International Congress on Eurasian Economies
26-28 June 2024 – Bishkek, KYRGYZSTAN
Paper properties
Paper ID : 2519
Status : Paper published
Language : Turkish
Topic : Natural Resources and Environment
Presenter: Dr. Özge Yüksel
Session : 1C Çevre Ekonomisi
Interrelationships Among Carbon Emission, Economic Growth, Energy Consumption and Foreign Direct Investment in Eurasian Countries
Avrasya Ülkelerinde Karbon Emisyonu, Ekonomik Büyüme, Enerji Tüketimi ve Doğrudan Yabancı Yatırım İlişkisi
- Dr. Özge Yüksel (Istanbul Beykent University, Türkiye)
Abstract
The main aim of this study is to empirically investigate the impact of energy consumption and foreign direct investments on carbon emissions and the validity of the Environmental Kuznets Curve hypothesis in Eurasian countries over the period of 1993-2013. In this context, firstly cross-section dependency and homogeneity tests were applied for the the panel. The existence of unit root was investigated by one of the second-generation unit root test CIPS. The cointegration relationship between the variables was investigated with the Gengenbach, Urbain ve Westerlund panel cointegration test and finally, the causality relationship was examined using the Dumitrescu and Hurlin causality test. Empirical results indicate that there is no cointegraion between carbon dioxide emission representing environmental pollution and other variables. Also, it was concluded that the inverted U-shaped Environmental Kuznets curve hypothesis is not valid. There is a bidirectional causality between carbon emission and GDP, the square of GDP, energy consumption and foreign direct investment.
JEL codes: Q50
Yüksel, Özge (2021). "Interrelationships Among Carbon Emission, Economic Growth, Energy Consumption and Foreign Direct Investment in Eurasian Countries" in Proceedings of International Conference of Eurasian Economies 2021, pp.324-328, Istanbul, TURKEY and ONLINE.
DOI: https://doi.org/10.36880/C13.02519
