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Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia

Yıl 2014, Cilt: 4 Sayı: 4, 531 - 545, 01.12.2014

Öz

This paper studies the causal relationships between fossil fuels consumption, CO2 emissions and economic activity at aggregate and disaggregates levels in Saudi Arabia using the multivariate cointegration approach. The results show the existence of a long-run equilibrium relationship between fossil fuels consumption, carbon dioxide emissions and economic growth. Moreover, in the long-run the causality is unidirectional running from economic growth to energy consumption and natural gas consumption whereas there is absence of causality in the case of oil consumption. Our results indicate that energy conservation policies might be enforced without affecting economic growth. Policies aimed at reducing fossil fuel consumption and controlling for CO2 emissions may not affect negatively Saudi’s economic growth. Hence, policy reforms aimed at reducing fossil fuels (oil and natural gas) subsidies become an urgent necessity in the near future in order to eliminate fossil fuel wastes.

Yıl 2014, Cilt: 4 Sayı: 4, 531 - 545, 01.12.2014

Öz

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Ayrıntılar

Diğer ID JA63FG95PM
Bölüm Araştırma Makalesi
Yazarlar

Atef Saad Alshehry Bu kişi benim

Mounir Belloumi Bu kişi benim

Yayımlanma Tarihi 1 Aralık 2014
Yayımlandığı Sayı Yıl 2014 Cilt: 4 Sayı: 4

Kaynak Göster

APA Alshehry, A. S., & Belloumi, M. (2014). Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia. International Journal of Energy Economics and Policy, 4(4), 531-545.
AMA Alshehry AS, Belloumi M. Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia. IJEEP. Aralık 2014;4(4):531-545.
Chicago Alshehry, Atef Saad, ve Mounir Belloumi. “Investigating the Causal Relationship Between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia”. International Journal of Energy Economics and Policy 4, sy. 4 (Aralık 2014): 531-45.
EndNote Alshehry AS, Belloumi M (01 Aralık 2014) Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia. International Journal of Energy Economics and Policy 4 4 531–545.
IEEE A. S. Alshehry ve M. Belloumi, “Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia”, IJEEP, c. 4, sy. 4, ss. 531–545, 2014.
ISNAD Alshehry, Atef Saad - Belloumi, Mounir. “Investigating the Causal Relationship Between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia”. International Journal of Energy Economics and Policy 4/4 (Aralık 2014), 531-545.
JAMA Alshehry AS, Belloumi M. Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia. IJEEP. 2014;4:531–545.
MLA Alshehry, Atef Saad ve Mounir Belloumi. “Investigating the Causal Relationship Between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia”. International Journal of Energy Economics and Policy, c. 4, sy. 4, 2014, ss. 531-45.
Vancouver Alshehry AS, Belloumi M. Investigating the Causal Relationship between Fossil Fuels Consumption and Economic Growth at Aggregate and Disaggregate Levels in Saudi Arabia. IJEEP. 2014;4(4):531-45.