THE RELATIONSHIP BETWEEN CO2 EMISSIONS AND GROSS CAPITAL FORMATION IN TURKEY AND KUWAIT

Main Article Content

Elma Satrovic Adnan Muslija Sadeq J. Abul

Abstract

The aim of this paper is to explore the potential link between gross capital formation and CO2 emissions by using the Toda and Yamamoto approach. The annual time-series data were collected for the period 1971- 2014. Due to the fact that Kuwait aims to become a major trading hub by 2035, it has made significant efforts to improve the infrastructure. Moreover, Turkey is also making strong efforts to improve the manufacturing sector as well as infrastructure, and represents an important trading hub that links Europe with the Middle East. Thus, Turkey and Kuwait are expected to strengthen their economic ties and expand trade, which was the motivation for comparing the link of interest in these two countries. The study’s findings confirm the bidirectional links between all of the variables of interest not only in the case of Turkey but also in the case of Kuwait, suggesting some important policy implications.

Article Details

How to Cite
Satrovic, E., Muslija, A., & Abul, S. J. (2020). THE RELATIONSHIP BETWEEN CO2 EMISSIONS AND GROSS CAPITAL FORMATION IN TURKEY AND KUWAIT. The South East European Journal of Economics and Business, 15(2), 28-42. Retrieved from http://journal.efsa.unsa.ba/index.php/see/article/view/1315
Section
Scientific and Professional papers: Economics and Business
Author Biographies

Elma Satrovic, Çağ University, Turkey

Elma Satrovic, PhD (corresponding author)
Associate Professor, University of Novi Pazar, Serbia
Assistant Professor, Çağ University
Email: elmasatrovic@cag.edu.tr
Address: Yaşar Bayboğan Kampüsü Adana-Mersin
Karayolu üzeri 33800 Mersin
Turkey

Adnan Muslija, Independent Researcher, Bosnia and Herzegovina

Adnan Muslija, PhD
Independent Researcher
Email: adnanmuslija@msn.com
Bosnia and Herzegovina

Sadeq J. Abul, Independent Economic Advisor, Kuwait

Sadeq J. Abul, PhD
Independent Economic Advisor
Email: sadeqabul@gmail.com
Kuwait