Re-examining the roles of economic globalization and natural resources consequences on environmental degradation in E7 economies: Are human capital and urbanization essential components?

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dc.authoridhttps://orcid.org/0000-0003-1497-7835en_US
dc.authoridhttps://orcid.org/0000-0002-8438-2231en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorOnifade, Stephen Taiwo
dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorHaouas, Ilham
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-08-11T17:08:57Z
dc.date.available2023-08-11T17:08:57Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThe impacts of economic globalization on environmental degradation are investigated in the E7 economies in the presence of some control variables including economic growth, natural resources, urbanization, and human capital between 1990 and 2016 in a carbon-income environment. This study implements a panel regression analysis using the Augmented Mean Group (AMG) estimator of Eberhardt and Bond and Eberhardt and Teal method for the long run estimation. Besides, the study also applies the fully modified ordinary least square (FMOLS) and dynamic ordinal least square (DOLS) to estimate the long-run relationship between the variables using both CO2 emission and ecological footprint (ECF) as dependent variables in distinct models. Key important results from the study stand out. Firstly, the study reveals that globalization is negatively correlated with CO2 emission and the ecological footprint of the E7 economies. This finding depicts the significance of economic integration among countries as a significant tool for cushioning environmental degradation. Secondly, the study demonstrates that natural resources, urbanization, and economic growth increase pollution in both models. Thirdly, human capital reduces environmental pollution in the E7 and its pollution abating impacts also cushion environmental degradation from growing urbanization as the interaction between both variables significantly abates pollution in the E7 bloc. Overall, the study suggests some policy ideas including the establishment of clean discovery regulation and the implementation of conservation initiatives, enhanced human capital investment initiatives, and carefully designed economic integration policies to attract foreign investors with innovative technologies to maximize environmental pros of the era of globalization.en_US
dc.identifier.doi10.1016/j.resourpol.2021.102435en_US
dc.identifier.endpage9en_US
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85118231314en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1en_US
dc.identifier.urihttps://hdl.handle.net/11363/5258
dc.identifier.urihttps://doi.org/
dc.identifier.volume74en_US
dc.identifier.wosWOS:000718000600005en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLANDen_US
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEnvironmental sustainabilityen_US
dc.subjectCarbon reductionen_US
dc.subjectEconomic globalizationen_US
dc.subjectPanel econometricsen_US
dc.subjectE7 economiesen_US
dc.titleRe-examining the roles of economic globalization and natural resources consequences on environmental degradation in E7 economies: Are human capital and urbanization essential components?en_US
dc.typeArticleen_US

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