The effects of electricity consumption, economic growth, financial development and foreign direct investment on CO2 emissions in Kuwait

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dc.authoridOzturk, Ilhan -- 0000-0002-6521-0901; Sohag, Kazi -- 0000-0002-0976-2357
dc.contributor.authorSalahuddin, Mohammad
dc.contributor.authorAlam, Khorshed
dc.contributor.authorÖztürk, İlhan
dc.contributor.authorSohag, Kazi
dc.date.accessioned12.07.201910:50:10
dc.date.accessioned2019-07-12T15:27:52Z
dc.date.available12.07.201910:50:10
dc.date.available2019-07-12T15:27:52Z
dc.date.issued2018
dc.departmentMeslek Yüksekokuluen_US
dc.descriptionWOS: 000417078200029en_US
dc.description.abstractThis study examined the empirical effects of economic growth, electricity consumption, foreign direct investment (FDI), and financial development on carbon dioxide (CO2) emissions in Kuwait using time series data for the period 1980-2013. To achieve this goal, we applied the autoregressive distributed lag (ARDL) bounds testing approach and found that cointegration exists among the series. Findings indicate that economic growth, electricity consumption, and FDI stimulate CO2 emissions in both the short and long run. The VECM Granger causality analysis revealed that FDI, economic growth, and electricity consumption strongly Granger-cause CO2 emissions. Based on these findings, the study recommends that Kuwait reduce emissions by expanding its existing Carbon Capture, Utilization, and Storage plants; capitalizing on its vast solar and wind energy; reducing high subsidies of the residential electricity scheme; and aggressively investing in energy research to build expertise for achieving electricity generation efficiency.en_US
dc.identifier.doi10.1016/j.rser.2017.06.009
dc.identifier.endpage2010en_US
dc.identifier.issn1364-0321
dc.identifier.scopus2-s2.0-85021802002
dc.identifier.scopusqualityQ1
dc.identifier.startpage2002en_US
dc.identifier.urihttps://doi.org/10.1016/j.rser.2017.06.009
dc.identifier.urihttps://hdl.handle.net/20.500.12507/505
dc.identifier.volume81en_US
dc.identifier.wosWOS:000417078200029
dc.identifier.wosqualityQ1
dc.indekslendigikaynakWeb of Science
dc.indekslendigikaynakScopus
dc.language.isoen
dc.publisherPergamon-Elsevıer Scıence Lltd.en_US
dc.relation.ispartofRenewable & Sustaınable Energy Revıews
dc.relation.publicationcategoryDiğeren_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subjectCointegrationen_US
dc.subjectCO2 Emissionsen_US
dc.subjectEconomic Growthen_US
dc.subjectEnergy Consumptionen_US
dc.subjectGCC Countriesen_US
dc.subjectGranger causalityen_US
dc.titleThe effects of electricity consumption, economic growth, financial development and foreign direct investment on CO2 emissions in Kuwait
dc.typeReview Article

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