Global dynamics of environmental Kuznets curve and fishing grounds load capacity: A cross-correlation analysis of income and CO2 emission and marine ecosystem
Cross-section data econometrics
Keywords:
Fisheries Production, FGLCC hypothesis, EKC hypothesis, PMG-Panel ARDL, D–H Panel Causality, D10 and G10 countriesAbstract
Changes in the environment and distortions place nations under socioeconomic strain on a global scale, making them a crucial topic of debate, which makes them an important issue of discussion. Researchers and academics in this field, state that advancements in transportation, capture and storage, nutritional properties, and long-distance exportability are some of the factors contributing to the notable declines in marine biodiversity. In this context, this paper analyzes the nexus among the ecological footprint as a multi-aspect indicator of environmental degradation, marine ecosystem, economic growth, energies uses, and climate policy uncertainty within the Environmental Kuznets Curve (EKC) hypothesis and Fishing Grounds Load Capacity Curve (FGLCC) hypothesis, framework for two panels of developing countries (D10) and developed countries (G10) during 2000–2024. Thus, this study takes into account the underappreciated component of the marine supply side, which sets it apart from other research that just looked at the demand side through fishing footprints. According to the pooled mean group (PMG), estimation results indicate an inverted U-shape nexus among the economic growth and ecological footprint, which implies validation of the EKC hypothesis in developing countries (D10) and developed countries (G10). In addition, the findings indicate the positive impact of climate policy uncertainty and the energies uses on the environment in all two panels.More importantly, The Fishing Grounds Load Capacity Curve (FGLCC) hypothesis is valid only in the case of developed countries and is not valid in developing countries. Additionally, the results demonstrate that energies uses, fisheries production and climate policy uncertainty have a positive impact on the marine ecosystem.finally, The findings of the Dumitrescu–Hurlin panel causality test also indicate the existence of bidirectional causality between energy consumption and CO2 emissions in all two panels of countries, and between economic growth and marine ecosystem in the developed countries (G10).Finally, these results give decision-makers important information that helps them pinpoint important factors that support the conservation of marine variety.
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