Investigation of the effect of natural resource dependence on environmental sustainability under the novel load capacity curve hypothesis

References

• Adebayo TS, Ullah S, Kartal MT, Ali K, Pata UK, Ağa M. 2023. Endorsing sustainable development in BRICS: the role of technological innovation, renewable energy consumption, and natural resources in limiting carbon emission. Sci Total Environ. 859:160181. doi: 10.1016/j.scitotenv.2022.160181.
   PubMed Web of Science ®Google Scholar
• Agozie DQ, Gyamfi BA, Bekun FV, Ozturk I, Taha A. 2022. Environmental Kuznets curve hypothesis from lens of economic complexity index for BRICS: evidence from second generation panel analysis. Sustain Ener Technol Assess. 53:102597. doi: 10.1016/j.seta.2022.102597.
   Web of Science ®Google Scholar
• Ahmed Z, Asghar MM, Malik MN, Nawaz K. 2020. Moving towards a sustainable environment: the dynamic linkage between natural resources, human capital, urbanization, economic growth, and ecological footprint in China. Resour Policy. 67:101677. doi: 10.1016/j.resourpol.2020.101677.
   Web of Science ®Google Scholar
• Akadiri SS, Adebayo TS, Riti JS, Awosusi AA, Inusa EM. 2022. The effect of financial globalization and natural resource rent on load capacity factor in India: an analysis using the dual adjustment approach. Environ Sci Pol Res. 29(59):89045–89062. doi: 10.1007/s11356-022-22012-0.
   PubMed Web of Science ®Google Scholar
• Alam MS, Adebayo TS, Said RR, Alam N, Magazzino C, Khan U. 2022. Asymmetric impacts of natural gas consumption on renewable energy and economic growth in Kingdom of Saudi Arabia and the United Arab Emirates. Energy & Environ. 0958305X2211405. doi: 10.1177/0958305X221140580. 0958305X221140580.
   Web of Science ®Google Scholar
• Alexeev M, Chernyavskiy A. 2015. Taxation of natural resources and economic growth in Russia’s regions. Eco Sys. 39(2):317–338. doi: 10.1016/j.ecosys.2014.10.007.
   Web of Science ®Google Scholar
• Amer EAAA, Meyad EMA, Gao Y, Niu X, Chen N, Xu H, Zhang D. 2022. Exploring the link between natural resources, urbanization, human capital, and ecological footprint: a case of GCC countries. Ecol Indic. 144(March):109556. doi: 10.1016/j.ecolind.2022.109556.
   Google Scholar
• Bekun FV, Alola AA, Sarkodie SA. 2019. Toward a sustainable environment: nexus between CO2 emissions, resource rent, renewable and nonrenewable energy in 16-EU countries. Sci Total Environ. 657:1023–1029. doi: 10.1016/j.scitotenv.2018.12.104.
   PubMed Web of Science ®Google Scholar
• [British Petroleum BP]. 2022. British petroleum statistical review of world energy 2022 71st edition. [Accessed 2023 Jun 31]. https://www.bp.com/content/dam/bp/business-sites/en/global/corporate/pdfs/energy-economics/statistical-review/bp-stats-review-2022-full-report.pdf
   Google Scholar
• Caglar AE, Daştan M, Mehmood U, Avci SB. 2023. Assessing the connection between competitive industrial performance on load capacity factor within the LCC framework: implications for sustainable policy in BRICS economies. Environ Sci Pollut Res. 1–18. doi: 10.1007/s11356-023-29178-1.
   Google Scholar
• Caglar AE, Daştan M, Rej S. 2023. A new look at China’s environmental quality: how does environmental sustainability respond to the asymmetrical behavior of the competitive industrial sector? Int J Sustain Dev World Ecol. 1–13. doi: 10.1080/13504509.2023.2248584.
   Web of Science ®Google Scholar
• Caglar AE, Guloglu B, Gedikli A. 2022. Moving towards sustainable environmental development for BRICS: investigating the asymmetric effect of natural resources on CO2. Sustain Dev. 30(5):1313–1325. doi: 10.1002/sd.2318.
   Web of Science ®Google Scholar
• [CAT] Climate Action Tracker. 2023. Russian Federation. [Accessed 2023 Jul 12]. https://climateactiontracker.org/countries/russian-federation/
   Google Scholar
• Climate Watch. 2023. Climate watch data for Russia. [Accessed 2023 Jul 5]. https://www.climatewatchdata.org/countries/rus?end_year=2020&start_year=1990
   Google Scholar
• Danish HS, Baloch MA, Mahmood N, Zhang JW, Zhang J. 2019. Linking economic growth and ecological footprint through human capital and biocapacity. Sustain Cities Soc. 47:101516. doi: 10.1016/j.scs.2019.101516.
