Economic growth and carbon emissions: evidence from CIVETS countries

Petrović-Ranđelović, Marija; Mitić, Petar; Zdravković, Aleksandar; Cvetanović, Dušan; Cvetanović, Slobodan

doi:10.1080/00036846.2019.1679343

Cited by 33 publications

(15 citation statements)

References 41 publications

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“…Regarding the significant but negative long-term impact of per capita CO 2 emissions on Saudi Arabia’s economy, we find clear and strong support from Ghosh [ 69 ], Borhan et al [ 70 ], and Ejuvbekpokpo [ 71 ] for India, ASEAN-8 and Nigeria, respectively. While some studies like Saboori and Sulaiman [ 73 ], Papiez [ 72 ], Zhao and Ren [ 74 ], Ghosh et al [ 75 ], and Petrović-Ranđelovića et al [ 84 ] found a bidirectional long-term cointegrating relationship between economic growth and CO 2 emissions in the cases of Malaysia, the Visegrad Group countries, China, and Bangladesh, respectively, our finding on Saudi Arabia is clear and robust.…”

Section: Resultscontrasting

confidence: 63%

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

2021

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Objective While macroeconomic and environmental events affect the overall economic performance of nations, there has not been much research on the effects of important macroeconomic and environmental variables and how these can influence progress. Saudi Arabia’s economy relies heavily on its vast reserves of petroleum, natural gas, iron ore, gold, and copper, but its economic growth trajectory has been uneven since the 1990s. This study examines the effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia. Methods Annual time series dataset covering the period 1990–2019 has been extracted from the World Bank and General Authority of Meteorology and Environmental Protection, Saudi Arabia. The Autoregressive Distributed Lag (ARDL) approach to cointegration has served to investigate the long-run relationships among the variables. Several time-series diagnostic tests have been conducted on the long-term ARDL model to check its robustness. Results Saudi Arabia can still achieve higher economic growth without effectively addressing its unemployment problem as both the variables are found to be highly significantly but positively cointegrated in the long-run ARDL model. While the variable of carbon emissions demonstrated a negative effect on the nation’s economic growth, the variables of rainfall and temperate were to some extent cointegrated into the nation’s economic growth in negative and positive ways, respectively. Like most other nations the short-run effects of inflation and population on economic growth do vary, but their long-term effects on the same are found to be positive. Conclusions Saudi Arabia can achieve both higher economic growth and lower carbon emissions simultaneously even without effectively addressing the unemployment problem. The nation should utilize modern scientific technologies to annual rainfall losses and to reduce annual temperature in some parts of the country in order to achieve higher economic growth.

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Section: Resultscontrasting

confidence: 63%

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

2021

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“…However, the empirical validation of the pollution haven hypothesis has mostly depended on the empirical methodology adopted, the kind and sector of the foreign direct investment (FDI), and the pollutant examined. Some empirical studies have mentioned that the effect of the pollution is dependent on the variations in the technological frontiers of the multinationals and the host country (Dean et al, 2009;Sibanda & Ndlela, 2019;Vitenu-Sackey, 2020); the quality and regulatory framework of environmental and sustainability policies (Halliru et al, 2021;Kheder & Zugravu, 2012); availability and quality of natural resources in the host country (Dam & Scholtens, 2012;Petrović-Ranđelović et al, 2020); and most probably institutional quality, corruption and the rule of law (Manderson & Kneller, 2012).…”

Section: Literature Reviewmentioning

confidence: 99%

CO2 Emissions, Legal Strength & Environmental Sustainability Policies; And FDI Nexus In Sub-Saharan Africa

Asiedu

Aboagye

Arthur

et al. 2022

Preprint

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The study employed the two steps systems GMM technique to examine the effect of FDI inflow in 54 countries in Africa from 2004 -2020. The effects of FDI on the economy and growth are positive, provided that policymakers meet minimum conditions. The advantages of FDI are conditioned by the ability of the host country to assimilate technologies and by a local environment that is secure and transparent. The effects of FDI on the environment are inescapable. The results show that there is indeed a positive relationship between FDI inflows and CO2 emissions in Africa. The results also show that the intensity of CO2 emissions does depend on the increase in GDP growth (economic growth). However, with robust, sustainable environmental policies and legal quality, the effect of FDI inflow on CO2 emissions can be mitigated.

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“…Challenges related to energy security and more significant GHG emissions per capita are faced by other nations that utilize more energy. Emissions and energy security per capita is a significant challenge in nations, including the developed and underdeveloped countries, focusing on utilizing high energy as fossil fuel subsidies cause high GHG emissions (Petrović-Ranđelović et al, 2020). GHG emissions are most likely to be reduced emissions by the year 2030 down to 12% due to the reduction in subsidy forecasted for Australia.…”

Section: Conclusion and Policy Implicationmentioning

confidence: 99%

Financial Consideration of Energy and Environmental Nexus with Energy Poverty: Promoting Financial Development in G7 Economies

et al. 2021

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Energy and environmental concepts have been extensively studied in the past. However, these studies often lacked integrated analysis of energy, monetary, public, and ecological aspects to assess energy and environmental issues. This article provides analyzation of the G7 nations’ qualitative, social, cultural, and health achievement in the energy poverty indexes. These include the energy economics and climate change of energy poverty, by using DEA like a composite indicator. The G7 countries’ combined energy consumption is equal to 34% of the world’s total, whereas the GDP is 50% of the global total. As a result, this article develops a comprehensive series of energy, financial, societal, and environmental indicators that are up to date. Such indicators are utilized to assess energy financial, societal, and EPI using a mathematical composite indicator. Canada has the greatest EPII score, indicating that it can deal better than the other G7 countries with energy independence, productivity expansion, and social impact, and France’s and Italy’s the second tier. While Japan has a 0.50 EPI grade and the United States will have the lowest, the G7 countries are growing faster. Finally, we propose a policy framework for enhancing the research area. The energy, societal, and EPI were created by combining these elements. In terms of energy independence, economic growth, and sustainability practices, Canada beats the other G7 countries according to the data. France and Italy are in the 2nd and 3rd places, respectively. Despite having a higher level of economic development than the G7 countries, Japan has a 0.50 Environmental Performance Index rating, whereas the United States has a minimum average Environmental Performance Index rating. Finally, in order to improve the study’s subject, we propose a policy framework.

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Economic growth and carbon emissions: evidence from CIVETS countries

Cited by 33 publications

References 41 publications

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

CO2 Emissions, Legal Strength & Environmental Sustainability Policies; And FDI Nexus In Sub-Saharan Africa

Financial Consideration of Energy and Environmental Nexus with Energy Poverty: Promoting Financial Development in G7 Economies

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Economic growth and carbon emissions: evidence from CIVETS countries

Cited by 33 publications

References 41 publications

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

The effects of carbon emissions, rainfall, temperature, inflation, population, and unemployment on economic growth in Saudi Arabia: An ARDL investigation

CO2 Emissions, Legal Strength &amp; Environmental Sustainability Policies; And FDI Nexus In Sub-Saharan Africa

Financial Consideration of Energy and Environmental Nexus with Energy Poverty: Promoting Financial Development in G7 Economies

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CO2 Emissions, Legal Strength & Environmental Sustainability Policies; And FDI Nexus In Sub-Saharan Africa