Urbanization, Oil Price and Pollution in Saudi Arabia


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Authors

  • Haider Mahmood Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia. http://orcid.org/0000-0002-6474-4338
  • Tarek Tawfik Yousef Alkhateeb College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia and 2Kafr Elshiekh University, Kafr Elshiekh 33511, Egypt
  • Maleeha Mohammed Zaaf Al-Qahtani College of Education, Prince Sattam bin Abdulaziz University, Al-Dilam 16213, Saudi Arabia
  • Zafrul Allam College of Business Administration, Prince Sattam bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia
  • Nawaz Ahmad University of Lahore, Lahore 54590, Pakistan
  • Maham Furqan 5S&P Global Market Intelligence, Islamabad 44000, Pakistan

Abstract

Urbanization and income are usually supported by oil prices and revenues in the oil abundant countries. But, the environmental effect of urbanization and oil prices should not be ignored to ensure the sustainable growth of oil abundant economies. We investigate the role of urbanization and oil prices on the CO2 emissions per capita of Saudi Arabia using a period 1980-2014 and cointegration test. Urbanization has positive on the CO2 emissions per capita. So, a rapid and continues increasing urbanization throughout the sample period is found responsible for degrading the environment. Moreover, the oil price is also found responsible for increasing CO2 emissions in the long run but its effects are found insignificant in the short run. We recommend the Saudi economy to diversify from the oil sector to ensure clean environment.Keywords: CO2 emissions, Oil prices, Urbanization, CointegrationJEL Classifications: Q53, P25, Q34DOI: https://doi.org/10.32479/ijeep.8914

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Author Biographies

Haider Mahmood, Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia.

Assistant Professor, Department of Finance, College of Business Administration, Prince Sattam Bin Abdulaziz  university, Alkharj, Saudi Arabia.

Tarek Tawfik Yousef Alkhateeb, College of Business Administration, Prince Sattam Bin Abdulaziz university, Alkharj, Saudi Arabia and 2Kafr Elshiekh University, Kafr Elshiekh 33511, Egypt

College of Business Administration, Prince Sattam Bin Abdulaziz  university, Alkharj, Saudi Arabia and 2Kafr Elshiekh University, Kafr Elshiekh 33511, Egypt

Maleeha Mohammed Zaaf Al-Qahtani, College of Education, Prince Sattam bin Abdulaziz University, Al-Dilam 16213, Saudi Arabia

College of Education, Prince Sattam bin Abdulaziz University, Al-Dilam 16213, Saudi Arabia

Zafrul Allam, College of Business Administration, Prince Sattam bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia

College of Business Administration, Prince Sattam bin Abdulaziz University, Al-Kharj 11942, Saudi Arabia

Nawaz Ahmad, University of Lahore, Lahore 54590, Pakistan

4University of Lahore, Lahore 54590, Pakistan

Maham Furqan, 5S&P Global Market Intelligence, Islamabad 44000, Pakistan

S&P Global Market Intelligence, Islamabad 44000, Pakistan

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Published

2020-01-21

How to Cite

Mahmood, H., Alkhateeb, T. T. Y., Al-Qahtani, M. M. Z., Allam, Z., Ahmad, N., & Furqan, M. (2020). Urbanization, Oil Price and Pollution in Saudi Arabia. International Journal of Energy Economics and Policy, 10(2), 477–482. Retrieved from https://www.econjournals.com/index.php/ijeep/article/view/8914

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