Examining the asymmetric effects of stock markets on Malaysia’s air pollution: a nonlinear ARDL approach

Al-mulali, Usama; Solarin, Sakiru Adebola; Ozturk, Ilhan

Examining the asymmetric effects of stock markets on Malaysia’s air pollution: a nonlinear ARDL approach

2019

Al-mulali, Usama | Solarin, Sakiru Adebola | Ozturk, Ilhan

The objective of this research is to examine the effects of stock market on air pollution in Malaysia during the period 1980–2017. To realize this aim, a nonlinear autoregressive distributed lag (ARDL) model is constructed. The short results in general revealed that the increase in stock markets will increase CO₂ emissions and its significance increases in the long run. Moreover, the decline in stock market will reduce Malaysia’s CO₂ emissions but only in the long run. From the outcomes obtained, a number of policy recommendations were provided for the investigated country.

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