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Prof. Dervis Kirikkaleli
European University of Lefke

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0 Energy Economics
0 Energy Policy
0 Enviromental economics
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Short Biography

Assoc. Prof. Dr. Dervis Kirikkaleli is the current senior lecturer at the European University of Lefke. He holds a BSc in Economics from Eastern Mediterranean University (CY). He is a University of Stirling (UK) alum, where he completed his MSc and PhD in Banking and Finance. His research area is macroeconomics, environmental economics, and financial economics. Currently, he writes articles about the concepts of economic stability and environmental economics in emerging markets.

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Journal article
Published: 19 August 2021 in Energies
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This empirical study assesses the effect of CO2 emissions, urbanization, energy consumption, and agriculture on Thailand’s economic growth using a dataset between 1970 and 2018. The ARDL and the frequency domain causality (FDC) approaches were applied to assess these interconnections. The outcome of the bounds test suggested a long-term association among the variables of investigation. The ARDL outcomes reveal that urbanization, agriculture, energy consumption, and CO2 emissions positively trigger Thailand’s economic growth. Additionally, the frequency domain causality test was used to detect a causal connection between the series. The main benefit of this technique is that it can detect a causal connection between series at different frequencies. To the understanding of the authors, this is the first study in the case of Thailand that will apply the FDC approach to capture the causal linkage between GDP and the regressors. The outcomes of the causality test suggested that CO2 emissions, urbanization, energy consumption, and agriculture can predict Thailand’s economic growth in the long term. These outcomes have far-reaching implications for economic performance and Thailand’s macroeconomic indicators.

ACS Style

Mário Nuno Mata; Seun Damola Oladipupo; Rjoub Husam; Joaquim António Ferrão; Mehmet Altuntaş; Jéssica Nunes Martins; Dervis Kirikkaleli; Rui Miguel Dantas; António Morão Lourenço. Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis. Energies 2021, 14, 5132 .

AMA Style

Mário Nuno Mata, Seun Damola Oladipupo, Rjoub Husam, Joaquim António Ferrão, Mehmet Altuntaş, Jéssica Nunes Martins, Dervis Kirikkaleli, Rui Miguel Dantas, António Morão Lourenço. Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis. Energies. 2021; 14 (16):5132.

Chicago/Turabian Style

Mário Nuno Mata; Seun Damola Oladipupo; Rjoub Husam; Joaquim António Ferrão; Mehmet Altuntaş; Jéssica Nunes Martins; Dervis Kirikkaleli; Rui Miguel Dantas; António Morão Lourenço. 2021. "Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis." Energies 14, no. 16: 5132.

Research article
Published: 16 August 2021 in Environmental Science and Pollution Research
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In recent years, many empirical studies investigated the effects of globalization on the ecological footprint (EF). Most of these studies relied on the KOF index of globalization and studied the effects of total globalization and disaggregated impacts of economic, social, and political globalization on the EF. However, less attention has been given to financial globalization which can also influence the EF. Hence, this study investigates the association between financial globalization (FG), economic growth (GDP), and EF controlling population density (PD) in the selected West Asian and the Middle East (WAME) nations from 1990 to 2017. The study relied upon second-generation methods for checking stationary properties and Westerlund and other techniques to scrutinize cointegration. The evidence showed cointegration in the model. The long-run approximations from continuously updated fully modified (CUP-FM) and continuously updated bias corrected (CUP-BC) tests divulge that financial globalization is an important factor to promote ecological sustainability in the sample countries because it decreases EF. Population density exacerbates EF and worsens environmental deterioration in sample countries. The study detected the environmental Kuznets curve (EKC) between EF and economic growth in the presence of financial globalization and population density. Besides, financial globalization Granger causes EF, while the feedback effect exists between EF and economic growth. Based on these results, WAME economies can accomplish ecological sustainability and sustainable development by enhancing their financial globalization levels.

ACS Style

Shauku Kihombo; Arif I. Vaseer; Zahoor Ahmed; Songsheng Chen; Dervis Kirikkaleli; Tomiwa Sunday Adebayo. Is there a tradeoff between financial globalization, economic growth, and environmental sustainability? An advanced panel analysis. Environmental Science and Pollution Research 2021, 1 -11.

AMA Style

Shauku Kihombo, Arif I. Vaseer, Zahoor Ahmed, Songsheng Chen, Dervis Kirikkaleli, Tomiwa Sunday Adebayo. Is there a tradeoff between financial globalization, economic growth, and environmental sustainability? An advanced panel analysis. Environmental Science and Pollution Research. 2021; ():1-11.

Chicago/Turabian Style

Shauku Kihombo; Arif I. Vaseer; Zahoor Ahmed; Songsheng Chen; Dervis Kirikkaleli; Tomiwa Sunday Adebayo. 2021. "Is there a tradeoff between financial globalization, economic growth, and environmental sustainability? An advanced panel analysis." Environmental Science and Pollution Research , no. : 1-11.

