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Advisor(s)
Abstract(s)
The attempt of ensuring that economic growth is becoming greener with additional efficient use of natural capital which is captured in green growth has gained the interest of researchers, but studies in this regard on MENAT countries are scant. Thus, this study attempted to model the determinant factors of green growth in the MENAT countries using data from 1990 to 2019 and employed the Westerlund and Edgerton (2008) panel cointegration test to examine the cointegration among the variables of interest, and employed DCCE-MG technique to establish the significance of the determinant factors, while FMOLS and DOLS were utilized for robustness check. The result from the panel cointegration test revealed an existence of cointegration relationship between the variables in cases of “cross-sectional dependency” and structural breaks, which suggests that the variables move together in the long-run.
Moreover, the findings from DCCE-MG estimates revealed that foreign direct investment, economic growth, renewable energy and institutional quality drives sustainable green growth in the MENAT countries, while population was found to exert negative impact on sustainable green growth. The study provides some information that will assist the policymakers in the MENAT countries to balance sustainable green growth, economic growth, internationalization, institutional quality, environmental cost, and population.
Description
Artigo publicado em revista científica internacional
Keywords
Sustainable development Environmental quality Economic development Environmental regulation Energy use
Citation
Odugbesan, J. A.; Aghazadeh, S.; Rjoub, H.; Dantas, R. M.; Correia, A. B.; Rita, J. X.; Mata, M. N.; Modeling the determinants of sustainable green growth in the menat region: using the dcce-mg approach. Applied Ecology and Environmental Research 19(6):4881-4901 DOI: http://dx.doi.org/10.15666/aeer/1906_48814901
Publisher
Applied Ecology and Environmental Research