Symmetric and asymmetric effects of financial development on carbon dioxide emissions in Nigeria: Evidence from linear and nonlinear autoregressive distributed lag analyses

Omoke, Philip C.; Opuala–Charles, Silva; Nwani, Chinazaekpere

doi:10.1177/0144598720939377

Cited by 29 publications

(23 citation statements)

References 51 publications

(70 reference statements)

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“…The significance of LD + at 1% with value −2.5040 is explained by the nonlinear relationship between CO 2 emission and lockdown. The CO 2 emission decreases due to strict lockdown in India during pandemic spread (Azam et al, 2020 ; Mohsin, Naiwen, et al, 2020 ; Mohsin, Naseem, et al, 2020 ; Omoke et al, 2020 ). As per the graphical presentation, the CO 2 emission started decreasing from the starting point of COVID-19 breakout because people stayed in their homes to avoid the risk of viruses.…”

Section: Resultsmentioning

confidence: 99%

Modeling the relationship between carbon emissions and environmental sustainability during COVID-19: a new evidence from asymmetric ARDL cointegration approach

Sarfraz¹,

Mohsin

Naseem

et al. 2021

Environ Dev Sustain

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The study aims to examine the CO 2 emissions by considering the implication of COVID-19 under strict lockdown in India. The nonlinear (asymmetric) relationship is investigated between CO 2 emission and COVID-19 with its specific determinants. The positive and negative asymmetries of COVID-19 determinants are also captured by using econometric techniques. The daily data series of CO 2 emission, new confirmed cases, confirmed deaths, and lockdown as dummy variables from January 30, 2020, to December 1, 2020, for India is analyzed by employing the nonlinear autoregressive distributed lag model. This research revealed a significant nonlinear relationship between CO 2 emission and COVID-19. The bound test and asymmetric coefficients are confirmed by the variables' long- and short-run relationships. The dynamic multiplier graphs present that India's strict lockdown due to the rapid increase in COVID-19 patients significantly reduces toxic gas emissions, especially CO 2 emissions. This asymmetric relationship has been proficiently declared that unhealthy public routine, extra traffic, and unhygienic gases released in the air become the reason for environmental destruction. The lockdown is practically imposed for specific periods and reasons, contributing to reducing toxic emissions, but it is not a permanent solution for environmental sustainability. The government of India, policymakers, and environmentalists should make people aware of unhealthy and environmentally envying activities and policies and long-term applicable strategies should be designed to upgrade the environment's quality.

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Section: Resultsmentioning

confidence: 99%

Modeling the relationship between carbon emissions and environmental sustainability during COVID-19: a new evidence from asymmetric ARDL cointegration approach

Sarfraz¹,

Mohsin

Naseem

et al. 2021

Environ Dev Sustain

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“…e behavior of environmental protection is also called environmental lowcarbon behavior and environmental protection behavior in China [1][2][3]. At present, the research of environmental protection awareness by experts within the industry mainly focuses on the in uence of demographic factors such as the age, education level, and birth environment of citizens, as well as subjective environmental ecological education, environmental attitude, and environmental protection awareness or from the perspective of tourism motivation.…”

Section: Introductionmentioning

confidence: 99%

[Retracted] Investigating the Impact of Transportation Infrastructure and Tourism on Carbon Dioxide Emissions in China

Zhang

2022

Journal of Environmental and Public Health

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In order to effectively address or eliminate the impact of CO2 emissions, it is essential to investigate the analysis of CO2 emissions under transport infrastructure and tourism. Transportation infrastructure helps to achieve carbon dioxide emission limitation, which is crucial for resource distribution, effectively summarizing the regularity and innovation in the process of carbon dioxide emission limitation. In the case of fully grasping the principles of low-carbon tourism development and related policy protection, a suitable low-carbon tourism development model is found. By constructing a data analysis model, this paper analyzes the impact of transportation infrastructure and ecotourism on carbon dioxide emission limitation. In terms of methods and systems, effective measures are given to the role of Chinese traffic settings in tourism, and the carbon emission system of the entire life cycle of traffic settings is analyzed, and the boundary of the impact of traffic carbon emissions on tourism is determined. In response to this problem, it is necessary to reform and optimize the transportation facility of the carbon emission accounting method, which has a positive effect on the green development and low-carbon development of the Chinese economy for ecotourism and transportation infrastructure.

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“…The study did not include market capitalization over GDP, a comprehensive indicator of the financial sector that measures the volume of liquidity given to the economy by the stock market and other financial institutions. Additionally, Lorember et al (2020) and Omoke et al (2020) only conducted examinations that covered the years 1971 through 2014 and 1990, respectively; they did not extend their coverage to 2020. The novelty of this study is ascertaining the moderating role of financial development on the relationship between carbon dioxide emissions and economic growth in Nigeria by assessing the marginal effect of CO2 emissions on economic growth at different levels of financial development.…”

Section: Introductionmentioning

confidence: 99%

Carbon Dioxide Emissions and Economic Growth Nexus in Nigeria: The Role of Financial Development

Abubakar

Abdullahi

2022

Am J Soc Sci Hum

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This study examines the effect of carbon dioxide emissions on economic growth, including investigating whether the CO2-economic growth relationship is dependent on financial development in Nigeria between 1980 and 2020. Due to dwindling economic growth, Nigeria experienced two recessions in one decade. Besides poor growth rates, Nigeria remains a leading emitter of CO2 in the Sub-Saharan region. The motivation for this study derived from the rising level of carbon dioxide emissions in Nigeria which might affect economic growth by dwindling agricultural activities (low output) in some regions, pose health challenges and create a shortage of inputs to agro-allied industries. Hence, this paper attempted to see if there was a causal relationship between carbon dioxide emissions, financial development, and economic growth in Nigeria. The relationship between the variables was examined using the Autoregressive Distributed Lag estimation technique (ARDL) estimation method. The framework for this study has its basis in the endogenous growth theory and utilizes the growth and pollution stock model which showed that sustainable economic growth is influenced by a large stock of pollution (CO2 emission). The results of the boundaries test for cointegration showed a long-term relationship between CO2 emissions, economic expansion, financial development, and energy use. According to empirical data, CO2 emissions have little long-term impact on economic growth. However, there is evidence that the interaction of CO2 emissions and financial development promotes economic growth over the long term, suggesting that CO2 emissions only have an economic influence when there is financial development.

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Symmetric and asymmetric effects of financial development on carbon dioxide emissions in Nigeria: Evidence from linear and nonlinear autoregressive distributed lag analyses

Cited by 29 publications

References 51 publications

Modeling the relationship between carbon emissions and environmental sustainability during COVID-19: a new evidence from asymmetric ARDL cointegration approach

Modeling the relationship between carbon emissions and environmental sustainability during COVID-19: a new evidence from asymmetric ARDL cointegration approach

[Retracted] Investigating the Impact of Transportation Infrastructure and Tourism on Carbon Dioxide Emissions in China

Carbon Dioxide Emissions and Economic Growth Nexus in Nigeria: The Role of Financial Development

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