Mirroring risk to investment within the EKC hypothesis in the United States

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dc.authoridalola, andrew/0000-0001-5355-3707
dc.contributor.authorAlola, Andrew Adewale
dc.contributor.authorOzturk, Ilhan
dc.date.accessioned2025-03-07T20:12:55Z
dc.date.available2025-03-07T20:12:55Z
dc.date.issued2021
dc.departmentÇağ Üniversitesi
dc.description.abstractIn reality, economic expansion cannot be paced-up enough. This account for a potential trade-off between income and environmental degradation that is expectedly feasible at a maximum level of income. On this note, the current study looked at the validity of income-environmental degradation (Environmental Kuznets Curve, EKC) hypothesis especially amidst risk to investment in the United States over the period 1984-2017. Considering that the burning of fossil fuels constitutes the largest source of Greenhouse gas (GHG) in the United States, this study employed energy carbon emissions as a proxy for environmental quality and as a dependent variable. While the study employed renewable energy production as additional explanatory variable, it implemented the Autoregressive Distributed Lag (ARDL) technique in addition to a set of cointegration techniques. Importantly, the study found that the EKC hypothesis is valid for the case of the United States but not without a non-significant trade-off of risk to investment. Additionally, renewable energy production exhibits a statistically significant and desirable impact on environmental quality in both the short and long-run. In general, the study posited that while environmental sustainability is achievable at maximum level of income, it is likely attainable at the detriment of risk to investment. Hence, this observation should trigger a potential policy mechanism that minimizes risk to investment in light of the attainment of the country's sustainable development goals (SDGs).
dc.identifier.doi10.1016/j.jenvman.2021.112890
dc.identifier.issn0301-4797
dc.identifier.issn1095-8630
dc.identifier.pmid34082348
dc.identifier.scopus2-s2.0-85107079864
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.jenvman.2021.112890
dc.identifier.urihttps://hdl.handle.net/20.500.12507/2817
dc.identifier.volume293
dc.identifier.wosWOS:000677850200003
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.language.isoen
dc.publisherAcademic Press Ltd- Elsevier Science Ltd
dc.relation.ispartofJournal of Environmental Management
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WoS_20241226
dc.subjectInvestment risk
dc.subjectRisk to investment led-EKC
dc.subjectEnvironmental sustainability
dc.subjectUnited States
dc.titleMirroring risk to investment within the EKC hypothesis in the United States
dc.typeArticle

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