Climate change and sustainable development new evidence from the Gulf cooperation Council economies
This study explores the effects of climate change, trade,
population, foreign direct investment, GDP, technological innovation, and
natural resource rents on sustainable development in Gulf Cooperation Council
(GCC) economies from 2001 to 2020. The primary objective is to understand how
these factors contribute to or hinder sustainable development in the region.
Using the descriptive statistics, correlation analysis, unit
root tests, cointegration tests, and, Quantile Autoregressive Distributed Lag
model, Quantile on Quantile, Granger causality tests, we assess the short- and
long-term relationships between these variables.
The findings indicate that technological innovation and
climate change significantly influence sustainable development, especially at
the lower and mean quantiles, suggesting that adapting to technological change
and mitigating climate change are key to sustainability. Additionally, the
study reveals complex, nonlinear relationships among these variables, with
technological innovation, GDP, and population exerting long-term impacts,
whereas natural resource rents and FDI negatively affect sustainability in the
short term.
The Granger causality results further show that variables
such as temperature, natural resources, and FDI influence sustainable
development, while GDP, population, and technological innovation exhibit
bidirectional causal relationships. These results have important policy
implications for enhancing sustainability in the GCC region by integrating
climate adaptation strategies and fostering technological advancement. on
request.