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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50201 - Economic Theory

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2023

Kód důvěrnosti údajů

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

Název periodika

GONDWANA RESEARCH

ISSN

1342-937X

e-ISSN

1342-937X

Svazek periodika

116

Číslo periodika v rámci svazku

APR 2023

Stát vydavatele periodika

CZ - Česká republika

Počet stran výsledku

16

Strana od-do

73-88

Kód UT WoS článku

000922948200001

EID výsledku v databázi Scopus

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