   Web of Science ®Google Scholar
• Danish UR, Khan SUD, Khan SUD. 2020. Determinants of the ecological footprint: role of renewable energy, natural resources, and urbanization. Sustain Cities Soc. 54(August 2019):101996. doi: 10.1016/j.scs.2019.101996.
   Google Scholar
• Destek MA. 2021. Deindustrialization, reindustrialization and environmental degradation: Evidence from ecological footprint of Turkey. J Clean Prod. 296:126612. doi: 10.1016/j.jclepro.2021.126612.
   Web of Science ®Google Scholar
• Destek MA, Hossain MR, Khan Z. 2023. Premature Deindustrialization and Environmental Degradation. Gondwana Res. doi: 10.1016/j.gr.2023.06.006.
   Web of Science ®Google Scholar
• Dogan A, Pata UK. 2022. The role of ICT, R&D spending and renewable energy consumption on environmental quality: testing the LCC hypothesis for G7 countries. J Clean Prod. 380:135038. doi: 10.1016/j.jclepro.2022.135038.
   Web of Science ®Google Scholar
• Du Q, Wu N, Zhang F, Lei Y, Saeed A. 2022. Impact of financial inclusion and human capital on environmental quality: evidence from emerging economies. Environ Sci Pollut Res. 29(22):33033–33045. doi: 10.1007/s11356-021-17945-x.
   PubMed Web of Science ®Google Scholar
• Enders W, Jones P. 2016. Grain prices, oil prices, and multiple smooth breaks in a VAR. Stud Nonlinear Dyn Econ. 20(4):399–419. doi: 10.1515/snde-2014-0101.
   Web of Science ®Google Scholar
• Enders W, Lee J. 2012. A unit root test using a Fourier series to approximate smooth breaks. Oxf Bull Econ Stat. 74(4):574–599. doi: 10.1111/j.1468-0084.2011.00662.x.
   Web of Science ®Google Scholar
• Erdoğan S, Yıldırım DÇ, Gedikli A. 2020. Natural resource abundance, financial development and economic growth: an investigation on next-11 countries. Resour Policy. 65:101559. doi: 10.1016/j.resourpol.2019.101559.
   Web of Science ®Google Scholar
• Fareed Z, Salem S, Adebayo TS, Pata UK, Shahzad F. 2021. Role of export diversification and renewable energy on the load capacity factor in Indonesia: a Fourier quantile causality approach. Front Environ Sci. 9(October):1–9. doi: 10.3389/fenvs.2021.770152.
   Google Scholar
• Feenstra RC, Inklaar R, Timmer MP. 2015. The next generation of the penn world table. Am Econ Rev. 105(10):3150–3182. doi: 10.1257/aer.20130954.
   Web of Science ®Google Scholar
• Ganda F. 2022. The nexus of financial development, natural resource rents, technological innovation, foreign direct investment, energy consumption, human capital, and trade on environmental degradation in the new BRICS economies. Environ Sci Pollut Res. 29(49):74442–74457. doi: 10.1007/s11356-022-20976-7.
   PubMed Web of Science ®Google Scholar
• [GFN] Global Footprint Network. 2023. World footprint accounts. [Accessed 2023 Jun 24] https://data.footprintnetwork.org/?_ga=2.133565902.1160030786.1611397568-2001035722.1611397568#/countrytrends?cn=185&type=bcpc,efcpc
   Google Scholar
• Grossman GM, Krueger AB. 1991. Environmental impacts of a north American free trade agreement. Natl Bur Econ Res. 3914.
   Google Scholar
• Guloglu B, Caglar AE, Pata UK. 2023. Analyzing the determinants of the load capacity factor in OECD countries: evidence from advanced quantile panel data methods. Gondwana Res. 118:92–104. doi: 10.1016/j.gr.2023.02.013.
   Web of Science ®Google Scholar
• Gurbanov S, Mikayilov JI, Mukhtarov S, Yagubov S. 2023. Forecasting 2030 CO2 reduction targets for Russia as a major emitter using different estimation scenarios. J Appl Econ. 26(1):2146861. doi: 10.1080/15140326.2022.2146861.
   Web of Science ®Google Scholar
• Hakkak M, Altintaş N, Hakkak S. 2023. Exploring the relationship between nuclear and renewable energy usage, ecological footprint, and load capacity factor: a study of the Russian Federation testing the EKC and LCC hypothesis. Renew Energy Focus. 46:356–366. doi: 10.1016/j.ref.2023.07.005.
