Modeling and forecasting 3E in Eastern Asia: a comparison of linear and nonlinear models

Modeling and forecasting 3E in Eastern Asia: a comparison of linear and nonlinear models In this article, we investigate with modeling of the CO2 emissions, energy consumption and economic growth (3E) in East Asian countries over the period 1985–2013 in order to forecast future projections using dynamic simultaneous-equation panel data and artificial neural network models. Our results show that there is bidirectional causality between economic growth and CO2 emissions, between energy consumption and economic growth, and there is unidirectional causality from energy consumption to CO2 emissions. They also indicate that ANN model is suitable model for future projections. Thus, the forecast results by ANN showed that energy demand and CO2 emissions in Eastern Asia continued to rise at the annual growth rates of 4.3 and 6.8 % over the next 12 years. The study reveals several interesting and useful managerial insights and implications. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Quality & Quantity Springer Journals

Modeling and forecasting 3E in Eastern Asia: a comparison of linear and nonlinear models

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Publisher
Springer Netherlands
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/s11135-015-0247-4
Publisher site
See Article on Publisher Site

Abstract

In this article, we investigate with modeling of the CO2 emissions, energy consumption and economic growth (3E) in East Asian countries over the period 1985–2013 in order to forecast future projections using dynamic simultaneous-equation panel data and artificial neural network models. Our results show that there is bidirectional causality between economic growth and CO2 emissions, between energy consumption and economic growth, and there is unidirectional causality from energy consumption to CO2 emissions. They also indicate that ANN model is suitable model for future projections. Thus, the forecast results by ANN showed that energy demand and CO2 emissions in Eastern Asia continued to rise at the annual growth rates of 4.3 and 6.8 % over the next 12 years. The study reveals several interesting and useful managerial insights and implications.

Journal

Quality & QuantitySpringer Journals

Published: Jul 18, 2015

References

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