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The asymmetric nexus of entrepreneurship and environmental quality in a developing economy

handle: 11363/5242
AbstractIn spite of the vital role entrepreneurship plays in an economy, recent observations especially from the perspective of climate-related economic activities are indications for the inclusive probe of other salient elements responsible for environmental challenges. Considering the aforementioned framework, therefore, this study explores the asymmetric impact of entrepreneurship on the environmental quality for a developing economy such as Turkey. In a unique dimension, this study utilizes the nonlinear autoregressive distributed lag model with the aid of yearly data from 1985–2016 while incorporating other related determinants of environmental sustainability. The estimation results depict the presence of asymmetric short-run and long-run impact of the explanatory variables on environmental quality. Interestingly, the results confirm a negative impact of entrepreneurial activities, energy utilization, financial development, and economic growth on the environmental quality irrespective of the nature (either positive or negative) of the shock in the short and long run. However, a positive (negative) shock in trade openness worsens (improve) environmental quality in the short and long run. Furthermore, the investigation affirms the existence of the environmental Kuznets curve (EKC) for Turkey. The main outcome from this paper shows that entrepreneurship has a crucial effect on the environment of Turkey. Generally, this study suggests the introduction of incentives to motivate the creation of sustainable businesses, technological innovation, and smart cities to mitigate its negative impact on the environment is far begging for critical attention in the country.
- Istanbul Gelisim University Press Turkey
- Eastern Mediterranean University Cyprus
- Istanbul Gelisim University Press Turkey
- Gelişim Üniversitesi Turkey
- University of Vassa Finland
Turkey, Economics, Social Sciences, Economic Impact of Environmental Policies and Resources, Social psychology, Market economy, Psychology, Environmental sustainability, Kuznets curve, Rebound Effect on Energy Efficiency and Consumption, Internal medicine, Environmental governance, Marketing, Energy, Corporate governance, Ecology, fi=Taloustiede|en=Economics|, FOS: Philosophy, ethics and religion, FOS: Psychology, Economics, Econometrics and Finance, Nonlinear autoregressive distributed lag, Sustainability, Physical Sciences, Quality (philosophy), Medicine, Incentive, Economics and Econometrics, Economic system, Business, Management and Accounting, Drivers and Impacts of Green Consumer Behavior, Epistemology, FOS: Economics and business, 339, Shock (circulatory), Embedded system, Biology, Economic growth, Environmental quality, Renewable Energy, Sustainability and the Environment, Openness to experience, Entrepreneurship, Developing economy, Computer science, Environmental degradation, Philosophy, FOS: Biological sciences, Nexus (standard), Environmental Innovation, Finance
Turkey, Economics, Social Sciences, Economic Impact of Environmental Policies and Resources, Social psychology, Market economy, Psychology, Environmental sustainability, Kuznets curve, Rebound Effect on Energy Efficiency and Consumption, Internal medicine, Environmental governance, Marketing, Energy, Corporate governance, Ecology, fi=Taloustiede|en=Economics|, FOS: Philosophy, ethics and religion, FOS: Psychology, Economics, Econometrics and Finance, Nonlinear autoregressive distributed lag, Sustainability, Physical Sciences, Quality (philosophy), Medicine, Incentive, Economics and Econometrics, Economic system, Business, Management and Accounting, Drivers and Impacts of Green Consumer Behavior, Epistemology, FOS: Economics and business, 339, Shock (circulatory), Embedded system, Biology, Economic growth, Environmental quality, Renewable Energy, Sustainability and the Environment, Openness to experience, Entrepreneurship, Developing economy, Computer science, Environmental degradation, Philosophy, FOS: Biological sciences, Nexus (standard), Environmental Innovation, Finance
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).18 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 10% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Average impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 10%
