Yazar "Bekun, Festus Victor" seçeneğine göre listele
Listeleniyor 1 - 9 / 9
Sayfa Başına Sonuç
Sıralama seçenekleri
Öğe An investigation into the anthropogenic effect of biomass energy utilization and economic sustainability on environmental degradation in E7 economies(Wiley, 2021) Gyamfi, Bright Akwasi; Ozturk, Ilhan; Bein, Murad A.; Bekun, Festus VictorInspired by the Sustainable Development Goals (SDGs), this study focuses on the need for responsible and clean energy consumption, climate change mitigation, and sustainable economic growth. To this end, the study investigates the connection between biomass energy consumption, real GDP, investment in the energy sector, and CO2 emissions in the emerging (E7) countries - China, India, Brazil, Mexico, the Russian Federation, Indonesia and Turkey - for the period 2000-2018. The study uses a battery of techniques, namely Pooled Mean Group-autoregressive distributed lag, ordinary least square, dynamic ordinary least square, Fully Modified Ordinary Least Squares (PMG-ARDL, OLS, DOLS FMOLS) and causality estimators, to measure the robustness of the conceptualized relationship among the variables of interest. Empirical results show that conventional energy from fossil fuel sources is a driver of CO2 emissions within the E7 economies. On the other hand, biomass energy consumption and investments in the energy sector decrease CO2 emissions. Furthermore, a feedback causality relationship between biomass energy consumption and CO2 emissions is observed. Similarly, a feedback causality relationship is seen between economic growth and biomass energy consumption. Our study's empirical findings reveal that biomass energy consumption mitigated CO2 emissions in the E7 economies that were examined, suggesting the pivotal role for biomass energy consumption in creating an eco-friendly environment and environmental sustainability. This requires investment from the private sector, stakeholders, and government administrators in cleaner energy technologies initiatives like biomass. (c) 2021 Society of Chemical Industry and John Wiley & Sons, LtdÖğe Environmental consequences of economic complexities in the EU amidst a booming tourism industry: Accounting for the role of brexit and other crisis events(Elsevier Sci Ltd, 2021) Adedoyin, Festus Fatai; Agboola, Phillips O.; Ozturk, Ilhan; Bekun, Festus Victor; Agboola, Mary OluwatoyinThe European Union (EU) is one of the strongest, but most complex unions in the world with a competitive tourism industry. The aim of this study, therefore, is to account for economic complexity index (ECI), Brexit and other crisis episodes in the growth-energy-emissions nexus. Theoretically, the traditional Environmental Kuznets Curve (EKC) model is assessed by adopting a One-step System Generalized Method of Moment (Sys GMM) on data for 26 EU member states over the period from 1995 to 2018. For the first time, an EU-macro regional analysis is conducted with and without the UK. Empirical results reveal that an increase in tourism, real GDP per capita, and energy use across the four EU macro regions leads to increase in carbon emission. In some regions, it was observed that tourism, ECI, Brexit, and the Greece bailout have no significant impact on carbon emission. This suggests that the increase in international travel, complexity of the economy, and financial crisis do not accelerate environmental crisis in such regions. However, where such factors are statistically significant, Brexit and the Greece bailout crisis both heighten emissions. Particularly, when the UK is excluded, Brexit and the Greece bailout crisis increase and reduce emissions, respectively. The EKC hypothesis, however, holds in either scenario. Based on these empirical findings, vital policy directions are suggested for a post-Brexit EU-UK energy and environmental relations. (C) 2021 Elsevier Ltd. All rights reserved.Öğe Is clean energy prosperity and technological innovation rapidly mitigating sustainable energy-development deficit in selected sub-Saharan Africa? A myth or reality(Elsevier Sci Ltd, 2021) Alola, Andrew Adewale; Ozturk, Ilhan; Bekun, Festus VictorUnited Nations Sustainable Development Goals (UN-SDGs) such as access to clean energy (SDG-7), responsible energy consumption (SDG-12) and sustainable economic growth revolves around the subject of human development that resonates with (SDG-8), and among others. Based on these highlights, this study examines sustainable development for the panel of selected Sub-Sahara African countries that are largely plagued with huge energy deficit (energy poverty) and setback in technological innovation. This study leverages on panel econometrics strategies to explore the hypothesized relationship between the outlined indicators for the period 2000-2016 in Sub-Saharan African countries. Empirical results show that human development index (HDI), economic expansion, access to clean energy. and technological innovation exhibits long-run equilibrium relationship. Subsequently, the finding revealed that economic expansion, access to energy and technological innovation in the sampled countries spur higher HDI indices. That is, a 1% increase in economic growth increases HDI by 0.040% and 0.017% in the short and long run respectively. Thus, we can infer that enhanced sustainable economic growth leads to higher HDI indices which encompases higher literacy rate, better income level and increase life expectancy in both short and long run. In contrary, access to clean energy in the selected blocs dampens HDI index in the short run but the effect is statistically positive (desirable) in the long run.