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Empirical Economics

Erschienen in:

12.07.2017

The impact of financial development and trade on environmental quality in Iran

verfasst von: Hadi Esmaeilpour Moghadam, Vahid Dehbashi

Erschienen in: Empirical Economics | Ausgabe 4/2018

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Abstract

Undesirable changes in the environment such as global warming and emissions of greenhouse gases have elicited worldwide attention in recent decades. Environmental problems emanating from economic activities targeted at achieving higher economic growth rate have become a controversial issue. In this study, the effects of financial development and trade on environmental quality in Iran were investigated. To this purpose, statistical data collected between the periods of 1970 and 2011 were used. In addition to using the autoregressive distributed lag model (ARDL), the short-term and long-term relationships between the variables were estimated and analyzed. Moreover, the environmental Kuznets curve (EKC) hypothesis was evaluated using various pollutants. The results show that financial development accelerates the degradation of the environment; however, an increase in trade openness reduces the damage to the environment in Iran. Furthermore, the results did not agree with the EKC hypothesis in Iran. Error correction coefficient showed that in each period, 49% of imbalances were justified and approached their long-run procedure. Structural stability tests showed that the estimated coefficients were stable over the period.

Vorheriger Artikel The linkages of sectoral carbon dioxide emission caused by household consumption in China: evidence from the hypothetical extraction method

Nächster Artikel Persistence of travel and leisure sector equity indices

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Brazil, Russian Federation, India and China.

United Nations Conference on Trade and Development.

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Titel: The impact of financial development and trade on environmental quality in Iran
verfasst von: Hadi Esmaeilpour Moghadam
Vahid Dehbashi
Publikationsdatum: 12.07.2017
Verlag: Springer Berlin Heidelberg
Erschienen in: Empirical Economics / Ausgabe 4/2018
Print ISSN: 0377-7332
Elektronische ISSN: 1435-8921
DOI: https://doi.org/10.1007/s00181-017-1266-x

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