Özet:

The main objective of this study is to emphasize the role the corporate structure plays in the reduction of environmental pollution. In addition to this study's goal, the pollution refuge hypothesis is also tested. For this purpose, an empirical analysis is carried out for the E7 countries covering the period 2002-2021. In the analysis process of the study, the presence of horizontal cutting dependency and inclination homogenity were tested. The AMG and Dumitrescu-Hurlin panel causality techniques have been used to take into account these conditions in the analysis process. The AMG technique analyzes the panel’s overall and country-based forecast results covering all of the E7 countries. If the results of the study will be summarized: i) the general and legal superiority of the panel for Brazil, China, India, Mexico, Turkey is found to reduce carbon dioxide emissions. (ii) The pollution shelter hypothesis for India, Turkey and the general panel is accepted. (iii) Finally, the carbon dioxide emissions and the corporate structure, economic growth, energy production have been identified as a two-way causal relationship, and if direct foreign investments have been identified as a one-way causal relationship.

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