The effects of electricity consumption, economic growth, financial development and foreign direct investment on CO2 emissions in Kuwait
Article
Article Title | The effects of electricity consumption, economic growth, financial development and foreign direct investment on CO2 emissions in Kuwait |
---|---|
ERA Journal ID | 4066 |
Article Category | Article |
Authors | Salahuddin, Mohammad (Author), Alam, Khorshed (Author), Ozturk, Ilhan (Author) and Sohag, Kazi (Author) |
Journal Title | Renewable and Sustainable Energy Reviews |
Journal Citation | 81 (2), pp. 2002-2010 |
Number of Pages | 9 |
Year | 2018 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 1364-0321 |
1879-0690 | |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.rser.2017.06.009 |
Web Address (URL) | https://www.sciencedirect.com/science/article/pii/S1364032117309462?via%3Dihub |
Abstract | This study examined the empirical effects of economic growth, electricity consumption, foreign direct investment (FDI), and financial development on carbon dioxide (CO2) emissions in Kuwait using time series data for the period 1980–2013. To achieve this goal, we applied the autoregressive distributed lag (ARDL) bounds testing approach and found that cointegration exists among the series. Findings indicate that economic growth, electricity consumption, and FDI stimulate CO2 emissions in both the short and long run. The VECM Granger causality analysis revealed that FDI, economic growth, and electricity consumption strongly Granger cause CO2 emissions. Based on these findings, the study recommends that Kuwait reduce emissions by expanding its existing Carbon Capture, Utilization, and Storage plants; capitalizing on its vast solar and wind energy; reducing high subsidies of the residential electricity scheme; and aggressively investing in energy research to build expertise for achieving electricity generation efficiency. |
Keywords | cointegration; CO2 emissions; economic growth; energy consumption; GCC countries; Granger causality |
ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
380204. Panel data analysis | |
Public Notes | Winner of the USQ Publication Excellence Awards for Journal Articles published during the period July-September 2017. Access to submitted version in accordance with the copyright policy of the publisher. |
Byline Affiliations | School of Commerce |
Cag Univeristy, Turkiye | |
National University of Malaysia | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q44w9/the-effects-of-electricity-consumption-economic-growth-financial-development-and-foreign-direct-investment-on-co2-emissions-in-kuwait
Download files
1450
total views3024
total downloads0
views this month4
downloads this month