Causal relationship between CO2 emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia
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Dosyalar
Tarih
2015
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Sprınger Heıdelberg
Erişim Hakkı
info:eu-repo/semantics/closedAccess
Özet
The aim of this paper is to examine the causal relationship between CO2 emissions, real GDP, energy consumption, financial development, trade openness, and urbanization in Tunisia over the period of 1971-2012. The long-run relationship is investigated by the auto-regressive distributed lag (ARDL) bounds testing approach to cointegration and error correction method (ECM). The results of the analysis reveal a positive sign for the coefficient of financial development, suggesting that the financial development in Tunisia has taken place at the expense of environmental pollution. The Tunisian case also shows a positive monotonic relationship between real GDP and CO2 emissions. This means that the results do not support the validity of environmental Kuznets curve (EKC) hypothesis. In addition, the paper explores causal relationship between the variables by using Granger causality models and it concludes that financial development plays a vital role in the Tunisian economy.
Açıklama
WOS: 000363966900041
PubMed: 26018289
PubMed: 26018289
Anahtar Kelimeler
Environmental Kuznets Curve (EKC), Auto-regressive distributed lag (ARDL) bounds testing approach, Tunisia
Kaynak
Envıronmental Scıence and Pollutıon Research
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
22
Sayı
20
