Can top-pollutant economies shift some burden through insurance sector development for sustainable development?

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dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.contributor.authorLi, Xiaolong
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorUllah, Sana
dc.contributor.authorAndlib, Zubaria
dc.contributor.authorHafeez, Muhammad
dc.date.accessioned2025-03-07T20:19:26Z
dc.date.available2025-03-07T20:19:26Z
dc.date.issued2022
dc.departmentÇağ Üniversitesi
dc.description.abstractEconomists have long documented the significance of insurance markets in the development process. This study considers the nonlinear impact of insurance sector development on CO2 emissions for five high-polluting economies over data ranging from 1990 to 2019. The present study employs a panel and time series NARDL framework. We find that insurance sector development has asymmetric effects on CO2 emissions. It is inferred from the findings that a positive shock in insurance sector development increases CO2 and a negative shock in insurance sector development decreases CO2 in the long run in high-polluting economies. Regarding country-wise analysis, we also observe that a positive shock in insurance sector development increases CO2 in the USA, Russia and Japan, but a negative insurance sector development shock decreases CO2 in the USA and India in the long run The results recommend some important policy implications. (C) 2022 Economic Society of Australia, Queensland. Published by Elsevier B.V. All rights reserved.
dc.identifier.doi10.1016/j.eap.2022.02.006
dc.identifier.endpage336
dc.identifier.issn0313-5926
dc.identifier.scopus2-s2.0-85126131081
dc.identifier.scopusqualityQ1
dc.identifier.startpage326
dc.identifier.urihttps://doi.org/10.1016/j.eap.2022.02.006
dc.identifier.urihttps://hdl.handle.net/20.500.12507/3182
dc.identifier.volume74
dc.identifier.wosWOS:000820484700021
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherElsevier
dc.relation.ispartofEconomic Analysis and Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectInsurance development
dc.subjectCO2 emissions
dc.subjectNARDL
dc.subjectHigh-polluting economies
dc.titleCan top-pollutant economies shift some burden through insurance sector development for sustainable development?
dc.typeArticle

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