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CO2 emissions, energy consumption, economic growth, and financial development in GCC countries: Dynamic simultaneous equation models

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dc.citedby364
dc.contributor.authorBekhet H.A.en_US
dc.contributor.authorMatar A.en_US
dc.contributor.authorYasmin T.en_US
dc.contributor.authorid37100908800en_US
dc.contributor.authorid56741953000en_US
dc.contributor.authorid56406291900en_US
dc.date.accessioned2023-05-29T06:39:02Z
dc.date.available2023-05-29T06:39:02Z
dc.date.issued2017
dc.descriptionCarbon dioxide; Decision making; Economic analysis; Economics; Energy utilization; Finance; Causal relationships; Environmental aspects; Financial development; Gcc countries; Gross domestic products; Gulf Cooperation Council; Simultaneous equation models; United Arab Emirates; Economic and social effectsen_US
dc.description.abstractThis study investigates the dynamic causal relationships among carbon emissions, financial development, economic growth, and energy consumption for Gulf Cooperation Council (GCC) countries from 1980 through 2011. Annual time series data and an autoregressive distributed lag (ARDL) model are used. The main contribution of this paper is that it has investigated the causes of carbon emissions by taking into account the role of financial development and economic growth in GCC countries. The results suggest long-run and causal relationships among carbon emissions, financial development, gross domestic product (GDP), and energy use in all GCC countries except United Arab Emirates (UAE). Moreover, there is long-run unidirectional causality running from carbon emissions to energy use in the case of Saudi Arabia, UAE, and Qatar. Furthermore, a one-way causal relationship from financial development to carbon emissions in the context of UAE, Oman, and Kuwait is found. The evidence suggests that financial systems should take into account environmental aspects in their current operations in these countries. The results of this study may be of great importance for policy and decision makers in developing energy policies for GCC countries that contribute to curbing carbon emissions while preserving economic growth. � 2016 Elsevier Ltden_US
dc.description.natureFinalen_US
dc.identifier.doi10.1016/j.rser.2016.11.089
dc.identifier.epage132
dc.identifier.scopus2-s2.0-84997611343
dc.identifier.spage117
dc.identifier.urihttps://www.scopus.com/inward/record.uri?eid=2-s2.0-84997611343&doi=10.1016%2fj.rser.2016.11.089&partnerID=40&md5=9fa1bf86c867be71f7701b039183097c
dc.identifier.urihttps://irepository.uniten.edu.my/handle/123456789/23277
dc.identifier.volume70
dc.publisherElsevier Ltden_US
dc.sourceScopus
dc.sourcetitleRenewable and Sustainable Energy Reviews
dc.titleCO2 emissions, energy consumption, economic growth, and financial development in GCC countries: Dynamic simultaneous equation modelsen_US
dc.typeArticleen_US
dspace.entity.typePublication
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