Research article
Published: 13 August 2021 in Environmental Science and Pollution Research
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To tackle the issue of climate change and environmental degradation debates regarding carbon neutrality is on the rise. Regional Comprehensive Economic Cooperation (RCEP), the leading trading union, covers nearly third of global economy, world population, is responsible for thirty percent of global trade and global gross domestic product. The existent study tests the impact of financial, economic, political, and composite risk on consumption-based carbon dioxide emissions (CCO2) in selected RCEP economies during the period of 1990 to 2020. The empirical analysis consists of cross-sectional dependence, slope heterogeneity, cross-sectional augmented panel unit root test, Westerlund cointegration, second-generation cross-section augmented autoregressive distributed lags model (CS-ARDL), and panel causality test. Further, we explore the role of imports, renewable energy supply, exports, and gross domestic product per-capita on CCO2. The empirical results suggest that the less political risk help to mitigate while the lower financial, economic, and composite risk increase CCO2 emissions in selected RCEP economies. Moreover, exports and renewable energy supply show mitigating effect, whereas imports show upsurge in CCO2. Additionally, a bidirectional causality exists between exports and CCO2, imports and CCO2, GDP per-capita and CCO2, political risk and CCO2, and renewable energy and CCO2 emissions, while a one-way causality from financial risk, composite risk, and economic risk to CCO2. Renewable energy supplies along with the improvement in sub-components of political risk, for instance, corruption, government stability, would help to effectively tackle the issue of CCO2 emissions.

ACS Style

Taimoor Hassan; Huaming Song; Dervis Kirikkaleli. International trade and consumption-based carbon emissions: evaluating the role of composite risk for RCEP economies. Environmental Science and Pollution Research 2021, 1 -21.

AMA Style

Taimoor Hassan, Huaming Song, Dervis Kirikkaleli. International trade and consumption-based carbon emissions: evaluating the role of composite risk for RCEP economies. Environmental Science and Pollution Research. 2021; ():1-21.

Chicago/Turabian Style

Taimoor Hassan; Huaming Song; Dervis Kirikkaleli. 2021. "International trade and consumption-based carbon emissions: evaluating the role of composite risk for RCEP economies." Environmental Science and Pollution Research , no. : 1-21.

Journal article
Published: 23 July 2021 in Economic Research-Ekonomska Istraživanja
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The COVID-19 crisis has had deep adverse effects on a global level, affecting many economies and worsening their conditions which may have led to severe recession or even depression. The numbers of positive cases have risen sharply over the last few months, and the fatalities have also reached their peak. This study aims to examine the impact of the global financial crisis, and the COVID-19 pandemic on the macroeconomic variables of the US economy. It also provides an understanding in a descriptive format, to analyze and compare the global financial crisis and COVID-19 pandemic, in a tabulated and graphical format. For analysis purposes, the tables and average method have been used. For the graphical formats, charts have been used for the later year of 2008, and the beginning of the 2009 global financial crisis. The first six months of the spread of the COVID-19 pandemic have also been taken into consideration. The results have confirmed that the current COVID-19 pandemic shows more severity in terms of economic activity, than the global financial crisis had experienced. Moreover, the impact of the crisis on the recession probabilities in the current pandemic is lower than that at the time of the global financial crisis.

ACS Style

Zongyun Li; Panteha Farmanesh; Dervis Kirikkaleli; Rania Itani. A comparative analysis of COVID-19 and global financial crises: evidence from US economy. Economic Research-Ekonomska Istraživanja 2021, 1 -15.

AMA Style

Zongyun Li, Panteha Farmanesh, Dervis Kirikkaleli, Rania Itani. A comparative analysis of COVID-19 and global financial crises: evidence from US economy. Economic Research-Ekonomska Istraživanja. 2021; ():1-15.

Chicago/Turabian Style

Zongyun Li; Panteha Farmanesh; Dervis Kirikkaleli; Rania Itani. 2021. "A comparative analysis of COVID-19 and global financial crises: evidence from US economy." Economic Research-Ekonomska Istraživanja , no. : 1-15.

Journal article
Published: 13 July 2021 in Sustainability
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This study was conducted to develop and validate an instrument called sustainable performance (SP) in the banking sector. A mixed research design was used to understand the nature of SP techniques used by managers and employees from the banking sector. A qualitative approach was first employed to assess the types of SP techniques used through a set of interviews conducted with 11 bank managers. This was followed by a quantitative method to develop and validate an SP scale for use in the banking sector. Items for the assessment of SP were developed with a dataset comprising 415 people, and statistical analyses supported both the validity and reliability of this measurement instrument. This instrument consists of 39 items designed as a 5-point Likert scale. The study is restricted to the investigation that was conducted in certain banks operating in North Cyprus. The implications of the study suggest that managers and researchers could use SP to improve the firm performance of their organizations. This study makes a strong contribution by filling a gap in the literature. It focuses on assessing the SP performance of banks to understand their level of competitiveness.

ACS Style

Filiz Karpuz; Erdal Güryay; Dervis Kirikkaleli. Sustainable-Performance Instrument Development and Validation in the Northern Cyprus Banking Sector. Sustainability 2021, 13, 7809 .

