Environmental Pollution, Energy Resource Import, Economic Growth and Financial Development: Theoretical Exploration and Empirical Evidence from Nigeria
Adeolu O Adewuyi and
Olabanji B Awodumi
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Olabanji B Awodumi: Department of Economics, Trade Policy Research and Training Programme (TPRTP), University of Ibadan, Nigeria
International Journal of Environmental Sciences & Natural Resources, 2020, vol. 26, issue 1, 26-36
The complications in the sustainable development notion which have resulted into unending arguments and empirical analyses on energy-output-emission nexus have been extended to the exploration of the individual and joint effects of trade and finance on the nexus This study therefore extends the literature by reviewing the theoretical links among economic growth, carbon emission, energy resource import and financial development with empirical evidence from Nigeria during 1981 and 2019. Based on the mixed integration order, autoregressive distributed lag (ARDL) bounds test revealed cointegrating (long-run) relationship among the selected variables with and without structural break. Further analysis was conducted using the standard linear and non-linear bivariate Granger causality methods with and without structural breaks. With the inclusion of structural break in the causality model.
Keywords: earth and environment journals; environment journals; open access environment journals; peer reviewed environmental journals; open access; juniper publishers; ournal of Environmental Sciences; juniper publishers journals; juniper publishers reivew (search for similar items in EconPapers)
JEL-codes: R00 Z0 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:adp:ijesnr:v:26:y:2020:i:1:p:26-36
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