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dc.contributor.authorGyamfi, Bright Akwasi
dc.contributor.authorAdebayo, Tomiwa Sunday
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorAgyekum, Ephraim Bonah
dc.contributor.authorKumar, Nallapaneni Manoj
dc.contributor.authorAlhelou, Hassan Haes
dc.contributor.authorAl-Hinai, Amer
dc.date.accessioned2023-08-10T17:36:08Z
dc.date.available2023-08-10T17:36:08Z
dc.date.issued2021en_US
dc.identifier.issn2352-4847
dc.identifier.urihttps://hdl.handle.net/11363/5231
dc.description.abstractIn acknowledgment of the devastating consequences of environmental deterioration, the Mediterranean members are committed to adopt the 2015 treaty action plans of the Paris Climate Agreement (COP21) as carbon dioxide emission (CO2) are on the rise in the Mediterranean region, which seems to be a serious challenge to our world’s environment. To this end, our study examined the impact of Foreign Direct Investment (FDI) on environmental degradation for the Mediterranean members for the period between 1995 to 2016. However, variables such as, financial development, economic growth, renewable energy and fossil fuel were further examined by the use cross-sectional-Panel pooled Auto Regressive Distributed Lag methodology, Augmented Mean Group (AMG) and Dumitrescu and Hurlin panel causality test was used for causality analysis. The co-integration results from Westerlund (2007) shows a long-run equilibrium relationship between highlighted variables. The empirical result revealed a negative relation between FDI and CO2 indicating pollutant Hallo Hypothesis (PHH). Moreover, income and its square show an inverted U-Shaped curve indicating environmental Kuznets curve (EKC) hypothesis. Both financial development and renewable energy indicated an adverse association with CO2 emission whereas fossil fuel had a positive relationship with emissions. However, there was a feedback causality among income and carbon emission as well as financial development and carbon emission. Furthermore, we observe that FDI and carbon emission, renewable energy and carbon emission, as well as fossil fuel and carbon emission were found to have one-way causal relationship. Overall, the study suggests some policy prescriptions including the implementation of conservation initiatives and the establishment of clean energy regulation and strategies for the investigated bloc.en_US
dc.language.isoengen_US
dc.publisherELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDSen_US
dc.relation.isversionof10.1016/j.egyr.2021.09.056en_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.subjectFDIen_US
dc.subjectEconomic growthen_US
dc.subjectSustainable developmenten_US
dc.subjectCross-sectional-ARDLen_US
dc.subjectMediterranean regionen_US
dc.titleBeyond environmental Kuznets curve and policy implications to promote sustainable development in Mediterraneanen_US
dc.typearticleen_US
dc.relation.ispartofEnergy Reportsen_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.authoridhttps://orcid.org/0000-0002-7567-9885en_US
dc.authoridhttps://orcid.org/0000-0003-0094-1778en_US
dc.authoridhttps://orcid.org/0000-0002-6947-4349en_US
dc.authoridhttps://orcid.org/0000-0002-7382-7784en_US
dc.authoridhttps://orcid.org/0000-0002-7427-2848en_US
dc.authoridhttps://orcid.org/0000-0002-7200-9974en_US
dc.identifier.volume7en_US
dc.identifier.startpage6119en_US
dc.identifier.endpage6129en_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.contributor.institutionauthorBekun, Festus Victor


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