AMA Style

Filiz Karpuz, Erdal Güryay, Dervis Kirikkaleli. Sustainable-Performance Instrument Development and Validation in the Northern Cyprus Banking Sector. Sustainability. 2021; 13 (14):7809.

Chicago/Turabian Style

Filiz Karpuz; Erdal Güryay; Dervis Kirikkaleli. 2021. "Sustainable-Performance Instrument Development and Validation in the Northern Cyprus Banking Sector." Sustainability 13, no. 14: 7809.

Journal article
Published: 11 July 2021 in Energies
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This paper aims to reveal the causal relationship between energy prices and food prices and whether this relationship is similar in the food sub-groups forming the food price index used. As food prices more than doubled during the 2008 economic crisis, this relationship has received considerable attention from researchers. Many researches have been conducted to determine the causes and consequences of the 2008 food price crisis. Researches are mainly focused on crude oil and bio-energy in terms of “energy”. This research is not only differentiated by the data used but also by the methodology employed. The study attempts to add new findings to the empirical food price literature by utilizing relatively newly developed methods, namely Toda–Yamamoto causality, Fourier Toda–Yamamoto causality, and spectral BC causality tests. The spectral BC causality test clearly reveals that there is bidirectional causality between the energy price index and food price indexes (grains, other food, and oils) at different frequencies.

ACS Style

Dervis Kirikkaleli; Ibrahim Darbaz. The Causal Linkage between Energy Price and Food Price. Energies 2021, 14, 4182 .

AMA Style

Dervis Kirikkaleli, Ibrahim Darbaz. The Causal Linkage between Energy Price and Food Price. Energies. 2021; 14 (14):4182.

Chicago/Turabian Style

Dervis Kirikkaleli; Ibrahim Darbaz. 2021. "The Causal Linkage between Energy Price and Food Price." Energies 14, no. 14: 4182.

Journal article
Published: 02 July 2021 in Resources Policy
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The accelerated speed of economic growth has come with challenges, including depletion of natural resources, issues related to globalization, and degradation of the environment. The Gulf Cooperation Council (GCC) economies are rich in mineral resources, and economic globalization has put them in the spotlight for the developed world. This paper investigates the impact of natural resource abundance, economic globalization, and disaggregated energy consumption on GCC countries' environmental quality by considering urbanization and economic growth from 1990 to 2018, thus filling a gap in the literature. The study applies an advanced econometric approach, a cross-sectional autoregressive distributed lags (CS-ARDL) estimator, for short-run and long-run estimation that allows heterogeneity in the slope parameters and dependencies across countries. The findings show that natural resource abundance significantly improves environmental quality, that economic globalization and renewable energy consumption mitigate emission levels in the GCC economies, and that urbanization, economic growth, and non-renewable energy consumption significantly deteriorate environmental quality. The paper provides novel empirical evidence and policy recommendations for sustainable development.

ACS Style

Abdul Majeed; Lijun Wang; Xiaohui Zhang; Muniba; Dervis Kirikkaleli. Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies. Resources Policy 2021, 73, 102204 .

AMA Style

Abdul Majeed, Lijun Wang, Xiaohui Zhang, Muniba, Dervis Kirikkaleli. Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies. Resources Policy. 2021; 73 ():102204.

Chicago/Turabian Style

Abdul Majeed; Lijun Wang; Xiaohui Zhang; Muniba; Dervis Kirikkaleli. 2021. "Modeling the dynamic links among natural resources, economic globalization, disaggregated energy consumption, and environmental quality: Fresh evidence from GCC economies." Resources Policy 73, no. : 102204.

Journal article
Published: 30 June 2021 in Journal of Environmental Management
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To achieve zero carbon or achieving carbon neutrality target is of great importance to many countries around the globe especially post Paris climate agreement. This study, unlike previous studies, evaluates the role of environmental policy, green innovation, composite risk index, and renewable energy R&D in achieving carbon neutrality targets for G7 economies from 1990 to 2019. The results confirmed the validity of the EKC hypothesis for G7 economies. Further, the result shows that environmental policy, green innovation, composite risk index, and renewable energy R&D help control carbon emissions. In contrast, income reveals a positive influence on environmental degradation. Furthermore, bidirectional causality has been reported in environmental policy, composite risk index, green innovation, and the CO2 emissions, while unidirectional causality running from GDP and renewable energy R&D to CO2 emissions. Based on the empirical findings, it is suggested that environmental policies should be strengthened, promote green innovation and renewable energy research and development expenditures, and political stability and institutional quality must be stabilized to lowers sectoral risks that would help a sustainable environment.

ACS Style

Lingui Qin; Dervis Kirikkaleli; Yao Hou; Xu Miao; Muhammad Tufail. Carbon neutrality target for G7 economies: Examining the role of environmental policy, green innovation and composite risk index. Journal of Environmental Management 2021, 295, 113119 .

