Does financial development reduce CO2 emissions in Malaysian economy? A time series analysis
Does financial development reduce CO2 emissions in Malaysian economy? A time series analysis
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DOI：
10.1016/j.econmod.2013.06.037
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发表时间：
2013-09
影响因子：
4.7
通讯作者：
M. Shahbaz;S. Solarin;Haider Mahmood;Mohamed Arouri
中科院分区：
文献类型：
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作者：
M. Shahbaz;S. Solarin;Haider Mahmood;Mohamed Arouri
本研究涉及马来西亚金融发展是否减少二氧化碳排放的问题。为此，我们将边界检验方法应用于变量之间的协整。我们在二氧化碳排放、金融发展、能源消耗和经济增长之间建立了显著的长期关系。经验证据还表明，金融发展减少了二氧化碳的排放。能源消耗和经济增长增加了二氧化碳排放。格兰杰因果分析揭示了金融发展与二氧化碳排放、能源消费与二氧化碳排放、二氧化碳排放与经济增长之间的反馈假设。
This study deals with the question whether financial development reduces CO2emissions or not in case of Malaysia. For this purpose, we apply the bounds testing approach to cointegration between the variables. We establish the presence of significant long-run relationships between CO2emissions, financial development, energy consumption and economic growth. The empirical evidence also indicates that financial development reduces CO2emissions. Energy consumption and economic growth add in CO2emissions. The Granger causality analysis reveals the feedback hypothesis between financial development and CO2emissions, energy consumption and CO2emissions and, between CO2emissions and economic growth.