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Energy Consumption, Economic Growth and CO2 Emissions in Middle East

Author

Listed:
  • Omar M. Alkasasbeh

    (Faculty of Business, Amman Arab University, Amman, Jordan.)

  • Abdalla Alassuli

    (Faculty of Business, Amman Arab University, Amman, Jordan.)

  • Amro Alzghoul

    (Faculty of Business, Amman Arab University, Amman, Jordan.)

Abstract

Energy consumption nowadays has become a global concern for excess Carbon dioxide emission. Excess CO2 emission has created a major concern regarding global environmental sustainability. Middle Eastern countries are well-known for their energy production through fossil fuel consumption for the period of 1980-2020. The present research has focused on analysing the impact of CO2 emission, energy consumption and economic growth in Middle Eastern countries. Five countries have been selected for this research United Arab Emirates, Iran, Kuwait, Qatar, and Turkey. Heterogeneity and cross-sectional dependency in the study variables were addressed using second-generation econometric approaches. The cointegration approach developed by Westerlund and Edgerton (2008) proved the existence of a long-run equilibrium among variables in the presence of structural breaks. Environmental carbon emissions rise as a result of economic growth The results prove that alternative sources of energy consumption should be employed to achieve environmental and economic sustainability.

Suggested Citation

  • Omar M. Alkasasbeh & Abdalla Alassuli & Amro Alzghoul, 2023. "Energy Consumption, Economic Growth and CO2 Emissions in Middle East," International Journal of Energy Economics and Policy, Econjournals, vol. 13(1), pages 322-327, January.
    • Handle: RePEc:eco:journ2:2023-01-35
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    References listed on IDEAS

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    Cited by:

    1. Atef Alshehry & Mounir Belloumi, 2023. "The Symmetric and Asymmetric Impacts of Energy Consumption and Economic Growth on Environmental Sustainability," Sustainability, MDPI, vol. 16(1), pages 1-17, December.
    2. Omar Alkasasbeh & Ohoud Khasawneh & Amro Alzghoul, 2023. "The Nexus between Renewable Energy Consumption and Economic Growth: Empirical Evidence from Jordan," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 194-199, March.
    3. Feng, Yanchao & Zhang, Juan & Geng, Yong & Jin, Shurui & Zhu, Ziyi & Liang, Zhou, 2023. "Explaining and modeling the reduction effect of low-carbon energy transition on energy intensity: Empirical evidence from global data," Energy, Elsevier, vol. 281(C).

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    More about this item

    Keywords

    Economic growth; Middle Eastern countries; CO2 emission; Westerlund and Edgerton;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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