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The alternative energy utilization and common regional trade outlook in EU-27: Evidence from common correlated effects
Adedoyin, Festus Fatai; Alola, Andrew Adewale; Bekun, Festus Victor (PERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLAND, 2021)The role of low-carbon energy and trade on the environment has drawn several studies that have looked at issues from different perspectives, thus yielding differing conclusions. Considering the current emphasis on the ... -
Analyzing transport demand and environmental degradation: the case of G‑7 countries
Erdoğan, Sinan; Sarkodie, Samuel Asumadu; Adedoyin, Festus Fatai; Bekun, Festus Victor; Owusu, Phebe Asantewaa (SPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS, 2022)The debate for green development has been ongoing in the energy and environment literature—especially initiatives to mitigate climate change. On this note, we explore the efects of the air and railway transport demand, ... -
The anthropogenic consequences of energy consumption in E7 economies: Juxtaposing roles of renewable, coal, nuclear, oil and gas energy: Evidence from panel quantile method
Gyamfi, Bright Akwasi; Adedoyin, Festus Fatai; Bein, Murad A.; Bekun, Festus Victor; Agozie, Divine Q. (ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND, 2021)The emerging industrialized seven (E7) economies are not excluded from the global warming issues which is a major problem for most economies. The E7 member countries have partaken in policies to mitigate against global ... -
An assessment of environmental sustainability corridor: The role of economic expansion and research and development in EU countries
Adedoyin, Festus Fatai; Alola, Andrew Adewale; Bekun, Festus Victor (ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2020)Given that the European Union-28 countries proposed a target of 3% of the Gross Domestic Product on research and development (R&D) expenditure by 2020, the current study attempts to examine the role of R&D on environmental ... -
The asymmetric impact of air transport on economic growth in Spain: fresh evidence from the tourism-led growth hypothesis
Balsalobre-Lorente, Daniel; Driha, Oana M.; Bekun, Festus Victor; Adedoyin, Festus Fatai (ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND, 2021)The tourism sector has emerged as an essential driver for economic growth strategies during the last decades. An asymmetric long-run effect of air transport on economic growth is validated assuming a process of social ... -
Consequences of COVID-19 on the social isolation of the Chinese economy: accounting for the role of reduction in carbon emissions
Balsalobre-Lorente, Daniel; Driha, Oana M.; Bekun, Festus Victor; Sinha, Avik; Adedoyin, Festus Fatai (SPRINGER, VAN GODEWIJCKSTRAAT 30, 3311 GZ DORDRECHT, NETHERLANDS, 2020)The main contribution of the present study to the energy literature is to explore the relationship between economic growth and pollution emission amidst globalization. In contrast to the existing studies, this research ... -
Designing policy framework for sustainable development in Next-5 largest economies amidst energy consumption and key macroeconomic indicators
Bekun, Festus Victor; Adedoyin, Festus Fatai; Balsalobre-Lorente, Daniel; Driha, Oana M. (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2022)Global travel and tourism have enjoyed a signifcant boost due to the progress in air transport. However, the debate on air transport and the infux of foreign investments and global energy demand on economic development ... -
Do economic policy uncertainty and geopolitical risk surge CO2 emissions? New insights from panel quantile regression approach
Syed, Qasim Raza; Bhowmik, Roni; Adedoyin, Festus Fatai; Alola, Andrew Adewale; Khalid, Noreen (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2022)In recent times, economic policy uncertainty (EPU) and geopolitical risk (GPR) are increasing signifcantly where the economy and environment are afected by these factors. Therefore, the goal of this paper is to investigate ... -
Does agricultural development induce environmental pollution in E7? A myth or reality
Adedoyin, Festus Fatai; Bein, Murad A.; Gyamfi, Bright Akwasi; Bekun, Festus Victor (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2021)Environmental degradation caused by various human activities has been a subject of attention over the globe. There is a concern on how to maintain a clean environment and at the same time achieve optimum production of ... -
Does globalization in Turkey induce increased energy consumption: insights into its environmental pros and cons
Etokakpan, Mfonobong Udom; Adedoyin, Festus Fatai; Yorucu, Vedat; Bekun, Festus Victor (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2020)Globalization is the paradigm shift to a more integrated world economy broadly shaping economies and societies around the globe. The wave of globalization is much more eminent on its impact on increased energy demand, ... -
Does life expectancy, death rate and public health expenditure matter in sustaining economic growth under COVID-19: Empirical evidence from Nigeria?
