Natural resources-environmental sustainability-socio-economic drivers nexus: Insights from panel quantile regression analysis

Zhiyuan Li, Nikunj Patel, Jiayang Liu and Pradeep Kautish

Resources Policy, 2023, vol. 86, issue PB

Abstract: In order to achieve the Sustainable Development Goals (SDGs), it will be difficult for many countries especially developing countries, to increase economic growth while promoting environmental sustainability. The main purpose of the study is to investigate the relationship of KOF, GDP, GDP2, HDI, MFG, NRE and PD on CO2 emissions in 64 countries during 2000–2020. The findings showed that the EKC hypothesis was valid up to the 70th quantile in full sample. However, in the higher quantiles, a turning point was observed. High-income countries exhibited an N-shaped relationship, while upper-middle-income countries showed an inverted U-shaped relationship. Lower-middle-income countries displayed a U-shaped relationship until the 30th quantile, followed by an inverted U-shaped relationship from the 40th to 80th quantile, and an insignificant relationship after the 80th quantile. Low-income countries exhibited a U-shaped relationship. The study found that globalization mitigated CO2 emissions in high-income countries. However, in lower-middle- and low-income countries, it shows the pollution heaven hypothesis. The industrialization and non-renewable energy significantly degrade the environment. The HDI mitigated CO2 emissions in the progressive quantiles of high- and upper-middle-income countries, but in another sub-samples.

Keywords: Globalization; GDP; Non-renewable energy; CO2 emissions; Panel quantile regression; EKC hypothesis (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301420723008875
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:86:y:2023:i:pb:s0301420723008875

DOI: 10.1016/j.resourpol.2023.104176

Access Statistics for this article

Resources Policy is currently edited by R. G. Eggert

More articles in Resources Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().