Does Islamic Financial Development Reduce Carbon Emissions? Evidence from OIC Countries
نویسندگان
چکیده
Islamic finance has great potential in encouraging the development of social and economic infrastructure. The rapid improvement sector increasingly good growth have a positive impact on infrastructure Countries Organization Cooperation (OIC). study analyzed financial CO2 emissions 12 OIC countries including United Arab Emirates, Indonesia, Jordan, Kazakhstan, Kuwait, Lebanon, Malaysia, Nigeria, Pakistan, Saudi Arabia, Sudan Turkey from 2013 to 2018. dependent variables used are emissions, while independent include GDP per capita, Sukuk issuance, total sharia-compliant, energy consumption, industry value-added. Panel Corrected Standard Error (PCSE) method robustness using Newey-West standard error model. Results showed that capita value added significantly increased emissions. Conversely, namely issuance sharia-compliant negative significant This research suggests for policymakers further encourage sustainable efficiency renewable production consumption reduce maintain environmental quality.
منابع مشابه
The Role of Islamic Finance in Enhancing Financial Inclusion in Organization of Islamic Cooperation (OIC) Countries
The core principles of Islam lay great emphasis on social justice, inclusion, and sharing of resources between the haves and the have nots. Islamic finance addresses the issue of “financial inclusion” or “access to finance” from two directions — one through promoting risk-sharing contracts that provide a viable alternative to conventional debt-based financing, and the other through specific ins...
متن کاملCurrency ::union:: and Bilateral Trade: Evidence from OIC Countries
In recent years, there has been an increasing interest in currency :union:s internationally. The formation of currency :union: in Organization of Islamic Cooperation (OIC) has drawn much attention of Islamic countries. This paper aims to investigate the effect of currency :union: formation for trade among 49 Islamic countries over the period 1990-2012 by OCA and Augmented Gravity Model (AGM). T...
متن کاملImpact of Financial Development on CO2 Emissions: Panel Data Evidence from Iran’s Economic Sectors
Introduction: The national trend indicates that various provinces of Iran have experienced in attaining economic growth exclusive of parallel observing a boost in CO2 emissions. It is clear that the effects of CO2 emissions on health indicators such as death rate, infant mortality, and health expenditures have been ignored by policy makers over the last decade. Methods: This study for ...
متن کاملDoes Economic Collaboration Adjust The Effects Of Financial Crises On Poverty In The Islamic Countries
متن کامل
Does Institutions Matter for Economic Development? Evidence for ASEAN Selected Countries
Abstract The theoretical and applied issues of the relationship between institutions and economic growth have thoroughly been examined in ASEAN countries. This study revisits the issue and tests the role of institutions in the economic growth using the World Governance Indicators (WGI) and uses a new method to examine the impact of the various institutions on the economic growth. We used dynam...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Islamic economics journal
سال: 2023
ISSN: ['2460-1896', '2541-5573']
DOI: https://doi.org/10.21111/iej.v8i2.7333