AMA Style

Lingui Qin, Dervis Kirikkaleli, Yao Hou, Xu Miao, Muhammad Tufail. Carbon neutrality target for G7 economies: Examining the role of environmental policy, green innovation and composite risk index. Journal of Environmental Management. 2021; 295 ():113119.

Chicago/Turabian Style

Lingui Qin; Dervis Kirikkaleli; Yao Hou; Xu Miao; Muhammad Tufail. 2021. "Carbon neutrality target for G7 economies: Examining the role of environmental policy, green innovation and composite risk index." Journal of Environmental Management 295, no. : 113119.

Research article
Published: 29 June 2021 in International Journal of Energy Research
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The COVID-19 pandemic has made a significant disruption in the renewable industry, and the effects will last longer. In this context, understanding how and which specific renewable power got affected due to this crisis is of crucial importance. This study examines the nexus between COVID-19 and Sweden's renewable electricity production from three sources of energy such as nuclear, solar, and wind, where the data ranges from January 1, 2019, to February 17, 2021. Since this study compares the period before and during the pandemic event, the study uses Air Quality Index as a measure of COVID-19 induced event and thus study the linkage between air quality and electricity production from three types of renewable energy. To analyse the above issue, several advanced techniques such as Wavelet Power Spectrum, Wavelet Coherence, Partial and Multiple Wavelet Coherence have been applied. The findings from the Wavelet Coherence approach demonstrate that COVID-19 has disrupted the linkage between wind energy generation and air quality, while the disruption in the case of solar and nuclear electricity generation has been minimal. Moreover, solar energy generation and air pollution both negatively affect each other, implying the need to generate solar power as well as reduce the level of air pollution in Sweden. In light of the above findings, the study discusses possible policy actions the country can take to fulfil its renewable development goals.

ACS Style

Muhammad Ibrahim Shah; Festus Fatai Adedoyin; Dervis Kirikkaleli. An evaluation of the causal effect between air pollution and renewable electricity production in Sweden: Accounting for the effects of COVID ‐19. International Journal of Energy Research 2021, 1 .

AMA Style

Muhammad Ibrahim Shah, Festus Fatai Adedoyin, Dervis Kirikkaleli. An evaluation of the causal effect between air pollution and renewable electricity production in Sweden: Accounting for the effects of COVID ‐19. International Journal of Energy Research. 2021; ():1.

Chicago/Turabian Style

Muhammad Ibrahim Shah; Festus Fatai Adedoyin; Dervis Kirikkaleli. 2021. "An evaluation of the causal effect between air pollution and renewable electricity production in Sweden: Accounting for the effects of COVID ‐19." International Journal of Energy Research , no. : 1.

Research article
Published: 25 June 2021 in Environmental Science and Pollution Research
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The literature analyzing the ecological impacts of financial development (FD) documents mixed results. In addition, very limited researches consider the role of technological innovation in ecological sustainability even though technological innovation is indispensable to achieve technological advancement, which may help in sustainable development and ecological sustainability. Therefore, this work probes the effects of technological innovation, financial development, and economic growth (GDP) on the ecological footprint (EF) controlling urbanization and employing a STIRPAT framework. The analysis of data from West Asia and Middle East nations from 1990 to 2017 revealed cointegration in the model. The long-run coefficients produced by the continuously updated fully modified technique revealed that a 1% upsurge in technological innovation decreases EF by 0.010%. Interestingly, technological innovation is helpful to decrease EF and enhance economic growth in the West Asia and Middle East (WAME) countries. However, a 1% rise in FD boosts the level of EF by 0.0016% inferring that FD stimulates ecological degradation. Likewise, urbanization in the WAME countries raises EF levels and contributes adversely to ecological quality. In addition to this, the study revealed the environmental Kuznets curve hypothesis in the selected countries accounting for technological innovation, FD, and urbanization in the model. The causal analysis provided evidence of unidirectional causality from FD to EF and bidirectional causality between technological innovation and EF. The study recommends more investment in research and development and strong collaboration between the universities and industries to promote the level of technological innovation for both sustainable development and ecological sustainability. In addition, urban sustainability policies are necessary without decreasing the urbanization level.

ACS Style

Shauku Kihombo; Zahoor Ahmed; Songsheng Chen; Tomiwa Sunday Adebayo; Dervis Kirikkaleli. Linking financial development, economic growth, and ecological footprint: what is the role of technological innovation? Environmental Science and Pollution Research 2021, 1 -11.

AMA Style

Shauku Kihombo, Zahoor Ahmed, Songsheng Chen, Tomiwa Sunday Adebayo, Dervis Kirikkaleli. Linking financial development, economic growth, and ecological footprint: what is the role of technological innovation? Environmental Science and Pollution Research. 2021; ():1-11.

Chicago/Turabian Style

Shauku Kihombo; Zahoor Ahmed; Songsheng Chen; Tomiwa Sunday Adebayo; Dervis Kirikkaleli. 2021. "Linking financial development, economic growth, and ecological footprint: what is the role of technological innovation?" Environmental Science and Pollution Research , no. : 1-11.

