scholarly journals The Kenya Case of Multivariate Causality of Carbon Dioxide Emissions

2016 ◽  
Author(s):  
Samuel Asumadu-Sarkodie ◽  
Phebe Asantewaa Owusu
Keyword(s):  
Carbon Dioxide ◽  
Financial Development ◽  
Carbon Dioxide Emissions ◽  
Food Production ◽  
Time Series Data ◽  
Cointegration Analysis ◽  
Gdp Per Capita ◽  
Series Data ◽  
Production Index ◽  
Per Capita

In this study, an attempt was made to investigate the Kenya case of multivariate causality of carbon dioxide emissions by employing a time series data spanning from 1961-2011 using the ARDL method of cointegration analysis. The long-run elasticities show that, a 1% increase in financial development increases carbon dioxide emissions by 0.28%, a 1% increase in GDP per capita increases carbon dioxide emissions by 1.32% and a 1% increase in urbanization decreases carbon dioxide emissions by 1.14%. There was a unidirectional causality running from financial development, food production index, GDP per capita, industrialization and urbanization to carbon dioxide emissions. The innovation accounting shows that 20% of future shocks in carbon dioxide emissions are due to fluctuations in financial development, 9% of future shocks in financial development are due to fluctuations urbanization and 22% of future shocks in food production index are due to fluctuations in carbon dioxide emissions.

Comparative Study on BRIC Carbon Dioxide Emissions - Econometric Empirical Test Based on Cross-Century Time Series Data

2012 ◽  
Vol 616-618 ◽  
pp. 1512-1515
Author(s):  
Wei Hua Du
Keyword(s):  
Carbon Dioxide ◽  
Time Series ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Comparative Statics ◽  
Total Carbon ◽  
Series Data ◽  
Per Capita Gdp ◽  
Bric Countries ◽  
Per Capita

Take for example the BRIC economies: Brazil, Russia, India and China. We investigated the time series data on the relationship between carbon dioxide emission and economic growth in these fast-growing developing countries by both comparative statics and comparative dynamics. The results show that there is the monotonic relationship between total carbon dioxide emissions, carbon dioxide emissions per capita and per capita GDP in any one of the BRIC countries. And there is decreasing relationship between the carbon dioxide emissions per unit GDP and per capita GDP.

scholarly journals FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH IN MALAYSIA FROM 1990 TO 2019: VECM APPROACH

2021 ◽  
Vol 3 (8) ◽  
pp. 37-54
Author(s):  
Norhidayati Mohamed Zakaria ◽  
Mohamad Yazis Ali Basah
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Time Series Data ◽  
Global Financial Crisis ◽  
Gdp Per Capita ◽  
Series Data ◽  
Integration Test ◽  
Domestic Credit ◽  
Per Capita ◽  
The Relationship

Economists believe that efficient financial development is significant for building sustainable economic growth in any country. The global financial crisis, economic events and country’s uniqueness has resulted in continuous research to examine the relationship of financial and economic development using numerous methods and indicators which presented various simulation that led to different views on the linkages. Most of the studies had tested the indicators individually which resulted in less dynamic findings and creates a gap in the research. Hence, this paper aims to examine the relationship between financial development and economic growth in Malaysia by observing different economic indicators concurrently. This study using Malaysia’s annual time series data from 1990 to 2019. This study employs descriptive statistics, regression estimations, unit root test, Johansen co-integration test, VAR, and VECM modeling. The FTSE Kuala Lumpur Composite Index (FBMKLCI) and domestic credit as a percentage to GDP (DC) have been used as proxies for financial development while GDP per capita and Industrial Production Index (IPI) as proxies for economic growth. The findings reveal that FBMKLCI and domestic credit produces a significant relationship towards GDP per capita in the long run and short run. Contrary results found in FBMKLCI-domestic credit-IPI nexus whereby FBMKLCI and domestic credit demonstrate negative association towards IPI. As this study uses the same variables to indicates the relationship towards unalike economic growth gauge, more dynamic work and effort shall be considered to enhance the results. Government and respective institutions shall play their role effectively to revisit or formulate policy and law of the financial system to stimulate the growth of the Malaysian economy.

Impact of urbanization on per capita energy use and emissions in India

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Stuti Haldar ◽  
Gautam Sharma
Keyword(s):  
Carbon Dioxide ◽  
Energy Consumption ◽  
Population Density ◽  
Carbon Dioxide Emissions ◽  
Energy Demand ◽  
Energy Use ◽  
Energy Intensity ◽  
Series Data ◽  
Content Type ◽  
Per Capita