   Google Scholar
• Hao Y, Chen P, Li X. 2022. Testing the environmental kuznets curve hypothesis: the dynamic impact of nuclear energy on environmental sustainability in the context of economic globalization. Energy Strategy Rev. 44(July):100970. doi: 10.1016/j.esr.2022.100970.
   Google Scholar
• Hashmi NI, Alam N, Jahanger A, Yasin I, Murshed M, Khudoykulov K. 2023. Can financial globalization and good governance help turning emerging economies carbon neutral? Evidence from members of the BRICS-T. Environ Sci Pollut Res. 30(14):39826–39841. doi: 10.1007/s11356-022-25060-8.
   PubMed Web of Science ®Google Scholar
• Hassan TS, Xia E, Lee CC. 2021. Mitigation pathways impact of climate change and improving sustainable development: the roles of natural resources, income, and CO2 emission. Energy Environ. 32(2):338–363. doi: 10.1177/0958305X20932550.
   Web of Science ®Google Scholar
• Huang Y, Haseeb M, Usman M, Ozturk I. 2022. Dynamic association between ICT, renewable energy, economic complexity and ecological footprint: is there any difference between E-7 (developing) and G-7 (developed) countries? Technol Soc. 68(August 2021):101853. doi: 10.1016/j.techsoc.2021.101853.
   Google Scholar
• Huang Y, Villanthenkodath MA, Haseeb M. 2023. The nexus between eco‐friendly technology and environmental degradation in India: does the N or inverted N‐shape load capacity curve (LCC) hypothesis hold? In: Natural resources forum. Oxford, UK: Blackwell Publishing Ltd. doi:10.1111/1477-8947.12281.
   Google Scholar
• Huilan W, Akadiri SS, Haouas I, Awosusi AA, Odu AT. 2022. Impact of trade liberalization and renewable energy on load capacity factor: evidence from novel dual adjustment approach. Energy Environ. 1–20. doi: 10.1177/0958305X221137559.
   Web of Science ®Google Scholar
• [IPCC] Intergovernmental Panel on Climate Change. 2023. Synthesis report of the IPCC sixth assessment report (AR6). [Accessed 2023 Jun 20] https://www.ipcc.ch/report/ar6/syr/downloads/report/ipcc_ar6_syr_longerreport.pdf
   Google Scholar
• Jahanger A, Awan A, Anwar A, Adebayo TS. 2023. Greening the Brazil, Russia, India, China and South Africa (BRICS) economies: assessing the impact of electricity consumption, natural resources, and renewable energy on environmental footprint. Nat Resour Forum. 47(3):484–503. doi: 10.1111/1477-8947.12294.
   Web of Science ®Google Scholar
• Jiang Q, Rahman ZU, Zhang X, Guo Z, Xie Q. 2022. An assessment of the impact of natural resources, energy, institutional quality, and financial development on CO2 emissions: Evidence from the B&R nations. Resour Policy. 76:102716. doi: 10.1016/j.resourpol.2022.102716.
   Web of Science ®Google Scholar
• Ketenci N. 2018. The environmental Kuznets curve in the case of Russia. Russian J Eco. 4(3):249–265. doi: 10.3897/j.ruje.4.28482.
   Google Scholar
• Khan A, Muhammad F, Chenggang Y, Hussain J, Bano S, Khan MA. 2020. The impression of technological innovations and natural resources in energy-growth-environment nexus: a new look into BRICS economies. Sci Total Environ. 727:138265. doi: 10.1016/j.scitotenv.2020.138265.
   PubMed Web of Science ®Google Scholar
• Kilinc-Ata N, Likhachev VL. 2022. Validation of the environmental Kuznets curve hypothesis and role of carbon emission policies in the case of Russian Federation. Environ Sci Pollut Res. 29(42):63407–63422. doi: 10.1007/S11356-022-20316-9.
   PubMed Web of Science ®Google Scholar
• Li R, Jiang R. 2019. Is carbon emission decline caused by economic decline? Empirical evidence from Russia. Energy Environ. 30(4):672–684. doi: 10.1177/0958305X18802786.
   Web of Science ®Google Scholar
• Li X, Ullah S. 2022. Caring for the environment: how CO2 emissions respond to human capital in BRICS economies? Environ Sci Pol Res. 29(12):18036–18046. doi: 10.1007/s11356-021-17025-0.
   PubMed Web of Science ®Google Scholar
• Magazzino C. 2023. Ecological footprint, electricity consumption, and economic growth in China: geopolitical risk and natural resources governance. Empir Econ. 1–25. doi: 10.1007/s00181-023-02460-4.
   Web of Science ®Google Scholar
• Magazzino C, Mele M. 2022. A new machine learning algorithm to explore the CO2 emissions-energy use-economic growth trilemma. Ann Oper Res. 1–19. doi: 10.1007/s10479-022-04787-0.
   Web of Science ®Google Scholar
• Magazzino C, Mele M, Drago C, Kuşkaya S, Pozzi C, Monarca U. 2023. The trilemma among CO2 emissions, energy use, and economic growth in Russia. Sci Rep. 13(1):10225. doi: 10.1038/s41598-023-37251-5.
   PubMed Web of Science ®Google Scholar
• Mehmood U. 2022. Environmental degradation and financial development: do institutional quality and human capital make a difference in G11 nations? Environ Sci Pol Res. 29(25):38017–38025. doi: 10.1007/s11356-022-18825-8.
   PubMed Web of Science ®Google Scholar
• Monitor C. 2023. World electricity generation. [Accessed 2023 Jul 3]. https://power.carbonmonitor.org
   Google Scholar
• Naseem S, Mohsin M, Zia-UR-Rehman M, Baig SA, Sarfraz M. 2022. The influence of energy consumption and economic growth on environmental degradation in BRICS countries: an application of the ARDL model and decoupling index. Environ Sci Pol Res. 29(9):13042–13055. doi: 10.1007/s11356-021-16533-3.
   PubMed Web of Science ®Google Scholar
• Nasir MA, Canh NP, Lan Le TN. 2021. Environmental degradation & role of financialisation, economic development, industrialisation and trade liberalisation. J Environ Manage. 277(September 2020):111471. doi: 10.1016/j.jenvman.2020.111471.
   PubMedGoogle Scholar
• Nathaniel SP, Yalçiner K, Bekun FV. 2021. Assessing the environmental sustainability corridor: linking natural resources, renewable energy, human capital, and ecological footprint in BRICS. Resour Policy. 70:101924. doi: 10.1016/j.resourpol.2020.101924.
   Web of Science ®Google Scholar
• Nem Singh J. 2019. Natural resources. In: Shaw TM, Mahrenbach LC, Modi R Yi-Chong X, editors. The Palgrave handbook of contemporary international political economy. Palgrave Handbooks in IPE. London: Palgrave Macmillan. doi:10.1057/978-1-137-45443-0_33.
   Google Scholar
• Ni Z, Yang J, Razzaq A. 2022. How do natural resources, digitalization, and institutional governance contribute to ecological sustainability through load capacity factors in highly resource-consuming economies? Resour Policy. 79(November):103068. doi: 10.1016/j.resourpol.2022.103068.
   Google Scholar
• Ojekemi OS, Ağa M, Magazzino C. 2023. Towards achieving sustainability in the BRICS economies: the role of renewable energy consumption and economic risk. Energies. 16(14):5287. doi: 10.3390/en16145287.
   Web of Science ®Google Scholar
• Pao HT, Yu HC, Yang YH. 2011. Modeling the CO2 emissions, energy use, and economic growth in Russia. Energy. 36(8):5094–5100. doi: 10.1016/j.energy.2011.06.004.
   Web of Science ®Google Scholar
• Pata UK. 2021. Do renewable energy and health expenditures improve load capacity factor in the USA and Japan? A new approach to environmental issues. Eur J Health Econ. 22(9):1427–1439. doi: 10.1007/s10198-021-01321-0.
   PubMed Web of Science ®Google Scholar
• Pata UK, Kartal MT. 2023. Impact of nuclear and renewable energy sources on environment quality: testing the EKC and LCC hypotheses for South Korea. Nucl Eng Technol. 55(2):587–594. doi: 10.1016/j.net.2022.10.027.
   Web of Science ®Google Scholar
• Rees WE. 1992. Ecological footprints and appropriated carrying capacity: what urban economics leaves out. Environ Urban. 4(2):121–130. doi: 10.1177/095624789200400212.
   Google Scholar
• Sarkodie SA, Adams S, Owusu PA, Leirvik T, Ozturk I. 2020. Mitigating degradation and emissions in China: the role of environmental sustainability, human capital and renewable energy. Sci Total Environ. 719:137530. doi: 10.1016/j.scitotenv.2020.137530.
   PubMed Web of Science ®Google Scholar
• Shahbaz M, Nasir MA, Roubaud D. 2018. Environmental degradation in France: the effects of FDI, financial development, and energy innovations. Energy Econo. 74:843–857. doi: 10.1016/j.eneco.2018.07.020.
