Nuclear energy, CO 2 emissions and economic growth The case of developing and developed countries

Nuclear energy, CO 2 emissions and economic growth The case of developing and developed countries Purpose – The paper aims to study the relationship between economic growth, nuclear energy consumption and carbon dioxide (CO 2 ) emissions for a panel of 25 countries over a period of 1993‐2010. Through this study, the author has provided an insight into one of the available sources of energy, i.e. nuclear energy and its impact on economic growth and CO 2 emissions. Design/methodology/approach – Separate panels are created for developing and developed economies. Short‐ and long‐run causalities between the variables are established using error correction mechanism. Findings – For the developed countries, short‐run causality running from CO 2 emissions to economic growth was estimated, whereas strong form of causality indicated the dependence of CO 2 emissions on economic growth and nuclear energy consumption was seen to impact CO 2 emissions. For the developing countries, both the short‐run and strong‐form causality estimates indicate that economic growth causes CO 2 emissions. Practical implications – On policy front, developing countries can safely adopt CO 2 cut‐back policies as they are not found to impact economic growth. For the developed countries, such policies may impede growth in the short run, but in the long run these policies do not affect the economic growth. Originality/value – Keeping in mind the significance of nuclear energy consumption in economic growth and less/no GHG emissions generated by nuclear energy, this study validates its significance. This study, to the best of the author's knowledge, considers the largest panel (i.e. 25 countries) to date and the only study that focuses on studying three different panels (complete dataset, developed countries, developing countries) in one study and applies the vector error correction mechanism to study the causal relationship between nuclear energy consumption, CO 2 emissions and economic growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Studies Emerald Publishing

Nuclear energy, CO 2 emissions and economic growth The case of developing and developed countries

Journal of Economic Studies, Volume 40 (6): 13 – Oct 25, 2013

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Publisher
Emerald Publishing
Copyright
Copyright © 2013 Emerald Group Publishing Limited. All rights reserved.
ISSN
0144-3585
D.O.I.
10.1108/JES-04-2012-0044
Publisher site
See Article on Publisher Site

Abstract

Purpose – The paper aims to study the relationship between economic growth, nuclear energy consumption and carbon dioxide (CO 2 ) emissions for a panel of 25 countries over a period of 1993‐2010. Through this study, the author has provided an insight into one of the available sources of energy, i.e. nuclear energy and its impact on economic growth and CO 2 emissions. Design/methodology/approach – Separate panels are created for developing and developed economies. Short‐ and long‐run causalities between the variables are established using error correction mechanism. Findings – For the developed countries, short‐run causality running from CO 2 emissions to economic growth was estimated, whereas strong form of causality indicated the dependence of CO 2 emissions on economic growth and nuclear energy consumption was seen to impact CO 2 emissions. For the developing countries, both the short‐run and strong‐form causality estimates indicate that economic growth causes CO 2 emissions. Practical implications – On policy front, developing countries can safely adopt CO 2 cut‐back policies as they are not found to impact economic growth. For the developed countries, such policies may impede growth in the short run, but in the long run these policies do not affect the economic growth. Originality/value – Keeping in mind the significance of nuclear energy consumption in economic growth and less/no GHG emissions generated by nuclear energy, this study validates its significance. This study, to the best of the author's knowledge, considers the largest panel (i.e. 25 countries) to date and the only study that focuses on studying three different panels (complete dataset, developed countries, developing countries) in one study and applies the vector error correction mechanism to study the causal relationship between nuclear energy consumption, CO 2 emissions and economic growth.

Journal

Journal of Economic StudiesEmerald Publishing

Published: Oct 25, 2013

Keywords: Economic growth; CO 2 emissions; Nuclear energy consumption

References

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