ORIGINAL RESEARCH
Relationship Between Green Complexity
and Carbon Dioxide Emissions: Evidence
from Global Panel Data
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Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Economics, 06800, Ankara, Türkiye
Submission date: 2024-01-20
Final revision date: 2024-02-05
Acceptance date: 2024-02-08
Online publication date: 2024-03-28
Publication date: 2024-07-25
Corresponding author
Selman Tokpunar
Hacettepe University, Faculty of Economics and Administrative Sciences, Department of Economics, 06800, Ankara, Türkiye
Pol. J. Environ. Stud. 2024;33(6):6373-6387
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ABSTRACT
This study explores the nexus between the recently developed green complexity index, which shows
the sophistication of countries to produce green products, and carbon gas emissions. We employ the
Augmented Mean Group (AMG) and Mean Group (MG) estimators besides conventional techniques,
considering cross-sectional dependency and parameter heterogeneity using a panel for 111 countries over
the period 1999-2019. Our findings indicate the presence of an inverse relationship nexus between green
complexity and carbon emissions in low and medium-low income countries. However, as income levels
rise, this relationship disappears.