Examining the Effect of Banks Facilities on Reducing CO2 Emissions Among Middle Eastern and North African Countries, the MENA Region

Subject Areas : Environmental Economics

Vida  Varahrami ¹ (Assistant Professor, Faculty of Economics and Politics, University of Shahid Beheshti, Tehran, Iran, *(Corresponding Author))
zahra  abedi ² (Assistant Professor, Science and Research University, Islamic Azad University, Tehran, Iran)
faezeh  sadeghian ³ (M.Sc., Economics, Science and Research University, Islamic Azad University, Tehran, Iran)

Received: 2018-12-03 Accepted : 2019-03-06 Published : 2020-11-21

Keywords: Agricultural sector facilities, Financial Development, Carbon Dioxide Emissions, Environmental pollution, Industrial sector facilities,

Abstract :

Background and Objective: Since economic activities, especially energy-intensive activities are one of the most important environmental pollutants in developing countries and the MENA region. Therefore, considering the importance of the subject, this study seeks to examine the effect of banks facility facilities on reducing CO2 emissions in Middle East and North Africa, known as the Mena region for the period 2016-2000. Method: This paper used Panel data. The results of the static panel model estimation that carbon dioxide emissions as an indicator of environmental pollution as a dependent variable are considered, shows that the coefficients of all variables are significant at high levels in the long run, their symptoms are expected and in accordance with the theoretical foundations of the subject. Findings: The results of estimating the panel model show that the coefficients of all variables are significant at a high level in the long run, their symptoms are expected and in accordance with the theoretical foundations of the subject. Estimated relationships, positive effect of variables; Consumption of energy and emissions, trade with carbon dioxide emissions as an indicator of environmental pollution, in other words, increase in energy consumption and emissions, trade with increasing emissions of carbon dioxide as an indicator Environmental pollution is associated. Results of a negative relationship between variables; Financial development shows payment facilities in the industrial sector and in the agricultural sector with emissions of carbon dioxide and carbon as an indicator of environmental pollution. Discussion and Conclusion: In particular, the increase in the development of financial markets, the payment facilities in the industrial sector and in the agricultural sector leads to a reduction in carbon dioxide emissions as an indicator of environmental pollution.

References:

1. Hori, H, Jalaei, S, Jafari, S, 2013, Survey effects of financial development and energy consumption on environment in Iran according to EKC, Journal of energy economic researches, Vol. 2, pp. 27-48.


2. Tamazian, A., Rao, B.B. 2010. Do Economic, Financial and Institutional Developments Matter for Environmental Degradation? Evidence from Transitional Economies. Energy Economics, Vol.32, pp. 137–145.


3. Tamazian, A., Chousa, J. P., and K. C. Vadlamannati .2009. Does Higher Economic and Financial Development Lead to Environmental Degradation: Evidence from BRIC Countries, Energy Policy, Vol. 37, pp. 246-253. doi: 10.1016/j.enpol.2008.08.025


4. Alishiri, H, Mohammadkhani, Sh, Bagheri, A, 2017, Survey evective factors on CO2 emotion with Laspierz decomposition, Journal of science and Technology of Environment, Vol. 4, pp. 51-62.


5. Heidari, H, Pasha Zanoosi, M, Kasraei, Sh, 2016, Survey relation between economic growth, environmental pollution, financial development and trade openness in eight Islamic countries, Journal of environment economic, Vol. 13, pp. 649-667.


6. Mahdavi, A, Amirbabaei, S, 2015, Survey effect of financial development on quality of environment in Iran, Journal of economic researches, Vol. 15, pp. 1-23.
   
   
   1. Mamipour, S, Mohammadi, A, Cheraghi, B, 2014, Roll of financial and business development on quality of environment in Iran, Incarnation conference of green economic, No. 18.
   
   


7. Asgharpour, H, Behboodi, D, Mohammadi, R, 2013, Effects of economic development and finance development on environmental quality in OPEC countries, Journal of Environmental and Energy Economics, Vol. 2, pp. 1-26.


8. Houda, B, Lamia, M. 2016.Interaction between Financial Development and Sustainable Development, Evidence from Developing Countries: A Panel Data Study, International Journal of Economics and Finance, Vol. 8, pp. 12-16.
   
   
   1. 10- Usama Al-mulali, Chor Foon Tang, Ilhan Ozturk. 2015. Does financial development reduce environmental degradation? Evidence from a panel study of 129 countries, Environ Sci Pollut Res DOI 10.1007/s11356-015-4726-x
   
   
   2. Ozturk, I. and Acaravci, A. 2013. The Long Run and Causal Analysis of Energy, Growth, Openness and Financial Development on Carbon Emissions in Turkey, Journal of Energy Economics, Vol. 36, pp. 262-267.
   
   
   3. Jalil, A., M. Feridun .2011. The Impact of Growth, Energy and Financial Development on the Environment in China: A Cointegration Analysis, Energy Economics, Vol. 33, pp. 284-291. doi: 10.1016/j.eneco.2010.10.003.
   
   


9. Aleomran, R, Panahi, H, Kabiri, Z, 2012, Survey of causality relation between economic growth and CO2, energy consumption and employment in Iran, Journal of Planning, Vol. 17, pp. 1-26.
   
   
   1. Omri. A, Daly, S. Rault, Ch. Chaibi, A. 2015. Financial Development, Environmental Quality, Trade and Economic Growth: What Causes What in Mena Countries? Energy Economics, Vol.48, pp. 242-252.
   
   


10. Kazemi, M, Falahi, M, Zarin Alian, A, 2013, Survey effect of financial development on CO2 emotion in Iran, Journal of Monetary and Finance, Vol. 20, pp. 6-15.