Environmental sustainability amidst financial inclusion in five fragile economies: Evidence from lens of environmental Kuznets curve

dc.contributor.authorBarut, Abdulkadir
dc.contributor.authorKaya, Emine
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorCengiz, Sevgi
dc.date.accessioned2026-06-19T06:39:59Z
dc.date.available2026-06-19T06:39:59Z
dc.date.issued2023
dc.departmentMalatya Turgut Özal Üniversitesi
dc.description.abstractEconomic growth comes with it environmental trade-off on environmental sustainability. This occurrence is evidence on a global scale as it stems from human anthropogenic activities driven by the consumption of energy sources from fossil-fuel origin. On this premise, the present study focuses on five fragile economies with huge energy and sustainability targets to explore the nexus between economic growth and the environment. The present study is distinct from previous studies in scope by the construct and inclusion of a financial inclusion index with the aid of Principal component analysis (PCA), human development to the economic growth-environment argument. To this end to reach evidence-based outcomes second generational panel analysis is employed. The Durbin-Hansen cointegration test traces the long-run equilibrium relationship between the study variables. Subsequently, an augmented mean group (AMG) estimator is employed to explore the relationship between the outlined variables. Furthermore, the present study finds support for the pollution haven hypothesis for the selected fragile economies. The plausible explanation is due to weak trade and environmental treaties in the examined countries. However, the renewable energy human development index help mitigates environ-mental degradation. Thus, the present study advocates the need for energy transition and investment into new technological innovation in research and development to attain sustainable development goals and environ-mental sustainability resonated in UNSDGs-11,12 and 13. Additionally, financial inclusion plays a vital role in the five fragile energy-environment mixes. The current study presents vital policy directives in the concluding section for individual countries and the entire bloc for more effective policy direction.
dc.identifier.doi10.1016/j.energy.2023.126802
dc.identifier.issn0360-5442
dc.identifier.issn1873-6785
dc.identifier.orcid0000-0003-4948-6905
dc.identifier.scopus2-s2.0-85147203119
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.energy.2023.126802
dc.identifier.urihttps://hdl.handle.net/20.500.12899/5902
dc.identifier.volume269
dc.identifier.wosWOS:000927620100001
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevier Science Ltd
dc.relation.ispartofEnergy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20260612
dc.subjectSdgs
dc.subjectEnvironmental Sustainability
dc.subjectCarbon-Reduction
dc.subjectEnvironmental Sustianability Index
dc.subjectFragile Economies
dc.subjectPanel Econometrics
dc.titleEnvironmental sustainability amidst financial inclusion in five fragile economies: Evidence from lens of environmental Kuznets curve
dc.typeArticle

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