Scopus İndeksli Yayınlar Koleksiyonu

Permanent URI for this collectionhttps://hdl.handle.net/20.500.12573/395

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Author: search.filters.author.Dogan, EyupPublisher: search.filters.publisher.Elsevier Sci Ltd

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Now showing 1 - 10 of 16
  • Article
    Citation - WoS: 250
    Citation - Scopus: 280
    The Role of Institutional Quality and Environment-Related Technologies in Environmental Degradation for BRICS
    (Elsevier Sci Ltd, 2021-07) Hussain, Muzzammil; Dogan, Eyup
    An expanding body of literature has highlighted the environment-growth nexus. However, the literature is scarce on the role of environmental technologies and institutional quality in environmental pollution. The present study aims to contribute to the existing knowledge by utilizing environment-related technologies (ERT), institutional quality (IQ), and energy consumption to investigate ecological footprints (EF) as a proxy for the environment in BRICS economies in a framework based on environmental Kuznets curve (EKC) theory. By using data from 1992 to 2016, long-and short-term relationships are estimated through cross-section augmented autoregressive distributive lag model, augmented mean group estimator, and common correlated effects mean group. The second-generation econometric tools indicate that IQ and ERT negatively affect ecological footprints, thereby implying reductions in environmental degradation. The EKC hypothesis is not validated, implying that an increase in economic activities causes an increase in pollution. Overall, BRICS economies should improve their quality of institutions and enhance investments in environmental technologies to achieve a sustainable environment in the future. Findings are robust to practical policy implications. (c) 2021 Elsevier Ltd. All rights reserved.
  • Article
    Citation - WoS: 12
    Citation - Scopus: 12
    The Role of Energy Efficiency, Renewable Resources, Green Innovation, and Fiscal Decentralization in Sustainable Development: Evidence From OECD Countries
    (Elsevier Sci Ltd, 2025-08) Binsaeed, Rima H.; Khan, Zeeshan; Dogan, Eyup; Rahim, Syed
    Energy efficiency and renewable resources for sustainable development are novel discussion areas for academics and researchers. Similarly, most developed and emerging countries are experiencing fiscal decentralization to enhance regional development. However, the importance of these sectors in sustainable development is still unclear in the literature. This research investigates the influence of energy efficiency, renewable energy, green innovation, and fiscal decentralization on sustainable development. Using the data for 18 fiscally decentralized OECD countries from 1995 to 2020, the roles of linear and nonlinear green innovation and renewable energy are also considered. This study uses novel moment quantile regression and finds that revenue decentralization, expenditure decentralization, and fiscal decentralization are significant drivers of sustainable development. Additionally, energy efficiency and value-added manufacturing significantly enhance sustainability in the region. However, green innovation and renewables are resources that exhibit a U-shaped association with sustainable development. The robustness of these results is validated via a series of parametric and nonparametric approaches. From the policy perspective, this research suggests improved research and development on renewable energy, green innovation, and energy efficiency could significantly encourage the OECD's journey towards sustainable development. Additionally, subnational governments should be given more fiscal autonomy, which may encourage regional level investments and boost the confidence of clean energy producing sectors to accelerate sustainable regional development.
  • Article
    Citation - WoS: 63
    Citation - Scopus: 71
    The Nexus Between Poverty, Inequality and Environmental Pollution: Evidence Across Different Income Groups of Countries
    (Elsevier Sci Ltd, 2022-03) Ehigiamusoe, Kizito Uyi; Majeed, Muhammad Tariq; Dogan, Eyup
    Even though the literature has extensively focused on a number of determinants of environmental pollution, it lacks to incorporate the importance of poverty and inequality on the environment. The nexus of poverty-inequality-environment is indeed in line with the agenda of the United Nations' Sustainable Development Goals. Furthermore, the existing studies usually rely on carbon dioxide (CO2) emissions as the proxy for the pollution in their analysis. This study fills the mentioned gaps by investigating the impacts of income inequality and poverty on environmental pollution using ecological footprint (a comprehensive measure of the pollution) in addition to CO2 emissions for 70 countries categorized by income groups. This research employs the dynamic panel system Generalized Method of Moments (GMM) and the Dumitrescu-Hurlin Granger causality techniques which are strong to several econometric issues that may frequently arise in the estimation procedures. The empirical outcomes show that income inequality and poverty increase carbon emissions and ecological footprint in the entire panel. However, when the panel is split into groups, the results indicate that income inequality mitigates carbon emissions and ecological footprint in high-income group but aggravates them in middle-income group. Though poverty has no significant impact on carbon emissions in high-income group, it raises the levels of carbon emissions and ecological footprint in middle-income group. This study overall implies that income inequality and poverty are significant determinants of environmental pollution. Hence, efforts to abate envi-ronmental degradation should give adequate attention to poverty and inequality in order to attain environmental sustainability.
