Akademik Veri Yönetim Sistemi
Journal of Research in Economics, Politics & Finance, cilt.6, sa.2, ss.371-384, 2021 (Hakemli Dergi)
Abstract
Substantial increases in the use of energy resources pose a serious threat to
environmental quality in a globalized world. It is of critical importance for
countries with high levels of CO2 emission to achieve their goals of emission
reduction. As a matter of fact, greenhouse gases — and CO2 in particular —
bring about global warming, climate change and many concomitant
adversities. This study tries to explain greenhouse gas emissions with financial
development, energy consumption, tourism and trade indicators in high
income countries from different continents for the period from 1995 to 2017
by panel quantile approach. Results suggest that financial development, fossil
fuel energy consumption, and tourism receipts increase emissions in full
sample. Also, tourism is critical in explaining the increase in greenhouse gas
emissions of high-income countries in American continent. In Asian continent,
financial development positively effects on carbon emissions at 10% and 75%
quantile levels but affect negatively at 90% quantile level.