Öğe Modeling the dynamic linkage between financial development, energy innovation, and environmental quality: Does globalization matter?(2020) Öztürk, İlhan; Bekun, Festus Victor; Baloch, Muhammad Awais; Khan, DanishIn the modern era of the wave of globalization, financial development is leading toward a higher rate of economic expansion and promoting energy innovation around the globe. Nevertheless, environmental impact of financial development has preoccupied government officials to circumvent adverse impact on environmental quality. Thus, this paper examines the nexus between financial development, economic growth, energy innovation, and environmental pollution for the period of 1990–2017 for the panel of Organization for Economic Cooperation and Development (OECD) countries. To obtain robust and unbiased results, this study utilizes Pooled Mean Group Autoregressive Distributed Lag (PMG/ARDL) estimator that counters the issue of heterogeneity and cross-sectional dependence. Empirical evidence suggests that financial development promotes energy innovation and improves environmental quality. Globalization also has a long-term relationship with energy innovation and reduces greenhouse gas (GHG) emissions. Moreover, findings validate the environmental Kuznets curve for OECD countries in the significance of financial development, globalization, and energy innovation.Öğe Renewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL(Pergamon-Elsevier Science Ltd, 2021) Adedoyin, Festus Fatai; Ozturk, Ilhan; Bekun, Festus Victor; Agboola, Phillips O.; Agboola, Mary OluwatoyinAccording to the Economic Complexity Index, Japan was the number 1 most complex economy in the world. In addition to complexity, Japan pledges to reduce emissions by boosting cleaner energy sources. This study simulates two policies to highlight a path for Japan in achieving this ambitious energy and environmental target. The novel dynamic autoregressive distribution lag (ARDL) model and Kernel-based regularized least squares (KRLS) are adopted over panel data from 1970 to 2018. Empirical evidence from the ARDL and dynamic ARDL models shows that CO2 emissions have a significant long-term relationship with GDP per capita, renewable energy, and economic complexity index while air transport is significant in the short run. Putting it more elaborately, a unit increase in GDP per capita increase the emission by 0.84%-0.96% in the long run and 0.46%-0.48% in the short run. As regards renewable energy, a unit increase in it decrease the carbon emission by 0.07% and 0.04% in the long-run and short-run respectively. Also, an increase in the economic index diminished the emission by 0.81% in the long run. Moreover, economic complexity moderates the role of GDP in environmental degradation as it also has a significant impact on carbon emission. (c) 2021 Elsevier Ltd. All rights reserved.Öğe Telehealth as a panacea amidst global pandemic (COVID-19) in Africa(Duzce University Medical School, 2021) Alhassan, Gloria Nnadwa; Öztürk, İlknur; Adedoyin, Festus Fatai; Bekun, Festus VictorTechnology is disrupting bringing up a better innovation and strengthening the healthcare services. Telehealth is one of these services. Telehealth can help in times of emergency situations as well as reducing morbidity caused by other diseases other than coronavirus and also constraining its spread as well as sustaining the country’s economic development. Although, telehealth is a disruptive innovation, this article aimed to point out why Africa and rest of the world need telehealth to structure out the management of the three phases of health crises (pre, during and post-crises) that must be address to help in economic sustainability, increase accessibility to healthcare and increase in quality of life which in turn reduces costs and easy access to healthcare services either incommunicable, non-communicable, or disastrous situations in the African region. In fighting an outbreak such as this, our study finds that the government of African nations should guarantee all health experts get fitting instruction and preparing present telehealth accreditation for wellbeing experts; give subsidizing which satisfactorily takes care of the expense of giving telehealth; overhaul clinical models of care; bolster all partners with a viable correspondence; and finally, change the board technique while setting up frameworks to oversee telehealth benefits on a standard premise. © 2021, Duzce University Medical School. All rights reserved.