Revisiting the relationship between energy consumption and economic growth nexus in Vietnam: new evidence by asymmetric ARDL cointegration

In this contemporary era, environmental problems spread at different levels in all countries of the world. Economic growth does not just depend on prioritizing the environment or improving the environmental situation. If the foreign direct investment is directed to the polluting industries, they will increase pollution and damage the environment. The purpose of the study is to consider the relationship between foreign direct investment in Kazakhstan and Uzbekistan and economic growth and renewable energy consumption. The study is based on data obtained from 1992 to 2018. The results show that there is a two-way link between foreign direct investment and renewable energy consumption in the considered two countries. The Granger causality test approach is applied to explore the causal relationship between the variables. The Johansen co-integration test approach is also employed to test for a relationship. The empirical results verify the existence of co-integration between the series. The main factors influencing renewable energy are economic growth and electricity consumption. To reduce dependence on fuel-based energy sources, Kazakhstan and Uzbekistan need to attract energy to renewable energy sources and implement energy efficiency based on rapid progress. This is because renewable energy sources play the role of an engine that stimulates the production process in the economy for all countries.

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Application of Bootstrap Panel Granger Causality Test in Determining the Relationship between Renewable and Non-Renewable Energy Consumption and Economic Growth: a Case Study of OPEC Countries

Technology and Economics of Smart Grids and Sustainable Energy ◽

10.1007/s40866-021-00106-x ◽

2021 ◽

Vol 6 (1) ◽

Author(s):

Maryam Keshavarzian ◽

Zohre Tabatabaienasab

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Granger Causality ◽

Granger Causality Test ◽

Renewable Energy Consumption ◽

Causality Test ◽

Panel Granger Causality ◽

The Relationship

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The relationship between energy consumption, economic growth, and CO2 emissions in China: the role of urbanisation and international trade

Environment Development and Sustainability ◽

10.1007/s10668-021-01628-1 ◽

2021 ◽

Author(s):

Maxwell Kongkuah ◽

Hongxing Yao ◽

Veli Yilanci

Keyword(s):

Economic Growth ◽

International Trade ◽

Energy Consumption ◽

Co2 Emissions ◽

The Relationship

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The Relationship between Economic Growth and Pollution in Some New European Union Member States: A Dynamic Panel ARDL Approach

Energies ◽

10.3390/en14092363 ◽

2021 ◽

Vol 14 (9) ◽

pp. 2363

Author(s):

Mihaela Simionescu ◽

Carmen Beatrice Păuna ◽

Mihaela-Daniela Vornicescu Niculescu

Keyword(s):

Economic Growth ◽

Renewable Energy ◽

Energy Consumption ◽

Ghg Emissions ◽

Kuznets Curve ◽

Renewable Energy Consumption ◽

Panel Ardl ◽

Domestic Credit ◽

The Impact ◽

The Relationship

Considering the necessity of achieving economic development by keeping the quality of the environment, the aim of this paper is to study the impact of economic growth on GHG emissions in a sample of Central and Eastern European (CEE) countries (V4 countries, Bulgaria and Romania) in the period of 1996–2019. In the context of dynamic ARDL panel and environmental Kuznets curve (EKC), the relationship between GHG and GDP is N-shaped. A U-shaped relationship was obtained in the renewable Kuznets curve (RKC). Energy consumption, domestic credit to the private sector, and labor productivity contribute to pollution, while renewable energy consumption reduces the GHG emissions. However, more efforts are required for promoting renewable energy in the analyzed countries.

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