Impact of Economic Growth, Technological Innovation, and Globalization on Environmental Degradation in an Emerging Market

Year 2022, Volume: 7 Issue: 1, 211 - 225, 30.06.2022

Derviş Kırıkkaleli , Tomiwa Adebayo , Mehmet Kondoz

Abstract

This current study reveals a new understanding of the dynamic impact of globalization, technological innovation, economic growth on environmental degradation in South Africa by utilizing innovative analyses. This research applied wavelet-based techniques for datasets between 1980 and 2017. The empirical outcomes establish proof of a connection between CO2 emissions (CO2E) and technological innovation, economic growth, and globalization over time and frequency. Additionally, from the viewpoint of frequency-domain, this paper shows impressive wavelet coherence and robust lead/lag interaction. The empirical findings indicate that technological innovation, globalization, and economic growth depreciate the level of environmental quality in South Africa in the short and medium-term. The findings highlight the importance of having coordinated policies by lawmakers and government officials to prevent environmental degradation that has taken place in South Africa for many decades.

Keywords

Technological Innovation, Partial and Multiple Wavelet Coherence, Environmental Degradation, South Africa

Ekonomik Büyümenin, Teknolojik İnovasyonun ve Küreselleşmenin Gelişmekte Olan Bir Pazarda Çevresel Bozulmaya Etkisi

Abstract

Bu güncel çalışma, küreselleşmenin, teknolojik yeniliğin, ekonomik büyümenin Güney Afrika'daki çevresel bozulma üzerindeki dinamik etkisinin, yenilikçi analizler kullanılarak araştırılmıştır. Bu araştırma, 1980 ve 2017 yılları arasındaki zaman serisi veriler icin dalgacık tabanlı teknikler uygulamıştır. Ampirik sonuçlar, CO2 emisyonu (CO2E) ile teknolojik yenilik, ekonomik büyüme ve küreselleşme arasında bir ilişki olduğunu kanıtlamaktadır. Ampirik bulgular, teknolojik yeniliğin, küreselleşmenin ve ekonomik büyümenin kısa ve orta vadede Güney Afrika'daki çevresel kaliteyi azalttığını göstermektedir. Ayrıca, Güney Afrika'da on yıllardır meydana gelen çevresel bozulmayı önlemek için yöneticiler tarafından koordine edilmiş politikalara sahip olmanın önemini vurgulamaktadır.

Keywords

Teknolojik yenilik, Kısmi ve Çoklu Dalgacık Tutarlılığı, Çevresel bozulma, Güney Afrika

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