Comparative Comparison of the Effects of Shocks on Oil Consumption on CO2 Emissions and Economic Growth in Iran and Selected Countries of MENA

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Ghazvinian Mohammad hasaN; HOJABR KIANI KAMBIZ; DEHGHANI ALI; ZANDI FATEMEH; SAEIDI KHALIL

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Journal: IRANIAN JOURNAL OF APPLIED ECONOMICS Year:2018 | Volume:8 | Issue:25 Page(s): 1-15

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Title

Comparative Comparison of the Effects of Shocks on Oil Consumption on CO2 Emissions and Economic Growth in Iran and Selected Countries of MENA

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Keywords

oil consumptionQ1

carbon dioxide emissionsQ2

economic growthQ2

selected countries of MENAQ1

Iran's economyQ2

Abstract

Oil, as a huge source of wealth, can also act as an obstacle to the economic development of the oil-rich countries, in addition to being the engine for economic growth in these countries. The increase in crude oil consumption in various sectors of the economy has caused a massive emission of greenhouse gases, as well as global damage. Determining the effect of this factor on environmental contamination is important. Crude oil is one of the factors of production and plays an important role in production. Considering that a large share of energy consumption is consumed by major oil products (crude oil, petroleum, gas oil and kiln) Therefore, in this paper, we tried to study the effects of shocks of crude oil consumption on carbon dioxide emissions and economic growth in selected countries of MENA by using the PVAR approach as well as Iran using the VAR method and the results suggest that the shock of increasing crude oil consumption after an insignificant fall in GDP per capita will increase proportionally in subsequent periods in selected of MENA countries during the period 1992 to 2016, The effect of this shock on carbon dioxide emissions also mildly initially leads to an increase in carbon dioxide emissions, but in subsequent periods it decreases and moves towards long-term equilibrium.

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APA: Copy

Ghazvinian, Mohammad hasaN, HOJABR KIANI, KAMBIZ, DEHGHANI, ALI, ZANDI, FATEMEH, & SAEIDI, KHALIL. (2018). Comparative Comparison of the Effects of Shocks on Oil Consumption on CO2 Emissions and Economic Growth in Iran and Selected Countries of MENA. IRANIAN JOURNAL OF APPLIED ECONOMICS, 8(25 ), 1-15. SID. https://sid.ir/paper/202052/en

Vancouver: Copy

Ghazvinian Mohammad hasaN, HOJABR KIANI KAMBIZ, DEHGHANI ALI, ZANDI FATEMEH, SAEIDI KHALIL. Comparative Comparison of the Effects of Shocks on Oil Consumption on CO2 Emissions and Economic Growth in Iran and Selected Countries of MENA. IRANIAN JOURNAL OF APPLIED ECONOMICS[Internet]. 2018;8(25 ):1-15. Available from: https://sid.ir/paper/202052/en

IEEE: Copy

Mohammad hasaN Ghazvinian, KAMBIZ HOJABR KIANI, ALI DEHGHANI, FATEMEH ZANDI, and KHALIL SAEIDI, “Comparative Comparison of the Effects of Shocks on Oil Consumption on CO2 Emissions and Economic Growth in Iran and Selected Countries of MENA,” IRANIAN JOURNAL OF APPLIED ECONOMICS, vol. 8, no. 25 , pp. 1–15, 2018, [Online]. Available: https://sid.ir/paper/202052/en

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