Testing the Short, Medium, and Long-Term Effects of Shocks on Ecological Balance

dc.authorid0000-0001-5738-690Xen_US
dc.authorscopusid16242962400en_US
dc.authorwosidB-1891-2010en_US
dc.contributor.authorYılancı, Veli
dc.contributor.authorAdalı, Zafer
dc.contributor.authorÇelik, Orkun
dc.contributor.authorBari, Bilgin
dc.date.accessioned2024-02-07T05:50:46Z
dc.date.available2024-02-07T05:50:46Z
dc.date.issued2023en_US
dc.departmentFakülteler, Siyasal Bilgiler Fakültesi, İktisat Bölümü
dc.description.abstractEcological balance is an indicator of environmental degradation, which is computed as the difference between biocapacity and ecological footprint. In this study, we examine whether the effect of shocks on the ecological balance is permanent or temporary in the EU-15 countries, considering the period from 1961 to 2018. The application of unit root tests, with and without a Fourier function, indicates that the effects of shocks are temporary in only four countries. To reveal the persistence of shocks at different frequencies, that is, the short-, medium-, and long-run, we decomposed the ecological balance series by using the Discrete Wavelet Transform method. The unit root test results show that the effects of shocks are temporary in all countries in the short-run. However, the results also show that the shocks are temporary in nine countries in the medium-run and ten countries in the long-run. Thus, the implemented policies to balance ecology are not effective in the short-run but are effective in only six countries in the medium-term and in only five countries in the long-term. These findings demonstrate the importance of considering different frequencies when testing the effectiveness of empirically implemented policies. Regarding policy implications, this study suggests focusing on medium- and long-term environmental policies rather than short-term ones.en_US
dc.identifier.citationYılancı, V., Adalı, Z., Çelik, O., & Bari, B. (2023). Testing the Short, Medium, and Long-Term Effects of Shocks on Ecological Balance. Environmental Management, 72(4), 741–753. doi: 10.1007/s00267-023-01867-0en_US
dc.identifier.doi10.1007/s00267-023-01867-0
dc.identifier.endpage753en_US
dc.identifier.issn0364-152X
dc.identifier.issn1432-1009
dc.identifier.issue4en_US
dc.identifier.pmid37541977
dc.identifier.scopus2-s2.0-85166665398
dc.identifier.startpage741en_US
dc.identifier.urihttps://doi.org/10.1007/s00267-023-01867-0
dc.identifier.urihttps://hdl.handle.net/20.500.12428/5545
dc.identifier.volume72en_US
dc.identifier.wosWOS:001042444500001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.indekslendigikaynakPubMed
dc.institutionauthorYılancı, Veli
dc.language.isoen
dc.publisherSpringeren_US
dc.relation.ispartofEnvironmental Managementen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectEcological balanceen_US
dc.subjectEcological deficiten_US
dc.subjectEcological surplusen_US
dc.subjectFourier functionsen_US
dc.subjectSustainabilityen_US
dc.titleTesting the Short, Medium, and Long-Term Effects of Shocks on Ecological Balance
dc.typeArticle

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