How Do Economic Growth, Renewable Energy Consumption, and Political Stability Affect Environmental Sustainability in the United States? Insights from a Modified Ecological Footprint Model

Tunahan Hacıimamoğlu () and Oğuzhan Sungur ()
Additional contact information
Tunahan Hacıimamoğlu: Recep Tayyip Erdogan University
Oğuzhan Sungur: Recep Tayyip Erdogan University

Journal of the Knowledge Economy, 2024, vol. 15, issue 4, No 189, 20649-20676

Abstract: Abstract In the last century, global warming and environmental pollution issues have reached the levels that threaten humanity. Competition on economic growth is considered one of the primary causes of environmental pollution. It has increased the significance of sustainable development and renewable energy consumption. Within the scope of sustainable development, the countries with large economies bear a greater responsibility to reduce environmental pollution. This study aims to investigate the effect of economic growth, renewable energy consumption, and political stability on environmental degradation in the United States (US) for the period 1984–2017. A comprehensive econometric analysis is conducted by using the Fourier Autoregressive Distributed Lag (FARDL) test in this study. The results of the cointegration tests indicate that economic growth, renewable energy consumption, and political stability are cointegrated with the ecological footprint pressure index representing the environmental degradation. The FARDL test results reveal that economic growth increases environmental degradation, whereas renewable energy consumption and political stability mitigate environmental degradation in both the short- and long-run. This study provides policy recommendations aiming to increase renewable energy consumption and political stability within the context of sustainable development.

Keywords: Sustainable development; Environmental degradation; Environmental Kuznets curve hypothesis; Renewable energy consumption; Political stability; Fourier ARDL (search for similar items in EconPapers)
JEL-codes: C22 Q01 Q20 Q57 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1007/s13132-024-01953-6 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

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:spr:jknowl:v:15:y:2024:i:4:d:10.1007_s13132-024-01953-6

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/13132

DOI: 10.1007/s13132-024-01953-6

Access Statistics for this article

Journal of the Knowledge Economy is currently edited by Elias G. Carayannis

More articles in Journal of the Knowledge Economy from Springer, Portland International Center for Management of Engineering and Technology (PICMET)
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().