  • Article
    Citation - WoS: 65
    Citation - Scopus: 71
    The Nexus Between Global Carbon and Renewable Energy Sources: A Step Towards Sustainability
    (Elsevier Sci Ltd, 2023-09) Dogan, Eyup; Luni, Tania; Majeed, Muhammad Tariq; Tzeremes, Panayiotis
    The energy transition is at the core of sustainable development as it helps to combat global warming and climate change. Similarly, carbon markets also support the climate change mitigation. Therefore, by realizing the potential role of clean energy and carbon markets in ensuring environmental sustainability, this study analyzes the spillovers and connectedness between the environment (global carbon) and renewable energy sources (wind, solar, geothermal, biofuel, and fuel cell). The empirical analysis is conducted by applying the novel "TVP-VAR" connectedness framework of Balcilar et al. (2021) on the daily data over the period from August 1, 2014, to February 4, 2022. The findings show that solar and biofuel appear as the highest net shock transmitter among alternative renewable sources while global carbon is shown as the net receiver of shocks. The largest transmission of shocks to global carbon is observed from wind followed by solar. Although these findings support the connectedness between renewable energy and the environment, however this connectedness is influenced by economic crises such as the oil crisis and pandemic crisis. During COVID-19, the fuel cell was the highest transmitter of shocks. The results are important for policy formulation, investment, and portfolio management as they provide insights into the interconnectedness and help in boosting climate actions.
  • Article
    Citation - WoS: 86
    Citation - Scopus: 101
    The Analysis of 'Financial Resource Curse' Hypothesis for Developed Countries: Evidence from Asymmetric Effects With Quantile Regression
    (Elsevier Sci Ltd, 2020-10) Dogan, Eyup; Altinoz, Buket; Tzeremes, Panayiotis
    A vast body of literature either proxies natural resource abundance with total rents or focuses on the natural resource curse hypothesis. Furthermore, most empirical studies in the literature use traditional estimation methods. To fill the mentioned gaps, this study investigates the financial resource curse hypothesis by using the linkage between financial development and four natural resource rents (oil rents, coal rents, forest rents and natural gas rents) and applying the panel quantile regression with fixed effects on a dataset for a group of developed countries. This study finds that oil rents, coal rents, forest rents and natural gas rents have a positive effect on financial development, which supports financial resource blessing against financial resource curse for developed countries. In addition, a robust examination is conducted by applying the Canay two-step framework. The outcomes verify the main findings although the incremental effect on financial development of forest rents is greater than the other three proxies. This situation can be described as critical for the sustainability of developments related to natural resource rents in financial development and new set of suggestions can be made for policymakers.
  • Article
    Citation - WoS: 31
    Citation - Scopus: 31
    Revisiting the Nexus Among Carbon Emissions, Energy Consumption and Total Factor Productivity in African Countries: New Evidence from Nonparametric Quantile Causality Approach
    (Elsevier Sci Ltd, 2020-03) Dogan, Eyup; Tzeremes, Panayiotis; Altinoz, Buket
    This study aims to contribute to the existing thin body of nonlinear causality literature by applying the new hybrid nonparametric quantile causality approach. In this line, we investigate the non-linear nexus among total factor productivity, energy consumption and carbon emissions for seventeen African countries. From the results, it is remarkable that there are generally strong causalities between the variables in the middle lower, middle upper and middle quantiles. Hence, energy consumption, environmental pollution and total factor productivity are closely linked in African countries. In particular, bidirectional linkage is detected between total factor productivity and energy consumption for Angola, Benin, Botswana, Cote d'Ivoire, Kenya, Morocco, Egypt, Nigeria and Tunisia. Studying the relationship between total factor productivity and emissions again at the middle quantile bidirectional causal ordering is documented almost for all the countries. Lastly and regarding the linkage between energy consumption and carbon emissions, a strong bidirectional ordering between the two variables is confirmed for Angola, Benin, Cote d'Ivoire, Cameroon, Kenya, Morocco, Egypt, Mozambique, Nigeria, Senegal and Tunisia. We can notice that an increase in economic development is critical for these countries; a number of regulatory policies for environmental problems and energy consumption are required during this development.
