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The Role of Political Stability in Nine Arab Natural Resource-Abundant Countries (ANRAC) Toward Environmental Sustainability through CO2 Mitigation

Author

Listed:
  • Omed Rafiq Fatah

    (Department of Law, Cihan University Sulaimaniya, KRD, Iraq)

  • Hatem Hatef Abdulkadhim Altaee

    (Department of Accounting, Cihan University Sulaimaniya, KRD, Iraq)

Abstract

This study examines the intricate interplay of political stability, natural resource rent, industrialization, globalization, economic growth, and carbon emissions in nine Arab resource-abundant countries (ANRAC) from 1996 to 2019. Applying advanced statistical approaches, such as the Method of Moment Quantiles Regression (MMQREG) as a baseline estimation approach, along with the inclusion of PCSE, FGLS, and FMOLS, to enhance, to enhance the reliability and stability of the obtained results. The study results suggest that globalization, coupled with the interplay between political stability and economic growth, fosters advancements in environmental conditions and the pursuit of sustainable practices. In contrast, political stability, abundant natural resources, sustained economic expansion, and widespread industrialization are associated with increased CO2 emissions, posing detrimental effects on the environment. Notably, there seems to be a correlation between the concurrent improvement of political stability and economic growth and a reduction in CO2 emissions.

Suggested Citation

  • Omed Rafiq Fatah & Hatem Hatef Abdulkadhim Altaee, 2024. "The Role of Political Stability in Nine Arab Natural Resource-Abundant Countries (ANRAC) Toward Environmental Sustainability through CO2 Mitigation," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 28-37, May.
    • Handle: RePEc:eco:journ2:2024-03-4
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    More about this item

    Keywords

    Environmental Sustainability; Political Stability; Globalization; Industrialization; Natural Resources; Arab Natural Resource-Abundant Countries;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • P42 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Productive Enterprises; Factor and Product Markets; Prices
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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