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Financial Development and Environmental Quality: Empirical Evidence for Morocco

Jamal Sekali and Mohamed Bouzahzah
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Jamal Sekali: Mohammed V - Souissi University, FSJES Salé, Morocco
Mohamed Bouzahzah: Mohammed V - Souissi University, FSJES Salé, Morocco

International Journal of Energy Economics and Policy, 2019, vol. 9, issue 2, 67-74

Abstract: This paper explores the effects of financial development on environmental quality in Morocco using time series data over the period of 1980-2015 and ARDL modeling (autoregressive distributive lag model). Here, several variables representing financial development, economic growth, and energy consumption were explored. The model shows the existence of a link, though not statistically a significant one, between financial development and C02 emissions. This said, the government is highly in need to engage a development process that promotes a balance between the environmental, economic, and social dimensions.

Keywords: financial development; C02 emissions; environmental performance; Autoregressive Distributed Lag Model. (search for similar items in EconPapers)
JEL-codes: C32 Q43 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2019-02-8

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