Sustainability,
Journal Year:
2022,
Volume and Issue:
14(19), P. 12227 - 12227
Published: Sept. 27, 2022
This
study
used
panel
simultaneous
equations
models
with
a
generalized
method
of
moments
(GMM)
estimator
to
examine
the
three-way
linkages
between
ecological
footprint
(EFP),
renewable
energy
consumption
(REC),
and
income
in
Group
Seven
(G7)
countries
over
period
1990–2018.
The
outcomes
this
demonstrate
two-way
association
gross
domestic
product
(GDP)
energy.
findings
confirm
presence
bidirectional
link
outcome
footprint,
as
well
EFP
results
that
improving
human
capital
positively
significantly
effects
income,
environmental
quality,
REC.
Ecological
is
not
impacted
by
economic
social
globalization,
whereas
impact
financial
globalization
negative
significant.
Trade
openness
connected
REC
which
could
contribute
reducing
deterioration.
In
conclusion,
we
make
policy
recommendations
are
based
on
study.
Sustainability,
Journal Year:
2022,
Volume and Issue:
14(19), P. 12227 - 12227
Published: Sept. 27, 2022
This
study
used
panel
simultaneous
equations
models
with
a
generalized
method
of
moments
(GMM)
estimator
to
examine
the
three-way
linkages
between
ecological
footprint
(EFP),
renewable
energy
consumption
(REC),
and
income
in
Group
Seven
(G7)
countries
over
period
1990–2018.
The
outcomes
this
demonstrate
two-way
association
gross
domestic
product
(GDP)
energy.
findings
confirm
presence
bidirectional
link
outcome
footprint,
as
well
EFP
results
that
improving
human
capital
positively
significantly
effects
income,
environmental
quality,
REC.
Ecological
is
not
impacted
by
economic
social
globalization,
whereas
impact
financial
globalization
negative
significant.
Trade
openness
connected
REC
which
could
contribute
reducing
deterioration.
In
conclusion,
we
make
policy
recommendations
are
based
on
study.