Environmental Sustainability in India: The Effects of Financial Development and Green Energy on Ecological Footprint

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dc.authoridozbek, sefa/0000-0002-1043-2056
dc.contributor.authorOzbek, Bahar
dc.contributor.authorOzbek, Sefa
dc.date.accessioned2025-03-17T12:25:10Z
dc.date.available2025-03-17T12:25:10Z
dc.date.issued2024
dc.departmentTarsus Üniversitesi
dc.description.abstractIn this study, environmental sustainability is investigated through the ecological footprint variable in India from 1965 to 2018. In this context, the impact of renewable energy use, financial development, urbanization and economic growth on India's ecological footprint is analyzed. Since all variables were stationary at the first difference, the cointegration relationship between variables was tested with Gregory-Hansen and Hatemi-J cointegration tests. Empirical findings have shown that there is a long-term relationship between the variables in the relevant period. FMOLS, DOLS, and CCR estimators were used to determine the direction and magnitude of the effect of the explanatory variables on the dependent variable. The estimation results found that while economic growth increased the ecological footprint the most, financial development decreased the most. In addition, the increase in urbanization increases environmental degradation. However, although the use of green energy is not at the desired level, it increases the environmental quality. On the other hand, the study tests the EKC hypothesis for India. Research results support that there is an inverted-u-shaped relationship between economic growth and ecological footprint. Therefore, for India, whose GDP is integrated with fossil fuels, higher growth at the beginning causes more fossil fuel use and negatively affects environmental quality. On the other hand, increasing urbanization in India, which has an underdeveloped energy infrastructure, increases environmental degradation. However, increasing renewable energy and financial development offer significant opportunities to reduce the ecological footprint.
dc.identifier.doi10.46544/AMS.v29i1.18
dc.identifier.endpage215
dc.identifier.issn1335-1788
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85200007533
dc.identifier.scopusqualityQ2
dc.identifier.startpage203
dc.identifier.urihttps://doi.org/10.46544/AMS.v29i1.18
dc.identifier.urihttps://hdl.handle.net/20.500.13099/1523
dc.identifier.volume29
dc.identifier.wosWOS:001291898500016
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherBerg Fac Technical Univ Kosice
dc.relation.ispartofActa Montanistica Slovaca
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WOS_20250316
dc.subjectEnvironmental sustainability
dc.subjectecological footprint
dc.subjectgreen energy
dc.subjectfinancial development
dc.subjectIndia
dc.titleEnvironmental Sustainability in India: The Effects of Financial Development and Green Energy on Ecological Footprint
dc.typeArticle

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