Öğe The implications of renewable and non-renewable energy generating in Sub-Saharan Africa: The role of economic policy uncertainties(Elsevier Sci Ltd, 2021) Adedoyin, Festus Fatai; Ozturk, Ilhan; Agboola, Mary Oluwatoyin; Agboola, Phillips O.; Bekun, Festus VictorSub-Saharan Africa which is one of the main regions known for various sources of mineral and energy resources in the global market has experienced appreciable rates of economic expansion in the last 10 years. However, apart from the environmental consequences of generating energy, how uncertainties in the economy moderate the impact of energy generation on the environment is yet to be given desired attention. Hence, this study investigates the role of economic policy uncertainty in the energy-growth-emissions nexus for 32 countries in Sub-Saharan Africa over the period from 1996 to 2014. Results from one-step system-GMM show that real GDP and generation of non-renewable energy both increases CO2 emissions. However, while economic policy uncertainty also propels high levels of emissions in the region, its moderation effect on the impact of both renewable and non-renewable energy generation leads to a reduction in emissions level in the region. This suggests an urgent need for the implementation of sound macroeconomic and energy policies in Sub-Saharan Africa to safeguard the energy sector from disruptions and to mitigate the resultant impact on the degradation of the environment in the region.Öğe The Moderating Role of Employment in an Environmental Kuznets Curve Framework Revisited in G7 Countries(Univ Pasundan, 2020) Gyamfi, Bright Akwasi; Bein, Murad A.; Ozturk, Ilhan; Bekun, Festus VictorAnthropogenic activities have resulted in environmental concerns due to the global consciousness for mitigating climate change issues. This awareness is emphasized in the sustainable development goals contained in the seventh and 13th targets. The study investigates the nexus between energy and growth while considering the moderating role of employment and its interaction with energy consumption in G7 countries for the period of 1980-2018. To achieve this objective, a carbon-income function is fitted to ameliorate the problems related to omitted variable bias. Empirical results indicate that all outlined variables are cointegrated over the investigated period, as reported by the Kao cointegration test. The study further validates the environmental Kuznets curve (EKC) hypothesis in the short-run. With emphasis on economic growth relative to environmental quality while in the long run, there is no statistical evidence in support of the EKC phenomenon. Furthermore, a 1% increase in energy consumption increases pollutant emission in the long run by 3.80%. Similarly, a positive elastic relationship is observed between trade and environmental degradation. This outcome is demonstrated in the causality results, which reveal a one-way causality running from trade to pollutant emission. These findings provide insights that can help policy formulations, including decoupling economic growth from pollutant emission and the need to adopt cleaner and eco-friendly technologies.Öğe Tourism-induced pollution emission amidst energy mix: evidence from Nigeria(Springer Heidelberg, 2022) Bamidele, Ruth; Ozturk, Ilhan; Gyamfi, Bright Akwasi; Bekun, Festus VictorIn recent years, there is concerted efforts to boost the tourism industry in Nigeria, and regulatory bodies were created for the tourism industry. This study is contributing to the ongoing debate on the tourism-energy-environment literature. Thus, we explore the linkage between tourism development, energy consumption, carbon dioxide (CO2) emission, and renewable energy consumption in Nigeria for the period of 1995-2016. The present study leverages on Bounds testing to cointegration in a carbon-income function environment while incorporating renewable energy consumption to the econometric framework. Subsequently, autoregressive distributed lag methodology alongside dynamic ordinary least square (DOLS) is utilized for robustness of estimations. Empirical results give credence to the energy-induced emission hypothesis in Nigeria. This outcome is suggestive to policymakers as fossil fuel-based energy consumption deplete the quality of the environment. Similarly, the study also affirms the environmental Kuznets curve (EKC) phenomenon. The emphasis on Nigerian growth trajectory (real income level) relative to her quality of environment via the channel of economic development and energy consumption from fossil-fuel source is indicated. On the other hand, renewable energy consumption in Nigeria shows significant ability to reduce emission level in Nigeria. This result is insightful, which implies that environmental quality is not threatened with an increase in tourist arrivals, hence tourism does not degrade the environment but is sustainable to the environment. Interesting and laudable for stakeholders' international tourism arrival did not deplete the quality of the environment. The plausible explanation is attributed to the scale of tourism in Nigeria which at the moment is still low or much more there is caution/awareness on ecotourism for sustainable environment.
