Exploring the linkage between export diversification and ecological footprint: evidence from advanced time series estimation techniques

In recent literature, scholars discussed the role of export diversification in environmental quality. However, most studies analyzed the role of export diversification in influencing carbon dioxide emissions with mixed results. However, since carbon dioxide emissions specifically capture the environmental effects of energy utilization, a change in the level of carbon dioxide emissions cannot be regarded as a comprehensive measure of environmental deterioration. Also, many previous studies use the original form of the Theil index to measure export diversification, and during the interpretation of the results, they disregard the fact that the lower value of the Theil index indicates higher diversification and vice versa. In this context, to address these gaps in the literature, a study on the contribution of export…