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Renewable and non-renewable energy consumption, economic complexity, CO2 emissions, and ecological footprint in the USA: testing the EKC hypothesis with a structural break
Ist Teil von
Environmental science and pollution research international, 2021, Vol.28 (1), p.846-861
Ort / Verlag
Berlin/Heidelberg: Springer Berlin Heidelberg
Erscheinungsjahr
2021
Link zum Volltext
Quelle
SpringerLink (Online service)
Beschreibungen/Notizen
The economic complexity index, which indicates the level of knowledge and skills needed in the production of the exported goods, is a measure of economic development. Some researchers have investigated the validity of the environmental Kuznets curve (EKC) hypothesis by considering the effect of economic complexity on environmental pollution. This study, for the first time, examines the impact of economic complexity, globalization, and renewable and non-renewable energy consumption on both CO
2
emissions and ecological footprint within the framework of the EKC hypothesis in the USA. To this end, the combined cointegration test and three different estimators are utilized for the period from 1980 to 2016. The main finding of the study indicates that the inverted U-shaped EKC relationship between economic complexity and environmental pollution holds for the USA. In addition to this finding, globalization and renewable energy consumption play a dominant role in reducing environmental pollution, while non-renewable energy consumption contributing factor to environmental pressure. Overall, the outcomes indicate that increasing economic complexity helps to minimize environmental degradation after a threshold, and the US government can provide a better environment by using renewable energy sources and globalization.
Graphical abstract