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SEÇİLMİŞ YÜKSEK GELİRLİ ÜLKELERDE EKONOMİK BÜYÜMENİN VE BEŞERİ SERMAYENİN CO2 EMİSYONLARINA ETKİLERİ

Year 2022, Volume: 9 Issue: 4, 417 - 431, 30.10.2022

Abstract

Bu çalışma, seçilen sekiz yüksek gelirli ülkede ekonomik büyümenin (GSYİH) ve insan sermayesinin CO2 emisyonları (CO2) üzerindeki etkilerini araştırmaya çalışmaktadır. Bu ülkeler Avustralya, Japonya, Kore Cumhuriyeti, Lüksemburg, Yeni Zelanda, Singapur, Birleşik Krallık ve ABD'DİR. Çalışmayı yapmak için 1990-2020 dönemi için yıllık bir panel ekonomik modeli kullanılmıştır. Kesitsel bağımlılık (CD) testleri ve CADF ve CIPS birim kök testleri, değişkenlerin kesitsel olarak bağımlı olduğunu ve aynı zamanda ilk farklılıklarda durağan olduğunu ortaya koymuştur. Kao ve Johansen Fisher Panel Eşbütünleşme Testleri değişkenler arasındaki eşbütünleşmeyi doğruladı. Havuzlanmış Tamamen Değiştirilmiş OLS (FMOLS) sonuçları, CO2 emisyonları ile ekonomik büyüme arasında ters U şeklinde bir ilişki olduğunu gösterdi; bu, modelde Çevresel Kuznets Eğrisi (EKC) hipotezinin var olduğunu ima ediyor. Ayrıca, bu Birleştirilmiş FMOLS test sonuçları, insan sermayesinin uzun vadede CO2 emisyonlarını azaltarak çevre kalitesini artırdığını da göstermiştir. VECM Granger nedensellik sonuçları, CO2 emisyonlarından ekonomik büyümeye ve ekonomik büyümeden beşeri sermayeye kadar kısa vadeli tek yönlü nedenselliği ve CO2 emisyonları ile ekonomik büyüme arasındaki uzun vadeli çift yönlü nedenselliği ortaya koymuştur. Çalışma, bu çalışmadan elde edilen bulgulara dayanarak gelecekteki çalışmalar için önerilerde bulunarak tamamlanmıştır.

References

  • Ahmed, Z., Nathaniel, S. P. and Shahbaz, M. (2021). The criticality of information and communication technology and human capital in environmental sustainability: Evidence from Latin American and Caribbean countries. Journal of Cleaner Production, 286, 125529.
  • Baltagi, B.H. (2005). Econometric Analysis of Panel Data. 3rd Edition, John Wiley & Sons Inc., New York.
  • Çakar, N. D., Gedikli, A., Erdoğan, S. and Yıldırım, D. Ç. (2021). Exploring the nexus between human capital and environmental degradation: The case of EU countries. Journal of Environmental Management, 295, 113057.
  • Haini, H. (2021). Examining the impact of ICT, human capital and carbon emissions: Evidence from the ASEAN economies. International Economics, 166, 116–125.
  • Hao, L., Umar, M., Khan, Z. and Ali, W. (2021). Green growth and low carbon emission in G7 countries: How critical the network of environmental taxes, renewable energy and human capital is? Science of the Total Environment, 752, 141853.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90 (1), 1-44.
  • Khan, Z, Ali, S., Dong, K. and Man Li, R. (2021). How does fiscal decentralization affect CO2 emissions? The roles of institutions and human capital. Energy Economics, 94, 105060.
  • Maddala, G. S. and Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test. Oxford Bulletin of Economics and Statistics, 61 (S1), 631-652.
  • Opoku, E. E. O., Dogah, K. E., Aluko, O. A. (2022). The contribution of human development towards environmental sustainability. Energy Economics, 106, 105782.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22, 265–312.
  • Rahman, M. M., Nepal, R. and Alam, K. (2021). Impacts of human capital, exports, economic growth and energy consumption on CO2 emissions of a cross-sectionally dependent panel: Evidence from the newly industrialized countries (NICs). Environmental Science and Policy, 121, 24–36.
  • Stern, D. I. (2004). The rise and fall of the Environment Kuznets Curve. Rensselaer Polytechnic Institute, Troy, NY, USA. doi:10.1016/j.worlddev.2004.03.004
  • Yao, Y., Ivanovski, K., Inekwe, J. and Smyth, R. (2020). Human capital and CO2 emissions in the long run. Energy Economics, 91, 104907.

