European University of Lefka

About: European University of Lefka is a education organization based out in Mersin, Turkey. It is known for research contribution in the topics: Photonic-crystal fiber & Polynomial matrix. The organization has 277 authors who have published 609 publications receiving 6455 citations.

Do renewable energy consumption and financial development matter for environmental sustainability? New global evidence

Abstract: The present study aims to explore the long‐run and causal effect of financial development and renewable energy consumption on environmental sustainability while controlling technological innovation and economic growth within the global framework. In line with the aim of the study, the fully modified OLS (FMOLS), dynamic OLS (DOLS), canonical cointegrating regression (CCR), Bayer and Hanck cointegration, and frequency‐domain causality tests are employed. Empirical evidence confirms the existence of a long‐run linkage among the variables. The present study also finds that in the long run, global financial development and global renewable energy consumption have a long‐run significant positive effect on environmental sustainability, while economic growth increases carbon emission flaring around the world. Within the global framework, the study, therefore, recommends that in order to increase environmental quality, global policy‐makers should further consider the roles of renewable energy and financial development by implementing reform energy policies in both developed and developing countries.

Environmental cost of natural resources utilization and economic growth: Can China shift some burden through globalization for sustainable development?

Abstract: This study aims to investigate the relationship between CO2 emissions in China and its prospective determinants, namely economic growth, globalization, financial development, and natural resources during the period from 1980 to 2017 We present more detailed analyses across multiple econometric approaches within a multivariate system, eg, the Bayer‐Hanck combined cointegration approach, the ARDL bounds test approach, ARDL estimates in short run and long run, robustness check by cointegration regressions (ie, FMOLS, DOLS, CCR), and Granger causality approach in the frequency domain Our results show that economic growth and natural resources have a positive impact on CO2 emissions in China, although globalization contributes to improving its environmental quality Meanwhile, there is no statistical evidence that CO2 emissions in China could be affected by financial development The causality analysis reveals that globalization, economic growth and natural resources all lead to CO2 emissions in the long run, while financial development only causes the short‐run CO2 emissions, which further demonstrate our findings Such findings are meaningful for policymakers to achieve the sustainable development in China