Examining the Nexus of Energy Prices, Fossil Use, Efficiency, Technology export, and Environmental Quality

economies with the highest average annual increase in energy prices
over the period 1990-2021. For this purpose, the interdependence
between energy prices, energy efficiency, fossil fuel consumption,
medium-high technology exports, and CO2 emissions is investigated
with annual data in the period 1990-2021. Slope heterogeneity and
cross-section dependence were taken into account in the empirical
analysis. Durbin-Hausman cointegration test and CCEMG estimator
were used as methods. The findings showed that for the top 10
economies, higher energy prices and fossil fuel consumption
increased environmental damage. Energy efficiency and more
technology exports increase environmental quality. The study
findings are new as this specific combination of variables for these
top 10 countries has not been studied before