Festus Victor Bekun

Festus Victor Bekun
Gelisim Üniversitesi · Department of Economics and Finance

Ph.D in Economics

About

221
Publications
57,355
Reads
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7,693
Citations
Citations since 2016
221 Research Items
7654 Citations
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201620172018201920202021202201,0002,0003,000
Introduction
Festus Victor Bekun holds a PhD in economics from Eastern Mediterranean University Northern Cyprus. He also obtained his MSc in Economics from the same institution. He teaches basic economic principles of micro and macroeconomics and statistics. His research interest is in the areas of agricultural economics, energy and environmental economics, and tourism economics. His work has appeared in top-tier journals including Science of the Total Environment, Energy and Environment, International Journal of Economic Perspectives, International Journal of Economics and Financial Issues, Academic Journal of Economic Studies, International Review of Management and Marketing, European Journal of Managerial Research, European Journal of Tourism, Journal of economic Asymmetry, Sage open
Additional affiliations
October 2010 - September 2011
Federal University of Technology Minna
Position
  • Student

Publications

Publications (221)
Article
Full-text available
The debate for green development has been ongoing in the energy and environment literature—especially initiatives to mitigate climate change. On this note, we explore the effects of the air and railway transport demand, fossil-fuel energy consumption, demographic policies, economic growth, and alternative energy consumption on environmental degrada...
Article
Full-text available
The present study draws motivation from the United Nations Sustainable Development Goals, with a special focus on SDGs 7 and 13, which highlight the need for access to clean and affordable energy in an environment devoid of emissions; it addresses climate change mitigation in the context of Sub-Saharan Africa. To this end, a carbon-income function...
Chapter
Recently, Indian economic performance has been on a continuous upward trajectory in terms of GDP growth amidst external debt. This study considers in the context of management the measure of maintaining the positive trend of Indian economic growth, taking into account the potentially damaging impact of debt in the near future. To this end, the annu...
Article
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This study examines the impact of financial deepening and sustainable energy supply on domestic investment inWest African countries. The data for the study range from 1990 to 2020 and were sourced from the World Development Indicator database. We used the cross-sectional autoregressive distributed lag (CS-ARDL) estimator for the analysis. Empirical...
Article
Full-text available
Understanding the role of information communication and technology (ICT) in envi�ronmental issues stemming from extensive energy consumption and carbon dioxide emission in the process of economic development is worthwhile both from policy and scholarly fronts. Motivated on this premise, the study contributes to the rising studies associated with...
Article
Full-text available
The effects of corruption and income on environmental degradation is well established in the literature. However, little attention has been given to how the control of corruption affects the environmental quality at different levels of income. This study examines the interaction effect of the control of corruption and income on environmental qualit...
Article
Previously documented studies in the literature on how tourism leads to economic growth in the form of tourism-led growth hypotheses (TLGH) has been investigated. This study presents a new perspective on the growth of tourism by considering its impact on conventional energy consumption, real income level, and emission via the channel of globalizati...
Article
Full-text available
Understanding the role of information communication and technology (ICT) in environmental issues stemming from extensive energy consumption and carbon dioxide emission in the process of economic development is worthwhile both from policy and scholarly fronts. Motivated on this premise, the study contributes to the rising studies associated with the...
Article
The present study contributes to the ongoing discussion on environmental sustainability, energy efficiency for the case of Brazil, Russia, India, China, and South Africa economies by investigating the dynamic connection regarding foreign direct investment, economic complexity index, renewable energy, natural resources, urbani�zation, and CO2 emis...
Article
Full-text available
The motivation for the current study stem from the United Nations Sustainable Development Goals (UN-SDGs) such as access to clean (SDG-7) and responsible energy consumption (SDG-12) and climate change mitigation (SDG-12). This chase for these goals is pertinent for sustainable economic growth and environmental sustainability. This becomes necessa...