   Web of Science ®Google Scholar
• Shin Y, Yu B, Greenwood-Nimmo M. 2014. Modelling asymmetric cointegration and dynamic multipliers in a nonlinear ARDL framework. Festschrift In Honor Of Peter Schmidt. 281–314. doi: 10.1007/978-1-4899-8008-3_9.
   Google Scholar
• Siche R, Pereira L, Agostinho F, Ortega E. 2010. Convergence of ecological footprint and emergy analysis as a sustainability indicator of countries: Peru as case study. Commun Nonlinear Sci Numer Simul. 15(10):3182–3192. doi: 10.1016/j.cnsns.2009.10.027.
   Web of Science ®Google Scholar
• Sinha A, Mishra S, Sharif A, Yarovaya L. 2021. Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling. J Environ Manage. 292:112751. doi: 10.1016/j.jenvman.2021.112751.
   PubMed Web of Science ®Google Scholar
• Sun Y, Bao Q, Siao-Yun W, Islam M, Razzaq A. 2022. Renewable energy transition and environmental sustainability through economic complexity in BRICS countries: fresh insights from novel method of moments quantile regression. Renewable Energy. 184:1165–1176. doi: 10.1016/j.renene.2021.12.003.
   Web of Science ®Google Scholar
• Ullah S, Luo R, Adebayo TS, Kartal MT. 2023. Paving the ways toward sustainable development: the asymmetric effect of economic complexity, renewable electricity, and foreign direct investment on the environmental sustainability in BRICS-T. Environ Dev Sustain. 0123456789. doi: 10.1007/s10668-023-03085-4.
   Google Scholar
• Ulucak R, Bilgili F. 2018. A reinvestigation of EKC model by ecological footprint measurement for high-, middle- and low-income countries. J Clean Prod. 188:144–157. doi: 10.1016/j.jclepro.2018.03.191.
   Web of Science ®Google Scholar
• [UNFCCC] United Nations Framework Convention on Climate Change. 2023. Strategy of socio-economic development of the Russian Federation with low greenhouse gas emissions until 2050. [Accessed 2023 Jul 12]. https://unfccc.int/documents/613780
   Google Scholar
• Wang S, Xu L, Yu S, Wang S. 2023. Russia-Ukraine war perspective of natural resources extraction: a conflict with impact on sustainable development. Resour Policy. 85:103689. doi: 10.1016/j.resourpol.2023.103689.
   Web of Science ®Google Scholar
• [WDI] World development indicators. 2023. [Accessed 2023 Jun 23]. https://databank.worldbank.org/source/world-development-indicators
   Google Scholar
• World Bank. 2023. Total natural resource rents (% of GDP). [Accessed 2023 Jun 23] https://data.worldbank.org/indicator/ny.gdp.totl.rt.zs?locations=ru
   Google Scholar
• Yameogo CEW, Compaore E, Yameogo KWO. 2022. Assessing the nexus between energy consumption, urbanization, and carbon dioxide emissions: does human capital matter? Environ Sci Pol Res. 29(57):86840–86850. doi: 10.1007/s11356-022-21892-6.
   PubMed Web of Science ®Google Scholar
• Yang X, Lou F, Sun M, Wang R, Wang Y. 2017. Study of the relationship between greenhouse gas emissions and the economic growth of Russia based on the environmental Kuznets curve. Appl Energy. 193:162–173. doi: 10.1016/j.apenergy.2017.02.034.
   Web of Science ®Google Scholar
• Yang M, Magazzino C, Awosusi AA, Abdulloev N. 2023. Determinants of load capacity factor in BRICS countries: a panel data analysis. In: Natural resources forum. Oxford, UK: Blackwell Publishing Ltd. doi:10.1111/1477-8947.12331.
   Google Scholar
• Yaya OS, Ogbonna AE, Furuoka F, Gil‐Alana LA. 2021. A new unit root test for unemployment hysteresis based on the autoregressive neural network. Oxf Bull Econ Stat. 83(4):960–981. doi: 10.1111/obes.12422.
   Web of Science ®Google Scholar
• Zhang W, Wang Z, Adebayo TS, Altuntaş M. 2022. Asymmetric linkages between renewable energy consumption, financial integration, and ecological sustainability: moderating role of technology innovation and urbanization. Renewable Energy. 197:1233–1243. doi: 10.1016/j.renene.2022.08.021.
   Web of Science ®Google Scholar
• Zhao WX, Samour A, Yi K, Al-Faryan MAS. 2023. Do technological innovation, natural resources and stock market development promote environmental sustainability? Novel evidence based on the load capacity factor. Resour Policy. 82:103397. doi: 10.1016/j.resourpol.2023.103397.
   Web of Science ®Google Scholar