Journal article
Published: 24 June 2021 in Energy
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Since the role of fiscal decentralization cannot be overlooked in tracking sustainable development goals targets of a clean environment and climate mitigation, it is inevitable to understand the comprehensive picture of its link with environmental quality. Unlike past studies, this study investigates the combined influence of energy prices and non-linear fiscal decentralization on carbon emissions in the presence of institutional quality and gross domestic product in the model. It employed advanced econometric panel techniques on data from 1990 to 2018 for the top seven fiscally decentralized Organisation for Economic Co-operation and Development (OECD) nations, including Spain, Belgium, Austria, Switzerland, Germany, Australia, and Canada. The main outcomes are as follows: first, a cointegrating equilibrium link is existent among the study variables. Second, the linear term of fiscal decentralization promotes carbon emissions, while the non-linear term mitigates it. It verified the inverted U-shaped curve between fiscal decentralization and carbon emissions. Third, increasing energy prices for non-renewable energy decrease carbon emission due to a substitution effect. Among other explanatory variables, improvement in the quality of institutions decreases carbon emissions, while the gross domestic product increases it. These findings suggest strengthening fiscal decentralization, lowering non-renewable energy prices, and improving institutional quality to check the deteriorating environmental quality in the study sample and other worldwide regions.

ACS Style

Shan Shan; Munir Ahmad; Zhixiong Tan; Tomiwa Sunday Adebayo; Rita Yi Man Li; Dervis Kirikkaleli. The role of energy prices and non-linear fiscal decentralization in limiting carbon emissions: Tracking environmental sustainability. Energy 2021, 234, 121243 .

AMA Style

Shan Shan, Munir Ahmad, Zhixiong Tan, Tomiwa Sunday Adebayo, Rita Yi Man Li, Dervis Kirikkaleli. The role of energy prices and non-linear fiscal decentralization in limiting carbon emissions: Tracking environmental sustainability. Energy. 2021; 234 ():121243.

Chicago/Turabian Style

Shan Shan; Munir Ahmad; Zhixiong Tan; Tomiwa Sunday Adebayo; Rita Yi Man Li; Dervis Kirikkaleli. 2021. "The role of energy prices and non-linear fiscal decentralization in limiting carbon emissions: Tracking environmental sustainability." Energy 234, no. : 121243.

Research article
Published: 13 June 2021 in Environmental Science and Pollution Research
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The importance of environmental sustainability to all human aspects has been spiking as the world keeps evolving. Economies around the world are on the move to ensure sustainable economic development and a clean atmosphere through the use of renewable energy sources. Since the end of the nineteenth century, it is recognized that a global mean sea level rise speed about 1.7 ± 0.2 mm/year, but the rate has increased to 3.2 ± 0.4 mm/year. In this study, we investigated the dynamic linkage between average temperature and sea level within the global framework covering 1881 to 2013. The paper employs wavelet analysis to investigate the short-term and long-run causal links between global average temperature anomalies and global sea level. In this respect, our findings indicate that (i) a significant vulnerability in global average temperature and sea level is observed over the selected study period; (ii) global average temperature has considerable power for predicting sea level, particularly in the long-term. The causality test revealed a bi-directional causal relationship between global average temperature and sea level and unidirectional flow from global average temperature to sea level. And the study confirms the “conservation hypothesis,” and it has long-run implications for environmental quality. Thus, minimizing global average temperature anomalies is a decisive ingredient for minimizing sea level rise. Based on these outcomes, both developed and developing countries’ policymakers should support the Paris agreement (COP21) agreement to control CO2 emissions growth. Policymakers should encourage the usage of environmentally friendly energy sources that will enhance environmental quality and hold the increase in global average temperature below 1.5 °C.

ACS Style

Dervis Kirikkaleli; James Karmoh Sowah. Time-frequency dependency of temperature and sea level: a global perspective. Environmental Science and Pollution Research 2021, 1 -12.

AMA Style

Dervis Kirikkaleli, James Karmoh Sowah. Time-frequency dependency of temperature and sea level: a global perspective. Environmental Science and Pollution Research. 2021; ():1-12.

Chicago/Turabian Style

Dervis Kirikkaleli; James Karmoh Sowah. 2021. "Time-frequency dependency of temperature and sea level: a global perspective." Environmental Science and Pollution Research , no. : 1-12.

Journal article
Published: 12 June 2021 in Journal of Environmental Management
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Since the Paris Agreement, countries around the globe have been striving to achieve their carbon neutrality targets. However, because China has one of the largest economies in the world, to achieve its targeted carbon neutrality, the roles of foreign direct investment (FDI), technological innovation (TI), and trade are crucial. Therefore, this study aims to introduce the level of trade, renewable energy consumption (REC), and FDI from the years 1995–2017 as new determinants in promoting a sustainable environment in China. The study employs advanced panel methods based on slope homogeneity and a cross-sectional dependence test. The results confirm a cointegration relationship for all models in this study, suggesting that gross domestic product and FDI positively affect carbon emissions. By contrast, foreign trade, REC, and TI are inversely associated with carbon emissions. Moreover, according to Chinese provincial data, the joint term for FDI with REC and TI is negatively associated with carbon emissions. The policy implications of this study suggest that to achieve sustainable FDI, TI should be encouraged to mitigate the pollution caused by FDI. There is a dire need to implement green practices and eco-friendly policies at a national scale.

