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Asymmetric effect of crude oil price on the quality of environment in Nigeria: An application of non-linear ARDL | ||
| Caspian Journal of Environmental Sciences | ||
| دوره 21، شماره 3، مهر 2023، صفحه 493-507 اصل مقاله (840.7 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22124/cjes.2023.6925 | ||
| نویسندگان | ||
| Aminu Hassan Jakada* 1؛ Bello Alhaji Ibrahim2؛ Ismail Aliyu Danmaraya3؛ Aminu Muhammad Fagge1؛ Abdulnasir T. Yola1 | ||
| 1Department of Economics and Development Studies, Federal University Dutse, Jigawa State, Nigeria | ||
| 2Department of Economics, Borno State University, Borno State, Nigeria | ||
| 3Department of Economics, Yusuf Maitama Sule University Kano, Kano State, Nigeria | ||
| چکیده | ||
| The study aimed at examining the asymmetric effect of crude oil price on the quality of environment in Nigeria. The study utilizes the time series form of annual data from 1970 to 2019 and applies the model of NARDL (Non-Linear ARDL) to determine the short-run and long-run asymmetries. The results revealed that positive shocks in crude oil price reduces the amount of carbon emissions thereby enhancing the quality of the environment in the long run, while negative shock increases the amount of carbon emission and hence deteriorate the quality of the environment. In the short the positive shock increases the amount of carbon emissions while the negative shocks reduces the carbon emissions and also improve the quality of the environment. Nonetheless, the magnitude and sign of positive as well as negative shocks of crude oil price are essential in environmental management policies. Henceforth, on the basis of the sign as well as magnitude, the study recommends for more subsidy on clean energy as well as formulation of a favorable form of policies for the implementation of renewable form of energy such as solar by residential consumers and industries particularly during the period of low crude oil price. | ||
| کلیدواژه‌ها | ||
| Oil price؛ Environmental Quality؛ Non-Linear ARDL | ||
| مراجع | ||
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