Article
This study provides empirical evidence on the relationship between energy efficiency and production- and-consumption based carbon emissions by assessing the impact of population size, income, and clean energy on the carbon dioxide (CO2) emissions function. Method of Moments Quantile Regression (MM-QR) and Augmented Mean Group (AMG) estimators are a...
Preprint
Full-text available
Dear respected Colleagues/Authors/Contributors, You are cordially invited to contribute one or more chapters of Book compilation titled ‘Economic Trends and Sustainable Environmental Assessment’ by Taylor & Francis Group (CRC Press), LLC of 6000 Broken Sound Parkway NW, Suite 300, Boca Raton, FL 33487, U.S.A. The book contains conceptual, theoretic...
Article
Background: Technological innovation and its paradigm, that is, the Fourth Industrial Revolution-4IR, have shown strong impact on income levels of adopters across the globe. To this end, this analysis examines the impact of bank funding and institutional quality on technological advancement Objectives: This study adds additional variables such as h...
Article
Emissions from several emerging economies currently constitute the largest contribu-tions to the global carbon emissions levels thereby triggering concerns on the pros-pects for achieving global environmental sustainability-related goals (SGDs-13 and11). Thus, this research examines whether technological innovation and renewablespose any moderating...
Article
Full-text available
Over the years, agriculture has been considered as a panacea for long-term economic growth as believed by the physiocracy school of thought. Aligning this with the United Nations’ Sustainable Development Goals (specifically UN-SDG-2 which highlights zero hunger), the present study empirically complements existing studies by exploring the interactio...
Article
Full-text available
Achieving environmental sustainability has become a global concern amidst increasing climate change threat. Using quarterly frequency data for the case of Russia from 1992 to 2018, the present study explores the interaction between disaggregated energy consumption (renewable energy and non-renewable energy), trade flow and economic growth on a broa...
Article
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This study is structured on the Environmental Kuznets Curve (EKC) framework to explore the impacts of economic growth, energy consumption, information, and communication technology (ICT), and urbanization on the ecological footprint for the Next-11 (N-11) countries. To accomplish the objective, the Driscoll––Kraay standard error and Feasible Genera...
Article
Most developing countries are plagued with harsh economic realities, which motivate them to seek sustainable economic growth and development in line with goal eight of the United Nations Sustainable Development Goals. To this end, this paper investigated the source of external finan�cing that is most helpful for achieving inclusive growth in lowe...
Article
In compliance with the global climate goal, the European Cement Association adopted the 5C (clinker, cement, concrete, construction, and (re)carbonation) approach as its central roadmap to a carbon neutral 2050. Following the climate ambition at the center of Europe's cement production, this study examines a suitable strategy for achieving environm...
Article
Full-text available
The preponderance of emerging economies confronts significant trade-offs between economic growth and environmental sustainability considerations, and Turkey is no exception. This study draws strength from the United Nations Sustainable Development Goals (UN-SDGs-7,11,12 & 13). To this end, the present study explores the role of the environmental Ku...
Article
Full-text available
Agriculture, which serves as a lifeline for us, is unequivocally vital for an agriculture-dependent economy like Bangladesh, not only for its food supply but also because of its significant contribution towards achieving Sustainable Development Goals (SDGs) 1 and 2. However, in a third-world nation like Bangladesh, where farming practices largely c...
Article
Full-text available
The current research sheds light on the nexus between environmental degradation as proxied by carbon dioxide emissions (CO2), energy efficiency (EE), economic growth, manufactur�ing value-added (MVA), and the interaction effect of EE and MVA in India. Using yearly data from 1980 to 2019, the current study employs dynamic auto-regressive distribut...
Article
Full-text available
The study seeks to examine the significance of the tourism-induced growth hypothesis from the perspective of air transportation among seven emerging (E7) countries, including China, India, Brazil, Mexico, Russia, Indonesia, and Turkey. The combined impact of energy consumption and globalization was also factored into the analysis in order to dra...
