Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5%...
| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
Faculty of Economics and Administration, University of Malaya
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf |
| _version_ | 1796978419745947648 |
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| author | Ali, Hamisu Sadi Law, Siong Hook Yusop, Zulkornain Lee, Chin |
| author_facet | Ali, Hamisu Sadi Law, Siong Hook Yusop, Zulkornain Lee, Chin |
| author_sort | Ali, Hamisu Sadi |
| collection | UPM |
| description | Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5% level of significance. Furthermore based on short run dynamics, financial development, economic growth and energy consumption have positive significant impact on CO2 emissions, while trade openness have negative insignificant impact on CO2 emissions. In the long-run however, the finding proved that financial development, economic growth and energy consumption have positive and significant influence on CO2 emissions, while trade openness has negative significant impact on CO2 emissions in Nigeria. The policy implication is that Nigerian public authority should focus more on initiating environmentally friendly policies that can reduce carbon emissions and explore other alternative sources of energy considering its movement with the financial sector performance. Proper trade liberalization policies should be put in place considering its roles in reducing carbon emission that will improve environmental quality in the country. |
| first_indexed | 2024-03-06T09:54:18Z |
| format | Conference or Workshop Item |
| id | upm.eprints-66993 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T09:54:18Z |
| publishDate | 2015 |
| publisher | Faculty of Economics and Administration, University of Malaya |
| record_format | dspace |
| spelling | upm.eprints-669932019-03-06T05:34:31Z http://psasir.upm.edu.my/id/eprint/66993/ Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework Ali, Hamisu Sadi Law, Siong Hook Yusop, Zulkornain Lee, Chin Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5% level of significance. Furthermore based on short run dynamics, financial development, economic growth and energy consumption have positive significant impact on CO2 emissions, while trade openness have negative insignificant impact on CO2 emissions. In the long-run however, the finding proved that financial development, economic growth and energy consumption have positive and significant influence on CO2 emissions, while trade openness has negative significant impact on CO2 emissions in Nigeria. The policy implication is that Nigerian public authority should focus more on initiating environmentally friendly policies that can reduce carbon emissions and explore other alternative sources of energy considering its movement with the financial sector performance. Proper trade liberalization policies should be put in place considering its roles in reducing carbon emission that will improve environmental quality in the country. Faculty of Economics and Administration, University of Malaya 2015 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf Ali, Hamisu Sadi and Law, Siong Hook and Yusop, Zulkornain and Lee, Chin (2015) Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework. In: Postgraduate Conference on Economics, Public Administration and Business (PCEPAB 2015), 5 Sept. 2015, Faculty of Economics and Administration, University of Malaya. (pp. 282-291). |
| spellingShingle | Ali, Hamisu Sadi Law, Siong Hook Yusop, Zulkornain Lee, Chin Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title | Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title_full | Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title_fullStr | Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title_full_unstemmed | Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title_short | Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework |
| title_sort | dynamic links between financial development and co2 emissions in nigeria evidence from ardl bound test framework |
| url | http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf |
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