Greenhouse Gas Emissions, Energy Consumption and Economic Growth: Empirical Evidence from Gulf Cooperation Council Countries

Authors

Abstract

This paper examines the relationship between GHG emissions, energy consumption and economic growth with panel data of the six Gulf Cooperation Council (GCC) countries—Saudi Arabia, Kuwait, United Arab Emirates, Qatar, Bahrain, and Oman over the period 1996-2017. This study empirical results show that exists of bidirectional causal relationship between energy consumption and economic growth. However, the results support the occurrence of unidirectional causality from energy consumption to GHG emissions without any feedback effects, and there exists bidirectional causal relationship between economic growth and GHG emissions for the region as a whole. The study suggests that environmental and energy policies should recognize the differences in the relationship between energy consumption and economic growth in order to maintain sustainable economic growth in GCC region.Keywords: Environmental Kuznets Curve, Environmental degradation, energy consumption, economic growthJEL Classifications: N50, Q00, O13, O47DOI: https://doi.org/10.32479/ijeep.7269

Downloads

Download data is not yet available.

Author Biography

Najia Saqib, Prince Sultan University

Assistant Professor of EconomicsFinance Department –College of Business AdministrationPrince Sultan UniversityRiyadh-Kingdom of Saudi Arabia

Downloads

Published

2018-10-28

How to Cite

Saqib, N. (2018). Greenhouse Gas Emissions, Energy Consumption and Economic Growth: Empirical Evidence from Gulf Cooperation Council Countries. International Journal of Energy Economics and Policy, 8(6), 392–400. Retrieved from https://econjournals.com/index.php/ijeep/article/view/7269

Issue

Vol. 8 No. 6 (2018)

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and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher.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.