Purpose The purpose of this study is to investigate the impacts of urbanization on per capita energy consumption and emissions in India. Design/methodology/approach The present study analyses the effects of urbanization on energy consumption patterns by using the Stochastic Impacts by Regression on Population, Affluence and Technology in India. Time series data from the period of 1960 to 2015 has been considered for the analysis. Variables including Population, GDP per capita, Energy intensity, share of industry in GDP, share of Services in GDP, total energy use and urbanization from World Bank data sources have been used for investigating the relationship between urbanization, affluence and energy use. Findings Energy demand is positively related to affluence (economic growth). Further the results of the analysis also suggest that, as urbanization, GDP and population are bound to increase in the future, consequently resulting in increased carbon dioxide emissions caused by increased energy demand and consumption. Thus, reducing the energy intensity is key to energy security and lower carbon dioxide emissions for India. Research limitations/implications The study will have important policy implications for India’s energy sector transition toward non- conventional, clean energy sources in the wake of growing share of its population residing in urban spaces. Originality/value There are limited number of studies considering the impacts of population density on per capita energy use. So this study also contributes methodologically by establishing per capita energy use as a function of population density and technology (i.e. growth rates of industrial and service sector).

scholarly journals Testing the Existence of the Ricardian Equivalence in Ghana in this 21st Century

1970 ◽  
Vol 2 (2) ◽  
pp. 16-27
Author(s):  
Okwan Frank ◽  
Kovacs Peter
Keyword(s):  
Time Series Data ◽  
Aggregate Demand ◽  
Government Expenditure ◽  
Gdp Per Capita ◽  
Series Data ◽  
Ricardian Equivalence ◽  
Consumption Expenditure ◽  
Model Framework ◽  
Long Run ◽  
Per Capita

The Ricardian Equivalence Hypothesis formulated by a classical British economist David Ricardo argues that a reduced tax now is a tax increase in the future, the substitution of debt for current taxes has no effect on aggregate demand. The main objective of this paper is to examine empirically the existence of the Ricardian equivalency in Ghana by using time series data running from 1990 to 2017 and ARDL bound testing approach to cointegration and Error Correction Model framework developed by Pesaran and Shin (1995,1999). We examined the long run relationship between the dependent variable household final consumption expenditure and independent variables government expenditure, deficit, GDP per capita and gross debt. The long run results showed a positive and significant relationship between GDP per capita and household consumption expenditure. The result of analysis supports the Keynesian conventional theory and found strong evidence against the existence of the Ricardian Equivalency Hypothesis in Ghana.

Economic growth, Industrialization, Trade, Electricity production and Carbon dioxide emissions: Evidence from Ghana

2021 ◽  
Vol 4 (1) ◽  
Author(s):  
Kingsley Appiah ◽  
Rhoda Appah ◽  
Oware Kofi Mintah ◽  
Benjamin Yeboah
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Electricity Production ◽  
Series Data ◽  
Data Set ◽  
Development Indicators ◽  
Explanatory Variables ◽  
Distributed Lag

Abstract: The study scrutinized correlation between electricity production, trade, economic growth, industrialization and carbon dioxide emissions in Ghana. Our study disaggregated trade into export and import to spell out distinctive and individual variable contribution to emissions in Ghana. In an attempt to investigate, the study used time-series data set of World Development Indicators from 1971 to 2014. By means of Autoregressive Distributed Lag (ARDL) cointegrating technique, study established that variables are co-integrated and have long-run equilibrium relationship. Results of long-term effect of explanatory variables on carbon dioxide emissions indicated that 1% each increase of economic growth and industrialization, will cause an increase of emissions by 16.9% and 79% individually whiles each increase of 1% of electricity production, trade exports, trade imports, will cause a decrease in carbon dioxide emissions by 80.3%, 27.7% and 4.1% correspondingly. In the pursuit of carbon emissions' mitigation and achievement of Sustainable Development Goal (SDG) 13, Ghana need to increase electricity production and trade exports.   

Research on the Relationship between Economic Growth, Environmental Governance Investment and Carbon Emission--Based on the Time Series Data from 2000 to 2019

2020 ◽  
pp. 713-727
Author(s):  
Xiaohui Wang, Xin Zhang
Keyword(s):  
Economic Growth ◽  
Carbon Emissions ◽  
Carbon Dioxide Emissions ◽  
Carbon Emission ◽  
Environmental Governance ◽  
Time Series Data ◽  
Series Data ◽  
Per Capita ◽  
The Relationship

The study on the relationship between investment in environmental governance, carbon emission and economic growth is helpful for the relevant government departments to coordinate the influence among them when formulating the policies of reducing emission and conserving energy, so as to take the comparative advantages of various factors and promote the benign interaction between economic development and environmental governance. In this paper, the data of Per capita GDP, per capita investment in environmental governance and per capita CARBON dioxide emissions in China from 2000 to 2019 are selected as the research basis, and variables are studied by means of Granger causality and impulse response function. As shown in the results, there is a single Granger relationship between investment in environmental governance and carbon emissions, that is, the increase of investment in environmental governance leads to the reduction of carbon emissions. The influence of economic growth on environmental governance investment is small, but in the long term, it can restrain the growth of carbon emissions. Investment in environmental governance can promote economic growth and stimulate a reduction in the emissions in the short term; Economic growth was hindered by the emissions in the long term and fail to stimulate increased investment in environmental governance. Based on these findings, this paper proposes policy Suggestions for optimizing the structure of environmental governance investment, improving the carbon emission monitoring and response mechanism, and strengthening the technological level of energy conservation and emission reduction.

