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Frontiers | Do Oil Price Shocks Matter for Environmental Degradation? Evidence of the Environmental Kuznets Curve in GCC Countries

This paper aims to examine the asymmetric impact of oil price shocks on environmental degradation for a panel of six Gulf Cooperation Council (GCC) countries from 1996 to 2016. We use dynamic seemingly unrelated regressions (DSUR) approach that considers cross-sectional dependency to reveal the interrelations between oil price shocks and carbon dioxide (CO2) emissions. The finding shows that the positive shocks of oil prices have a statistically significant negative effect on CO2 emissions, while negative shocks of oil prices did not affect CO2 emissions. More specifically, the positive oil price shocks have negatively influenced the CO2 emissions in Oman, Bahrain, Saudi Arabia, Qatar, and United Emirates Arab. In turn, the most negative effect is found in Qatar and Saudi Arabia. Meanwhile, the negative shocks of oil prices have statistically significant effects on the CO2 emission of Oman and Saudi Arabia. While for other countries, it does not have a significant impact. Also, the res ....

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UP Polls: Third Minister Resigns From Adityanath Cabinet in as Many Days, to Join SP

Posting a photo on Twitter, Samajwadi Party chief Akhilesh Yadav 'welcomed' Dharam Singh Saini. ....

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UP Elections 2022: Third Minister Quits Yogi Cabinet, OBC Leader Dharam Singh Saini Likely to Join SP : #PoliticalNews

UP Elections 2022: Third Minister Quits Yogi Cabinet, OBC Leader Dharam Singh Saini Likely to Join SP : #RashtraNews #Elections #Minister #Quits #Yogi #Cabinet #OBC #Leader #Dharam #Singh #Saini #Join The Yogi Adityanath-led government in Uttar Pradesh was dealt another blow on Thursday as the third minister from the state cabinet quit the BJP. Backward […] ....

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Korupsi Rp332 Juta, Eks Ketua BUMDes di Aceh Diciduk

Husaini menjelaskan, pada 2018 lalu K dan SA disebut membeli sebidang tanah kebun dengan menggunakan dana BUMDes. Namun dari hasil pemeriksaan, ternyata kebun itu fiktif. ....

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Dozens of civilians killed as Nigerian air force bombs village

Dozens of civilians killed as Nigerian air force bombs village
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