Accounting for carbon dioxide emission effect of energy use, economic growth, and urbanization in the OPEC member states

Alao R. O., Payaslioglu C., Alhassan A., Alola A. A.

International Social Science Journal, cilt.72, sa.243, ss.129-143, 2022 (Scopus) identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 72 Sayı: 243
  • Basım Tarihi: 2022
  • Doi Numarası: 10.1111/issj.12304
  • Dergi Adı: International Social Science Journal
  • Derginin Tarandığı İndeksler: Scopus, Academic Search Premier, IBZ Online, International Bibliography of Social Sciences, Periodicals Index Online, American History and Life, EBSCO Education Source, EconLit, Education Abstracts, Educational research abstracts (ERA), Geobase, Historical Abstracts, Index Islamicus, MLA - Modern Language Association Database, PAIS International, Political Science Complete, Public Administration Abstracts, Public Affairs Index, Social services abstracts, Sociological abstracts, Worldwide Political Science Abstracts
  • Sayfa Sayıları: ss.129-143
  • Anahtar Kelimeler: Economic growth, EKC Hypothesis, Environmental Sustainability, OPEC, PANICCA Test
  • İstanbul Gelişim Üniversitesi Adresli: Evet

Özet

© 2021 John Wiley & Sons Ltd.While extant studies have largely associated environmental degradation with energy sources and energy consumption, the procedure of oil exploration has not been excluded in the discus of environmental sustainability. On this note, the current study examined the effect of per capita energy consumption and urban population for the 14 Organization for Petroleum Exporting Countries (OPEC) members from 1980 to 2017. In addition, the validity of Environmental Kuznets curve (EKC) hypothesis is investigated by using the State-of-the-art second-generation panel data techniques. The main finding reveals that at an early stage, economic growth endangers the environment by release of pollutant emissions. However, sustained economic growth ameliorates environmental problems. Therefore, study validates the EKC hypothesis for the case of OPEC. Additionally, both energy use per person and urban population adversely affects environmental sustainability. Besides, the findings infer that economic growth brings about an increase in energy consumption and not the other way round. Thus, energy conservation policies aimed at rationing energy consumption and controlling carbon dioxide emissions would hurt economic growth.