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Authors
Advisor(s)
Abstract(s)
This work aims to investigate a relationship between economic and environmental drivers under the economic diversification
condition including seven economic activity sectors for a set of nine OPEC countries during 1974–2016. For validating the
two Environmental Kuznets Curve – EKC – equations proposed, a panel data analysis was followed through the long and
short-run estimations, including the Pooled Mean Group, Mean Group, and Dynamic Fixed Effect estimators. Results of the
cointegration panel estimators show, for some sectors the validity of the EKC in the form of an inverted U shape, alternating
with the U-shaped form. Namely, sector 2 of the extractive and manufacturing industries, including the electricity, gas, and
water industries, and sector 5, including wholesale, lodging, restoration, and similar activities, validate the EKC hypothesis.
However, the validity of the Kuznets curve with the panel data does not make it clear which OPEC countries are in the most
favorable conditions to mitigate the polluting effects.
Description
Keywords
Carbon emissions Environmental Kuznets curve OPEC countries Sector diversification
Citation
Moutinho, V., & Madaleno, M. (2022). Does economic sectorial diversification affect the relationship between carbon emissions, economic growth, energy consumption, coal and gas consumption? Evidence from OPEC countries using panel cointegration analysis. Energy Reports, 8, 23–28. https://doi.org/10.1016/j.egyr.2022.01.039