The impact of output volatility on CO 2 emissions in Turkey: testing EKC hypothesis with Fourier stationarity test

This study uses the output volatility-augmented environmental Kuznets curve (EKC) model to determine the dynamic short- and long-term impacts of the volatility of economic growth (VOL) on carbon dioxide (CO ) emissions in Turkey from 1980 to 2015. The results of the autoregressive distributed lag (A...

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Bibliographic Details
Published inEnvironmental science and pollution research international Vol. 29; no. 2; p. 3008
Main Authors Genç, Murat Can, Ekinci, Aykut, Sakarya, Burçhan
Format Journal Article
LanguageEnglish
Published Germany 01.01.2022
Subjects
Carbon Dioxide - analysis
Economic Development
Gross Domestic Product
Models, Theoretical
Turkey
Turkey
CO2 emissions
Output volatility
Environmental Kuznets curve
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Summary:This study uses the output volatility-augmented environmental Kuznets curve (EKC) model to determine the dynamic short- and long-term impacts of the volatility of economic growth (VOL) on carbon dioxide (CO ) emissions in Turkey from 1980 to 2015. The results of the autoregressive distributed lag (ARDL) approach indicate that there is a long-run relationship between CO , per capita real GDP, per capita energy use, and VOL. The coefficients obtained from the ARDL estimation indicate that economic growth and energy use increase CO emissions, while VOL decreases CO emissions in the long run. Moreover, the coefficients obtained from the ARDL error correction model show that VOL decreases CO emissions in the short run, as well. We also find that the EKC is valid in Turkey. This implies for the Turkish case that achieving macro-stability under a "just transition" is key for achieving both economic and environmental benefits from ratifying international agreements such as Paris Agreement and EU Green Deal.
ISSN:1614-7499