Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and inco...
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| Format: | Article |
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Taylor and Francis Inc.
2016
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| _version_ | 1796862123397087232 |
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| author | Saboori, B. Al-Mulali, U. Bin Baba, M. Mohammed, A. H. |
| author_facet | Saboori, B. Al-Mulali, U. Bin Baba, M. Mohammed, A. H. |
| author_sort | Saboori, B. |
| collection | ePrints |
| description | This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and income, labour, capital, oil consumption and oil price as economic indicators. Employing the Autoregressive Distributed Lag (ARDL) approach, by comparing the short and long-run income elasticities, the EKC hypothesis is present in six OPEC countries namely Algeria, Iraq, Venezuela, Nigeria, Qatar and Kuwait. Moreover, the Toda-Yamamoto-Dolado-Lütkepohl (TYDL) causality tests outcome show that, after oil consumption, the most significant factors in increasing ecological footprint are labor and capital. This implies the relocation of pollution intensive industries to almost all of the OPEC countries. However, oil prices reduce environmental damage by its negative effect on the ecological footprint. From the outcome of this study it is important for the investigated countries to reduce their consumption of fossil fuel energy since it represents an important source of pollution. This can be achieved by allocating more labor and capital in projects and investments on renewable energy, energy efficiency and energy saving. |
| first_indexed | 2024-03-05T20:06:48Z |
| format | Article |
| id | utm.eprints-73725 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T20:06:48Z |
| publishDate | 2016 |
| publisher | Taylor and Francis Inc. |
| record_format | dspace |
| spelling | utm.eprints-737252017-11-18T03:15:23Z http://eprints.utm.my/73725/ Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) Saboori, B. Al-Mulali, U. Bin Baba, M. Mohammed, A. H. HD Industries. Land use. Labor HD1394-1394.5 Real estate management This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and income, labour, capital, oil consumption and oil price as economic indicators. Employing the Autoregressive Distributed Lag (ARDL) approach, by comparing the short and long-run income elasticities, the EKC hypothesis is present in six OPEC countries namely Algeria, Iraq, Venezuela, Nigeria, Qatar and Kuwait. Moreover, the Toda-Yamamoto-Dolado-Lütkepohl (TYDL) causality tests outcome show that, after oil consumption, the most significant factors in increasing ecological footprint are labor and capital. This implies the relocation of pollution intensive industries to almost all of the OPEC countries. However, oil prices reduce environmental damage by its negative effect on the ecological footprint. From the outcome of this study it is important for the investigated countries to reduce their consumption of fossil fuel energy since it represents an important source of pollution. This can be achieved by allocating more labor and capital in projects and investments on renewable energy, energy efficiency and energy saving. Taylor and Francis Inc. 2016 Article PeerReviewed Saboori, B. and Al-Mulali, U. and Bin Baba, M. and Mohammed, A. H. (2016) Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC). International Journal of Green Energy, 13 (4). pp. 408-416. ISSN 1543-5075 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84961901850&doi=10.1080%2f15435075.2014.961468&partnerID=40&md5=ea861f3d492b278c3907f59b7acb3024 |
| spellingShingle | HD Industries. Land use. Labor HD1394-1394.5 Real estate management Saboori, B. Al-Mulali, U. Bin Baba, M. Mohammed, A. H. Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title | Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title_full | Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title_fullStr | Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title_full_unstemmed | Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title_short | Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) |
| title_sort | oil induced environmental kuznets curve in organization of petroleum exporting countries opec |
| topic | HD Industries. Land use. Labor HD1394-1394.5 Real estate management |
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