Does the Real Estate Market and Renewable Energy Induce Carbon Dioxide Emissions? Novel Evidence from Turkey

Yazan Qashou, Ahmed Samour and Mohammed Abumunshar
Additional contact information
Yazan Qashou: Faculty of Economics and Administrative Sciences, Near East University, TRNC, 10 Mersin, Lefkosia 99040, Turkey
Ahmed Samour: Faculty of Economics and Administrative Sciences, Near East University, TRNC, 10 Mersin, Lefkosia 99040, Turkey
Mohammed Abumunshar: Faculty of Economics and Administrative Sciences, Cyprus International University, TRNC, 10 Mersin, Lefkosia 99040, Turkey

Energies, 2022, vol. 15, issue 3, 1-13

Abstract: In the literature, the linkage between income, energy, and carbon emissions has been widely examined and most of the empirical studies have not investigated the impact of the real estate market on their empirical models. Our study endeavors to present a novel topic by investigating the influence of the real estate market on Turkey’s environmental quality, using an advanced method of the Bootstrap Autoregressive Distributed Lag (BARDL). We estimate that consumption of renewable energy contributes significantly to CO 2 emissions, while real income increases the environmental degradation in both the short and long run. Furthermore, our study demonstrates that the real estate market contributes negatively to the deduction of carbon emissions in Turkey. A one percent increase in the real estate market will cause a rise in Turkey’s carbon level by 0.010% and 0.009% in the short and long term, respectively. Our research suggests that Turkey should design new strategies for sustainable real estate markets to improve the environmental quality by supporting green investment projects.

Keywords: BARDL; carbon; energy; real estate market; Turkey (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://www.mdpi.com/1996-1073/15/3/763/pdf (application/pdf)
https://www.mdpi.com/1996-1073/15/3/763/ (text/html)

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:gam:jeners:v:15:y:2022:i:3:p:763-:d:729821

Access Statistics for this article

Energies is currently edited by Ms. Agatha Cao

More articles in Energies from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().