Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics
This study examines the dynamic impact of financial development, trade openness, and economic growth on carbon dioxide (CO₂) emissions in Saudi Arabia. We applied the autoregressive distributed lag bound testing technique for the period of 1990–2019. The empirical results show a long-run cointegrat...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2023-07-01
|
| Series: | International Journal of Energy Economics and Policy |
| Subjects: | |
| Online Access: | http://econjournals.com/index.php/ijeep/article/view/14178 |
| _version_ | 1797781000334344192 |
|---|---|
| author | Zouheyr Gheraia Sawssan Saadaoui Hanane Abdelli Naeimah Fahad S. Almawishir Naif Nadi Abaalkaif |
| author_facet | Zouheyr Gheraia Sawssan Saadaoui Hanane Abdelli Naeimah Fahad S. Almawishir Naif Nadi Abaalkaif |
| author_sort | Zouheyr Gheraia |
| collection | DOAJ |
| description |
This study examines the dynamic impact of financial development, trade openness, and economic growth on carbon dioxide (CO₂) emissions in Saudi Arabia. We applied the autoregressive distributed lag bound testing technique for the period of 1990–2019. The empirical results show a long-run cointegration relationship among the variables. The long-run estimation results, however, reveal that, economic growth, and trade openness have a positive and significant impact on carbon dioxide emissions, whereas all variables have a negative and significant impact on carbon dioxide emissions, in the short-run. The findings suggest that the government should emphasize programs and policies that reduce carbon dioxide emissions by opening the trade sector, considering the roles that openness plays in reducing environmental degradation in the country, which directly enhances environmental quality.
|
| first_indexed | 2024-03-12T23:51:37Z |
| format | Article |
| id | doaj.art-c7d42a899d454909866799ce1c175be3 |
| institution | Directory Open Access Journal |
| issn | 2146-4553 |
| language | English |
| last_indexed | 2024-03-12T23:51:37Z |
| publishDate | 2023-07-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Energy Economics and Policy |
| spelling | doaj.art-c7d42a899d454909866799ce1c175be32023-07-13T14:35:03ZengEconJournalsInternational Journal of Energy Economics and Policy2146-45532023-07-0113410.32479/ijeep.14178Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental PoliticsZouheyr Gheraia0Sawssan Saadaoui1Hanane Abdelli2Naeimah Fahad S. Almawishir3Naif Nadi Abaalkaif4Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,Executive Master of Business Administration (EMBA) College of Business, Jouf University, Saudi Arabia. This study examines the dynamic impact of financial development, trade openness, and economic growth on carbon dioxide (CO₂) emissions in Saudi Arabia. We applied the autoregressive distributed lag bound testing technique for the period of 1990–2019. The empirical results show a long-run cointegration relationship among the variables. The long-run estimation results, however, reveal that, economic growth, and trade openness have a positive and significant impact on carbon dioxide emissions, whereas all variables have a negative and significant impact on carbon dioxide emissions, in the short-run. The findings suggest that the government should emphasize programs and policies that reduce carbon dioxide emissions by opening the trade sector, considering the roles that openness plays in reducing environmental degradation in the country, which directly enhances environmental quality. http://econjournals.com/index.php/ijeep/article/view/14178ARDL, Economic Growth, Financial Development, Trade Openness, Saudi Arabia |
| spellingShingle | Zouheyr Gheraia Sawssan Saadaoui Hanane Abdelli Naeimah Fahad S. Almawishir Naif Nadi Abaalkaif Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics International Journal of Energy Economics and Policy ARDL, Economic Growth, Financial Development, Trade Openness, Saudi Arabia |
| title | Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics |
| title_full | Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics |
| title_fullStr | Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics |
| title_full_unstemmed | Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics |
| title_short | Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics |
| title_sort | does financial development really improve environmental quality in al jouf region empirical contribution to the environmental politics |
| topic | ARDL, Economic Growth, Financial Development, Trade Openness, Saudi Arabia |
| url | http://econjournals.com/index.php/ijeep/article/view/14178 |
| work_keys_str_mv | AT zouheyrgheraia doesfinancialdevelopmentreallyimproveenvironmentalqualityinaljoufregionempiricalcontributiontotheenvironmentalpolitics AT sawssansaadaoui doesfinancialdevelopmentreallyimproveenvironmentalqualityinaljoufregionempiricalcontributiontotheenvironmentalpolitics AT hananeabdelli doesfinancialdevelopmentreallyimproveenvironmentalqualityinaljoufregionempiricalcontributiontotheenvironmentalpolitics AT naeimahfahadsalmawishir doesfinancialdevelopmentreallyimproveenvironmentalqualityinaljoufregionempiricalcontributiontotheenvironmentalpolitics AT naifnadiabaalkaif doesfinancialdevelopmentreallyimproveenvironmentalqualityinaljoufregionempiricalcontributiontotheenvironmentalpolitics |