Are policy shocks to forest products footprint permanent or temporary? Evidence from 128 countries

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dc.contributor.authorShahbaz, Muhammad
dc.contributor.authorAkcan, Ahmet Tayfur
dc.contributor.authorSoyyigit, Semanur
dc.contributor.authorKilic, Cueneyt
dc.date.accessioned2025-05-29T02:57:44Z
dc.date.available2025-05-29T02:57:44Z
dc.date.issued2025
dc.departmentÇanakkale Onsekiz Mart Üniversitesi
dc.description.abstractSustainable environmental policies are important for future generations to live in a more livable world. Therefore, the environmental damage of the policies implemented is expected to be minimized. In this way, the effects of environmental shocks can be temporary. Rather than analyzing ecological footprint as a deductive approach, analyzing the smaller components that cause ecological footprint will make a different contribution to the literature. For this reason, forest products footprint analysis affecting ecological footprint was investigated. In order to analyze the permanent or temporary nature of environmental shocks, forest product footprint, which is one of the variables used in the calculation of environmental damage, is used for 128 countries covering the period of 1961-2022. We used three different tests in this study. Firstly, the PANIC unit root test, which developed in 2003, secondly the PANIC with sharp breaks test, which developed in 2009 and finally the PANIC with dummy factor break unit root test, which developed in 2022, is used to calculate the permanent and temporary of shocks. According to results of the PANIC with dummy factor break unit root test with two breaks and without trend effect, environmental shocks have a permanent effect in 110 countries and in the model with trend effect, environmental shocks are permanent in 103 countries. In countries where policy shocks are temporary, permanent structural reforms are needed to prevent deforestation.
dc.identifier.doi10.1080/13416979.2025.2475526
dc.identifier.issn1341-6979
dc.identifier.issn1610-7403
dc.identifier.scopus2-s2.0-86000662998
dc.identifier.scopusqualityQ2
dc.identifier.urihttps://doi.org/10.1080/13416979.2025.2475526
dc.identifier.urihttps://hdl.handle.net/20.500.12428/30161
dc.identifier.wosWOS:001440882900001
dc.identifier.wosqualityQ3
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherTaylor & Francis Ltd
dc.relation.ispartofJournal of Forest Research
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.snmzKA_WOS_20250529
dc.subjectForest products footprint
dc.subjectecological balance
dc.subjectnew PANIC LM test
dc.titleAre policy shocks to forest products footprint permanent or temporary? Evidence from 128 countries
dc.typeArticle

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