Dublin Core
Title
Drivers of green growth in the Kingdom of Saudi Arabia: can financial development promote environmentally sustainable economic growth?
Creator
Asif Ali Abro, Naushad Alam, Muntasir Murshed, Haider Mahmood, Mohammed Musah, AKM Atiqur Rahman
Description
The Kingdom of Saudi Arabia has recently declared its vision of turning carbon neutral by 2060. This declaration has motivated policymakers in this Arab nation to design policies that can green economic activities in Saudi Arabia so that environmentally sustainable growth can be ensured. Against this backdrop, this study models the independent and joint effects of financial development, globalization, and energy efficiency rates on green growth of the Saudi Arabian economy. In this regard, green growth in the Kingdom of Saudi Arabia is proxied by the difference between the nation’s annual per capita growth rates of gross domestic product and carbon dioxide emission. Utilizing data from 1972 to 2018 and controlling for structural break-induced problems found in the data, the findings from the regression and causality analyses confirm the green growth–inhibiting impacts of financial development and trade …
Publisher
Springer Berlin Heidelberg
Date
2023
Source
https://scholar.google.com/citations?view_op=view_citation&hl=en&user=-U-tBVYAAAAJ&citation_for_view=-U-tBVYAAAAJ:qxL8FJ1GzNcC
Language
English