Renewable energy, economic globalization and foreign direct investment linkage for sustainable development in the E7 economies
Revisiting the Pollution Haven Hypothesis
Bibliographic Data
| ID | 7811085 |
|---|---|
| Authors | Bright Akwasi Gyamfi (0000-0002-7567-9885, Faculty of Economics and Administrative Sciences Cyprus International University Via Mersin 10, North Cyprus Nicosia Turkey), Murad A Bein (0000-0002-3248-4316, Faculty of Economics and Administrative Sciences Cyprus International University Via Mersin 10, North Cyprus Nicosia Turkey), Edmund Ntom Udemba (0000-0003-4191-0767, Faculty of Economics Administrative and Social sciences Istanbul Gelisim University Istanbul Turkey), Festus Victor Bekun (0000-0003-4948-6905, Faculty of Economics Administrative and Social sciences Istanbul Gelisim University Istanbul Turkey, corresponding author) |
| Year | 2022 |
| Volume | 72 |
| Issue | 243 |
| Pages | 91-110 |
| Publication date | 2022-03-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Social Science Journal (JOURNAL) |
| Journal identifiers | ISSN: 0020-8701 • E-ISSN: 1468-2451 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/issj.12301 |
| OpenAlex | W4220851558 |
| Language | EN |
| Citations received | 7 |
| References cited | 77 |
This present study is motivated by the United Nations Sustainable Development Goals (UN‐SDGs) that concerns pertinent issues that comprises environmental sustainability (SDG‐13), sustainable development (SGD‐8), and responsible consumption (SDG‐11), among others. To this end, this study examines the long‐run and causality linkage between renewable and non‐renewable energy, foreign direct investment, and economic globalisation in a carbon‐income framework by use of both carbon dioxide emission and ecological footprint as a determinant for environmental degradation for E7 countries. Furthermore, a series of panel econometrics panel tests in conjunction with quantile regression is used to explore the relationship between the outlined variables for annual frequency data from 1990 to 2016. Empirical results trace a long‐run equilibrium relationship among the highlighted variables as reported by Westerlund (2007). Additionally, this study gives credence and validates the pollution haven for the emerging (E7) countries examined, thus, implying the detrimental effect of foreign direct investment (FDI) on quality of environment in E7 economies. Interestingly, we observe that investment in renewable energy consumption will improve environmental quality. This outcome resonates with the advocacy of UN‐SDGs‐7, 11, 12, and 13, where emphasis is placed on responsible energy consumption (renewables), access to clean energy, and climate change mitigation. Conclusively, these revelations suggest the chase for adoption of low‐carbon development technologies and strategies in E7 countries
Economics · Environmental degradation · Environmental pollution · Environmental protection · Environmental quality · Foreign direct investment · Granger causality · Macroeconomics · Natural resource economics · Panel data · Pollution haven hypothesis · Renewable energy · Sustainability · Sustainable development · Climate Change Policy and Economics · Ecology · Energy, Environment, Economic Growth · Environmental Impact and Sustainability · Environmental Science
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| Citations per year | 3.5 |
|---|---|
| Citation span | 2024 - 2026 (3) |
| Highly cited | No |