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

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

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Abstract

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.

Item Type:Article
Uncontrolled Keywords:Ecology, Energy conservation, Energy efficiency, Environmental impact, Fossil fuels, Investments, Pollution, Causality test, Cointegration, Ecological footprint, Oil consumption, OPEC countries, Economics, alternative energy, cointegration analysis, ecological footprint, environmental indicator, Kuznets curve, oil supply, OPEC, renewable resource
Subjects:H Social Sciences > HD Industries. Land use. Labor
H Social Sciences > HD Industries. Land use. Labor > HD1394-1394.5 Real estate management
Divisions:Geoinformation and Real Estate
ID Code:73725
Deposited By: Haliza Zainal
Deposited On:18 Nov 2017 11:15
Last Modified:18 Nov 2017 11:15

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