Article
Using over 200 empirical studies curated from web of science (WoS) and Scopus databases, the current study employed systematic literature network (i.e. systematic review and bibliometric) analysis to document the evolution of tourism�led economic growth literature. Specifically, the study answered four key research questions validating the most inf...
Article
Full-text available
Over the years, agriculture has been considered as a panacea for long-term economic growth as believed by the physiocracy school of thought. Aligning this with the United Nations' Sustainable Development Goals (specifically UN-SDG-2 which highlights zero hunger), the present study empirically complements existing studies by exploring the interactio...
Article
Full-text available
A large volume of environmental science and pollution research has focused on the contributions of various forms of energy consumption to emissions. However, little attention is given to the impact of human activities such as tourism. Hence, this study investigates the impact of tourist arrivals, energy use, and economic growth on CO 2 emissions in...
Article
Full-text available
The tourism industry is undoubtedly among the largest contributors to economic growth and employment generation in most economies of the world, and Africa is not an exception as outlined by World Tourism Organization (UNWTO). Thus, many countries in sub-Saharan Africa (SSA) are paying more attention to tourism development as alternative growth pa...
Article
Economic advancement has tended to affect the processes of industrialization, which has increased the value of exploited natural resources via the application of technology. Intensive use of natural resources via total reserves, technological innovation, foreign direct investment (FDI), and renewable energy can have an impact on the environment. Co...
Article
Cement production reportedly accounts for the largest global materials flow, thus achieving global environmental sustainability through responsible consumption and production is central to the sustainable development scenario. But even that China, the world's largest carbon emit-ter and largest cement producer, is under-studied. Thus, the current s...
Article
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Global warming is a global menace mainly driven by human anthropogenic activities. There is a need for environmental sustainability amidst increased economic growth. To this end, this study draws motivation from the United Nations Sustainable Development Goals (UNSDGs) with special focus on climate change mitigation and ecological balance. Thus, th...
Article
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Crude oil and natural gas are crucial to the Russian economy. Therefore, this study examined the interconnections between crude oil price, natural gas price, and Russian economic policy uncertainty (EPU) over the period 1994–2019 using multivariate DCC-MGARCH models. The findings show that there are strong interconnections (co-movement) between the...
Article
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This study examines the symmetric (linear) and asymmetric (nonlinear) impact of economic growth (EG), capital formation (CF), renewable and non-renewable energy (NRE) consumption on CO2 emissions and ecological footprint (EF) of seventeen OECD countries spanning data from 1970 to 2016. The autoregressive distributed lag (ARDL) model is used to exam...
Article
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Little is currently known about how policy choices that seek to bridge the gap between low production capacity and growing consumption demands in developing economies impact the environment. To address this research gap, a quantile-based model is used to examine the impact of three policy-relevant variables on carbon dioxide (CO 2) emissions: inter...
Article
Full-text available
Several studies have investigated the relationship between tourism, consumption of energy, globalization, and ecological footprint. However, the role of biocapacity alongside tourism development in environmental sustainability is yet to be documented in the extant literature. No doubt, the biocapacity of a country, its level of tourist’s arrival, a...
Article
Full-text available
According to the United Nations World Tourism Organization (UNWTO), tourism sector ranks high in terms of her contribu�tion to economic growth and employment opportunity generation in most economies. Several studies have been documented in the extant literature on the nexus between emission, tourism, and economic growth. However, the role of forei...
Article
Full-text available
Global emission statistics show that Africa is among the least carbon-emitting continents. However, the rising drive for economic growth amid urbanization and globalization in recent years has continued to attract the attention of policymakers to the attendant potential environmental risks. Hence, using robust empirical techniques, this study exami...
