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The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in Egypt: Financial Development and Globalization, Do They Have a Role?
Faculty
Commerce
Year:
2024
Type of Publication:
ZU Hosted
Pages:
Authors:
Amira Tohamy Mohamed Eltayb
Staff Zu Site
Abstract In Staff Site
Journal:
المجلة العلمية للبحوث والدراسات التجارية كلية التجارة و إدارة الأعمال – جامعة حلوان
Volume:
Keywords :
, Effect , Energy Consumption , Economic Growth , Environmental
Abstract:
The realization of environmental sustainability and the mitigation of the impact of climate change has become a global objective. The present paper tackles the effect of energy consumption, economic growth, financial development and globalization on the scale, intensity, and damage effects of carbon dioxide emissions in Egypt during the period 1990 – 2020. In addition, causality directions in the short run and the long run are investigated and the dynamic behavior of environmental sustainability is described. In order to achieve its objective, the present study relied on the co-integration analysis using the Autoregressive Distributed Lag (ARDL) technique, Sasabuchi-Lind-Mehlum test, and Granger causality test within the framework of the Vector Error Correction Model (VECM) and Toda-Yamamoto causality analysis; in addition to impulse response functions and the analysis of variance components. The results of the co-integration test revealed a long run correlation between carbon dioxide emissions and the explanatory factors. The study findings also showed that economic growth, energy consumption, globalization, and financial development reduce environmental sustainability. Moreover, the validity of the environmental Kuznets curve (EKC) hypothesis was confirmed when applied to the Egyptian economy. Hence the income level effect on the emissions scale becomes negative when the annual real income per capita exceeds the amount of 33841.5 Egyptian Pounds. According to the study results, causality directions proved to be weak and sensitive to the causality test applied in this study. A mutual causality relationship was revealed between the level of globalization and the scale and the damage of carbon dioxide emissions. A one-way relationship ran from the income level to the scale and the intensity of emissions; and a one-way relationship flowed from the scale of emissions to financial development.
Author Related Publications
Amira Tohamy Mohamed Eltayb, "العــوامـــل المـؤثــرة علـى الأمـن الغـذائي فـي مصر بمفهــومه الشــامـل", كلية الزراعة ، جامعة الزقازيق, 2014
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Department Related Publications
Dina Nabil Mohammed Ahmed Shahwani, "THE POTENTIAL ECONOMIC IMPACTS OF THE PROPOSED DEVELOPMENT CORRIDOR IN EGYPT: AN INTERREGIONAL CGE APPROACH", University of Sao Paulo Brazil, 2015
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Wafaa Mohamed Mohamed Salman, "محددات التلوث البيئى فى مصر بالتركيز على الوقود الأحفورى", المجلة العربية للأدارة, 2017
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Mohamed sultan ahmed aboalla, "الثقافة العربية الإسلامية والتنمية الاقتصادية", مجمع اللغة العربية, 2008
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Mahmoud Ibrahiem Aboelewn, "Towards A Multilateral Understanding of Developing Countries Debt Crises", مجلة مصر المعاصرة, 1987
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Iyad Mohammed Attia Attia, "Causality between petroleum consumption and economic growth: Empirical evidence from Egypt", المنظمة العربية للتنمية الادارية, 2013
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جامعة المنصورة
جامعة الاسكندرية
جامعة القاهرة
جامعة سوهاج
جامعة الفيوم
جامعة بنها
جامعة دمياط
جامعة بورسعيد
جامعة حلوان
جامعة السويس
شراقوة
جامعة المنيا
جامعة دمنهور
جامعة المنوفية
جامعة أسوان
جامعة جنوب الوادى
جامعة قناة السويس
جامعة عين شمس
جامعة أسيوط
جامعة كفر الشيخ
جامعة السادات
جامعة طنطا
جامعة بنى سويف