  • Article
    Citation - WoS: 56
    Citation - Scopus: 59
    Revisiting the Nexus of Financialization and Natural Resource Abundance in Resource-Rich Countries: New Empirical Evidence from Nine Indices of Financial Development
    (Elsevier Sci Ltd, 2020-12) Dogan, Eyup; Madaleno, Mara; Altinoz, Buket
    A great number of studies in the literature that estimates the impact of natural resource abundance on financial development proxies financialization with either domestic credit to the private sector or market capitalization of domestic companies. However, these proxies do not fully respond to the complicated structure of financial development. To fill the gaps in the existing literature, nine indices of financial development proposed by IMF are used in the links with natural resource abundance in resource-rich countries for the years 1980-2017. This study reveals reliable and robust empirical results by employing both traditional and second-generation econometric techniques for the dataset. First, the financial resource curse hypothesis is confirmed for the panel of resource-rich economies because natural resources have negative effects on each of the nine indices. Second, the negative impact of the abundance of natural resources on financialization decreases towards high quantile levels. Last, natural resource abundance has a greater negative impact on financial markets than financial institutions when indices of financial markets are compared to indices of financial institutions. Policy implications are further discussed in this study.
  • Article
    Citation - WoS: 49
    Citation - Scopus: 64
    Green Environment in the EU Countries: The Role of Financial Inclusion, Natural Resources and Energy Intensity
    (Elsevier Sci Ltd, 2023-05) Hodzic, Sabina; Sikic, Tanja Fatur; Dogan, Eyup
    The European Union pursues the European Green Deal strategy as well as Sustainable Development Goals, the main target of which is to become a carbon-neutral continent by 2050. Hence, a lot of environmental challenges need to be solved. Possible determinants in mitigating environmental challenges are financial inclusion, natural resources and interaction with a green environment. This concept implies preserving natural resources and a clean environment for future generations. However, there is still no clear evidence in the literature on how natural resources and financial inclusion interact with the green environment in the EU. Therefore, this paper aims at filling this gap. In order to obtain empirical results, the quantile regression econometric technique proposed by Koenker has been applied. The analyzed period was from 2004 to 2019 for EU-26 countries. The results show that higher energy intensity is the main cause of environmental degradation. However, financial inclusion in higher quantiles and natural resources rent lead to a reduction in carbon emissions. Our results also confirm that the EU has succeeded in decoupling economic growth from pollution. The robustness of the results was checked using a Powell's quantile regression, which confirmed the relationship between a green environ-ment and the variables analyzed. Thus, the results suggest that financial inclusion needs to be more integrated into energy and climate policies, especially in the early stages of development. In addition, large-scale green investments are needed in EU countries to further reduce energy intensity and create an effective green environment.
  • Article
    Citation - WoS: 53
    Citation - Scopus: 59
    Exploring the Relationship Between Agricultural Electricity Consumption and Output: New Evidence From Turkish Regional Data
    (Elsevier Sci Ltd, 2016-08) Dogan, Eyup; Sebri, Maamar; Turkekul, Berna
    This study investigates the relationship between agricultural electricity consumption and agricultural output for a panel of 12 regions of Turkey for the period 1995-2013. In order to reveal the possible heterogeneity between regions, empirical analyses are conducted for the whole panel data and two subgroups within the panel data; namely, coastal regions and non-coastal regions. The results from several panel unit root tests indicate that electricity consumption and output are stationary process at their levels for overall panel and the two specific groups. By using the OLS with regional fixed effects, this study finds that coefficient estimate of electricity consumption on output is statistically significant and positive for overall regions, coastal regions and non-coastal regions. In addition, the results from the Dumitrescu-Hurlin Granger causality test show that there is unidirectional causality running from agricultural output to electricity consumption for non-coastal regions, and there is bidirectional causality between agricultural electricity consumption and output for overall panel and coastal regions. Findings and policy implications are further discussed. (C) 2016 Elsevier Ltd. All rights reserved.
  • Article
    Citation - WoS: 11
    Citation - Scopus: 14
    Connectedness and Spillovers in the Innovation Network of Green Transportation
    (Elsevier Sci Ltd, 2023-09) Inglesi-Lotz, R.; Dogan, Eyup; Nel, J.; Tzeremes, Panayiotis
    Greener alternatives for fuelling automobiles, such as hydrogen transport and electric vehicles, have shown considerable promise in transportation. Many others are sceptical of the growing enthusiasm for these new technologies, believing that energy storage technologies and management are insufficient for a complete shift. Such a network of variables and smart grid technologies that can help with the transition may reveal some systemic hazards linked with financial institutions, company risk and failure, and so on. This study attempts to characterise spillovers and connections between the indices of green transportation, smart grid, innovative materials, energy storage, and energy management globally. To do this, we employ a novel strategy developed by Balcilar et al. (2021) as well as a robustness check using the well-known Diebold and Yilmaz (2012) method. The study highlights the sub-systemic sector's connections, giving policymakers insights into instruments to support financial market sustainability and stability. It would be critical to separate the impact of these indicators, but given the intrinsic relationship, this would be nearly impossible. The transportation innovation network is not rigid and established in its interconnection. The role of indicators shifts from transmitting to absorbing shocks regularly, and policymakers who want to encourage long-term solutions must be aware of this.