Another outlook into energy-growth nexus in Mexico for sustainable development: Accounting for the combined impact of urbanization and trade openness

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dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridAdebayo, Tomiwa Sunday/0000-0003-0094-1778
dc.contributor.authorAdebayo, Tomiwa Sunday
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorHaseki, Murat Ismet
dc.date.accessioned2024-09-11T19:51:59Z
dc.date.available2024-09-11T19:51:59Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study corroborates the importance of United Nations Sustainable Development Goal 7 (SDG-7), intended to ensure access to affordable, reliable, sustainable energy for all, and SDG-8, designed to promote decent work and sustainable economic growth. This article is motivated by the highlighted SDGs and empirically explores the long-run and causality relationship between energy consumption, urbanization, trade openness, and economic growth for annual frequency data from 1965 to 2021 for the case of Mexico. To this end, we leverage the use of fully modified ordinary least squares, dynamic ordinary least squares, and canonical regression estimation methods, while for the direction of causality, the gradual shift and wavelet coherence methods are used. According to the Autoregressive distributed lag (ARDL), the bounds test traces a long-run relationship between the outlined variables over the sampled period. Empirical evidence validates the energy-induced growth hypothesis. This result resonates with the causality analysis, where energy consumption drives economic growth one way in Mexico. This suggests that Mexico cannot embark on energy-conservative policies, as such actions will hurt economic progress. In addition, unidirectional causality is seen between urbanization, trade openness, and economic growth. These findings have far-reaching implications for economic growth and macroeconomic indicators in Mexico. More insights are highlighted in the concluding section.en_US
dc.identifier.doi10.1111/1477-8947.12283
dc.identifier.endpage352en_US
dc.identifier.issn0165-0203
dc.identifier.issn1477-8947
dc.identifier.issue2en_US
dc.identifier.scopus2-s2.0-85153615025en_US
dc.identifier.startpage334en_US
dc.identifier.urihttps://doi.org/10.1111/1477-8947.12283
dc.identifier.urihttps://hdl.handle.net/11363/7880
dc.identifier.volume47en_US
dc.identifier.wosWOS:000975165000001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherWileyen_US
dc.relation.ispartofNatural Resources Forumen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectenergy-led growth hypothesisen_US
dc.subjectMexicoen_US
dc.subjectsustainable growthen_US
dc.subjecttrade opennessen_US
dc.subjecturban populationen_US
dc.titleAnother outlook into energy-growth nexus in Mexico for sustainable development: Accounting for the combined impact of urbanization and trade opennessen_US
dc.typeArticleen_US

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