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Does the Real Estate Market and Renewable Energy Induce Carbon Dioxide Emissions? Novel Evidence from Turkey

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  • Yazan Qashou

    (Faculty of Economics and Administrative Sciences, Near East University, TRNC, 10 Mersin, Lefkosia 99040, Turkey)

  • Ahmed Samour

    (Faculty of Economics and Administrative Sciences, Near East University, TRNC, 10 Mersin, Lefkosia 99040, Turkey)

  • Mohammed Abumunshar

    (Faculty of Economics and Administrative Sciences, Cyprus International University, TRNC, 10 Mersin, Lefkosia 99040, Turkey)

Abstract

In the literature, the linkage between income, energy, and carbon emissions has been widely examined and most of the empirical studies have not investigated the impact of the real estate market on their empirical models. Our study endeavors to present a novel topic by investigating the influence of the real estate market on Turkey’s environmental quality, using an advanced method of the Bootstrap Autoregressive Distributed Lag (BARDL). We estimate that consumption of renewable energy contributes significantly to CO 2 emissions, while real income increases the environmental degradation in both the short and long run. Furthermore, our study demonstrates that the real estate market contributes negatively to the deduction of carbon emissions in Turkey. A one percent increase in the real estate market will cause a rise in Turkey’s carbon level by 0.010% and 0.009% in the short and long term, respectively. Our research suggests that Turkey should design new strategies for sustainable real estate markets to improve the environmental quality by supporting green investment projects.

Suggested Citation

  • Yazan Qashou & Ahmed Samour & Mohammed Abumunshar, 2022. "Does the Real Estate Market and Renewable Energy Induce Carbon Dioxide Emissions? Novel Evidence from Turkey," Energies, MDPI, vol. 15(3), pages 1-13, January.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:3:p:763-:d:729821
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    References listed on IDEAS

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    Cited by:

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    4. Ali, Mumtaz & Tursoy, Turgut & Samour, Ahmed & Moyo, Delani & Konneh, Abrahim, 2022. "Testing the impact of the gold price, oil price, and renewable energy on carbon emissions in South Africa: Novel evidence from bootstrap ARDL and NARDL approaches," Resources Policy, Elsevier, vol. 79(C).
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    7. Nasiru Inuwa & Sagir Adamu & Mohammed Bello Sani & Abubakar Muhammad Saidu, 2022. "Resource Curse Hypothesis in GCC Member Countries: Evidence from Seemingly Unrelated Regression," Biophysical Economics and Resource Quality, Springer, vol. 7(4), pages 1-10, December.
    8. Piotr Oskar Czechowski & Anna Romanowska & Ernest Czermański & Aneta Oniszczuk-Jastrząbek & Marzena Wanagos, 2023. "An Attempt to Determine the Relationship between Air Pollution and the Real Estate Market in 2010–2020 in Gdańsk Using GLM and GRM Statistical Models," Sustainability, MDPI, vol. 15(3), pages 1-22, January.
    9. Kirikkaleli, Dervis, 2023. "Resource efficiency, energy productivity, and environmental quality in Japan," Resources Policy, Elsevier, vol. 85(PB).
    10. Tomiwa Sunday Adebayo & Seyi Saint Akadiri & Ilham Haouas & Husam Rjoub, 2023. "A Time-Varying Analysis between Financial Development and Carbon Emissions: Evidence from the MINT countries," Energy & Environment, , vol. 34(5), pages 1207-1227, August.
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    12. Atif Jahanger & Daniel Balsalobre-Lorente & Ahmed Samour & Foday Joof & Mumtaz Ali & Turgut Tursoy, 2022. "Do Renewable Energy and the Real Estate Market Promote Environmental Quality in South Africa: Evidence from the Bootstrap ARDL Approach," Sustainability, MDPI, vol. 14(24), pages 1-17, December.

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