Akademik Veri Yönetim Sistemi
Journal of Knowledge Economy, sa.1, ss.1-28, 2024 (SSCI)
In the last century, global warming and environmental pollution issues have reached
the levels that threaten humanity. Competition on economic growth is considered one
of the primary causes of environmental pollution. It has increased the significance
of sustainable development and renewable energy consumption. Within the scope of
sustainable development, the countries with large economies bear a greater responsibility to reduce environmental pollution. This study aims to investigate the effect of
economic growth, renewable energy consumption, and political stability on environmental degradation in the United States (US) for the period 1984–2017. A comprehensive econometric analysis is conducted by using the Fourier Autoregressive Distributed Lag (FARDL) test in this study. The results of the cointegration tests indicate
that economic growth, renewable energy consumption, and political stability are
cointegrated with the ecological footprint pressure index representing the environmental degradation. The FARDL test results reveal that economic growth increases
environmental degradation, whereas renewable energy consumption and political
stability mitigate environmental degradation in both the short- and long-run. This
study provides policy recommendations aiming to increase renewable energy consumption and political stability within the context of sustainable development.