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Öğe Causalıty Among Carbon Emıssıons, Energy Consumptıon and Growth ın İndıa(ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD, 2012) Öztürk, İlhan; Uddin, Gazi SalahThis study attempts to investigate the long-run Granger causality relationship between energy consumption, carbon dioxide emission and economic growth in India over the period 1971-2007. The augmented Dickey-Fuller test (ADF), Phillips-Perron test (PP) and KPSS test are used to test for Granger causality in cointegration models which take account of the stochastic properties of the variables. The most important result is that there is feedback causal relationship between energy consumption and economic growth in India which implies that the level of economic activity and energy consumption mutually influence each other; a high level of economic growth leads to a high level of energy consumption and vice versa. The value of the error correction term confirms the expected convergence process in the long-run for carbon emissions and growth in India which implies that emission reduction policies will hurt economic growth in India if there are no supplementary policies which seek to modify this causal relationship.Öğe Environmental Kuznets curve in an open economy: A bounds testing and causality analysis for Tunisia(Pergamon-Elsevıer Scıence ltd, 2014) Shahbaz, Muhammad; Khraief, Naceur; Uddin, Gazi Salah; Öztürk, İlhanThe environmental Kuznets curve hypothesis posits that in the early stages of economic growth environmental degradation and pollution increase. However, as a nation reaches a certain level of income, measured in per capita terms, the trend reverses. The postulated relationship thus produces an inverted U-shaped curve. The topic has drawn much academic interest in the context of developed and emerging nations. The aim of this paper is to investigate the existence of environmental Kuznets curve (EKC) in case of Tunisia using annual time series data for the period of 1971-2010. The ARDL bounds testing approach to cointegration is applied to test long run relationship in the presence of structural breaks and vector error correction model (VECM) to detect the direction of causality among the variables. The robustness of causality analysis has been tested by applying the innovative accounting approach (IAA). The findings of this paper confirmed long run relationship between economic growth, energy consumption, trade openness and CO2 emissions. The results also indicated the existence of EKC confirmed by the VECM and IAA approaches. The study has significant contribution for policy implications to curtail energy pollutants by implementing environment friendly regulations to sustain economic development in Tunisia.Öğe Is real gdp per capıta statıonary for Bangladesh? empırıcal evıdence from structural break(Natl Acad Management, 2012) Ahmed, Haydory Akbar; Uddin, Gazi Salah; Öztürk, İlhanIn this paper we examine the stationarity property with structural break for real GDP per capita of Bangladesh from 1971 to 2009. The structural break of 1990 representing political regime change in Bangladesh is found to be significant. The unit root test results, both ADF and Phillips-Perron, indicate that real GDP per capita is trend stationary process. This implies that the long-run path for per capita income is not influenced by temporary fluctuations.Öğe Regional differences in the dynamic linkage between CO2 emissions, sectoral output and economic growth(PERGAMON-ELSEVIER SCIENCE LTD, 2014) Al Mamun, Md; Sohag, Kazi; Mia, Md. Abdul Hannan; Uddin, Gazi Salah; Öztürk, İlhanEnvironmental degradation measured by CO2 emissions is a significant challenge to sustainable economic development. Owing to significant differences in the empirical relationship between the economic growth and CO2 emissions and policies adopted by different countries to overcome the challenge are not decisive. This study aims to generalize our knowledge about the relationship between CO2 emissions per capita and economic growth across the world for 1980-2009 periods. Besides, it explores whether the transformation of different economies (e.g. agrarian to industrial and industrial to sophisticated service economy) over the past few decades yielded any significant positive impact towards sustainable economic development by reducing the level of CO2 emission. Empirical results suggest that (i) except for high-income-countries, Environmental Kuznets Curve (EKC) is a general phenomenon across the world, and (ii) the transformation of different economies towards a service economy has produced more pollution in high income countries and less pollution in low and middle income countries.