Renewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDL

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dc.authoridhttps://orcid.org/0000-0002-6521-0901en_US
dc.contributor.authorAdedoyin, Festus Fatai
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorAgboola, Phillips O.
dc.contributor.authorAgboola, Mary Oluwatoyin
dc.date.accessioned2023-07-29T16:20:45Z
dc.date.available2023-07-29T16:20:45Z
dc.date.issued2021en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractAccording to the Economic Complexity Index, Japan was the number 1 most complex economy in the world. In addition to complexity, Japan pledges to reduce emissions by boosting cleaner energy sources. This study simulates two policies to highlight a path for Japan in achieving this ambitious energy and environmental target. The novel dynamic autoregressive distribution lag (ARDL) model and Kernel-based regularized least squares (KRLS) are adopted over panel data from 1970 to 2018. Empirical evidence from the ARDL and dynamic ARDL models shows that CO2 emissions have a significant long-term relationship with GDP per capita, renewable energy, and economic complexity index while air transport is significant in the short run. Putting it more elaborately, a unit increase in GDP per capita increase the emission by 0.84%e0.96% in the long run and 0.46%e0.48% in the short run. As regards renewable energy, a unit increase in it decrease the carbon emission by 0.07% and 0.04% in the long-run and short-run respectively. Also, an increase in the economic index diminished the emission by 0.81% in the long run. Moreover, economic complexity moderates the role of GDP in environmental degradation as it also has a significant impact on carbon emission.en_US
dc.identifier.doi10.1016/j.renene.2021.06.018en_US
dc.identifier.endpage1420en_US
dc.identifier.issn0960-1481
dc.identifier.issn1879-0682
dc.identifier.scopus2-s2.0-85108274318en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage1408en_US
dc.identifier.urihttps://hdl.handle.net/11363/5118
dc.identifier.urihttps://doi.org/
dc.identifier.volume177en_US
dc.identifier.wosWOS:000683552300006en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherPERGAMON-ELSEVIER SCIENCE LTD, THE BOULEVARD, LANGFORD LANE, KIDLINGTON, OXFORD OX5 1GB, ENGLANDen_US
dc.relation.ispartofRenewable Energyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEconomic complexitiesen_US
dc.subjectCO2 emissionsen_US
dc.subjectNovel dynamic ARDLen_US
dc.subjectRenewable energyen_US
dc.subjectCoal energyen_US
dc.subjectJapanen_US
dc.titleRenewable and non-renewable energy policy simulations for abating emissions in a complex economy: Evidence from the novel dynamic ARDLen_US
dc.typeArticleen_US

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