Natural resource rent, financial globalization, and environmental degradation: Evidence from a resource rich country

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dc.authorid0000-0001-8901-7965en_US
dc.authorid0000-0002-3710-6146en_US
dc.contributor.authorAkadiri, Seyi Saint
dc.contributor.authorOlasehinde-Willams, Godwin
dc.contributor.authorHaouas, Ilham
dc.contributor.authorLawal, Gold Olamide
dc.contributor.authorFatigun, Ayodeji Samson
dc.contributor.authorSadiq-Bamgbopa, Yetunde
dc.date.accessioned2024-03-27T11:41:43Z
dc.date.available2024-03-27T11:41:43Z
dc.date.issued2023en_US
dc.departmentFakülteler, İşletme Fakültesi, İşletme Bölümüen_US
dc.description.abstractThis paper examines the role of financial globalization and natural resource rents on carbon emissions in the case of Nigeria from 1970 to 2020 using Breitung-Candelin Spectral Granger-causality and wavelet coherence analysis. The spectral analysis decomposes variability in a time series into its periodic components, which is preferable for series that are short-spanned, nonlinear, or are characterized by seasonal and economic episodes, while the wavelet coherence analysis could produce localized decompositions both in time and frequency domains. Using these techniques, we find a one-way causal effect running from financial globalization and natural resource rents to carbon emissions within the specified scale and time. Financial globalization and natural resource rents are useful for predicting environmental degradation in Nigeria. Thus, policymakers should factor in financial globalization and natural resource rent when formulating environmental policies to mitigate climate change effect for the immediate and future generations. Financial penetration should be channeled toward green investment. The deposit money banks should provide and prioritize credit only to firms and individuals that consider investing in modern and clean technologies, while the policy on exploration and exploitation of natural resources should review to attract foreign investors that would improve the existing technologies or bring in energy-efficient and energy-saving ones.en_US
dc.identifier.doi10.1177/0958305X231159446en_US
dc.identifier.urihttps://hdl.handle.net/11467/7205
dc.identifier.urihttps://doi.org/10.1177/0958305X231159446
dc.identifier.wosWOS:000943841200001en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherSAGE Publications Ltden_US
dc.relation.ispartofEnergy and Environmenten_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/restrictedAccessen_US
dc.subjectFinancial globalization; natural resource rents; Nigeria; predictive analysis; time seriesen_US
dc.titleNatural resource rent, financial globalization, and environmental degradation: Evidence from a resource rich countryen_US
dc.typeArticleen_US

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