Insights for a sustainable environment: analysing the persistence of policy shocks to ecological footprints of Mediterranean countries

YILANCI V., ULUCAK R., ÖZGÜR Ö.

Spatial Economic Analysis, vol.17, no.1, pp.47-66, 2022 (SSCI) identifier identifier

  • Publication Type: Article / Article
  • Volume: 17 Issue: 1
  • Publication Date: 2022
  • Doi Number: 10.1080/17421772.2021.1919313
  • Journal Name: Spatial Economic Analysis
  • Journal Indexes: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, ABI/INFORM, Business Source Elite, Business Source Premier, EconLit, INSPEC
  • Page Numbers: pp.47-66
  • Keywords: environmental policies, environmental sustainability, ecological footprint, RALS-LM unit root test, CARBON-DIOXIDE EMISSIONS, UNIT-ROOT TEST, OIL-PRICE SHOCK, CLUB CONVERGENCE, KUZNETS CURVE, CO2 EMISSIONS, TREND BREAKS, GREAT CRASH, STATIONARITY, ENERGY
  • Kayseri University Affiliated: No

Abstract

© 2021 Regional Studies Association.As much as the importance of designing sustainable environmental policies, consideration of their probable effects is also crucial to foresee whether or not they may create desired changes. To this end, following more robust and current methodologies, Lagrange multiplier (LM) and residual augmented least-square LM (RALS-LM) approaches, this study investigates whether policy shocks to ecological footprints of Mediterranean countries have a permanent and temporary effect on the pathway of a sustainable environment. Results point out that a stricter policy stance should be required to generate permanent desired changes in the environment and achieve environmental sustainability.