Analyzing the N-shaped EKC among top nuclear energy generating nations: A novel dynamic common correlated effects approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F23%3A96869" target="_blank" >RIV/60460709:41110/23:96869 - isvavai.cz</a>

Result on the web

<a href="https://doi.org/10.1016/j.gr.2022.12.012" target="_blank" >https://doi.org/10.1016/j.gr.2022.12.012</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1016/j.gr.2022.12.012" target="_blank" >10.1016/j.gr.2022.12.012</a>

Result language

angličtina

Original language name

Analyzing the N-shaped EKC among top nuclear energy generating nations: A novel dynamic common correlated effects approach

Original language description

Regardless of the ongoing debate, the shape of the Environmental Kuznets Curve (EKC) hypothesis plays a critical role in determining the dynamic relationship between environmental sustainability and eco-nomic activities across different nations of the world. It is widely accepted that with cleaner fuel options (i.e., nuclear and renewables), economic amelioration will have the least negative environmental exter-nalities. Banking on this matter, it is anticipated that the top nuclear energy-producing nations might have obtained environmental sustainability amid the eye-catching incessant economic amelioration. In other words, we expect that there exists an inverted U-shaped EKC among these nuclear energy-rich nations. However, the hypothesis that an N-shaped EKC does not exist among these nations is yet to be scrutinized. To address this research gap, we have deployed annual time-series data from 1990 to 2018 and adopted the novel Dynamic Common Correlated Effects Approach. The results unearth that the N-shaped EKC hypothesis is valid in the case of the top nuclear energy-producing nations, revealing that the energy sector that is fueling the economic growth among these nations is still highly dependent on fossil-based sources. We also noted that nuclear energy generation ameliorates environmental quality among the designated countries. Additionally, the empirical results further delineate that military spend-ing and human capital are negatively associated with ecological footprint among the selected nations, revealing that national security and education can help reshape, rebound and restore the biocapacity sur-plus among the designated countries. We propose that the chosen nations develop a more biased energy mix structure with more nuclear and renewable energy sources in the basket to keep the growth process untapped. By doing this, the N-shaped EKC can be avoided. Further policy insights have been made in the relevant section.(c) 2023 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50201 - Economic Theory

Project

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Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2023

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

GONDWANA RESEARCH

ISSN

1342-937X

e-ISSN

1342-937X

Volume of the periodical

116

Issue of the periodical within the volume

APR 2023

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

16

Pages from-to

73-88

UT code for WoS article

000922948200001

EID of the result in the Scopus database

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