Testing the asymmetric impacts of income inequality, financial development and human development on ecological footprint in Türkiye: A NARDL approach
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Tarih
2024
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Elsevier Sci Ltd
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
This study aims to explore the asymmetric effects of income inequality, financial development, and human development on the ecological footprint in T & uuml;rkiye between 1990 and 2021, as well as the symmetric impacts of energy consumption, economic growth, trade openness, and urbanization. The Nonlinear Autoregressive Distributed Lag method is employed to examine the short- and long-term relationships among the variables. This study distinguishes itself from previous research by examining the asymmetric effects of income inequality, human development, and financial development on the environment in T & uuml;rkiye, where significant economic and social transformations have occurred in the past few decades and have had severe impacts on the environment. The study's key findings demonstrate that shocks in income inequality, financial development, and human development have significant impacts on the ecological footprint. Our findings indicate the importance of using disaggregated data in the analyses. The results related to control variables indicate that energy consumption and economic growth exacerbate ecological pressure, while urbanization mitigates it. These findings have significant implications for policymakers, who can achieve socioeconomic and environmental gains by addressing crucial issues such as green job creation, green technologies, green financing, and environmental education.
Açıklama
Anahtar Kelimeler
Ecological footprint, Income inequality, Financial development, Human development, NARDL
Kaynak
Journal of Cleaner Production
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
461
