Analyzing asymmetric effects of cryptocurrency demand on environmental sustainability

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dc.authoridErdogan, Sinan/0000-0003-3491-8234
dc.authoridSarkodie, Samuel Asumadu/0000-0001-5035-5983
dc.contributor.authorErdogan, Sinan
dc.contributor.authorAhmed, Maruf Yakubu
dc.contributor.authorSarkodie, Samuel Asumadu
dc.date.accessioned2024-09-18T20:19:47Z
dc.date.available2024-09-18T20:19:47Z
dc.date.issued2022
dc.departmentHatay Mustafa Kemal Üniversitesien_US
dc.description.abstractWhen bitcoin (BTC), the first pioneering cryptocurrency was released in 2009, it was considered an apolitical currency. Besides, the possible effect of BTC and other cryptocurrencies on either financial markets or transactions has been widely discussed. However, the environmental effects of cryptocurrency demand have been ignored. Here, this study examines the nexus between cryptocurrencies and environmental degradation by employing standard and asymmetric causality methods. The Toda-Yamamoto and bootstrap-augmented Toda-Yamamoto test results reveal Bitcoin and Ethereum (ETH) excluding Ripple (XRP) have causal effects on environmental degradation. The Fourier-augmented Toda-Yamamoto test results show causal effects running from Bitcoin and Ripple to environmental degradation, whereas no causal effect runs from Ethereum to environmental degradation. The asymmetric causality shows causal effects from the positive shock of Bitcoin demand, negative shocks of Ripple and Ethereum demands to positive shocks of environmental degradation. Further discussions and policy implications are provided in the relevant sections of this study.en_US
dc.identifier.doi10.1007/s11356-021-17998-y
dc.identifier.endpage31733en_US
dc.identifier.issn0944-1344
dc.identifier.issn1614-7499
dc.identifier.issue21en_US
dc.identifier.pmid35013947en_US
dc.identifier.scopus2-s2.0-85122859080en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage31723en_US
dc.identifier.urihttps://doi.org/10.1007/s11356-021-17998-y
dc.identifier.urihttps://hdl.handle.net/20.500.12483/9840
dc.identifier.volume29en_US
dc.identifier.wosWOS:000741630700011en_US
dc.identifier.wosqualityQ1en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.indekslendigikaynakPubMeden_US
dc.language.isoenen_US
dc.publisherSpringer Heidelbergen_US
dc.relation.ispartofEnvironmental Science and Pollution Researchen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectEnvironmental sustainabilityen_US
dc.subjectCryptocurrencyen_US
dc.subjectAsymmetric causalityen_US
dc.subjectBitcoin (BTC)en_US
dc.subjectEthereum (ETH)en_US
dc.subjectRipple (XRP)en_US
dc.titleAnalyzing asymmetric effects of cryptocurrency demand on environmental sustainabilityen_US
dc.typeArticleen_US

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