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Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies

Authors: Tomiwa Sunday Adebayo; Mehmet Altuntaş; Sanjar Goyibnazarov; Ephraim Bonah Agyekum; Hossam M. Zawbaa; Salah Kamel;

Dynamic effect of disintegrated energy consumption and economic complexity on environmental degradation in top economic complexity economies

Abstract

The current paper explores the influence of disintegrated energy and economic complexity on CO2 emissions (CO2) in the top economic complexity economies. The model also incorporates other drivers of CO2, such as technological innovation and economic growth. The current research utilizes data stretching from 1993 to 2018. The research employed Westerlund cointegration, fully modified OLS (FMOLS), dynamic OLS (DOLS), and method of moments quantile regression (MMQR) to evaluate these interconnections. The outcomes of the slope heterogeneity and cross-sectional dependence affirmed the use of second-generation techniques. The study confirmed the long-run association between CO2 and the regressors. The results of the MMQR disclosed that in each quantile (0.1–0.90), renewable energy enhances the quality of the environment, while economic complexity and nonrenewable energy intensify CO2. In addition, technological innovation enhances the quality of the environment from 0.1–0.70 quantiles, while from 0.80–90 quantiles, technological innovation intensifies CO2. The EKC is also validated in each quantile (0.1–0.90). The DOLS, FE-OLS, and FMOLS outcomes also affirm the MMQR outcomes. These outcomes encourage policymakers to implement holistic economic and environmental policies that prioritize greener production processes for environmental reasons and meet the United Nations SDGs 7, 8, 13, and 17.

Countries
Russian Federation, Ireland
Keywords

CO2emissions, 330, CO<SUB>2</SUB>EMISSIONS, ENERGY-CONSUMPTION, DISINTEGRATED ENERGY CONSUMPTION, ENERGY, QUANTILE REGRESSION, CO 2 EMISSION, 339, ENERGY ECONOMICS, CARBON DIOXIDE, DYNAMIC EFFECTS, METHOD OF MOMENTS, ECONOMICS, Economic complexity, Electrical and Computer Engineering, Technological innovation, 'CURRENT, Disintegrated energy consumption, TK1-9971, ENERGY UTILIZATION, ENVIRONMENTAL PROTECTION, Electrical engineering. Electronics. Nuclear engineering, TECHNOLOGICAL INNOVATION, ECONOMIC COMPLEXITY, ECONOMIC AND SOCIAL EFFECTS

  • BIP!
    Impact byBIP!
    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).
    28
    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%
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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).
BIP!Citations provided by BIP!
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.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
28
Top 10%
Average
Top 10%
Green
gold