Testing the Environmental Kuznets Curve in Egypt: Role of Foreign Investment and Trade

Authors

  • Haider Mahmood Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia. http://orcid.org/0000-0002-6474-4338
  • Maham Furqan Energy Associate, S&P Global Market Intelligence, Islamabad, Pakistan.
  • Tarek Tawfik Yousef Alkhateeb Department of Marketing, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia and Kafr Elsheikh University, Egypt.
  • Mahmoud Mohamad Fawaz Professor and Dean, Kafr Elsheikh University, Egypt.

Abstract

We test the Environmental Kuznets Curve (EKC) augmenting CO2 emissions model for Egypt using cointegration technique for period 1990-2014. Cointegration is found in the hypothesized model and EKC hypothesis validates from empirical testing as well. Further, energy consumption seems to be accelerating CO2 emissions per capita while Foreign Direct Investment (FDI) is found helpful in reducing CO2 emissions per capita. However, the effect of trade is found insignificant. We recommend Egyptian government to attract further foreign investment to support a cleaner environment.Keywords: Environmental Kuznets Curve Hypothesis; Foreign Direct Investment; Trade Openness; EgyptJEL Classifications: F18; O13; F21DOI: https://doi.org/10.32479/ijeep.7271

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Author Biographies

Haider Mahmood, Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia.

Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz  university, Alkharj, Saudi Arabia.

Maham Furqan, Energy Associate, S&P Global Market Intelligence, Islamabad, Pakistan.

Energy Associate, S&P Global Market Intelligence, Islamabad, Pakistan.

Tarek Tawfik Yousef Alkhateeb, Department of Marketing, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia and Kafr Elsheikh University, Egypt.

Department of Marketing, College of Business Administration, Prince Sattam Bin Abdulaziz University, Alkharj, Saudi Arabia and Kafr Elsheikh University, Egypt.

Mahmoud Mohamad Fawaz, Professor and Dean, Kafr Elsheikh University, Egypt.

Professor and Dean,  Kafr Elsheikh University, Egypt.

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Published

2019-02-14

How to Cite

Mahmood, H., Furqan, M., Alkhateeb, T. T. Y., & Fawaz, M. M. (2019). Testing the Environmental Kuznets Curve in Egypt: Role of Foreign Investment and Trade. International Journal of Energy Economics and Policy, 9(2), 225–228. Retrieved from https://econjournals.com/index.php/ijeep/article/view/7271

Issue

Vol. 9 No. 2 (2019)

Section

Articles

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