Oil Price and Slumps Effects on Personal Consumption in Saudi Arabia

Zamil, Ahmad M. A.; Mahmood, Haider

doi:10.32479/ijeep.7763

Cited by 22 publications

(18 citation statements)

References 4 publications

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“…This means that increase in the urban population by 1% is the same thing as increasing the level of environmental pollution by 0.4297% in the long-run period and this indicate that urbanization is among the drivers of environmental pollution in the country as the empirical finding corroborate the findings of Ahmad et al (2013) for South Asian nations, Mahmood and Zamil (2019) for Saudi.…”

supporting

confidence: 82%

Crude Oil Price, Urbanization and Environmental Pollution in Nigeria: Evidence from ARDL Approach

Maijama’a¹,

Musa

2020

Asian Journal of Economic Modelling

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The impacts of crude oil price and urbanization on environmental pollution in Nigeria for the time frame of 1981 to 2016 is the main objective of this paper and the objective was achieved through the application of Augmented Dickey Fuller and Kwiatkowski Philip Schmidt Shin unit root tests together with Autoregressive Distributed Lag Model in the process of achieving stationarity and cointegration among the variables. The results obtained showed from ADF indicate that foreign direct investment and urbanization were stationary at level while environmental pollution and crude oil price at first difference. But KPSS result revealed that all the variables with the exception of urbanization were stationary at level and the bound test result revealed that all the variables are cointegrated. The long-run and the short-run findings indicate that foreign direct investment and crude oil price have significant negative sign with environmental pollution for the periods under study and this shows that these variables are helps in ensuring clean environment and maintain the quality of the environment. But urbanization results from the long-run and the short-run models shows that it has significant positive sign with environmental pollution and this signifies that urbanization is among the drivers of environmental pollution in the country. We recommend that for the country to maintain good environmental quality the country must limit the process of urbanization to best level in order to reduce the associated environmental impacts and to maintain balance were the quality of the environment is not harm by the increasing urbanization. Contribution/ Originality: This study contributes to the existing literatures by providing evidence that rise in crude oil price helps in reducing the level of environmental pollution and urbanization is accountable for the increase in the level of environmental pollution in Nigeria.

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confidence: 82%

Crude Oil Price, Urbanization and Environmental Pollution in Nigeria: Evidence from ARDL Approach

Maijama’a¹,

Musa

2020

Asian Journal of Economic Modelling

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“…Incorporating oil prices in the analysis can provide more context to a certain level while the environmental profile of the country gets formed. Mahmood and Zamil (2019) argued that energy consumption seem to have a long-term relationship in the country from 1970 to 2016. The results suggest that oil prices impact the energy consumption in the country to a significant extent which indicates that the energy sector is directly tied to activities in the macroeconomic context.…”

Section: Introductionmentioning

confidence: 99%

Energy consumption, economic growth and pollution in Saudi Arabia

Mahmood¹,

Alkhateeb²,

Al-Qahtani³

et al. 2020

10.5267/j.msl

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Economic growth is very basic need of any economy but its environmental effects should not be ignored. We investigate the environmental effects of economic growth and energy consumption of Saudi Arabia. The study uses data of a period 1968-2014 and cointegration test and corroborates a long-and short-run relationships. The results indicate that economic growth and energy consumption contributes in CO2 emissions in both long-and short-run. It means that increasing economic growth of the Kingdom has social cost on the economy in terms of pollution emissions. Based on findings, we recommend to use the alternative renewable sources of energy consumption to avoid the pollution effects of growth in Saudi Arabia.

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“…Moreover, the public debts were also found helpful to support the budget. Mahmood and Zamil (2019) investigated the role of OP on the personal consumption of Saudi Arabia during 1970-2016 and found the positive association. However, the effect of OP slump was found insignificant on the personal consumption.…”

Section: Literature Reviewmentioning

confidence: 99%

Oil Price and Capital Formation Nexus in GCC Countries: Asymmetry Analyses

Alkhateeb

Mahmood

2020

IJEEP

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Oil price (OP) may support the oil dependent economies in term of macroeconomic performance. We investigate the asymmetrical effect of OP on capital formation of gulf cooperation council (GCC) countries. We found long and short relationship in all GCC models. Increasing OP has positive effect on capital formation of all GCC countries except Oman and Qatar in long run. Decreasing OP has positive effect on capital formation in UAE, Saudi Arabia and Bahrain. Increasing OP has positive effect on capital formation of Bahrain and UAE and carries negative impact in Kuwait and Qatar in short run. Decreasing OP positively affects the capital formation of Bahrain and Saudi Arabia and has negative effect in Kuwait, Oman and UAE. Moreover, asymmetrical effect of OP on capital formation is verified in GCC countries except UAE in long run and in all GCC countries except Bahrain and Kuwait in short run.

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Oil Price and Slumps Effects on Personal Consumption in Saudi Arabia

Cited by 22 publications

References 4 publications

Crude Oil Price, Urbanization and Environmental Pollution in Nigeria: Evidence from ARDL Approach

Crude Oil Price, Urbanization and Environmental Pollution in Nigeria: Evidence from ARDL Approach

Energy consumption, economic growth and pollution in Saudi Arabia

Oil Price and Capital Formation Nexus in GCC Countries: Asymmetry Analyses

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