Oil-Induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)

Saboori, Behnaz; Al‐mulali, Usama; Baba, Maizan; Mohammed, Abdul Hakim

doi:10.1080/15435075.2014.961468

Cited by 56 publications

(22 citation statements)

References 58 publications

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“…Then, the increase in energy consumption may increase CO 2 emissions but not economic growth. Saboori et al ( 2016 ) used oil consumption, oil price, labor, and capital to examine the environmental quality curve hypothesis for 10 OPEC countries by applying the ARDL model. They found that oil prices reduce pollution.…”

Section: Oil Price and Carbon Dioxide Emissionsmentioning

confidence: 99%

Investigation of the N-shaped environmental Kuznets curve for COVID-19 mitigation in the KSA

Aljadani

Toumi

et al. 2021

Environ Sci Pollut Res

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Climate change mitigation has led to a recent question regarding many policymakers and sustainable development goals (SDGs) of the Kingdom of Saudi Arabia (KSA) for Vision 2030. In 2019 and 2020, COVID-19 mitigation was the only issue the world raised questions about; for example, the KSA and the rest of the world are working diligently to meet COVID-19 mitigation targets. To assess policy supervision in terms of the ability to achieve COVID-19 targets, this survey examines the operators necessary to achieve the SDGs in regard to improving COVID-19 mitigation and increasing economic growth. In particular, we examine COVID-19 mitigation under the setting of an N-shaped environmental Kuznets curve (N-shaped EKC) in the KSA. To identify the COVID-19 shock in the KSA, the effects of oil price and oil rent on CO 2 emissions are examined. The results of the autoregressive distributed lag (ARDL) and non-autoregressive distributed lag (NARDL) bound testing approach indicate that due to the COVID-19 pandemic, the inverted Nshaped EKC hypothesis is validated in the long term. Empirically, we find that oil price strengthens the relationship of level, quadratic and cubic of economic growth and environmental quality while oil rent weakens this relationship. Additionally, the long-term incidences of positive shocks on oil price in the presence of COVID-19 outbreak are not similar to the negative shock to CO 2 emissions, implying the existence of asymmetric impacts on carbon dioxide emissions in long-term forms. Our research implies that an oil price shock could be judicious for macro guidance of the economy in the KSA. Our findings are helpful for policymakers and investors in terms of their settlement planning because they can be used to evaluate prospective courses of economic profitability under the COVID-19 shock.

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Section: Oil Price and Carbon Dioxide Emissionsmentioning

confidence: 99%

Investigation of the N-shaped environmental Kuznets curve for COVID-19 mitigation in the KSA

Aljadani

Toumi

et al. 2021

Environ Sci Pollut Res

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“…75 The EF has been used by many EKC analysts as a dependent variable. 11,15,[76][77][78][79][80][81][82] However, studies that use the EF to investigate the EKC hypothesis have provided mixed results. York et al 27 conducted a study of 139 countries by using the EF as a dependent variable and found that the EKC is generally only relevant in developed countries.…”

Section: Literature Reviewmentioning

confidence: 99%

Determinants of ecological footprint in MINT countries

Doğan

Taşpınar

Gökmenoğlu

2019

Energy & Environment

204

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Environmental Kuznets curve literature mostly uses a single indicator as a measure for environmental degradation. However, each single variable captures only a part of the environmental problem, and a reduction in any single measure does not indicate that the environmental problem is diminishing in general. Our study is the first one which investigates the validity of the environmental Kuznets curve hypothesis for the Mexico, Indonesia, Nigeria, and Turkey (MINT) countries by employing the ecological footprint as the measure of environmental degradation. Autoregressive distributed lag results indicate that the environmental Kuznets curve hypothesis is valid for each of the MINT countries for the period of 1971-2013. The long-run coefficients of our augmented environmental Kuznets curve model show that fossil fuel energy consumption, exports, urbanization, and financial development are the most common causes of anthropogenic pressure on the environment. The effects of exports and imports are negative and positive on environmental degradation, respectively. The long-run coefficients of urbanization, financial development, and renewable energy consumption differ at certain levels for the sampled countries. The results of the analysis point to a number of different policy proposals for each country.

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“…The variance decomposition analysis shows that substantial increase in the level of energy consumption may not likely generate significant growth in the level of economic activities but an increase in the level of CO 2 emissions due to the underlying influence of oil wealth on economic activities in the oil-resource-dependent economy. Saboori et al (2016) employed the autoregressive distributive lag (ARDL) approach to cointegration and the Toda-Yamamoto modified Wald test procedure for Granger causality analysis to examine the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC) over the period . The study used ecological footprint to measure environmental quality and income, labor, capital, oil consumption and oil price as drivers of economic activities.…”

Section: A Brief Literature Reviewmentioning

confidence: 99%

Oil price, energy consumption and carbon dioxide (CO2) emissions: insight into sustainability challenges in Venezuela

Agbanike¹,

Nwani²,

Uwazie

et al. 2019

Lat Am Econ Rev

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According to the Organization of Petroleum Exporting Countries (OPEC), the Bolivarian Republic of Venezuela has one of the world's largest proven crude oil reserves with 302,809 million barrels (OPEC Annual Statistical Bulletin 2018). Using average daily crude oil production for 2017 (see Fig. 1a), it would take over 390 years for Venezuela to run out of crude oil. This means that Venezuela will remain as a major crude oil producing country for a long time. Looking at the way Venezuela has managed its vast oil

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Oil-Induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)

Cited by 56 publications

References 58 publications

Investigation of the N-shaped environmental Kuznets curve for COVID-19 mitigation in the KSA

Investigation of the N-shaped environmental Kuznets curve for COVID-19 mitigation in the KSA

Determinants of ecological footprint in MINT countries

Oil price, energy consumption and carbon dioxide (CO2) emissions: insight into sustainability challenges in Venezuela

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