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image/svg+xml Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Closed Access logo, derived from PLoS Open Access logo. This version with transparent background. http://commons.wikimedia.org/wiki/File:Closed_Access_logo_transparent.svg Jakob Voss, based on art designer at PLoS, modified by Wikipedia users Nina and Beao Environmental Scienc...arrow_drop_down
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Environmental Science and Pollution Research
Article . 2020 . Peer-reviewed
License: Springer TDM
Data sources: Crossref
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Value addition in the services sector and its heterogeneous impacts on CO2 emissions: revisiting the EKC hypothesis for the OPEC using panel spatial estimation techniques

Authors: Mohamed Elheddad; Mohamed Elheddad; Muntasir Murshed; Mira Nurmakhanova; Rizwan Ahmed;

Value addition in the services sector and its heterogeneous impacts on CO2 emissions: revisiting the EKC hypothesis for the OPEC using panel spatial estimation techniques

Abstract

This study examines the Environmental Kuznets Curve (EKC) hypothesis in the context of 12 members of the OPEC by utilizing data on both the aggregate gross value added and the services' sectoral value-added between 1992 and 2015. This empirical work contributes to the literature by applying the panel spatial techniques which resulted in the findings as follows. Firstly, the results verify the authenticity of the EKC hypothesis for the aggregate level of gross value added as perceived from its inverted-U shaped association with CO2 emissions. Secondly, the disaggregated analysis affirms the heterogeneity of the validity of the EKC hypothesis across the subsectors within the services sector; this justifies the importance of analyzing the EKC hypothesis from a comprehensive (disaggregated) perspective for unearthing key sector-specific policy implications. The results reveal that the EKC hypothesis holds only in the context of construction services only but not for the cases of restaurant services, tourism and transportation services. These key findings call for effective measures to be undertaken to address the adverse environmental impacts that can be attributed to thse three sub-sectors for which the EKC did not hold. In line with the overall findings from the empirical exercises, it is recommended that the concerned OPEC members reduce their monotonic dependency on the consumption of fossil fuels, oil in particular, and gradually incorporate renewable energy resources into the energy-mix particularly within their respective services sector.

Keywords

Fossil Fuels, Carbon Dioxide, Environment, Economic Development, Renewable Energy

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
96
Top 1%
Top 10%
Top 1%