Economic growth, energy consumption and carbone dioxide emissions: recent evidence from panel data analysis for 58 countries

Economic growth, energy consumption and carbone dioxide emissions: recent evidence from panel... This paper investigates the causal relationship between energy consumption, $$\hbox {CO}_{2}$$ CO 2 emissions and economic growth using dynamic simultaneous-equation panel data models for 58 countries over the period 1990–2012. We also estimate this relationship for three regional panels; namely, Europe and North Asia, Latin America and the Caribbean, and the Middle East, North Africa, and the sub-Sahara African region. Our results indicate that there is a bidirectional causality relationship between energy consumption and economic growth for the four panels, while our results significantly reject the neo-classical assumption that energy is neutral for growth. Similarly, the results support the occurrence of a bidirectional causality relationship between energy consumption and $$\hbox {CO}_{2}$$ CO 2 emissions for the four panels. A unidirectional causality running from $$\hbox {CO}_{2}$$ CO 2 emissions to economic growth for the Latin American and Caribbean, which implies that, the environment degradation has a negative impact on economic growth. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Economic growth, energy consumption and carbone dioxide emissions: recent evidence from panel data analysis for 58 countries

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Publisher
Springer Journals
Copyright
Copyright © 2015 by Springer Science+Business Media Dordrecht
Subject
Social Sciences; Methodology of the Social Sciences; Social Sciences, general
ISSN
0033-5177
eISSN
1573-7845
D.O.I.
10.1007/s11135-014-0153-1
Publisher site
See Article on Publisher Site

Abstract

This paper investigates the causal relationship between energy consumption, $$\hbox {CO}_{2}$$ CO 2 emissions and economic growth using dynamic simultaneous-equation panel data models for 58 countries over the period 1990–2012. We also estimate this relationship for three regional panels; namely, Europe and North Asia, Latin America and the Caribbean, and the Middle East, North Africa, and the sub-Sahara African region. Our results indicate that there is a bidirectional causality relationship between energy consumption and economic growth for the four panels, while our results significantly reject the neo-classical assumption that energy is neutral for growth. Similarly, the results support the occurrence of a bidirectional causality relationship between energy consumption and $$\hbox {CO}_{2}$$ CO 2 emissions for the four panels. A unidirectional causality running from $$\hbox {CO}_{2}$$ CO 2 emissions to economic growth for the Latin American and Caribbean, which implies that, the environment degradation has a negative impact on economic growth.

Journal

Quality & QuantitySpringer Journals

Published: Feb 10, 2015

References

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