Maqola

Exploring the Nexus of Renewable Energy, Ecological Footprint, and Economic Growth through Globalization and Human Capital in G7 Economics

Riza RadmehrDepartment of Agricultural Economics, Ferdowsi University of Mashhad, Mashhad 9177948974, IranSamira ShayanmehrDepartment of Agricultural Economics, Ferdowsi University of Mashhad, Mashhad 9177948974, IranErnest Baba AliDepartment of Agricultural Economics, University for Development Studies, Tamale P.O. Box TL1350, GhanaElvis Kwame OforiDepartment of Management Science and Engineering, School of Management Engineering, Zhengzhou University, 100 Kexkue Blvd, Zhongyuan District, Zhengzhou 450001, ChinaElżbieta JasińskaDepartment of Operations Research and Business Intelligence, Wroclaw University of Science and Technology, 50-370 Wroclaw, PolandMichał JasińskiFaculty of Electrical Engineering, Wroclaw University of Science and Technology, 50-370 Wroclaw, Poland

2022en

ABI

Annotatsiya

This study used panel simultaneous equations models with a generalized method of moments (GMM) estimator to examine the three-way linkages between ecological footprint (EFP), renewable energy consumption (REC), and income in the Group of Seven (G7) countries over the period 1990–2018. The outcomes of this study demonstrate a two-way association between gross domestic product (GDP) and renewable energy. The findings confirm the presence of a bidirectional link between outcome and ecological footprint, as well as between EFP and renewable energy. The results of this study demonstrate that improving human capital positively and significantly effects income, environmental quality, and REC. Ecological footprint is not significantly impacted by economic and social globalization, whereas the impact of financial globalization is negative and significant. Trade openness is positively and significantly connected with REC and income, which could contribute to reducing environmental deterioration. In conclusion, we make policy recommendations that are based on the findings of the study.

Hali tarjima qilinmagan

Identifikatorlar

DOI: 10.3390/su141912227

Iqtiboslar va manbalar

2 ta iqtibos0 ta foydalanilgan manba

Koʻrsatkichlar — AkademScholar