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Oil sector and CO2 emissions in Saudi Arabia

Asymmetry analysis

Bibliographic Data

ID21876983
AuthorsHaider Mahmood (0000-0002-6474-4338, Prince Sattam Bin Abdulaziz University, corresponding author), Tarek Tawfik Yousef Alkhateeb (0000-0001-8215-9522, Kafrelsheikh University), Maham Furqan (0000-0002-6275-5447)
Year2020
Volume6
Issue1
Publication date2020-05-07
Open AccessYes
TypeARTICLE
VenuePalgrave Communications (JOURNAL)
Journal identifiersISSN: 2055-1045 • E-ISSN: 2055-1045
PublisherSpringer Science and Business Media LLC (PUBLISHER)
DOI10.1057/s41599-020-0470-z
OpenAlexW3022456884
LanguageEN
Citations received6
References cited42

Saudi Arabia is an oil-abundant country, and gather a significant portion of its income from the oil sector. Owing to the country’s over-dependency on the oil sector, increasing greenhouse gas emissions due to economic growth have often been neglected. The present research aims to estimate the effects of non-oil income per capita, the oil sector income share, urbanisation, and gasoline price on the CO 2 emissions per capita in Saudi Arabia throughout 1970–2014. We use the latest nonlinear cointegration technique to estimate the asymmetrical effects of the oil sector on CO 2 emissions. We found a long-run relationship in our hypothesised model. We also found a positive impact of non-oil income and urbanisation on CO 2 emissions per capita and a negative effect of gasoline price. Moreover, a positive asymmetrical impact of oil income share on CO 2 emissions is observed. The increasing oil income share has a more significant positive impact on CO 2 emissions than that of decreasing oil income share. Moreover, the effect of increasing oil income share is found greater than non-oil income, urbanisation, and gasoline price. It is suggested to use tight environmental policies while formulating economic growth and urbanisation policies. Further, the economy should cut down its dependency on the oil sector to ensure a cleaner environment

Agricultural economics · Cointegration · Econometrics · Economic growth · Economics · Gasoline · Greenhouse gas · Natural resource economics · Oil refinery · Per capita · Per capita income · Population · Urbanization · Chemistry · Energy, Environment, and Transportation Policies · Energy, Environment, Economic Growth · Environmental Impact and Sustainability

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Citations per year1.2
Citation span2021 - 2024 (4)
Highly citedNo

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