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The moderating role of informal economy on financial development induced ekc hypothesis in turkey

Author

Listed:
  • Baris Memduh Eren
  • Salih Katircioglu
  • Korhan K. Gokmenoglu

Abstract

This study conducts an empirical investigation about the moderating role of the informal economy on Turkey's environmental performance by employing advanced econometric techniques that account numerous structural breaks in series. In this extent, we created three interaction variables by captivating the impact of informal economic activities on CO 2 emissions through income, energy use, and financial sector development. Besides, we built a main effect model without the interaction variables to assess the direct effects of our variables on global environmental degradation. The outcomes of the carried analyses produced supporting evidence toward the confirmation of the Environmental Kuznets Curve (EKC) assumption. Obtained findings shown that energy use, financial development and the informal economy in Turkey transmit a deteriorating impact on environmental well-being. Furthermore, the moderating role of the informal economy was found to be statistically significant factor in terms of both economic and environmental efficiency.

Suggested Citation

  • Baris Memduh Eren & Salih Katircioglu & Korhan K. Gokmenoglu, 2022. "The moderating role of informal economy on financial development induced ekc hypothesis in turkey," Energy & Environment, , vol. 33(6), pages 1203-1226, September.
    • Handle: RePEc:sae:engenv:v:33:y:2022:i:6:p:1203-1226
    DOI: 10.1177/0958305X211070775
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    Cited by:

    1. Mortaza Ojaghlou & Erginbay Ugurlu & Marta Kadłubek & Eleftherios Thalassinos, 2023. "Economic Activities and Management Issues for the Environment: An Environmental Kuznets Curve (EKC) and STIRPAT Analysis in Turkey," Resources, MDPI, vol. 12(5), pages 1-14, April.
    2. Mehdi Abid & Zouheyr Gheraia & Habib Sekrafi & Hanane Abdelli, 2024. "Air Pollution and Economic Development in KSA: Environmental Kuznets Curve and Implications for Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 628-639, January.
    3. Abdullah Emre Caglar, 2023. "Can nuclear energy technology budgets pave the way for a transition toward low‐carbon economy: Insights from the United Kingdom," Sustainable Development, John Wiley & Sons, Ltd., vol. 31(1), pages 198-210, February.

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