International Conference on Eurasian Economies
24-25 August 2021 – Istanbul, TURKEY and ONLINE
Paper properties
Paper ID : 2480
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Asst. Prof. Dr. Müge Manga
Session : 1C Çevre Ekonomisi
An Empirical Analysis of the Relationship between Economic Complexity and Environmental Deterioration in N-11 Countries
N-11 Ülkelerinde Ekonomik Karmaşıklık ve Çevresel Bozulma İlişkisine Yönelik Ampirik Analiz
- Prof. Dr. Neşe Algan (Çukurova University, Türkiye)
- Prof. Dr. Harun Bal (Çukurova University, Türkiye)
- Asst. Prof. Dr. Müge Manga (Erzincan Binali Yıldırım University, Türkiye)
Abstract
The economic complexity index, which is one of the essential elements of economic development, is a concept that means the competitiveness, development, knowledge, and competence structure of the exported products. The current literature generally stated that the increase in the economic complexity index supports sustainable growth. However, the impact of changes in the economic complexity index on environmental damage is neglected in many studies. Accordingly, in the present study, it is analyzed the impact of the economic complexity index on the environmental degradation for the N-11 countries (Bangladesh, Indonesia, Philippines, South Korea, Iran, Mexico, Egypt, Nigeria, Pakistan, Turkey, and Vietnam) between 1990 and 2014. Carbon emission is used as an indicator of environmental degradation. Besides, the renewable and non-renewable (fossil) energy use and the total population are included to the established model as control variables. According to the panel ARDL/PMG findings, the economic complexity index, non-renewable energy use, and total population increase carbon emissions, whereas the renewable energy use decreases. This situation shows that the economic complexity level in N-11 countries has insufficient level to reduce environmental degradation in given years.
JEL codes: O13, O11
Algan, Neşe, Bal, Harun, Manga, Müge (2021). "An Empirical Analysis of the Relationship between Economic Complexity and Environmental Deterioration in N-11 Countries" in Proceedings of International Conference of Eurasian Economies 2021, pp.334-339, Istanbul, TURKEY and ONLINE.
DOI: https://doi.org/10.36880/C13.02480
