Özet:

The aim of this study is to determine whether higher growth will be achieved in 7 developed countries (Group of Seven-G7) and 9 developing countries (Developing Countries-D9) with higher institutional quality and lower carbon emissions, with annual time series data for the 1996-2018 period. For this purpose, Westerlund (2007) cointegration test method was used to determine the long-term cointegration relationship between growth, institutional quality indicators and CO2 emission variables. According to the findings, it has been determined that there is a long-term cointegration relationship between growth, CO2 and institutional quality variables in all alternative models established for both G7 and D9 countries. DOLSMG long-term panel cointegration coefficient estimation method was used to determine the direction and degree of the long-term cointegration relationship. According to the results obtained from the DOLSMG estimation, the segregation for G7 and D9 countries reveals a negative relationship between per capita economic growth and CO2 emissions for the entire panel. This shows that reducing carbon emissions supports economic growth in G7 countries. Similarly, there is evidence to suggest that per capita economic growth is significantly and positively affected by institutional quality. This proves that improving institutional quality can support the economic growth of G7 and D9 countries.

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