Financial globalization and environmental degradation nexus: Evidence from emerging economies

Ulucak Z. S., İLKAY S. Ç., Ozcan B., GEDİKLİ A.

RESOURCES POLICY, cilt.67, 2020 (SSCI) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 67
  • Basım Tarihi: 2020
  • Doi Numarası: 10.1016/j.resourpol.2020.101698
  • Dergi Adı: RESOURCES POLICY
  • Derginin Tarandığı İndeksler: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), Business Source Elite, Business Source Premier, Communication Abstracts, Compendex, EconLit, Geobase, Index Islamicus, INSPEC, Metadex, PAIS International, Pollution Abstracts, Public Affairs Index, Civil Engineering Abstracts
  • Anahtar Kelimeler: Financial globalization, Ecological footprint, Environmental Kuznets curve, PMG, DOLS, ENERGY-CONSUMPTION EVIDENCE, POLLUTION HAVEN HYPOTHESIS, ECOLOGICAL FOOTPRINT, KUZNETS CURVE, CO2 EMISSIONS, TIME-SERIES, PANEL-DATA, CARBON EMISSIONS, TRADE OPENNESS, UNIT-ROOT
  • Erciyes Üniversitesi Adresli: Evet

Özet

This study explores how financial globalization affects environmental degradation in the emerging economies by using ecological footprint as a proxy for environmental degradation. With this aim, panel data models are conducted for the annual data covering the period 1974-2016. Results indicated that there is not an inverted U-shaped relationship between economic growth and environmental degradation. It was also found that financial globalization contributes to the improvement of the environmental quality level of emerging economies.