Effect of Political Stability, Geopolitical Risk and R&D Investments on Environmental Sustainability

Evidence from European Countries by Novel Quantile Models

Dados Bibliográficos

ID7973360
AutoresSerpil Kiliç Depren (0000-0003-4737-7131, Osmaniye Korkut Ata University), Sinan Erdogan (0000-0003-3491-8234, Azerbaijan State University of Economics), Mustafa Tevfik Kartal (0000-0001-8038-8241, Borsa Istanbul (Turkey)), Ugur Korkut Pata (0000-0002-2853-4106, Lebanese American University)
Ano2024
Volume72
FascículoSpec.issue
Páginas151-180
Data de publicação2024-05-01
Peer ReviewedSim
Open AccessSim
TipoARTICLE
PeriódicoPolitická ekonomie (JOURNAL)
Identificadores do periódicoISSN: 0032-3233 • E-ISSN: 2336-8225
EditoraPrague University of Economics and Business (PUBLISHER • CZ)
DOI10.18267/j.polek.1413
OpenAlexW4389099570
IdiomaEN
Citações recebidas5
Referências citadas71

This research investigates the effect of political stability and geopolitical risk on environmental sustainability (ES) by considering R&D investments in nuclear and renewable energy.Considering the high political stability and recent energy crisis and increasing geopolitical risk, the study focuses on three leading European countries.We use the load capacity factor, include data between 1985/1 and 2020/12, and apply quantile on quantile regression (QQ), Granger causality in quantiles (GQ), and quantile regression (QR) models.The study finds that in higher quantiles (i) increasing political stability stimulates the ES in Sweden and the United Kingdom; (ii) increasing geopolitical risk supports the ES in France; (iii) R&D investments increase the ES in all the countries; (iv) there are generally causal effects from the explanatory variables to the ES except some quantiles (0.45-0.50) in all the countries; (v) the power effects of the variables differ according to countries, quantiles and variables

Development economics · Econometrics · Economics · Geopolitics · Macroeconomics · Natural resource economics · Political science · Politics · Quantile · Sustainability · Climate Change Policy and Economics · Energy, Environment, Economic Growth · Market Dynamics and Volatility