The impact of Some environmental variables on economic growth of United Arab Emirates
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Abstract
This era is characterized by the interconnectedness and acceleration that threatens the world, in which humans life. This paper inviestigate the impact of renewable electricity consumption (REC(, Carbon dioxide emissions )CO2E(,
Electricity production from oil sources )EPFO(, Gross Domestic Production (GDP), and Renewable electricity output (REO) on economic growth (EG) in the United Arb State. Annual data has been used over the period of 1990-2014, this period was chosen based on data availability. The fuzzy inference system is used to estimate the economic
growth, and the regression analysis has done as tools to find the relevance between the input and the output (economic growth). The results have shown that )REC(, sources )EPFO(, )CO2E( is significant with an emphasis on that EPFOandCO2E are inversely proportional with Economic Growth, that, the indicators explain 64.75% of the changes that take place in economic growth and there is no Autocorrelation problem based on Durbin-Watson Test. In addition, VECM model is utilized for finding out the effect of (EPFO, REC) on (EG). The experimental results show that (EPFO, REC) explains 55.97% of the changes that occur in in (EG). Moreover, the experimental results of serial Correlation LM Test and Heteroskedasticity Test is 0.64and 76.61respectively, That is mean model Does not suffer from serial Correlation and ther is no Heteroskedasticity in the residual.
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