Impacts of financial and economic developments on greenhouse gas emission in selected OPEC countries: A panel cointegration and dynamic ordinary least squares approch

Behboudi, Davood; Asgharpur, Hossein; Fallahi, Firouz; Mohammadi Khaneghahi, Robab

doi:10.22059/jte.2014.51796

Impacts of financial and economic developments on greenhouse gas emission in selected OPEC countries: A panel cointegration and dynamic ordinary least squares approch

Document Type : Research Paper

Authors

Davood Behboudi ¹

Hossein Asgharpur ¹

Firouz Fallahi ¹

Robab Mohammadi Khaneghahi ²

¹ Associate Professor, Department of Economics, Faculty of Economics, Management and Business, University of Tabriz, Iran

² PhD Candidate, Department of Economics, Faculty of Economics, Management and Business, University of Tabriz, Iran

10.22059/jte.2014.51796

Abstract

This paper investigates the impacts of economic and financial developments on environmental pollution for 6 OPEC countries using panel cointegration and panel long-run estimator (DOLS) over the period 1980–2008. The results shows that both Economic and financial development have significant effect on the environmental quality in selected OPEC economies. The findings not support the existence of an environmental Kuznets curve in the case of 6 OPEC countries. While conform existing an inverted U-shaped relationship between financial development and environmental pollution.

Keywords

DOLS Method

Economic Development

Environmental quality

Financial Development

OPEC Countries