Abstract:

In today's world, where environmental problems are increasing day by day, the search for solutions continues in every field. The relationship between economic growth and environmental pollution is frequently discussed in the economics literature. In this study, the effect of innovation, economic growth, trade openness and renewable energy consumption on CO2 emissions in the period between 2000 and 2019 in 13 developing countries was analyzed. The second generation Hadri – Kurozumi (2012) Panel Unit Root Test, Westerlund & Edgerton (2007) Panel LM Bootstrap Cointegration Test and AMG Coefficient Estimator were applied, which took into account the cross-section dependency in the analyses. The country results obtained as a result of the analyzes differ according to the countries. According to these results, while innovation reduces CO2 emissions in Armenia and North Macedonia, it increases it in Brazil, Bulgaria, China, Colombia and Turkey. In other results, it has been determined that economic growth and renewable energy consumption are important factors in reducing CO2 emissions in these countries. Within the scope of the results obtained, it is considered important to spread renewable energy consumption in developing countries and to encourage environmental pollution-oriented innovation activities. In addition, innovation studies should be reconstructed in order to reduce the fossil fuel dependence of countries.

Keywords: