Saidi, Kais and Rahman, Mohammad Mafizur ORCID: https://orcid.org/0000-0002-7950-1961 and Saadaoui, Amir
(2017)
The causal relationship among environmental quality, economic growth and energy use: new evidence from five OPEC countries.
In: 1st International Conference on Energy, Finance and the Macroeconomy (ICEFM-2017), 22-24 Nov 2017, Montpellier, France.
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Abstract
This paper aims to explore the relationships between environmental quality, economic growth and energy use. A panel data set of 25 years (1990-2014), for five OPEC countries (Algeria, Nigeria, Indonesia, Saudi Arabia and Venezuela) is used, and panel unit root tests, panel co-integration tests and panel Granger causality tests are employed as estimation strategies. Our results show that in the long-run there are two-way causal relationships between GDP and energy consumption for all countries. Bilateral causal relationships between GDP and CO2 emissions are also observed in all countries except Algeria where no causality is found. The same relationships are also observed between energy consumption and CO2 emissions in all countries with an exception for Venezuela where unidirectional causality running from CO2 to energy consumption is found.
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