Authors
Recep Ulucak, Danish, Burcu Ozcan
Publication date
2020/12/1
Journal
Resources Policy
Volume
69
Pages
101803
Publisher
Pergamon
Description
This study investigates the impact of disaggregated energy consumption and natural resources on environmental sustainability for the Organization for Economic Co-operation and Development (OECD) countries. To this end, CO2 emissions, ecological footprint and carbon footprint data covering the period 1980–2016 are used as proxies for environmental deterioration. The study applies an advanced panel data estimation tool, augmented mean group (AMG) estimator, for the long-run estimation, that allows dependencies across countries and heterogeneity in the slope parameters. The findings of the study indicate that non-renewable energy has a detrimental effect on the environment, while renewable energy reduces deterioration in the environment in terms of ecological footprint and carbon footprint. Natural resource extraction contributes to increasing CO2 emissions, whereas its role is not statistically …
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