scholarly journals Financial Development, Environmental Quality, Trade and Economic Growth: What Causes What in MENA Countries?

2015 ◽  
Author(s):  
Anis Omri ◽  
Saida Daly ◽  
Christophe Rault ◽  
Anissa Chaibi
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Mena Countries

scholarly journals Financial development, environmental quality, trade and economic growth: What causes what in MENA countries

2015 ◽  
Vol 48 ◽  
pp. 242-252 ◽  
Author(s):  
Anis Omri ◽  
Saida Daly ◽  
Christophe Rault ◽  
Anissa Chaibi
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Mena Countries

scholarly journals FINANCIAL DEVELOPMENT, ENVIRONMENTAL QUALITY, TRADE OPENNESS AND ECONOMIC GROWTH: EMPIRICAL STUDY IN MENA COUNTRIES

2021 ◽  
Vol 9 (09) ◽  
pp. 920-931
Author(s):  
Sawssen Nafti
Keyword(s):  
Economic Growth ◽  
Co2 Emissions ◽  
Financial Development ◽  
Environmental Degradation ◽  
Environmental Quality ◽  
Trade Openness ◽  
Causal Link ◽  
Kuznets Curve ◽  
Economic Policies ◽  
Mena Countries

In this paper, we empirically investigate the causal relationship between financial development, environmental degradation (CO2 emissions), trade openness and economic growth (GDP), using Panel data (the theory of cointegration Pedroni (1999,2004)) for 12 MENA countries ( Middle East and North Africa) during the period 1990- 2014.The long-term relationships estimated by the modified least squares technique proposed by Pedroni (1996). Our results indicate that there is evidence for a bidirectionel causality between CO2 emissions and economic growth. Economic growth and trade openness are interdependent, it exist a bidirectionel causality. Also, we confirm a bidirectional causality among trade openness and financial development. The unidirectional causality of financial development on economic growth and openness to CO2 emissions trading is identified. Our empirical results also verified the existence of the environmental Kuznets curve hypothesis by the causal link between GDP and environmental polution. Finally, panel causality verifies the existance of bidirectional relationship between economic growth(GDP), environmental degradation(CO2 emissions), financial development and trade openness. This empirical knowledge is of particular interest to policy makers as it helps us create sound economic policies to support economic development and improve environmental quality.

scholarly journals Financial Development, Environmental Quality and Economic Growth

2015 ◽  
Vol 7 (7) ◽  
pp. 9395-9416 ◽  
Author(s):  
Shushu Li ◽  
Jinglan Zhang ◽  
Yong Ma
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality

Does financial development improve environmental quality in Turkey? An application of endogenous structural breaks based cointegration approach

2018 ◽  
Vol 29 (2) ◽  
pp. 368-384 ◽  
Author(s):  
Javaid Ahmad Dar ◽  
Mohammad Asif
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Unit Root ◽  
Structural Breaks ◽  
Energy Use ◽  
Financial Sector ◽  
Content Type ◽  
Long Run ◽  
Endogenous Structural Breaks

Purpose The purpose of this paper is to investigate the long-run effect of financial sector development, energy use and economic growth on carbon emissions for Turkey, in presence of possible regime shifts over a period of 1960-2013. Design/methodology/approach Along with the conventional unit root tests, Zivot-Andrews unit root test with structural break has been employed to check the stationarity of variables. The cointegrating relationship between variables is investigated by using the autoregressive distributed lag bounds test and Hatemi-J threshold cointegration test. Findings The results confirm a cointegrating relationship between the variables. The long-run relationship between the variables has gone through two endogenous structural breaks in 1976 and 1986. Development of financial sector improves environmental quality whereas energy use and economic growth degrade it. The results challenge the validity of environmental Kuznets curve hypothesis in Turkish economy. Research limitations/implications The study uses domestic credit to private sector as a proxy for development of financial sector. The model can be improved by constructing an index of financial development instead of using a single determinant as a proxy for financial development. Practical implications The study may pave the way for policy makers to capture important environmental pollutants in better way and develop effective and efficient energy and economic policies. This may make significant contribution to curbing CO2 emissions while sustaining economic growth. Originality/value This is the only study to examine long-run impact of financial sector development on carbon emissions, using the threshold cointegration approach. Hence, the study is a gentle request to reduce the possible omitted variable econometric estimation bias and fill the gap in the existing literature.

scholarly journals Renewable Energy Consumption and Local Environmental Effects for Economic Growth: The Role of Financial Development and Foreign Direct Investment

2021 ◽  
Author(s):  
Itbar khan ◽  
lei han ◽  
Hayat khan
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Financial Development ◽  
Environmental Quality ◽  
Low Income ◽  
Carbon Emission ◽  
Renewable Energy Consumption ◽  
Middle Income ◽  
Income Groups

Abstract The use of renewable energy improves environmental quality by reducing carbon emission and influence economics growth where carbon emission also effect economic growth of a country. The economic theory of tourism also indicates that tourism development enhance economic growth though spillovers as well contribute to climate change. The inflow of FDI and financial development enhance economic growth however its also effect environmental quality. Based on the ongoing debate, the present research trying attempts to explore the effect of CO2 emission and renewable energy consumption, FDI and financial development on economic growth in different income grouped countries to know whether these impacts are the same for the low income, middle income and high income countries on economic growth? Using panel data for high income, low income & middle income countries for the period of 1980–2018, the current study found that all variables effect economic growth significantly where FDI and carbon emission are positive while renewable energy consumption and financial development are negative for economic growth in the whole sample while its differ in the income groups. These studies have shown that these variables are not the same as the economic growth of economic growth and different income groups are not the same, but it changes. In addition, the foundation of this study has a great deal of recommendations for income Group economic decision make-up.

scholarly journals Institutions Powers, financial development and environmental factors influence on Carbon emission: Evidence from a Global Perspective

2021 ◽  
Author(s):  
hayat khan ◽  
Liu weili ◽  
itbar khan
Keyword(s):  
Economic Growth ◽  
Foreign Direct Investment ◽  
Renewable Energy ◽  
Financial Development ◽  
Environmental Quality ◽  
Direct Investment ◽  
Carbon Emission ◽  
Generalized Method Of Moments ◽  
Institutional Quality ◽  
Global Perspective

Abstract This study explores the moderating power of institutional quality on carbon emission through renewable energy consumption, foreign direct investment, economic growth and financial development in the globe for the period of 2002 to 2019. By using two Step System Generalized Method of Moments, the results illustrate that renewable energy usage and foreign direct investment inflow enhance environmental quality while financial development and economic growth lowers environmental quality in the panel. The results shows that quality institutions in countries are still not yet adequate to defend the harmful impact of every environmental factor and protect environment however, the interaction term of institutional quality confirms the significant moderating effect of all explanatory variables on environmental quality in the panel. The findings also confirm the existence of Environmental Kuznets Curve and evidence the pollution halo hypothesis. The findings of this paper can be useful for policy makers whereas conducting stricter environmental regulation.

Sign in / Sign up

Export Citation Format

Share Document