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Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework

Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5%...

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Main Authors: Ali, Hamisu Sadi, Law, Siong Hook, Yusop, Zulkornain, Lee, Chin
格式: Conference or Workshop Item
語言:English
出版: Faculty of Economics and Administration, University of Malaya 2015
在線閱讀:http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf
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spelling oai:psasir.upm.edu.my:66993 http://psasir.upm.edu.my/id/eprint/66993/ Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework Ali, Hamisu Sadi Law, Siong Hook Yusop, Zulkornain Lee, Chin Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5% level of significance. Furthermore based on short run dynamics, financial development, economic growth and energy consumption have positive significant impact on CO2 emissions, while trade openness have negative insignificant impact on CO2 emissions. In the long-run however, the finding proved that financial development, economic growth and energy consumption have positive and significant influence on CO2 emissions, while trade openness has negative significant impact on CO2 emissions in Nigeria. The policy implication is that Nigerian public authority should focus more on initiating environmentally friendly policies that can reduce carbon emissions and explore other alternative sources of energy considering its movement with the financial sector performance. Proper trade liberalization policies should be put in place considering its roles in reducing carbon emission that will improve environmental quality in the country. Faculty of Economics and Administration, University of Malaya 2015 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf Ali, Hamisu Sadi and Law, Siong Hook and Yusop, Zulkornain and Lee, Chin (2015) Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework. In: Postgraduate Conference on Economics, Public Administration and Business (PCEPAB 2015), 5 Sept. 2015, Faculty of Economics and Administration, University of Malaya. (pp. 282-291).
institution UPM IR
collection UPM IR
language English
description Using ARDL bound test approach for the period of 1971-2010 the present article examined the links between financial development, energy consumption, trade openness, economic growth and CO2 emissions in Nigeria. The result reveals that variables were cointegrated as null hypothesis was rejected at 5% level of significance. Furthermore based on short run dynamics, financial development, economic growth and energy consumption have positive significant impact on CO2 emissions, while trade openness have negative insignificant impact on CO2 emissions. In the long-run however, the finding proved that financial development, economic growth and energy consumption have positive and significant influence on CO2 emissions, while trade openness has negative significant impact on CO2 emissions in Nigeria. The policy implication is that Nigerian public authority should focus more on initiating environmentally friendly policies that can reduce carbon emissions and explore other alternative sources of energy considering its movement with the financial sector performance. Proper trade liberalization policies should be put in place considering its roles in reducing carbon emission that will improve environmental quality in the country.
format Conference or Workshop Item
author Ali, Hamisu Sadi
Law, Siong Hook
Yusop, Zulkornain
Lee, Chin
spellingShingle Ali, Hamisu Sadi
Law, Siong Hook
Yusop, Zulkornain
Lee, Chin
Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
author_facet Ali, Hamisu Sadi
Law, Siong Hook
Yusop, Zulkornain
Lee, Chin
author_sort Ali, Hamisu Sadi
title Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
title_short Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
title_full Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
title_fullStr Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
title_full_unstemmed Dynamic links between financial development and CO2 emissions in Nigeria: evidence from ARDL bound test framework
title_sort dynamic links between financial development and co2 emissions in nigeria: evidence from ardl bound test framework
publisher Faculty of Economics and Administration, University of Malaya
publishDate 2015
url http://psasir.upm.edu.my/id/eprint/66993/1/PCEPAB2015-2.pdf
_version_ 1819298552469258240
score 13.4562235

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