The link between environmental quality, economic growth, and energy use: new evidence from five OPEC countries

被引:30
作者
Saidi K. [1 ]
Rahman M.M. [2 ]
机构
[1] Faculty of Economics and Management, University of Sfax, Sfax
[2] School of Commerce, University of Southern Queensland, Toowoomba
关键词
CO[!sub]2[!/sub] emissions; Economic growth; Energy use; VECM;
D O I
10.1007/s10669-020-09762-3
中图分类号
学科分类号
摘要
This paper aims to explore the relationships between environmental quality, economic growth, and energy use. A panel data set of 25 years (1990–2014) for five OPEC countries (Algeria, Nigeria, Indonesia, Saudi Arabia, and Venezuela) is used, and panel unit root tests, panel cointegration tests, panel Granger causality tests, fully modified ordinary Least square (FMOLS), and dynamic ordinary least square (DOLS) methods are employed as estimation strategies. Our results show that in the long-run, there are two-way causal relationships between GDP and energy consumption for all countries. Bidirectional causal relationships between GDP and CO2 emissions are also observed in all countries except Algeria. The same relationships are also observed between energy consumption and CO2 emissions in all countries with an exception in Venezuela where unidirectional causality running from CO2 to energy consumption is found. The impact of GDP on the CO2 emissions is the highest in Saudi Arabia followed by Venezuela, Nigeria, and Indonesia. The effect of energy use on the CO2 emissions is the greatest in Algeria followed by Indonesia and Nigeria. © 2020, Springer Science+Business Media, LLC, part of Springer Nature.
引用
收藏
页码:3 / 20
页数:17
相关论文
共 97 条
[1]  
Abbasi F., Riaz K., CO<sub>2</sub> emissions and financial development in an emerging economy: an augmented VAR approach, Energy Policy, 90, pp. 102-114, (2016)
[2]  
Ajide K.B., Adeniyi O., FDI and the environment in developing economies: evidence from Nigeria, Environ Res J, 4, 4, pp. 291-297, (2010)
[3]  
Alkhathlan K., Javid M., Energy consumption, carbon emissions and economic growth in Saudi Arabia: an aggregate and disaggregate analysis, Energy Policy, 62, pp. 1525-1532, (2013)
[4]  
Balibey M., Relationships among CO<sub>2</sub> emissions, economic growth and foreign direct investment and the environmental Kuznets curve hypothesis in Turkey, Int J Energy Econ Policy, 5, 4, pp. 1042-1049, (2015)
[5]  
Blanco L., Gonzalez F., Ruiz I., The impact of FDI on CO<sub>2</sub> emissions in Latin America, Oxf Dev Stud, 41, 1, pp. 104-121, (2013)
[6]  
Cole M.A., Elliott R.J.R., FDI and the capital intensity of “dirty” sectors: a missing piece of the pollution haven puzzle, Rev Dev Econ, 9, 4, pp. 530-548, (2005)
[7]  
de Leon P., Barido D., Marshall J.D., Relationship between urbanization and CO<sub>2</sub> emissions depends on income level and policy, Environ Sci Technol, 48, 7, pp. 3632-3639, (2014)
[8]  
Diallo A.K., Masih M., CO 2 Emissions and Financial Development: Evidence from the United Arab Emirates Based on an ARDL Approach, (2017)
[9]  
Dinda S., Environmental Kuznets curve hypothesis: a survey, Ecol Econ, 49, 4, pp. 431-455, (2004)
[10]  
Farhani S., Ben R.J., Energy consumption, economic growth and CO<sub>2</sub> emissions: evidence from panel data for MENA region, Int J Energy Econ Policy, 2, pp. 71-81, (2012)