Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics

Zouheyr Gheraia, Sawssan Saadaoui, Hanane Abdelli, Naeimah Fahad S. Almawishir and Naif Nadi Abaalkaif
Additional contact information
Zouheyr Gheraia: Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,
Sawssan Saadaoui: Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,
Hanane Abdelli: Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,
Naeimah Fahad S. Almawishir: Department of Business Management, College of Business, Jouf University, Skaka, Saudi Arabia,
Naif Nadi Abaalkaif: Executive Master of Business Administration (EMBA) College of Business, Jouf University, Saudi Arabia.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 4, 194-201

Abstract: This study examines the dynamic impact of financial development, trade openness, and economic growth on carbon dioxide (CO ) emissions in Saudi Arabia. We applied the autoregressive distributed lag bound testing technique for the period of 1990 2019. The empirical results show a long-run cointegration relationship among the variables. The long-run estimation results, however, reveal that, economic growth, and trade openness have a positive and significant impact on carbon dioxide emissions, whereas all variables have a negative and significant impact on carbon dioxide emissions, in the short-run. The findings suggest that the government should emphasize programs and policies that reduce carbon dioxide emissions by opening the trade sector, considering the roles that openness plays in reducing environmental degradation in the country, which directly enhances environmental quality.

Keywords: ARDL; Economic Growth; Financial Development; Trade Openness; Saudi Arabia (search for similar items in EconPapers)
JEL-codes: E44 E58 F36 P26 (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/14178/7389 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/14178 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2023-04-22

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().