Assessing long run asymmetric effect of urbanization, fossil energy consumption and regulatory quality on environmental degradation in the Black Sea Region: A dynamic analysis

Assessing long run asymmetric effect of urbanization, fossil energy consumption and regulatory quality on environmental degradation in the Black Sea Region: A dynamic analysis

Kwaku Addai, Dervis Kirikkaleli, George Oppong Appiagyei Ampong, Mohamed Yufenyuy

Sustainable development policies of the Black Sea Region is vital to European Union given increasing environmental disturbances by dynamic and heterogenous factors across the enclave beginning from 1990s. This study assesses long run asymmetric effect of urbanization, energy consumption and regulatory quality on environmental degradation, with data from 1998Q1 to 2017Q4. First pooled mean group (PMG) estimates suggest short-run nonlinear and asymmetric effects of the independent variables on carbons emissions. Second, (i) long-run PMG estimates indicate improvements in regulatory quality reduces carbon dioxide emissions; (ii) increases in both urbanization and fossil energy consumption lead to corresponding rise in carbon dioxide emissions. Third, outcomes of Dumitrescu Hurlin causality estimates indicate (i) both fossil energy consumption and urbanization have unidirectional causal effects …

Elsevier

2024

https://scholar.google.com/citations?view_op=view_citation&hl=en&user=NogL9W0AAAAJ&cstart=20&pagesize=80&citation_for_view=NogL9W0AAAAJ:4JMBOYKVnBMC

English