Renewable energy, economic globalization and foreign direct investment linkage for sustainable development in the E7 economies: revisiting the pollution haven hypothesis

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dc.authorscopusid57216591351
dc.authorscopusid48361039700
dc.authorscopusid57209599041
dc.authorscopusid57193455217
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorBein, Murad A.
dc.contributor.authorUdemba, Edmund Ntom
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:57:25Z
dc.date.available2024-09-11T19:57:25Z
dc.date.issued2022
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis 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. © 2021 John Wiley & Sons Ltd.en_US
dc.identifier.doi10.1111/issj.12301
dc.identifier.endpage110en_US
dc.identifier.issn0020-8701en_US
dc.identifier.issue243en_US
dc.identifier.scopus2-s2.0-85125856738en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage91en_US
dc.identifier.urihttps://doi.org/10.1111/issj.12301
dc.identifier.urihttps://hdl.handle.net/11363/8257
dc.identifier.volume72en_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherJohn Wiley and Sons Incen_US
dc.relation.ispartofInternational Social Science Journalen_US
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.titleRenewable energy, economic globalization and foreign direct investment linkage for sustainable development in the E7 economies: revisiting the pollution haven hypothesisen_US
dc.typeEditorialen_US

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