ACS Style

Xiaowei Liu; Salman Wahab; Mumtaz Hussain; Yi Sun; Dervis Kirikkaleli. China carbon neutrality target: Revisiting FDI-trade-innovation nexus with carbon emissions. Journal of Environmental Management 2021, 294, 113043 .

AMA Style

Xiaowei Liu, Salman Wahab, Mumtaz Hussain, Yi Sun, Dervis Kirikkaleli. China carbon neutrality target: Revisiting FDI-trade-innovation nexus with carbon emissions. Journal of Environmental Management. 2021; 294 ():113043.

Chicago/Turabian Style

Xiaowei Liu; Salman Wahab; Mumtaz Hussain; Yi Sun; Dervis Kirikkaleli. 2021. "China carbon neutrality target: Revisiting FDI-trade-innovation nexus with carbon emissions." Journal of Environmental Management 294, no. : 113043.

Research article
Published: 22 May 2021 in Sustainable Development
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On the role of financial inclusion in terms of promoting a sustainable environment, very limited number of studies are available in the existing literature. These studies do not directly address or link financial inclusion with carbon dioxide emissions. Therefore, this study aims to specifically investigate the effects of financial inclusion on carbon dioxide emissions along with the role of globalization and renewable electricity generation for the case of the emerging seven economies over the 2004–2016 period. This study uses panel quantile regression analysis for estimations, which takes into account the non-normality issue of the data. The long-run relationships among carbon dioxide emissions, financial inclusion, renewable electricity generation, globalization, and economic growth are confirmed by Kao and Johansen panel cointegration tests. Besides, the results from quantile regression analysis confirmed that financial inclusion is linked with carbon dioxide emission reductions at the 25th and 50th quantiles; however, it cannot explain the variations in the carbon dioxide emission levels at the 75th and 95th quantiles. Moreover, globalization and renewable energy electricity are found to curb carbon dioxide emissions at all quantiles. Further, the results confirmed the EKC hypothesis for E7 countries at all the quantiles. In line with these findings, this study recommends enhancing financial inclusivity, promoting globalization, elevating renewable electricity generation capacities, and ensuring greener economic growth to lower down the carbon dioxide emission levels across the E7 countries.

ACS Style

Lingui Qin; Syed Raheem; Muntasir Murshed; Xu Miao; Zeeshan Khan; Dervis Kirikkaleli. Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output. Sustainable Development 2021, 1 .

AMA Style

Lingui Qin, Syed Raheem, Muntasir Murshed, Xu Miao, Zeeshan Khan, Dervis Kirikkaleli. Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output. Sustainable Development. 2021; ():1.

Chicago/Turabian Style

Lingui Qin; Syed Raheem; Muntasir Murshed; Xu Miao; Zeeshan Khan; Dervis Kirikkaleli. 2021. "Does financial inclusion limit carbon dioxide emissions? Analyzing the role of globalization and renewable electricity output." Sustainable Development , no. : 1.

Research article
Published: 18 May 2021 in Environmental Science and Pollution Research
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This research investigates the drivers of consumption-based carbon emissions in Brazil by using a dataset covering the period between 1990 and 2018. These dynamics were examined by employing the ARDL bounds, DOLS, and gradual shift causality tests. The ARDL long- and short-run estimation outcomes reveal that: (a) renewable energy use stimulates the sustainability of the environment; (b) economic growth increases environmental degradation; and (c) technological innovation enhances the quality of the environment. In addition, the gradual shift causality test results disclosed that renewable energy consumption, economic growth, technological innovation and public-private partnership investment in energy can predict consumption-based carbon emissions in Brazil. Therefore, Brazilian policymakers should actively encourage the R&D of low-carbon technologies and renewable energy consumption. Domestic consumption levels, on the other hand, should be targeted, specifically those that are more energy-intensive and cause a rise in CO2 emissions due to consumption.

ACS Style

Tomiwa Sunday Adebayo; Festus Fatai Adedoyin; Dervis Kirikkaleli. Toward a sustainable environment: nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil. Environmental Science and Pollution Research 2021, 1 -11.

AMA Style

Tomiwa Sunday Adebayo, Festus Fatai Adedoyin, Dervis Kirikkaleli. Toward a sustainable environment: nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil. Environmental Science and Pollution Research. 2021; ():1-11.

Chicago/Turabian Style

Tomiwa Sunday Adebayo; Festus Fatai Adedoyin; Dervis Kirikkaleli. 2021. "Toward a sustainable environment: nexus between consumption-based carbon emissions, economic growth, renewable energy and technological innovation in Brazil." Environmental Science and Pollution Research , no. : 1-11.

