A different look at the environmental Kuznets curve from the perspective of environmental deterioration and economic policy uncertainty: evidence from fragile countries.

Autor: Anwar A; Business Administration Department, Faculty of Management Sciences, ILMA University, Karachi, Pakistan., Barut A; Siverek Vocational School, Department of Accounting and Taxation, Harran University, Sanliurfa, Turkey., Pala F; Kelkit Vocational School, Department of Accounting and Taxation, Gümüşhane University, Gümüşhane, Turkey., Kilinc-Ata N; College of Economics and Management, Al-Qasimia University, Sharjah, United Arab Emirates.; Research Laboratory for Science and Technology Studies and Economics of Knowledge, National Research University 'Higher School of Economics', Moscow, Russia., Kaya E; Faculty of Social Sciences and Humanities, Department of Accounting and Finance, Malatya Turgut Özal University, Malatya, Turkey., Lien DTQ; College of Economics, Vinh University, Vinh, Vietnam. liendtq@vinhuni.edu.vn.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2024 Jul; Vol. 31 (34), pp. 46235-46254. Date of Electronic Publication: 2023 Aug 02.
DOI: 10.1007/s11356-023-28761-w
Abstrakt: Environmental degradation is one of the most significant issues that developing nations confront and needs to be resolved right away in order for them to achieve sustainable development. Government policies are crucial in this situation since emerging nations frequently struggle with the issue of policy ambiguity, which can result in environmental deterioration. In this context, this study investigates how policy uncertainty affects environmental degradation in the five fragile emerging economies known as the Fragile Five-Brazil, India, Indonesia, South Africa, and Turkey. Using data from 1996 to 2019, we estimate a Panel Quantile Regression analysis. The empirical findings indicate that economic policy uncertainty and technology innovation increases the environmental degradation whereas environmental degradation is slowed down by financial development and renewable energy consumption. Empirical evidence also confirms the presence of EKC hypothesis in fragile economies. Based on the findings, we suggest both a policy and an environmental framework for achieving sustainable development in fragile economies.
(© 2023. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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