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Financial Development and Environmental Quality: Empirical Evidence for Morocco

Author

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  • Jamal Sekali

    (Mohammed V - Souissi University, FSJES Sal , Morocco)

  • Mohamed Bouzahzah

    (Mohammed V - Souissi University, FSJES Sal , Morocco)

Abstract

This paper explores the effects of financial development on environmental quality in Morocco using time series data over the period of 1980-2015 and ARDL modeling (autoregressive distributive lag model). Here, several variables representing financial development, economic growth, and energy consumption were explored. The model shows the existence of a link, though not statistically a significant one, between financial development and C02 emissions. This said, the government is highly in need to engage a development process that promotes a balance between the environmental, economic, and social dimensions.

Suggested Citation

  • Jamal Sekali & Mohamed Bouzahzah, 2019. "Financial Development and Environmental Quality: Empirical Evidence for Morocco," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 67-74.
    • Handle: RePEc:eco:journ2:2019-02-8
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    Cited by:

    1. Ouarda Belkacem Layachi, 2019. "Effects of Energy Prices on Environmental Pollution: Testing Environmental Kuznets Curve for Algeria," International Journal of Energy Economics and Policy, Econjournals, vol. 9(5), pages 401-408.
    2. Kais Saidi & Mohammad Mafizur Rahman, 2021. "The link between environmental quality, economic growth, and energy use: new evidence from five OPEC countries," Environment Systems and Decisions, Springer, vol. 41(1), pages 3-20, March.

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    More about this item

    Keywords

    financial development; C02 emissions; environmental performance; Autoregressive Distributed Lag Model.;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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