Journal article
Published: 10 May 2021 in Renewable Energy
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Denmark has achieved remarkable success in renewable energy generation over the last several decades. However, the country's goals of meeting its 50% energy demand from renewable by 2030 and becoming independent of fossil fuel by 2050 are currently in jeopardy due to the COVID-19 pandemic, which emerged at the end of December 2019 in the Chinese city of Wuhan. This study, therefore, tries to see how COVID-19 affects renewable electricity generation in Denmark using the advanced econometric framework. Several nonlinear estimation techniques such as Fourier ADL cointegration analysis and Markov Switching regression are used to estimate the relationship between the three channels of COVID-19 and renewable electricity generation. The result from the Markov Switching regression reveals that renewable electricity production in Denmark is adversely affected by the enforced lockdown as captured via the stringency index, economic support provided to tackle the pandemic, and daily confirmed deaths of COVID-19. Moreover, the causality test shows that the stringency index and daily confirmed deaths of COVID-19 are important predictors of renewable electricity, but the economic support index has weak causality with renewable electricity. The study finally presents some crucial policy suggestions for Denmark which can help the country achieve its renewable production goals.

ACS Style

Muhammad Ibrahim Shah; Dervis Kirikkaleli; Festus Fatai Adedoyin. Regime switching effect of COVID-19 pandemic on renewable electricity generation in Denmark. Renewable Energy 2021, 175, 797 -806.

AMA Style

Muhammad Ibrahim Shah, Dervis Kirikkaleli, Festus Fatai Adedoyin. Regime switching effect of COVID-19 pandemic on renewable electricity generation in Denmark. Renewable Energy. 2021; 175 ():797-806.

Chicago/Turabian Style

Muhammad Ibrahim Shah; Dervis Kirikkaleli; Festus Fatai Adedoyin. 2021. "Regime switching effect of COVID-19 pandemic on renewable electricity generation in Denmark." Renewable Energy 175, no. : 797-806.

Journal article
Published: 06 May 2021 in Future Business Journal
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This study explores the nexus between foreign aid and Chad's economic growth. Empirical evidence is based on annual data from 1982 to 2018. The study used ARDL, FMOLS, and DOLS techniques to establish interconnection among the economic indicators. Subsequently, the study utilized the wavelet coherence technique to capture causality and correlation between economic growth and the independent variables. One of the wavelet approach's uniqueness is that it shows the pattern and behavior of the variables used, including the different time horizons. Thus, we explore the dynamic influence of gross capital formation, foreign aid, import, and export on Chad's economic growth. The result of the ARDL long-run estimates reveals that gross capital formation and foreign aid exert insignificant impact on GDP growth. However, exports and imports exert a positive and significant impact on GDP growth. Furthermore, the global financial crisis has a negative and significant impact on the economy of Chad. The outcomes of the wavelet coherence test provide supportive evidence for the ARDL long-run outcomes. Hence, we suggested that substantial macroeconomic reforms and economic liberalization initiatives will help in the dissemination of information and promote domestic investment and importation of high-tech goods.

ACS Style

Dervis Kirikkaleli; Ibrahim Adeshola; Tomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi. Do foreign aid triggers economic growth in Chad? A time series analysis. Future Business Journal 2021, 7, 1 -17.

AMA Style

Dervis Kirikkaleli, Ibrahim Adeshola, Tomiwa Sunday Adebayo, Abraham Ayobamiji Awosusi. Do foreign aid triggers economic growth in Chad? A time series analysis. Future Business Journal. 2021; 7 (1):1-17.

Chicago/Turabian Style

Dervis Kirikkaleli; Ibrahim Adeshola; Tomiwa Sunday Adebayo; Abraham Ayobamiji Awosusi. 2021. "Do foreign aid triggers economic growth in Chad? A time series analysis." Future Business Journal 7, no. 1: 1-17.

Research article
Published: 01 May 2021 in Environmental Science and Pollution Research
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This study provides new insight by introducing the role of fiscal decentralization and natural resources rent in affecting CO2 emissions. For assessing this objective, this paper use panel data from seven highly fiscal decentralized Organization for Economic Cooperation and Development (OECD) countries from 1990 to 2018. For empirical analysis, we use the Westerlund test and cross-sectional autoregressive distributive lag model. In order to ascertain the integration order of variables, the study utilizes the Pesaran second-generation unit-root test. The findings reveal that all the variables are stationary at first difference. The long-run results confirm that fiscal decentralization and natural resources rent improve the atmosphere by reducing CO2 emissions. Moreover, gross domestic product and total natural resources rent increase, while improvement in institutional quality reduces CO2 emissions. For policy implication, this study recommends that transferring the power to the local governments will further reduce CO2 emissions and shift these countries to more environmentally friendly sources.

ACS Style

Muhammad Tufail; Lin Song; Tomiwa Sunday Adebayo; Dervis Kirikkaleli; Suliman Khan. Do fiscal decentralization and natural resources rent curb carbon emissions? Evidence from developed countries. Environmental Science and Pollution Research 2021, 1 -12.