Article
Full-text available
The objective of this study is to investigate the FDI-led growth hypothesis for the case of South Africa for the period between 1970 and 2017. The preliminary analy�sis of unit root test using traditional methods shows a diferent order of integration, which necessitates the use of autoregressive distributive lag (ARDL) methodology. Additionally,...
Article
Full-text available
This study investigates the impact of financial development, economic growth, and foreign direct investment on enhancing industrial growth for a panel of selected Sub-Sahara African (SSA) countries from 1990-2017. However, the present study enriches our understanding of financial development by employing a new comprehensive index focused on the acc...
Article
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Along with the increasing aging population (AP) and global interconnectedness in the Mediterranean bloc comes climate change issues faced by the Mediterranean region in its trajectory to energy security and sustainable development. To meet the continuous energy consumption demand while cutting down natural resources extraction and exploitation with...
Article
The present study examines the competition determinants of Eurasian Union oil and gas companies for the period of 2012–2020. The study covers a total of 24,813 firm-year observations. This study applied the GMM two-step estimation to capture the endogeneity problem. Our results reveal that leverage, profitability, and efficiency are the main compet...
Article
Full-text available
The effect of ecological distortions and climate change issues have been at the forefront of the minds of policymakers and energy practitioners in recent decades. This concern is associated with the vision of the seventh and thirteenth Sustainable Development Goals that are centered on access to clean energy sources and mitigating climate change is...
Article
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Global travel and tourism have enjoyed a significant boost due to the progress in air transport. However, the debate on air transport and the influx of foreign investments and global energy demand on economic development remains questionable. Therefore, this study is an attempt to contribute to the body of knowledge in the energy-tourism-led growth...
Article
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In recent years, there is concerted efforts to boost the tourism industry in Nigeria, and regulatory bodies were created for the tourism industry. This study is contributing to the ongoing debate on the tourism-energy-environment literature. Thus, we explore the linkage between tourism development, energy consumption, carbon dioxide (CO2) emission,...
Article
Full-text available
Ever since the emancipation of a country, its environmental quality has undergone a significant transition during the development phases; Bangladesh is no exception. Bangladesh is facing a serious threat in the age of global warming, and climate change as the country is looking forward in achieving the SDGs by 2030. Yet, there is a dearth of study...
Article
This present study is motivated by the United Nations Sustainable Development Goals (UN‐SDGs) that concerns pertinent issues that comprises environmental sustainability (SDG‐13), sustainable development (SGD‐8), and responsible consumption (SDG‐11), among others. To this end, this study examines the long‐run and causality linkage between renewable...
Article
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This study examines the impact of industrial structure on carbon dioxide (CO2) emissions with emphasis on the activities of secondary and tertiary industries and the role of infor�mation and communication technologies and economic freedom. We focus on explaining consumption-based and territorial-based CO2 emissions in a selection of African econo...
Article
Following global debate on clean and responsible access to energy (electricity), access to recreation (tourism), technolog�ical innovation, and economic growth for sustainable devel�opment as captured by the Human Development Index (HDI), the present study is motivated by the inconclusive guidance found in the literature on technology, tourism indu...
Book
Full-text available
You are cordially invited to contribute one or more chapters of Book compilation titled ‘Economic Trends and Sustainable Environmental Assessment’ by Taylor & Francis Group (CRC Press), LLC of 6000 Broken Sound Parkway NW, Suite 300, Boca Raton, FL 33487, U.S.A. The book contains conceptual, theoretical and empirical studies/illustrations that tac...
Article
Accomplishing environmental sustainability has become a global initiative whilst addressing climate change and its effects. Thus, there is a necessity for innovation on part of economies as they seek energy for sustainable development. Thus, we explore the case of India a highly industrialized and heavy emitter of carbon emission. To this end, this...
Poster
With the opening of economies and the COP26 Climate Change conference, it is vital to analyse and predict the potentials of energy exploration. This will allow countries to plan and position themselves in the global energy industry. This special issue focuses on predicting the energy industry globally. Both theoretical and empirical contributions a...