EFFECTS OF ECONOMIC GROWTH AND HUMAN CAPITAL ON CO2 EMISSIONS IN SELECTED HIGH-INCOME COUNTRIES: PANEL ECONOMETRIC ANALYSIS

Year 2022, Volume: 9 Issue: 4, 417 - 431, 30.10.2022

Abstract

This study attempts to investigate the effects of economic growth (GDP) and Human capital (HDI) on CO2 emissions (CO2) in selected eight high income countries. These countries are Australia, Japan, Republic of Korea, Luxembourg, New Zealand, Singapore, the United Kingdom and the United States. To do the study, an annual panel economic model was used for the period 1990-2020. The cross-sectional dependence (CD) tests and CADF and CIPS unit root tests revealed that the variables are cross-sectionally dependent and also stationary at the first differences. The Kao and Johansen Fisher Panel Cointegration Tests confirmed the cointegration among the variables. The Pooled Fully Modified OLS (FMOLS) results showed an inverted U-shaped relationship between CO2 emissions and economic growth which implies that there exists the Environmental Kuznets Curve (EKC) hypothesis in the model. Furthermore, this Pooled FMOLS test results also showed that human capital improves environmental quality by reducing CO2 emissions in the long-run. The VECM Granger causality results revealed the short-run unidirectional causality from CO2 emissions to economic growth and from economic growth to human capital, and the long-run bidirectional causality between CO2 emissions and economic growth. The study finished by providing recommendations for future studies based on the findings obtained from this study.

References

  • Ahmed, Z., Nathaniel, S. P. and Shahbaz, M. (2021). The criticality of information and communication technology and human capital in environmental sustainability: Evidence from Latin American and Caribbean countries. Journal of Cleaner Production, 286, 125529.
  • Baltagi, B.H. (2005). Econometric Analysis of Panel Data. 3rd Edition, John Wiley & Sons Inc., New York.
  • Çakar, N. D., Gedikli, A., Erdoğan, S. and Yıldırım, D. Ç. (2021). Exploring the nexus between human capital and environmental degradation: The case of EU countries. Journal of Environmental Management, 295, 113057.
  • Haini, H. (2021). Examining the impact of ICT, human capital and carbon emissions: Evidence from the ASEAN economies. International Economics, 166, 116–125.
  • Hao, L., Umar, M., Khan, Z. and Ali, W. (2021). Green growth and low carbon emission in G7 countries: How critical the network of environmental taxes, renewable energy and human capital is? Science of the Total Environment, 752, 141853.
  • Kao, C. (1999). Spurious regression and residual-based tests for cointegration in panel data. Journal of Econometrics, 90 (1), 1-44.
  • Khan, Z, Ali, S., Dong, K. and Man Li, R. (2021). How does fiscal decentralization affect CO2 emissions? The roles of institutions and human capital. Energy Economics, 94, 105060.
  • Maddala, G. S. and Wu, S. (1999). A Comparative Study of Unit Root Tests with Panel Data and a New Simple Test. Oxford Bulletin of Economics and Statistics, 61 (S1), 631-652.
  • Opoku, E. E. O., Dogah, K. E., Aluko, O. A. (2022). The contribution of human development towards environmental sustainability. Energy Economics, 106, 105782.
  • Pesaran, M. H. (2007). A simple panel unit root test in the presence of cross-section dependence. Journal of Applied Econometrics, 22, 265–312.
  • Rahman, M. M., Nepal, R. and Alam, K. (2021). Impacts of human capital, exports, economic growth and energy consumption on CO2 emissions of a cross-sectionally dependent panel: Evidence from the newly industrialized countries (NICs). Environmental Science and Policy, 121, 24–36.
  • Stern, D. I. (2004). The rise and fall of the Environment Kuznets Curve. Rensselaer Polytechnic Institute, Troy, NY, USA. doi:10.1016/j.worlddev.2004.03.004
  • Yao, Y., Ivanovski, K., Inekwe, J. and Smyth, R. (2020). Human capital and CO2 emissions in the long run. Energy Economics, 91, 104907.
There are 13 citations in total.

Details

Primary Language English
Journal Section Research Article
Authors

Mohammad Nadimur Rahman 0000-0001-5301-1107

Mustafa Şeker

Publication Date October 30, 2022
Published in Issue Year 2022 Volume: 9 Issue: 4

Cite

APA Rahman, M. N., & Şeker, M. (2022). EFFECTS OF ECONOMIC GROWTH AND HUMAN CAPITAL ON CO2 EMISSIONS IN SELECTED HIGH-INCOME COUNTRIES: PANEL ECONOMETRIC ANALYSIS. Avrasya Sosyal Ve Ekonomi Araştırmaları Dergisi, 9(4), 417-431.