AMA Style

Muhammad Tufail, Lin Song, Tomiwa Sunday Adebayo, Dervis Kirikkaleli, Suliman Khan. Do fiscal decentralization and natural resources rent curb carbon emissions? Evidence from developed countries. Environmental Science and Pollution Research. 2021; ():1-12.

Chicago/Turabian Style

Muhammad Tufail; Lin Song; Tomiwa Sunday Adebayo; Dervis Kirikkaleli; Suliman Khan. 2021. "Do fiscal decentralization and natural resources rent curb carbon emissions? Evidence from developed countries." Environmental Science and Pollution Research , no. : 1-12.

Journal article
Published: 30 April 2021 in Sustainability
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It is widely accepted that CO2 emissions are the primary cause of climate change and environmental destruction. China, the world’s biggest carbon emitter, is the subject of this research. Utilizing the wavelet tools (wavelet correlation, wavelet coherence, multiple wavelet coherence, and partial wavelet coherence), the present study intends to capture the time-frequency dependence between CO2 emissions and renewable energy, economic growth, trade openness, and energy usage in China between 1965 and 2019. The advantage of the wavelet tools is that they can differentiate between short, medium, and long-run dynamics over the period of study. Furthermore, the study utilized the gradual shift causality test to capture the causal interconnection between CO2 emissions and the regressors. The findings from Bayer and Hanck showed a long-run relationship among the variables of interest. Furthermore, the findings from the wavelet coherence test revealed a positive relationship between CO2 emissions and economic growth and energy usage at all frequencies. Although there is a weak negative relationship between renewable energy and CO2 emissions in the short run, there is no significant co-movement between CO2 emissions and trade openness. The outcomes of the partial and multiple wavelet coherence also give credence to the outcomes of the wavelet coherence test. Lastly, the gradual shift causality test revealed a one-way causality from energy usage and economic growth to CO2 emissions. Based on the findings, suitable policy suggestions were proposed.

ACS Style

Özgür Soylu; Tomiwa Adebayo; Dervis Kirikkaleli. The Imperativeness of Environmental Quality in China Amidst Renewable Energy Consumption and Trade Openness. Sustainability 2021, 13, 5054 .

AMA Style

Özgür Soylu, Tomiwa Adebayo, Dervis Kirikkaleli. The Imperativeness of Environmental Quality in China Amidst Renewable Energy Consumption and Trade Openness. Sustainability. 2021; 13 (9):5054.

Chicago/Turabian Style

Özgür Soylu; Tomiwa Adebayo; Dervis Kirikkaleli. 2021. "The Imperativeness of Environmental Quality in China Amidst Renewable Energy Consumption and Trade Openness." Sustainability 13, no. 9: 5054.

Journal article
Published: 28 April 2021 in Current World Environment
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Human activities have been changing the Earth's cover at an unparalleled scale. In this regard, and cover mapping is a decisive advantage for several kinds of research. Also, the outcomes from these investigations could be applied to plan a sustainable regional governance policy. This article studied land-use changes in the Turkish Territories in 1990, 2000, 2012, and 2018 using the Coordination of Information on the Environment (CORINE) data. The results showed a significant and gradual land-use change from agricultural to mostly artificial surfaces. The majority of land-use changes are related to industrial and commercial units and construction sites. The most degraded agricultural land uses are non-irrigated arable land and pastures, while there is an increasing trend in permanently irrigated land. This study's outcome can be considered a surveying baseline for the comparative analysis of similar works for different land-use change trends in Europe or worldwide. Landuse change studies are reliable tools to evaluate the human activities and footprint of proposed strategies and policies in a territory. This article also enables us to understand that Turkey's decisive actors should design development policies to encourage industrial investments and agricultural ventures in Turkey and adapt the land-use/land cover strategies to mitigate agricultural land fragmentation.

ACS Style

Sema Yılmaz Genç; Arian Behradfar; Rui Alexandre Castanho; Derviş Kırıkkaleli; José Manuel Naranjo Gómez; Luís Loures. Land Use Changes in Turkish Territories: Patterns, Directions and Socio-Economic Impacts on Territorial Management. Current World Environment 2021, 16, 105 -122.

AMA Style

Sema Yılmaz Genç, Arian Behradfar, Rui Alexandre Castanho, Derviş Kırıkkaleli, José Manuel Naranjo Gómez, Luís Loures. Land Use Changes in Turkish Territories: Patterns, Directions and Socio-Economic Impacts on Territorial Management. Current World Environment. 2021; 16 (1):105-122.

Chicago/Turabian Style

Sema Yılmaz Genç; Arian Behradfar; Rui Alexandre Castanho; Derviş Kırıkkaleli; José Manuel Naranjo Gómez; Luís Loures. 2021. "Land Use Changes in Turkish Territories: Patterns, Directions and Socio-Economic Impacts on Territorial Management." Current World Environment 16, no. 1: 105-122.