OIL PRICE, ENERGY CONSUMPTION, TAXATION, AND CO2 EMISSIONS IN TURKEY /
Abumunshar, Mohammad Jamal
OIL PRICE, ENERGY CONSUMPTION, TAXATION, AND CO2 EMISSIONS IN TURKEY / NEW EVIDENCE FROM A BOOTSTRAP ARDL TEST MOHAMMED JAMAL ABUMUNSHAR; SUPERVISOR: PROF. DR. MEHMET AGA - 167 pages; 31 cm. Includes CD
Thesis (PhD) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department
Includes bibliography (sheets 133-167)
ABSTRACT
The main objective of this research is to test the effect of the oil prices, taxation, renewable and non-renewable energy consumption, and economic growth on Turkey’s carbon emission, by using three techniques of co-integration tests ,namely, the newly developed bootstrap autoregressive distributed lag (ARDL) testing technique as proposed by (McNown et al., 2018), the new approach involving the Bayer-Hanck (2013) combined co-integration test, H-J (2008) co-integration technique, which induces two dates of structural breaks. Autoregressive Distributed Lag Model (ARDL), Dynamic Ordinary Least Squares (DOLS), Canonical Cointegrating Regression(CCR), Fully Modified Ordinary Least Square (FMOLS) approaches are utilized to test a long-run interaction between the examined variables. The Granger causality (GC) analysis is utilized to investigate the direction of causality among the variables. The long-run coefficients of ARDL, DOLS, CCR, and FMOLS show that the oil prices have a negative influence on CO2 emission in Turkey in the long-run. Furthermore, the findings demonstrate that non-renewable energy, which includes oil, natural gas, and coal increases CO2 emission. In contrast, renewable energy can decrease environmental pollution. These empirical findings can be attributed to that Turkey heavily depends on imported oil; more than 50% of the energy requirement has been supplied by import. Hence, the oil price fluctuations have severe effects on economic performance in Turkeys, which in turn leads to affect energy consumption and the level of carbon emission. The study suggests that the rate of imported oil in Turkey must be decreased by finding more renewable energy sources for the energy supply formula to avoid any undesirable effects of oil price fluctuations on the Co2 emission, and also to achieve sustainable development.
Taxation--Dissertations, Academic
Carbon dioxide--Dissertations, Academic
Bootstrap (Statistics)--Dissertations, Academic
OIL PRICE, ENERGY CONSUMPTION, TAXATION, AND CO2 EMISSIONS IN TURKEY / NEW EVIDENCE FROM A BOOTSTRAP ARDL TEST MOHAMMED JAMAL ABUMUNSHAR; SUPERVISOR: PROF. DR. MEHMET AGA - 167 pages; 31 cm. Includes CD
Thesis (PhD) - Cyprus International University. Institute of Graduate Studies and Research Accounting and Finance Department
Includes bibliography (sheets 133-167)
ABSTRACT
The main objective of this research is to test the effect of the oil prices, taxation, renewable and non-renewable energy consumption, and economic growth on Turkey’s carbon emission, by using three techniques of co-integration tests ,namely, the newly developed bootstrap autoregressive distributed lag (ARDL) testing technique as proposed by (McNown et al., 2018), the new approach involving the Bayer-Hanck (2013) combined co-integration test, H-J (2008) co-integration technique, which induces two dates of structural breaks. Autoregressive Distributed Lag Model (ARDL), Dynamic Ordinary Least Squares (DOLS), Canonical Cointegrating Regression(CCR), Fully Modified Ordinary Least Square (FMOLS) approaches are utilized to test a long-run interaction between the examined variables. The Granger causality (GC) analysis is utilized to investigate the direction of causality among the variables. The long-run coefficients of ARDL, DOLS, CCR, and FMOLS show that the oil prices have a negative influence on CO2 emission in Turkey in the long-run. Furthermore, the findings demonstrate that non-renewable energy, which includes oil, natural gas, and coal increases CO2 emission. In contrast, renewable energy can decrease environmental pollution. These empirical findings can be attributed to that Turkey heavily depends on imported oil; more than 50% of the energy requirement has been supplied by import. Hence, the oil price fluctuations have severe effects on economic performance in Turkeys, which in turn leads to affect energy consumption and the level of carbon emission. The study suggests that the rate of imported oil in Turkey must be decreased by finding more renewable energy sources for the energy supply formula to avoid any undesirable effects of oil price fluctuations on the Co2 emission, and also to achieve sustainable development.
Taxation--Dissertations, Academic
Carbon dioxide--Dissertations, Academic
Bootstrap (Statistics)--Dissertations, Academic