The nexus between economic growth, financial development, trade openness, and CO2 emissions in European countries

Jamel, Lamia; Maktouf, Samir

doi:10.1080/23322039.2017.1341456

Cited by 157 publications

(65 citation statements)

References 59 publications

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“…Dinh and Lin (2014) have found evidence of a positive relationship between GDP and CO 2 emission in the previous period. This result supports for conclusions of Esteve and Tamarit (2012) while focusing on the Kuznets Curve in Spain, Fodha and Zaghdoud (2010) in Tunisia, Govindaraju and Tang (2013), , and Jamel and Maktouf (2017). The estimated results of the Vector error correction model in Table 5 specified that the error correction term of the equation, in the long-run, is -0.6116 and significant at 1% level.…”

Section: Vector Error Correction Modelsupporting

confidence: 77%

“…The empirical findings concluded that there is a bidirectional relationship between energy consumption, GDP, and greenhouse gas emissions and between GDP, greenhouse gas emissions, and energy consumption in the long-term. Jamel and Maktouf (2017) highlight the bidirectional causality between economic growth, financial development, trade openness, and CO 2 emissions in Eurozone by applying Cobb-Douglas production function during period 1985-2014. Dogan et al (2017) indicate the long-run dynamic relationship of CO 2 emissions, real GDP and energy consumption through employing dynamic ordinary least squares estimation for Organization for Economic Cooperation and Development member countries.…”

Section: Introductionmentioning

confidence: 99%

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Short-and long-term effects of GDP, energy consumption, FDI, and trade openness on CO2 emissions

Trang¹,

Dinh²

2020

10.5267/j.ac

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This research applies a Vector error correction model to investigate the long-run and short-run effects of gross domestic product (GDP), energy consumption, foreign direct investment (FDI), and trade openness on CO2 emissions. The findings indicate that in the long run, GDP growth per capita has a negative influence on CO2 emission. Energy consumption and trade openness negatively affect CO2 emission. The foreign direct investment as the percentage of GDP in a long time has a positive relationship with CO2 emission. Furthermore, the short-run GDP per capita affects CO2 emission with two-year lags and energy consumption influences CO2 emission with a one-year lag. These observations have many implications for policy-makers in issuing the FDI policy in Vietnam in recent times and considering the impact of economic development on protecting the sustainable growth in the long-run.

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Section: Vector Error Correction Modelsupporting

confidence: 77%

Section: Introductionmentioning

confidence: 99%

Short-and long-term effects of GDP, energy consumption, FDI, and trade openness on CO2 emissions

Trang¹,

Dinh²

2020

10.5267/j.ac

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“…The findings showed that financial development increases the emissions of CO2. These studies include (Boutabba, 2014;Jamel & Maktouf, 2017;Li, Zhang, & Ma, 2015;Ozturk & Acaravci, 2013;Saboori, Sulaiman, & Mohd, 2012;Zhang, 2011), while some studies found a negative relationship between financial development and CO2 emissions. These studies include (Mulali, Tang, & Oztur, 2015;Saidi & Mbarek, 2017;Xing, Jiang, & Ma, 2017).…”

Section: B the Relationship Between Remittances And Co2 Emissionsmentioning

confidence: 99%

Does the inflow of remittances cause environmental degradation? Empirical evidence from China

Ahmad

Haq

Khan

et al. 2019

Economic Research-Ekonomska Istraživanja

126

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Remittances inflow plays a significant role in promoting the economic welfare of a country; it has a multidimensional effect on the economy and links with the carbon emissions. This study examines the possible asymmetric transmissions from remittances to carbon dioxide emissions (CO2) in China using time series data from 1980 to 2014. The Non-linear NARDL method is employed to check the longrun asymmetric relationship between remittances inflow and carbon emissions. The findings show that a positive shock in remittances causes an increase in CO2 emissions, while a negative shock in remittances causes a decrease in CO2 emissions. The results support the existence of an asymmetric cointegrating relationship between remittances and CO2 emissions in both short run and the long run. The NARDL dynamic multiplier graph assumes that positive remittances shocks are highe compared to the negative remittances shocks. It suggests that policymakers in China should consider remittances as a policy instrument especially designing strategies and policies related to sustainable environmental quality in the long run.

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“…However, in high‐ and low‐income countries, trade openness contributes to CO 2 emissions. Jamel and Maktouf () explore the causal relationship among CO 2 emissions and trade openness using the ordinary least squares technique in 40 European economies during 1985–2014. Their results show a bidirectional Granger causal linkage between trade openness and pollution.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Some scholars have studied one-way impact of these factors, such as the impact of FDI on CO 2 emissions (Baek, 2016;Gokmenoglu & Taspinar, 2016;Kivyiro & Arminen, 2014) and the impact of international trade on CO 2 emissions (McCarn & Adamowicz, 2006;Hossain, 2011;Ozturk & Acaravci, 2010;Wang & Ang, 2018). Other scholars consider that bidirectional causality exists in the relationship between CO 2 emissions and FDI (Omri, Nguyen, & Rault, 2014;Pao & Tsai, 2011;Peng, Tan, Li, & Hu, 2016) as well as that between CO 2 emissions and trade openness (Jamel & Maktouf, 2017). However, few studies analyze the causal relationship between CO 2 emissions and economic factors (e.g., GDP per capita, FDI, and international trade) with a focus on China.…”

mentioning

confidence: 99%

Causal relationships between carbon dioxide emissions and economic factors: Evidence from China

Wang

et al. 2019

Sustainable Development

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This study investigates the causal relationship between carbon dioxide (CO2) emissions and economic factors in Chinese provinces. Then, this study undertakes a comparative analysis of the eastern, central, and western provinces using a vector autoregressive model and panel data for 1997–2015. The results show there is unidirectional causality from per capita gross domestic product (GDP) to CO2 emissions in eastern and central provinces. Meanwhile, there is unidirectional causality from CO2 emissions to GDP per capita in western provinces. There is unidirectional causality between CO2 emissions to foreign direct investment in central and western provinces but no impact in eastern provinces. However, there is unidirectional causality between CO2 emissions to export volume only in eastern provinces. Based on the results, this study concludes that to reduce CO2 emissions, China should not only implement strict laws and regulations but should also advocate green investment, technological innovation, development of a circular economy, and sustainable development.

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The nexus between economic growth, financial development, trade openness, and CO2 emissions in European countries

Cited by 157 publications

References 59 publications

Short-and long-term effects of GDP, energy consumption, FDI, and trade openness on CO2 emissions

Short-and long-term effects of GDP, energy consumption, FDI, and trade openness on CO2 emissions

Does the inflow of remittances cause environmental degradation? Empirical evidence from China

Causal relationships between carbon dioxide emissions and economic factors: Evidence from China

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