2021
DOI: 10.20473/jde.v6i1.22448
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Financial Market Development and Co2 Emissions Nexus in Nigeria: An Application of Ardl Approach

Abstract: The paper investigated the impact of financial development on CO2 emissions in Nigeria from 1981 to 2019. In the process of investigating the impact, Augmented Dickey-Fuller and Philip Perron, as well as the Zivot-Andrew structural breaks, unit root tests were applied. Their results indicated that financial development, level of income, and CO2 emissions were stationary at the first difference and that of Zivot-Andrew structural breaks indicated a mixture of integration. Cointegration relationship among the va… Show more

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Cited by 4 publications
(3 citation statements)
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References 34 publications
(40 reference statements)
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“…On the cloud computing or DC side, when the system detects that any VM request arrives, the CP will make corresponding decisions based on the type of the VM request and the corresponding revenue. Correspondingly, the state of the system also changes accordingly [27]. At this time, SPADP updates the state value function of the current system according to the decision of CP, the income obtained, and the value function update rules.…”
Section: (12)mentioning
confidence: 99%
“…On the cloud computing or DC side, when the system detects that any VM request arrives, the CP will make corresponding decisions based on the type of the VM request and the corresponding revenue. Correspondingly, the state of the system also changes accordingly [27]. At this time, SPADP updates the state value function of the current system according to the decision of CP, the income obtained, and the value function update rules.…”
Section: (12)mentioning
confidence: 99%
“…Many previous studies have been conducted to examine the factors contributing to reducing carbon emissions [1][2][3][4][5][6][7][8][9][10][11]. Among the most significant variables are energy consumption [10,[12][13][14], foreign direct investment [4,9,15], economic growth [3,4,6,9,16], trade openness [6,17], financial efficiency and development [2,[18][19][20][21][22][23][24][25][26] and many other variables. The Environmental Kuznets Curve (EKC) model is commonly utilised in conjunction with the examination of renewable-energy usage towards CO2 emissions and GDP [27].…”
Section: Co2 Emissionmentioning
confidence: 99%
“…There are diverse arguments among scholars regarding the nexus between FD and environmental quality maintenance. One school of thought claims that FD minimizes the barriers to investing in green energy consumption projects that steadily reduce CO2 emissions [6,7,8]. In contrast, others argue that development in the industrial sector increases energy usage and pollution [9,10].…”
Section: Association Of Financial Development and Carbon Dioxide Co2 ...mentioning
confidence: 99%