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Öğe Global Energy Transformation and the Impacts of Systematic Energy Change Policy on Climate Change Mitigation(Mdpi, 2023) Gunes, Hakan; Simba, Hamis Miraji Ally; Karadag, Haydar; Sit, MustafaThis study aims to evaluate the effect of global energy transformation and systematic energy change on climate change. The model is constructed from dynamic panel data which comprises 26 world regions from the World Database Indicators (WDIs), International Energy Atomic (IEA), and International Monetary Fund (IMF), with a span from 2005 to 2022. The Generalized system Method of Moment (sys-GMM) and pooled OLS and random effect models have been used to empirically evaluate the linked effect of global transformation and systematic change on climate change. The sys-GMM approach is used to control the endogeneity of the lagged dependent variable when there is an association between the exogenous variable and the error term. Furthermore, it omits variable bias, measurement errors in the estimation, and unobserved panel heterogeneity. The econometric applications allow us to quantify the direct effect of global transformation and systematic change on climate change. The empirical analysis revealed that renewable energy, alternative energy, technology and innovation, and financial climate have a negative effect on climate change. It means that increasing consumption of the transformation energies leads to reducing the effect of climate change. However, fossil energy is statistically significant and positively affects climate change. Increasing the consumption of fossil energy raises the effect of climate change. There is a global need for massive decarbonization infrastructure that will help minimize the global warming that leads to climate change. Policies that take an endogenous approach through global transformation and systematic change should be implemented to reduce the effect of climate change. The policy should reduce the consumption of non-renewable energy and increase the consumption of renewable energy.Öğe Rethinking of Government Institutions and Governance Quality Indicators on Economic Growth in Sub-Saharan African Countries(Springer, 2024) Sit, Ahmet; Radulescu, Magdalena; Gunes, Hakan; Simba, Hamis Miraji Ally; Sit, Mustafa; Karadag, HaydarThe study aims to investigate the effect of governance quality on economic growth and government consumption in Sub-Saharan African countries. Balanced dynamic panel data for 36 Sub-Saharan African countries from 2011 to 2022 were analyzed using GMM and Driscoll-Kraay regressions. In addition to the fact that there is no study in the literature that examines the effect of state governance indicators on economic growth in SSA countries, the addition of government consumption variable as a second dependent variable adds originality to the study. The empirical analysis revealed that government institutions have a positive effect and are significant in SSA countries' economic growth. In addition, according to the Driscoll-Kraay regression, it is seen that governments' development of institutions increases government consumptions. The governance indicators threshold that strengthens the government institution in Sub-Sahara Africa must be reached to increase the economic growth of Sub-Sahara Africa. For economic growth, effective government institutions and governance quality policies should be practiced and maintained among the Sub-Saharan African countries.Öğe Rethinking of Government Institutions and Governance Quality Indicators on Economic Growth in Sub-Saharan African Countries (Jun, 10.1007/s13132-024-02040-6, 2024)(Springer, 2024) Sit, Ahmet; Radulescu, Magdalena; Gunes, Hakan; Simba, Hamis Miraji Ally; Sit, Mustafa; Karadag, Haydar[Abstract Not Available]
