Title: Ecological footprint, economic growth and technological change in Turkey: evidence from Bayer-Hanck combined co-integration approach

Authors: Onur Özdemir; Sedef Çevikalp

Addresses: Department of International Trade and Finance, Istanbul Gelisim University, Istanbul, Turkey ' Department of International Trade and Finance, Istanbul Gelisim University, Istanbul, Turkey

Abstract: This study investigates the tripartite relationship between ecological footprint, economic growth, and technological change in Turkey over the 1961-2017 period. The sample is divided into three periods as 1961-1989 (i.e., pre-liberalisation era), 1990-2017 (i.e., post-liberalisation era), and 1961-2017 (i.e., full-sample era) to grasp the structural transformation of socio-economic framework in Turkey. The econometric analysis is based on the combined co-integration test developed by Bayer and Hanck in 2013 to detect whether the series are co-integrated or not. The empirical findings show that the series are highly co-integrated in terms of different estimated models and each selected period. The estimation results also indicate that there is a long-run linkage among the series. In other words, each indicator has an economic meaning to contribute to their changes over the long-run period.

Keywords: ecological footprint; economic growth; technological change; structural break; Bayer-Hanck combined co-integration approach.

DOI: 10.1504/IJGE.2021.119917

International Journal of Green Economics, 2021 Vol.15 No.2, pp.127 - 148

Received: 06 Mar 2021
Accepted: 22 Jul 2021
Published online: 23 Dec 2021 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article