Environmental degradation and economic growth: time-varying and nonlinear evidence from Nigeria

Saliminezhad, Andisheh; Özdeşer, Hüseyin; Birnintsaba, Dahiru Alhaji Bala

doi:10.1007/s10668-021-01702-8

Cited by 5 publications

(7 citation statements)

References 26 publications

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“…Their study confirms the inverted U-shaped between economic growth and carbon emission. Saliminezhad et al (2022) investigated the causal direction between CO2, renewable energy and the growth using both nonlinear and a novel timevarying causality model. The results revealed bidirectional causality between GDP and CO2.…”

Section: Empirical Literaturementioning

confidence: 99%

“…This paper utilizes annual data retrieved from world development indicators and Central Bank of Nigeria's (CBN) statistical bulleting spanning from 1984 until 2020. Following empirical studies of Abd et al (2022) and Saliminezhad et al (2022), this study augmented the EKC hypothesis by using CO2 per capita emission, GDP per capita, and Gross Fixed Capital Formation (GFCF). The stock market volatility (SMV) series is generated based on the procedure described by Levine and Zervos (1996) and Jude ( 2009).…”

Section: Data and Model Specificationmentioning

confidence: 99%

“…Kuznet's (1954 inverted U-shaped curve became the foundational stone for the EKC hypothesis which underpins the novel work of Grossman and Krueger (1991). Several studies have found that various indicators of environmental quality improve as income and consumption improve (Ibrahim and Gani, 2015;Farooq et al 2022;Saliminezhad et al 2022). The EKC hypothesis refutes the general belief that environmental degradation is limited to advanced countries that are burdened with industrialization (Cavusoglu et al 2019).…”

Section: Introductionmentioning

confidence: 98%

“…The environmental resource-base has an assimilative capacity. Once this capacity is exceeded, any further increase in pollution-generating activities can be harmful to humans, reduces the availability and productivity of available resources (Saliminezhad, Ozdeser and Birnintsaba, 2022), and in turn interferes with the environmental life support services (Mehmood et al 2021). On empirical accounts, Anwar and Elfaki (2021) have used rich data to validate the EKC paradigm taking into cognisance of the rising level of deforestation and pollution which increasingly affect human health and not the production possibilities.…”

Section: Introductionmentioning

confidence: 99%

“…Nonlinearity in series can lead to specification error in the standard linear framework (such as the traditional Granger causality model) which increases the likelihood of making a wrong inference. Although Saliminezhad et al (2022) have made a novel attempt to model the nonlinear properties of the C02-growth nexus, however, their study has failed to apply a nonlinear unit root test which would have helped establish econometrically whether nonlinearity exists in the series or not. This study addresses this issue by applying Kapetanios, Shin and Snell (hereafter, KSS) (2003) unit root in the exponential stationary smooth transition autoregressive (ESTAR) framework which paved way for determining the variables that exhibited asymmetric patterns.…”

Section: Introductionmentioning

confidence: 99%

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Mediating role of stock market volatility to evaluate asymmetries in the growth-degradation nexus in Nigeria

AlGhazali

Musa²,

Ibrahim³

et al. 2023

Int. J. Renew. Energy Dev.

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This study explores the mediating role of stock market volatility in the economic growth and environmental degradation nexus in Nigeria using data covering period from 1984 until 2020. The study uses Nonlinear Autoregressive Distributed Lag (NARDL) and a nonparametric asymmetric causality model. While the Wald test in model 1 reveals evidence of weak long-run asymmetric nexus between C02 and economic growth however, findings in model 2 indicates that stock market volatility (SMV) exerts a strong asymmetric effect in growth-C02 relation in the long-run. The result of nonlinear model validates the inverted U-shaped growth-degradation nexus consistent with EKC hypothesis. The finding in model 1 reveals that investment exerts a strong impact on C02 in both the short-run and long-run. On the other hand, the results in model 2 show that the positive component of economic growth has a positive and significant impact on C02 in Nigeria. However, the negative component of economic growth has a negative impact on C02. Moreover, the dynamic causality model reveals: (i) a feedback causality between C02 and the negative component of GDP; and (ii) a unidirectional causality flowing from C02 to the positive component of GDP. Similarly, result of nonlinear causality test reveals a feedback causality between CO2 and GDP. The implication of the finding suggests that while asymmetric properties of economic growth must be controlled in efforts of promoting environmental sustainability, the stock market has a dedicated role to play in widening access to funds for green investment in Nigeria and other developing economies

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Section: Empirical Literaturementioning

confidence: 99%

Section: Data and Model Specificationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 98%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Mediating role of stock market volatility to evaluate asymmetries in the growth-degradation nexus in Nigeria

AlGhazali

Musa²,

Ibrahim³

et al. 2023

Int. J. Renew. Energy Dev.

View full text Add to dashboard Cite

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Effects of climate policy uncertainty on sustainable investment: a dynamic analysis for the U.S

Olasehinde‐Williams

Özkan

Akadırı³

2023

Environ Sci Pollut Res

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The effect of economic variables on natural disasters and the impact of disasters on economic variables

Tasri

Karimi

Muslim

2022

Heliyon

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This study aims to study how disaster losses are affected by unemployment and poverty, then how disasters also cause income inequality in Indonesia and the causal relationship between disaster losses and income inequality. To determine the structural relationship between economic variables and disaster losses, the Structural Equation Model-Partial Least Squares (SEM -PLS) approach is used. This approach is an approach previously not found in economic and environmental studies. This study uses secondary data consisting of 30 years 1990-2019 collected from the territory of Indonesia. The results of the study found that unemployment and poverty variables had a significant effect on the disaster loss variable. The disaster loss variable has a significant effect on the income inequality variable. The income inequality variable has no effect on the disaster loss variable. Research is expected to contribute to the study of the impact of economic development and the environment.

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Environmental degradation and economic growth: time-varying and nonlinear evidence from Nigeria

Cited by 5 publications

References 26 publications

Mediating role of stock market volatility to evaluate asymmetries in the growth-degradation nexus in Nigeria

Mediating role of stock market volatility to evaluate asymmetries in the growth-degradation nexus in Nigeria

Effects of climate policy uncertainty on sustainable investment: a dynamic analysis for the U.S

The effect of economic variables on natural disasters and the impact of disasters on economic variables

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