on our empirical results, this study recommends that the global economy should continue investing in metaverse and blockchain technologies to address economic cycles in the future.Article Citation - WoS: 358Citation - Scopus: 392The Use of Ecological Footprint in Estimating the Environmental Kuznets Curve Hypothesis for BRICST by Considering Cross-Section Dependence and Heterogeneity(Elsevier, 2020-06) Dogan, Eyup; Ulucak, Recep; Kocak, Emrah; Isik, CemA vast body of literature estimates the impact of economic growth on environmental degradation in the framework of EKC model. Typical empirical studies proxy environmental degradation with CO2 emissions; however, this indicator does not consider the complex nature of environmental degradation. To fulfill this omission, ecological footprint that tracks the use of multiple categories of productive surface areas is used as proxy for the environment. Moreover, studies that do not consider issues of heterogeneity and cross-sectional dependence may not produce reliable outcomes. Hence, the present study re-investigates the validity of the EKC hypothesis for BRICST (Brazil, Russia, India, China, South Africa, Turkey) by using ecological footprint and considering the mentioned issues in the estimation process. Based on the annual data covering the period of 1980-2014, excluding Russia due to data unavailability, empirical results show that the EKC hypothesis is not valid, and energy intensity and energy structure are important determinants of environmental degradation. In line with the empirical outputs, possible policy suggestions are discussed in the present study. (C) 2020 Elsevier B.V. All rights reserved.Article Citation - WoS: 174Citation - Scopus: 193The Significance of Renewable Energy Use for Economic Output and Environmental Protection: Evidence From the Next 11 Developing Economies(Springer Heidelberg, 2017-04-08) Paramati, Sudharshan Reddy; Sinha, Avik; Dogan, EyupIncreasing economic activities in developing economies raise demand for energy mainly sourced from conventional sources. The consumption of more conventional energy will have a significant negative impact on the environment. Therefore, attention of policy makers has recently shifted towards the promotion of renewable energy generation and uses across economic activities to ensure low carbon economy. Given the recent scenario, in this paper, we aim to examine the role of renewable energy consumption on the economic output and CO2 emissions of the next fastest developing economies of the world. The study employs several robust panel econometric models by using annual data from 1990 to 2012. Empirical findings confirm the significant long-run association among the variables. Similarly, results show that renewable energy consumption positively contributes to economic output and has an adverse effect on CO2 emissions. Given our findings, we suggest policy makers of those economies to initiate further effective policies to promote more renewable energy generation and uses across economic activities to ensure sustainable economic development.Article Citation - WoS: 211Citation - Scopus: 227The Roles of Technology and Kyoto Protocol in Energy Transition Towards COP26 Targets: Evidence From the Novel GMM-PVAR Approach for G-7 Countries(Elsevier Science inc, 2022-08) Dogan, Eyup; Chishti, Muhammad Zubair; Alavijeh, Nooshin Karimi; Tzeremes, Panayiotis; Karimi Alavijeh, NooshinThe investigation of the determinants of energy transition has become very attractive and popular due to the Sustainable Development Goals and COP26 targets. However, one shortcoming of the existing studies is the inability to understand the effects of technology and environmental policy to energy transition while the other criticism is the use of conventional techniques that do not handle the endogeneity issue. Thus, this study investigates the impacts of technology and Kyoto Protocol in addition to several control variables to energy transition by applying the novel econometric method of Sigmund and Ferstl (2021) on the annual data from 2000 to 2019 for G-7 countries. The empirical results confirm the positive and significant link between technology and energy transition, such that, a 1% rise in technology enhances the energy transition by 0.32%. Similarly, Kyoto Protocol has a significantly positive impact on energy transition. An explanation is that the Protocol is based on principles and policies that emphasize the advanced and industrialized economies to enhance the environmental quality by promoting the renewable energy resources and reducing the greenhouse gases. Furthermore, the G-7 authorities should start to provide subsidies to clean energy and technology-related investors and levy multiple disincentives (i.e., higher tax rates) on the industries deploying the conventional and polluting methods for energy production. Further policy implications are discussed in the study.Article Citation - WoS: 479Citation - Scopus: 548The Role of Renewable Versus Non-Renewable Energy to the Level of Co2 Emissions a Panel Analysis of Sub-Saharan Africa's Big 10 Electricity Generators(Pergamon-Elsevier Science Ltd, 2018-08) Inglesi-Lotz, Roula; Dogan, EyupUndoubtedly, the increasing rates of CO2 emissions contribute highly to climate change. Studies stress the importance of understanding the determinants of emissions, in order to implement appropriate policies. In the past, literature only looked at the effect of aggregate energy to emissions; while nowadays, with the increasing role of renewables, they aim at evaluating the impacts of renewable and nonrenewable energies separately. Also, studies ignored possible cross-dependence among countries; concept particularly important for countries linked by trade or geographical position. Also, only lately, studies focused on developing economies. In this study, we aim to address these gaps of the literature by estimating the determinants (renewable and non-renewable energy, income and trade openness) of CO2 emissions for the ten biggest electricity generators in Sub-Saharan Africa for the period 1980 to 2011 by employing panel estimation techniques robust to cross dependence. A long-run relationship between the main variables is confirmed. Increases in non-renewable energy consumption intensify pollution while the opposite holds for renewable energy. With regards to direction of causal relationships, we observe a unidirectional causality running from emissions, income, trade and non-renewable energies towards renewable energies; from nonrenewable energy to emissions; and from emissions and non-renewable energies to trade. (C) 2018 Elsevier Ltd. All rights reserved.