Financial development and environmental quality in UAE: Cointegration with structural breaks

被引：327

作者：

Charfeddine, Lanouar ^{[1
]}

Ben Khediri, Karim ^{[2
,3
,4
]}

机构：

[1] Qatar Univ, Coll Business & Econ, Dept Finance & Econ, BOP 2713, Doha, Qatar

[2] CEROS Univ Paris Ouest Nanterre Def, Paris, France

[3] Najran Univ, Coll Adm Sci, Najran, Saudi Arabia

[4] Univ Carthage, FSEG Nabeul, Tunis, Tunisia

来源：

RENEWABLE & SUSTAINABLE ENERGY REVIEWS | 2016年 / 55卷

关键词：

CO2; emissions; EKC; Environmental quality; Financial development; Cointegration with structural break; UAE; KUZNETS CURVE HYPOTHESIS; OIL-PRICE SHOCK; ECONOMIC-GROWTH; CO2; EMISSIONS; ENERGY-CONSUMPTION; UNIT-ROOT; CARBON EMISSIONS; TIME-SERIES; TRADE OPENNESS; ECOLOGICAL FOOTPRINT;

D O I：

10.1016/j.rser.2015.07.059

中图分类号：

X [环境科学、安全科学];

学科分类号：

08 ; 0830 ;

摘要：

This study extends the recent work of Shahbaz et al. (2014) by implementing recent unit root tests with multiple structural breaks and regime-switching cointegration techniques considering for one and two unknown regime shifts to investigate the relationship between carbon dioxide emissions, electricity consumption, economic growth, financial development, trade openness and urbanization for the UAE over the period spanning from 1975 to 2011. Our results confirm the existence of Environmental Kuznets Curve (EKC). Moreover, we find an inverted U-shaped relationship between financial development and CO2 emissions. We also find that electricity consumption, urbanization and trade openness contribute to improve environmental quality. (C) 2015 Elsevier Ltd. All rights reserved.

引用

页码：1322 / 1335

页数：14

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