Article
In this study, we investigate the efects of fscal policies on the environment with annual frequency period from 1972 to 2017 data for countries such as Australia, Chile, Finland, the UK, and Sweden. This study leverages on second-generation unit root tests, bootstrap cointegrated test, and long-run coefcient estimators suitable for heterogeneous...
Article
Full-text available
This study is motivated by the United Nations Sustainable Development Goals (UN-SDG-7,8,11,12 and 13) on the need for clean and responsible energy consumption in view of anticipated actions for environmental sustainability. The world has been plagued with various consequences of environmental degradation including the attendant risks of climate cha...
Article
Full-text available
As the argument widens on the need to cut down on global carbon emissions, this study addresses environmental degradation using a combination of second-generation empirical methodologies including, quantile regression (QR), augmented mean group (AMG), fully modified ordinal least square (FMOLS), and dynamic ordinal least square (DOLS) to examine th...
Article
The anthropogenic implications of energy consumption, real income level, and natural resources abundance have been well documented in the environmental economics literature. However, given the uniqueness of many economies i.e., partnerships investment in energy and economic complexity around the globe, it is imperative to investigate the nexus b...
Article
ABSTRACT Purpose The aim of this study is to investigate the volatility of exchange rate has generally been sighted as a primary cause for the various shocks and instability in international trade of Ghana as witnessed over the years and most especially in recent times. Owing to the increasing trade levels between Ghana and its global trading partn...
Article
The purpose of this study is to explore the long-run and causality relationship between tourism development and the real income level in an environmental Kuznets Curve (EKC) framework for emerging industrialised economies (E7). The newness of our study to the tourism literature is the inclusion of institutional quality and tradeto the mix. The incl...
Article
Full-text available
In the energy-environment literature, a handful of the advanced economies, mostly the European Union countries, have met some of the national environmental sustainability targets. Consequently, most of these countries are renewing their policies for 2040, while the African bloc largely seems to have a longer path to emerge from the woods. Giving th...
Article
Full-text available
Achieving environmental sustainability has become a global initiative while addressing climate change and its effects. However, the role of energy production and consumption in economic development remains critical amidst environmental pollution. Thus, the need for innovation and clean energy alternatives is critical while pursuing sustainable deve...
Article
Full-text available
In acknowledgment of the devastating consequences of environmental deterioration, the Mediterranean members are committed to adopt the 2015 treaty action plans of the Paris Climate Agreement (COP21) as carbon dioxide emission (CO2) are on the rise in the Mediterranean region, which seems to be a serious challenge to our world’s environment. To this...
Article
United Nations Sustainable Development Goals (UN-SDGs) such as access to clean energy (SDG-7), responsible energy consumption (SDG-12) and sustainable economic growth revolves around the subject of human development that resonates with (SDG-8), and among others. Based on these highlights, this study examines sustainable development for the panel of...
Article
The impacts of economic globalization on environmental degradation are investigated in the E7 economies in the presence of some control variables including economic growth, natural resources, urbanization, and human capital between 1990 and 2016 in a carbon-income environment. This study implements a panel regression analysis using the Augmented Me...
Article
Full-text available
It has been of great concern for policymakers and government officials to increase the economic trajectory of living standards. Tourism development over the years is outlined in the extant literature as an alternative pathway to sustainable development. However, there has been no consensus on the combined impact of institutional quality and key mac...
Article
Purpose The growth of both the informal sector and illicit financial outflows necessitated this study, in order to investigate how countries in Africa respond to these realities in terms of mobilization of domestic resources. These are the main motivation for the current study to the extant literature in conjunction with the adoption of employing s...
Data
Citation metrics are widely used and misused. We have created a publicly available database of over 100,000 top-scientists that provides standardized information on citations, h-index, co-authorship adjusted hm-index, citations to papers in different authorship positions and a composite indicator. Separate data are shown for career-long and single...