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Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)

This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and inco...

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Main Authors: Saboori, B., Al-Mulali, U., Bin Baba, M., Mohammed, A. H.
Format: Article
Published: Taylor and Francis Inc. 2016
Subjects:
HD Industries. Land use. Labor
HD1394-1394.5 Real estate management
Online Access:http://eprints.utm.my/id/eprint/73725/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84961901850&doi=10.1080%2f15435075.2014.961468&partnerID=40&md5=ea861f3d492b278c3907f59b7acb3024
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spelling my.utm.737252017-11-18T03:15:23Z http://eprints.utm.my/id/eprint/73725/ Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC) Saboori, B. Al-Mulali, U. Bin Baba, M. Mohammed, A. H. HD Industries. Land use. Labor HD1394-1394.5 Real estate management This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and income, labour, capital, oil consumption and oil price as economic indicators. Employing the Autoregressive Distributed Lag (ARDL) approach, by comparing the short and long-run income elasticities, the EKC hypothesis is present in six OPEC countries namely Algeria, Iraq, Venezuela, Nigeria, Qatar and Kuwait. Moreover, the Toda-Yamamoto-Dolado-Lütkepohl (TYDL) causality tests outcome show that, after oil consumption, the most significant factors in increasing ecological footprint are labor and capital. This implies the relocation of pollution intensive industries to almost all of the OPEC countries. However, oil prices reduce environmental damage by its negative effect on the ecological footprint. From the outcome of this study it is important for the investigated countries to reduce their consumption of fossil fuel energy since it represents an important source of pollution. This can be achieved by allocating more labor and capital in projects and investments on renewable energy, energy efficiency and energy saving. Taylor and Francis Inc. 2016 Article PeerReviewed Saboori, B. and Al-Mulali, U. and Bin Baba, M. and Mohammed, A. H. (2016) Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC). International Journal of Green Energy, 13 (4). pp. 408-416. ISSN 1543-5075 https://www.scopus.com/inward/record.uri?eid=2-s2.0-84961901850&doi=10.1080%2f15435075.2014.961468&partnerID=40&md5=ea861f3d492b278c3907f59b7acb3024
institution Universiti Teknologi Malaysia
building UTM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Malaysia
content_source UTM Institutional Repository
url_provider http://eprints.utm.my/
topic HD Industries. Land use. Labor
HD1394-1394.5 Real estate management
spellingShingle HD Industries. Land use. Labor
HD1394-1394.5 Real estate management
Saboori, B.
Al-Mulali, U.
Bin Baba, M.
Mohammed, A. H.
Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
description This study investigates the environmental Kuznets curve (EKC) hypothesis in 10 of the Organization of Petroleum Exporting Countries (OPEC). To realize the studys aims a time series model is built based on the period 1977-2008, utilizing the ecological footprint as an environmental indicator and income, labour, capital, oil consumption and oil price as economic indicators. Employing the Autoregressive Distributed Lag (ARDL) approach, by comparing the short and long-run income elasticities, the EKC hypothesis is present in six OPEC countries namely Algeria, Iraq, Venezuela, Nigeria, Qatar and Kuwait. Moreover, the Toda-Yamamoto-Dolado-Lütkepohl (TYDL) causality tests outcome show that, after oil consumption, the most significant factors in increasing ecological footprint are labor and capital. This implies the relocation of pollution intensive industries to almost all of the OPEC countries. However, oil prices reduce environmental damage by its negative effect on the ecological footprint. From the outcome of this study it is important for the investigated countries to reduce their consumption of fossil fuel energy since it represents an important source of pollution. This can be achieved by allocating more labor and capital in projects and investments on renewable energy, energy efficiency and energy saving.
format Article
author Saboori, B.
Al-Mulali, U.
Bin Baba, M.
Mohammed, A. H.
author_facet Saboori, B.
Al-Mulali, U.
Bin Baba, M.
Mohammed, A. H.
author_sort Saboori, B.
title Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
title_short Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
title_full Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
title_fullStr Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
title_full_unstemmed Oil-induced environmental Kuznets curve in organization of petroleum exporting countries (OPEC)
title_sort oil-induced environmental kuznets curve in organization of petroleum exporting countries (opec)
publisher Taylor and Francis Inc.
publishDate 2016
url http://eprints.utm.my/id/eprint/73725/
https://www.scopus.com/inward/record.uri?eid=2-s2.0-84961901850&doi=10.1080%2f15435075.2014.961468&partnerID=40&md5=ea861f3d492b278c3907f59b7acb3024
_version_ 1643656730532380672
score 13.211869

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