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

Authors

  • 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.

DOI:

https://doi.org/10.32479/ijeep.14178

Keywords:

ARDL, Economic Growth, Financial Development, Trade Openness, Saudi Arabia

Abstract

This study examines the dynamic impact of financial development, trade openness, and economic growth on carbon dioxide (CO₂) 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.

Downloads

Download data is not yet available.

Downloads

Published

2023-07-09

How to Cite

Gheraia, Z., Saadaoui, S., Abdelli, H., Almawishir, N. F. S., & Abaalkaif, N. N. (2023). Does Financial Development Really Improve Environmental Quality in Al-Jouf Region? Empirical Contribution to the Environmental Politics. International Journal of Energy Economics and Policy, 13(4), 194–201. https://doi.org/10.32479/ijeep.14178

Issue

Vol. 13 No. 4 (2023)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.