GRM 2010 GRM 2011

Abstract Details

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To What Extent GDP, FDI and Import Impact on Carbon Dioxide Emissions? A panel EGLS analysis to the environmental policy of GCC countries
Paper Proposal Text :
The GCC countries joined to the United Nations framework convention on climate change, and in 2005-2006 have ratified the Kyoto protocol. In contrast, these countries are listed among the top 25 countries in terms of their contribution to increasing the level of carbon dioxide emissions more than the average world. The emissions ranged from 45 percent to 50 percent of the total emissions of Arab countries. Furthermore, the GCC countries’ unified economic agreement which has been singed on 1981 and activated in 2002 aimed for easing free trade and attract more FDI to enhance the level of economic growth. This agreement has also emphasized on reducing levels of pollution and achieving a sustainable economic growth.
In reality, there is an increase in the level of emissions along with the level of rising of economic growth in GCC countries. Accordingly, in this study we will test the most significant variables pertaining to the increasing carbon dioxide emissions in GCC countries. The research objective is to determine how much the FDI inflows, economic growth, and commodity imports influenced the increasing level of emissions, and which variable has most effect? For this purpose, an empirical model is specified as a function of FDI inflows, per capita GDP growth rate, and commodity imports. However, we have built this model based on Environmental Kuznets Curve assumption (EKC), as well as Pollution Haven Hypothesis (PHH). It will be examined simultaneously a 66 balanced observation of the six GCC countries within the panel data technique using cross-section random effects.

JEL Classification: C33, F10, F21, Q56
Keywords: Carbon dioxide emissions, GCC, Growth, Panel data. Environmental policy.