Impact of Financial Development and Energy Consumption on CO2 Emissions: Evidence from Pakistan

Hafiz Muhammad Abubakar Siddique
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Hafiz Muhammad Abubakar Siddique: Federal Urdu University Islamabad, Pakistan

Bulletin of Business and Economics (BBE), 2017, vol. 6, issue 2, 68-73

Abstract: This study is an attempt to investigate the impact of financial development, energy consumption, trade and economic growth on CO2 emissions in Pakistan over the period of 1980 to 2015. We have used augmented dickey fuller (ADF) unit root test and auto regressive distributed lag (ARDL) bounds testing co-integration approach. The results of ARDL bound F-stat indicate that there is a long run relationship between CO2 emissions, capital, trade, energy consumption, financial development and economic growth. The long run empirical findings show that energy consumption, financial development, economic growth and trade are the increasing factors of carbon dioxide emissions.

Keywords: Financial Development; Energy Consumption; Co2 Emissions; ARDL Co-Integration Method (search for similar items in EconPapers)
JEL-codes: G10 Q40 Q50 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (1)

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