Renewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL

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dc.authoridBekun, festus victor/0000-0003-4948-6905
dc.contributor.authorAdedoyin, Festus Fatai
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorAgboola, Phillips O.
dc.contributor.authorAgboola, Mary Oluwatoyin
dc.date.accessioned2025-03-07T20:12:55Z
dc.date.available2025-03-07T20:12:55Z
dc.date.issued2021
dc.departmentÇağ Üniversitesi
dc.description.abstractAccording 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.
dc.identifier.doi10.1016/j.renene.2021.06.018
dc.identifier.endpage1420
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85108274318
dc.identifier.scopusqualityQ1
dc.identifier.startpage1408
dc.identifier.urihttps://doi.org/10.1016/j.renene.2021.06.018
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2811
dc.identifier.volume177
dc.identifier.wosWOS:000683552300006
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofRenewable Energy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/openAccess
dc.snmzKA_WoS_20241226
dc.subjectEconomic complexities
dc.subjectCO2 emissions
dc.subjectNovel dynamic ARDL
dc.subjectRenewable energy
dc.subjectCoal energy
dc.subjectJapan
dc.titleRenewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL
dc.typeArticle

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