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Testing the EKC Hypothesis in terms of Trade Openness, Industrial and Construction Development: Evidences from Northern European and Latin American Countries
2022
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International Journal of Energy Economics and Policy
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Abstract The main research objective is to examine the long-run relationship between trade openness, industrial & construction development, economic growth, energy consumption, and ecological footprint by performing the Westerlund co-integration, FMOLS, DOLS, and CCR tests for Northern European (Denmark, Finland, Netherlands, Norway, and Sweden) and Latin American Countries (Argentina, Brazil, Chile, Colombia, and Uruguay) from 1980 to 2018. Considering the FMOLS, DOLS, and CCR test results of Northern European countries the EKC hypothesis is not confirmed for Finland, Norway and Sweden except Denmark and Netherlands. There is a long-run relationship among industrial & construction development, economic growth, and ecological footprint for both Denmark and Netherlands which verifies the EKC hypothesis from 1980 to 2018. When the remaining countries are examined, the results are opposite. There is no long-run relationship among relevant variables for Finland, Denmark, and Sweden from 1980 to 2018. Besides, there is no effect of industrial & construction development, economic growth, energy consumption, and trade openness on ecological footprint for Finland, Denmark, and Sweden from 1980 to 2018. The EKC hypothesis is not confirmed for Latin American countries as well. Similar results are obtained by using the same variables and other models including FMOLS, DOLS, and CCR for all Latin American countries. The pollution problem in question is of particular concern to developed countries. Because, these countries are forced to use heavy industry, which is far from the nano-technological industry structure and has high environmental degradation. In this context, Denmark should build an artificial island as a precaution against the climate crisis. Another main recommendation is Dutch government should build hydrogen heated homes in order to wage a fight against air pollution. Downloads Download data is not yet available. Downloads FULL TEXT Published 2022-09-27 How to Cite Kayabas, Y. E. (2022). Testing the EKC Hypothesis in terms of Trade Openness, Industrial and Construction Development: Evidences from Northern European and Latin American Countries. International Journal of Energy Economics and Policy, 12(5), 319–331. https://doi.org/10.32479/ijeep.13442 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 12 No. 5 (2022) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Yunus Emre Kayabas, The Relationship between Trade Liberalization, Sea Freight, and Carbon-Dioxide Emissions within the Perspective of EKC: The Case of Mexico , International Journal of Energy Economics and Policy: Vol. 13 No. 2 (2023) Make a Submission Make a Submission Dergi Kapağı

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International Journal of Energy Economics and Policy

Field :   Sosyal, Beşeri ve İdari Bilimler

Journal Type :   Uluslararası

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International Journal of Energy Economics and Policy