Economic complexity-carbonization nexus in the European Union: A heterogeneous panel data analysis

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dc.authoridDemiral, Mehmet/0000-0002-8836-5682
dc.authoridAkca, Emrah Eray/0000-0003-4190-5503
dc.contributor.authorDemiral, Mehmet
dc.contributor.authorAkca, Emrah Eray
dc.date.accessioned2024-11-07T13:31:51Z
dc.date.available2024-11-07T13:31:51Z
dc.date.issued2022
dc.departmentNiğde Ömer Halisdemir Üniversitesi
dc.description.abstractThe economic contributions of economic complexity, characterized by knowledge, sophistication, and diversification, are well documented. However, its decarbonization impacts remain unclear and need more research, especially in complex economies. Therefore, this study tests the economic complexity effects on carbon dioxide (CO2) productivity (output per emissions) and CO2 intensity (emissions per capita) for 22 European Union countries from 1995 to 2018. The study follows a cointegration framework considering heterogeneity and cross-country dependence diagnostics. Augmented mean group estimates confirm that higher economic complexity reduces CO2 productivity and increases CO2 intensity. Additionally, energy efficiency (output per energy supply) improvement is found as a key driver of decarbonization. Higher per capita income intensifies emissions, but non-linear income effects do not reveal an environmental Kuznets curve pattern. Deindustrialization improves decarbonization, while environmental tax revenues have insignificant influences. A bidirectional causality is established between CO2 intensity and economic complexity. Overall evidence suggests policies favoring energy-efficient green complexity.
dc.identifier.doi10.1080/15567249.2022.2046210
dc.identifier.issn1556-7249
dc.identifier.issn1556-7257
dc.identifier.issue1
dc.identifier.scopus2-s2.0-85125995037
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1080/15567249.2022.2046210
dc.identifier.urihttps://hdl.handle.net/11480/15066
dc.identifier.volume17
dc.identifier.wosWOS:000763333200001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherTaylor & Francis Inc
dc.relation.ispartofEnergy Sources Part B-Economics Planning and Policy
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_20241106
dc.subjectEconomic complexity
dc.subjectcarbonization
dc.subjectCO2 productivity
dc.subjectCO2 intensity
dc.subjectenvironmental Kuznets curve
dc.subjectEuropean Union
dc.titleEconomic complexity-carbonization nexus in the European Union: A heterogeneous panel data analysis
dc.typeArticle

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