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Article
Publication date: 23 November 2021

Ismail Aliyu Danmaraya, Aminu Hassan Jakada, Suraya Mahmood, Bello Alhaji Ibrahim and Ahmad Umar Ali

The purpose of this paper is to look at the asymmetric effect of oil production on environmental degradation in OPEC member countries from 1970–2019.

Abstract

Purpose

The purpose of this paper is to look at the asymmetric effect of oil production on environmental degradation in OPEC member countries from 1970–2019.

Design/methodology/approach

The authors build a nonlinear panel ARDL–PMG model using the Shin et al. (2014) nonlinear autoregressive distributed lag (ARDL) approach in panel form to assess both the short- and long-run impact of positive and negative oil production movements on CO2 emissions.

Findings

The result demonstrates that the variables are cointegrated. According to the linear long run coefficients, oil production, FDI inflows and economic growth both have a positive and significant relationship with CO2 emissions, implying that they deteriorate environmental quality in OPEC countries, while renewable energy has a negative relationship with CO2, implying that increasing renewable energy improves environmental quality. The asymmetric findings prove that positive and negative shocks of oil production exert a positive effect on carbon emissions in short run and long run.

Research limitations/implications

To begin with, the empirical assessments do not include all OPEC member nations; researchers are advised to resolve this constraint by looking at the economies of other OPEC members. Albeit the lack of data for other energy sources may serve as another constraint of this research, future research is expected to broaden the current framework via other energy sources such as nuclear, electricity, biomass, solar as well as wind.

Originality/value

The research adds to the body of knowledge as many of the prevailing studies in the literature failed to look at the asymmetric effect of oil production on the quality of environment. This is another gap in the literature that the current study is set out to fill. This study adds oil production as an explanatory variable and helps to extend the existing literature for OPEC countries, which could propose a solution to deal with ensuing environmental issues.

Details

International Journal of Energy Sector Management, vol. 16 no. 4
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 25 May 2010

Ibrahim Nuruddeen Muhammad

The purpose of this paper is to raise awareness of the role of Islamic endowments (awqaf) as viable mechanisms for financing poverty alleviation programmes and the value of the…

2099

Abstract

Purpose

The purpose of this paper is to raise awareness of the role of Islamic endowments (awqaf) as viable mechanisms for financing poverty alleviation programmes and the value of the third sector in promoting public welfare.

Design/methodology/approach

Secondary sources provided the main data for the study. These were supplemented with personal discussions and observations. Narrative approach was used for analysis.

Findings

The lack of awareness about endowments (awqaf) is a barrier to harnessing their potentials in redressing socio‐economic inequities and enhancing the quality of life of the poor in Kano.

Social implications

Scholars, merchants and civil society organizations will be awakened to the need to cooperate in employing the institution of awqaf reducing poverty through the provision of quality education, better health care and employment opportunities. Government will be made aware of the need to explore non‐conventional methods in tackling poverty, recognize Islamic endowments (awqaf) as viable alternatives in financing community welfare programmes and provide all necessary policy support –legal/institutional/financial – for their smooth operation.

Originality/value

The worth of this paper lies in drawing the attention of stakeholders, like policy makers, and the general public to the contemporary relevance of, and demand for, Islamic endowments (awqaf) in solving many of the socio‐economic problems excluding the poor from leading a decent life.

Details

Humanomics, vol. 26 no. 2
Type: Research Article
ISSN: 0828-8666

Keywords

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