Alhassan, Gloria Nnadwa; Adedoyin, Festus Fatai; Bekun, Festus Victor; Agabo, Terhemen Justine (WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2021)The current health pandemic that has plagued the global of which the global southNigeria is not insulated from is the premise for this empirical investigation. The present study relies on recent annual time-series data to ... -
The effect of energy consumption on the environment in the OECD countries: economic policy uncertainty perspectives
Zakari, Abdulrasheed; Adedoyin, Festus Fatai; Bekun, Festus Victor (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2021)In this paper, we investigate the impact of energy use and economic policy uncertainties on the environment. To achieve this objective, we use the pooled mean group-autoregressive distributed lag methodology (PMG-ARDL) ... -
The effects of air transportation, energy, ICT and FDI on economic growth in the industry 4.0 era: Evidence from the United States
Adedoyin, Festus Fatai; Bekun, Festus Victor; Driha, Oana M.; Balsalobre-Lorente, Daniel (ELSEVIER SCIENCE INC, STE 800, 230 PARK AVE, NEW YORK, NY 10169, 2020)This study analyses the causal and long-run linkage between air transport and economic growth. It was conducted to validate the tourism-led growth hypothesis for the United States (US) during the period 1981–2017 and ... -
Energy consumption, economic policy uncertainty and carbon emissions; causality evidence from resource rich economies
Adams, Samuel; Adedoyin, Festus Fatai; Olaniran, Eniola; Bekun, Festus Victor (ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2020)The study uses the World Uncertainty Index to analyze the long-run relationship of economic policy uncertainty and energy consumption for countries with high geopolitical risk over the period 1996–2017. The Kao test shows ... -
Environmental consequences of economic complexities in the EU amidst a booming tourism industry: Accounting for the role of brexit and other crisis events
Adedoyin, Festus Fatai; Agboola, Phillips O.; Öztürk, İlhan; Bekun, Festus Victor; Agboola, Mary Oluwatoyin (ELSEVIER SCI LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, OXON, ENGLAND, 2021)The European Union (EU) is one of the strongest, but most complex unions in the world with a competitive tourism industry. The aim of this study, therefore, is to account for economic complexity index (ECI), Brexit and ... -
Environmental degradation, energy consumption and sustainable development: Accounting for the role of economic complexities with evidence from World Bank income clusters
Adedoyin, Festus Fatai; Nwulu, Nnamdi; Bekun, Festus Victor (WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2021)The anthropogenic consequences of renewable and non-renewable energy consumption, economic growth, and air transport have been assessed enormously in the literature. However, given the complexities in many economies of ... -
Environmental implications of N-shaped environmental Kuznets curve for E7 countries
Gyamfi, Bright Akwasi; Adedoyin, Festus Fatai; Bein, Murad A.; Bekun, Festus Victor (SPRINGER HEIDELBERG, TIERGARTENSTRASSE 17, D-69121 HEIDELBERG, GERMANY, 2021)The environmental Kuznets curve (EKC) hypothesis is of great importance to understanding the relationship between economic activity and environmental degradation. Given the current wave of climate change and environmental ... -
Exploring the tourism-CO2 emissions-real income nexus in E7 countries: accounting for the role of institutional quality
Bekun, Festus Victor; Adedoyin, Festus Fatai; Etokakpan, Mfonobong Udom; Gyamfi, Bright Akwasi (ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2-4 PARK SQUARE, MILTON PARK, ABINGDON OX14 4RN, OXON, ENGLAND, 2022)The purpose of this study is to explore the long-run and causality relationship between tourism development and the real income level in an environmental Kuznets Curve (EKC) framework for emerging industrialised economies ... -
The export-led growth in Malaysia: Does economic policy uncertainty and geopolitical risks matter?
Adedoyin, Festus Fatai; Afolabi, Joseph Olarewaju; Yalçiner, Kürşat; Bekun, Festus Victor (WILEY, 111 RIVER ST, HOBOKEN 07030-5774, NJ, 2022)In spite of the fact that the connection between exports of goods and services and economic growth has for quite some time been talked about, the examination of the relationship in light of recent global events such as ... -
Generation of energy and environmental-economic growth consequences: Is there any difference across transition economies?
Adedoyin, Festus Fatai; Abubakar, Isah Funtua; Bekun, Festus Victor; Sarkodie, Samuel Asumadu (ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS, 2020)One of the European Union’s (EU) membership conditions includes an ambitious energy policy objective such as energy security, environmental protection and diversification using renewables. However, the impact of the ...