Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach
This study explores the symmetric and asymmetric impact of real GDP per capita, FDI inflow, and crude oil price on CO2 emission in Tunisia for the 1972–2016 period. Using the cointegration tests, namely ARDL and NARDL bound test, the results show that the variables are associated in a long run relat...
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| Format: | Article |
| Language: | English |
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LLC "CPC "Business Perspectives"
2021-01-01
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| Series: | Environmental Economics |
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| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14586/EE_2021_01_Ghazouani.pdf |
| _version_ | 1818657095699922944 |
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| author | Tarek Ghazouani |
| author_facet | Tarek Ghazouani |
| author_sort | Tarek Ghazouani |
| collection | DOAJ |
| description | This study explores the symmetric and asymmetric impact of real GDP per capita, FDI inflow, and crude oil price on CO2 emission in Tunisia for the 1972–2016 period. Using the cointegration tests, namely ARDL and NARDL bound test, the results show that the variables are associated in a long run relationship. Long run estimates from both approach confirms the validity of ECK hypothesis for Tunisia. Symmetric analysis reveals that economic growth and the price of crude oil adversely affect the environment, in contrast to FDI inflows that reduce CO2 emissions in the long run. Whereas the asymmetric analysis show that increase in crude oil price harm the environment and decrease in crude oil price have positive repercussions on the environment. The causality analysis suggests that a bilateral link exists between economic growth and carbon emissions and a one-way causality ranges from FDI inflows and crude oil prices to carbon emissions. Thus, some policy recommendations have been formulated to help Tunisia reduce carbon emissions and support economic development. |
| first_indexed | 2024-12-17T03:36:02Z |
| format | Article |
| id | doaj.art-b63901a027d54cbb8b63e63b73271a6e |
| institution | Directory Open Access Journal |
| issn | 1998-6041 1998-605X |
| language | English |
| last_indexed | 2024-12-17T03:36:02Z |
| publishDate | 2021-01-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Environmental Economics |
| spelling | doaj.art-b63901a027d54cbb8b63e63b73271a6e2022-12-21T22:05:07ZengLLC "CPC "Business Perspectives"Environmental Economics1998-60411998-605X2021-01-0112111310.21511/ee.12(1).2021.0114586Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approachTarek Ghazouani0https://orcid.org/0000-0001-5879-100XPh.D, Faculty of Law, Economics and Management of Jendouba University of JendoubaThis study explores the symmetric and asymmetric impact of real GDP per capita, FDI inflow, and crude oil price on CO2 emission in Tunisia for the 1972–2016 period. Using the cointegration tests, namely ARDL and NARDL bound test, the results show that the variables are associated in a long run relationship. Long run estimates from both approach confirms the validity of ECK hypothesis for Tunisia. Symmetric analysis reveals that economic growth and the price of crude oil adversely affect the environment, in contrast to FDI inflows that reduce CO2 emissions in the long run. Whereas the asymmetric analysis show that increase in crude oil price harm the environment and decrease in crude oil price have positive repercussions on the environment. The causality analysis suggests that a bilateral link exists between economic growth and carbon emissions and a one-way causality ranges from FDI inflows and crude oil prices to carbon emissions. Thus, some policy recommendations have been formulated to help Tunisia reduce carbon emissions and support economic development.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14586/EE_2021_01_Ghazouani.pdfARDLCO2 emissioncrude oil priceseconomic growthFDI inflowNARDL |
| spellingShingle | Tarek Ghazouani Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach Environmental Economics ARDL CO2 emission crude oil prices economic growth FDI inflow NARDL |
| title | Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach |
| title_full | Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach |
| title_fullStr | Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach |
| title_full_unstemmed | Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach |
| title_short | Impact of FDI inflow, crude oil prices, and economic growth on CO2 emission in Tunisia: Symmetric and asymmetric analysis through ARDL and NARDL approach |
| title_sort | impact of fdi inflow crude oil prices and economic growth on co2 emission in tunisia symmetric and asymmetric analysis through ardl and nardl approach |
| topic | ARDL CO2 emission crude oil prices economic growth FDI inflow NARDL |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/14586/EE_2021_01_Ghazouani.pdf |
| work_keys_str_mv | AT tarekghazouani impactoffdiinflowcrudeoilpricesandeconomicgrowthonco2emissionintunisiasymmetricandasymmetricanalysisthroughardlandnardlapproach |