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Environmental Pollution, Energy Resource Import, Economic Growth and Financial Development: Theoretical Exploration and Empirical Evidence from Nigeria

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  • Adeolu O Adewuyi
  • Olabanji B Awodumi

    (Department of Economics, Trade Policy Research and Training Programme (TPRTP), University of Ibadan, Nigeria)

Abstract

The complications in the sustainable development notion which have resulted into unending arguments and empirical analyses on energy-output-emission nexus have been extended to the exploration of the individual and joint effects of trade and finance on the nexus This study therefore extends the literature by reviewing the theoretical links among economic growth, carbon emission, energy resource import and financial development with empirical evidence from Nigeria during 1981 and 2019. Based on the mixed integration order, autoregressive distributed lag (ARDL) bounds test revealed cointegrating (long-run) relationship among the selected variables with and without structural break. Further analysis was conducted using the standard linear and non-linear bivariate Granger causality methods with and without structural breaks. With the inclusion of structural break in the causality model.

Suggested Citation

  • Adeolu O Adewuyi & Olabanji B Awodumi, 2020. "Environmental Pollution, Energy Resource Import, Economic Growth and Financial Development: Theoretical Exploration and Empirical Evidence from Nigeria," International Journal of Environmental Sciences & Natural Resources, Juniper Publishers Inc., vol. 26(1), pages 26-36, October.
    • Handle: RePEc:adp:ijesnr:v:26:y:2020:i:1:p:26-36
    DOI: 10.19080/IJESNR.2020.26.556179
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    1. Ping Ji & Weidong Huo & Lan Bo & Weiwei Zhang & Xiaoxian Chen, 2022. "Would Financial Development Help China Achieve Carbon Peak Emissions?," IJERPH, MDPI, vol. 19(19), pages 1-19, October.

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    Keywords

    earth and environment journals; environment journals; open access environment journals; peer reviewed environmental journals; open access; juniper publishers; ournal of Environmental Sciences; juniper publishers journals ; juniper publishers reivew;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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