Does carbon emission react to oil price shocks? Implications for sustainable growth in Africa

Basit Öğe Kaydı
dc.authoridAlhassan, Abdulkareem/0000-0001-6152-7728
dc.authoridOzturk, Ilhan/0000-0002-6521-0901
dc.authoridBekun, Festus Victor/0000-0003-4948-6905
dc.authoridOkwanya, Innocent/0000-0002-8398-5372
dc.contributor.authorOkwanya, Innocent
dc.contributor.authorAbah, Patricia O.
dc.contributor.authorAmaka, Eje-Ojeka G.
dc.contributor.authorOzturk, Ilhan
dc.contributor.authorAlhassan, Abdulkareem
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2024-09-11T19:51:20Z
dc.date.available2024-09-11T19:51:20Z
dc.date.issued2023
dc.departmentİstanbul Gelişim Üniversitesien_US
dc.description.abstractThis study examines the asymmetric effect of oil price changes on CO2 emissions for 30 African countries from 1987 to 2019. Using the panel non-linear autoregressive distributive lag (NARDL) methodology, the study reveals that an asymmetric relationship exists between oil price and CO2 emission as positive changes in the oil price are associated with a reduction in CO2 emissions. The negative change is also found to be associated with an increase in CO2 emission across the panel countries. In addition, in the long run, the degree of CO2 emission response to positive changes in oil price is more in oil-importing countries relative to oil-exporting countries. While CO2 emission response in oil-exporting countries responds more to negative changes in oil prices than in oil-importing countries. When we examine the response of GDP to a reduction in CO2 emission, we found that while a negative change in CO2 is associated with an increase in GDP in oil-importing countries, negative changes in CO2 emission significantly lead to a reduction in GDP in net oil-exporting countries. The study suggests strengthening the call for carbon emission reduction, especially in oil-exporting countries as oil price does not exhibit enough push factor towards the mitigation of CO2 emission in the continent.en_US
dc.identifier.doi10.1016/j.resourpol.2023.103610
dc.identifier.issn0301-4207
dc.identifier.issn1873-7641
dc.identifier.scopus2-s2.0-85153113573en_US
dc.identifier.urihttps://doi.org/10.1016/j.resourpol.2023.103610
dc.identifier.urihttps://hdl.handle.net/11363/7756
dc.identifier.volume82en_US
dc.identifier.wosWOS:000986940800001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.language.isoenen_US
dc.publisherElsevier Sci Ltden_US
dc.relation.ispartofResources Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240903_Gen_US
dc.subjectCO2 emissionsen_US
dc.subjectEconomic growthen_US
dc.subjectOil price shocksen_US
dc.subjectResources policyen_US
dc.titleDoes carbon emission react to oil price shocks? Implications for sustainable growth in Africaen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu