Citation

Solarin, Sakiru Adebola and Shahbaz, Muhammad and Mahmood, Haider and Arouri, Mohamed (2013) Does financial development reduce CO2 emissions in Malaysian economy? A time series analysis. Economic Modelling, 35. pp. 145-152. ISSN 0264-9993

Text Does financial development reduce CO2 emissions in Malaysian economy A time series analysis.pdf Restricted to Repository staff only Download (499kB)

Abstract

This study deals with the question whether financial development reduces CO2 emissions 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 CO2 emissions, financial development, energy consumption and economic growth. The empirical evidence also indicates that financial development reduces CO2 emissions. Energy consumption and economic growth add in CO2 emissions. The Granger causality analysis reveals the feedback hypothesis between financial development and CO2 emissions, energy consumption and CO2 emissions and, between CO2 emissions and economic growth.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business (FOB)
Depositing User:	Ms Nurul Iqtiani Ahmad
Date Deposited:	18 Feb 2014 03:24
Last Modified:	18 Dec 2014 03:28
URII:	http://shdl.mmu.edu.my/id/eprint/5267

Downloads

Edit (login required)