scholarly journals Emisi Karbon dan Produk Domestik Bruto: Investigasi Hipotesis Environmental Kuznets Curve (EKC) pada Negara Berpendapatan Menengah di Kawasan ASEAN

2020 ◽  
Vol 8 (3) ◽  
pp. 230-246
Author(s):  
Muhamad Ameer Noor ◽  
Putu Mahardika Adi Saputra
Keyword(s):  
Environmental Kuznets Curve ◽  
Carbon Emission ◽  
Time Series Data ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Series Data ◽  
Kuznets Curve ◽  
Middle Income ◽  
Trade Offs ◽  
Per Capita

Policymakers in the world are concerned with carbon emission due to the risk of global warming. Many studies on Environmental Kuznets Curve (EKC) consider carbon emission as a proxy of environmental degradation. This study aimed to investigate the existence of EKC and identify variations of relationships between carbon emissions and GDP per capita in ASEAN middle-income countries. The study was conducted on Indonesia, Thailand, Philippines, and Malaysia based on 1971-2014 time series data using a simultaneous model (2SLS) for each country. The main variables studied were GDP per capita, square of GDP per capita, and carbon emission supported by other variables as the controlling variables. Validation on EKC existence was determined by GDP and GDP squared influence on carbon emission, while variations of relationship between GDP and carbon emission were based on the result of simultaneous regressions. The results showed that the existence of the EKC could not be validated in all countries because energy and transportation policies in each country failed to reduce the emission. On the other hand, carbon emission had a positive unidirectional influence on GDP in all countries. The effect of carbon emission coefficient to GDP showed that Thailand ranked the highest in CO2 efficiency, followed by Indonesia, Philippines, and Malaysia. This study recommended that carbon emission reduction policies in the four countries should focus more to easier access to environmentally friendly technology from developed countries for ensuring trade-offs between the economy and environment.

An econometric study of carbon dioxide (CO2) emissions, energy consumption, and economic growth of Pakistan

2012 ◽  
Vol 6 (4) ◽  
pp. 518-533 ◽  
Author(s):  
Matloub Hussain ◽  
Muhammad Irfan Javaid ◽  
Paul R. Drake
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Environmental Pollution ◽  
Granger Causality ◽  
Time Series Data ◽  
Series Data ◽  
Future Research ◽  
Content Type ◽  
Per Capita

PurposeThe purpose of this paper is to examine the relationship among environmental pollution, economic growth and energy consumption per capita in the case of Pakistan. The per capital carbon dioxide (CO2) emission is used as the environmental indicator, the commercial energy use per capita as the energy consumption indicator, and the per capita gross domestic product (GDP) as the economic indicator.Design/methodology/approachThe investigation is made on the basis of the environmental Kuznets curve (EKC), using time series data from 1971 to 2006, by applying different econometric tools like ADF Unit Root Johansen Co‐integration VECM and Granger causality tests.FindingsThe Granger causality test shows that there is a long term relationship between these three indicators, with bidirectional causality between per capita CO2 emission and per capita energy consumption. A monotonically increasing curve between GDP and CO2 emission has been found for the sample period, rejecting the EKC relationship, implying that as per capita GDP increases a linear increase will be observed in per capita CO2 emission.Research limitations/implicationsFuture research should replace the economic growth variable, i.e. GDP by industrial growth variable because industrial sector is major contributor of pollution by emitting CO2.Practical implicationsThe empirical findings will help the policy makers of Pakistan in understanding the severity of the CO2 emissions issue and in developing new standards and monitoring networks for reducing CO2 emissions.Originality/valueEnergy consumption is the major cause of environmental pollution in Pakistan but no substantial work has been done in this regard with reference to Pakistan.

scholarly journals The Dynamic Relationship among Economic Growth, Energy Consumption and Environment in Iran

2015 ◽  
Vol 50 ◽  
pp. 118-128
Author(s):  
Hamid Amadeh ◽  
Parisa Kafi
Keyword(s):  
Economic Growth ◽  
Carbon Dioxide ◽  
Energy Consumption ◽  
Carbon Dioxide Emissions ◽  
Time Series Data ◽  
Series Data ◽  
Long Run ◽  
Integration Test ◽  
The Government ◽  
Growth Energy

In recent decades, environmental risks and hazards are more visible. These damages caused by a combination of factors such as population growth, economic growth, energy, and industrial activities. This study discusses long-run equilibrium relationship, short-term dynamic relationships and causal relationships between energy consumption, economic growth and the environment (carbon dioxide emissions) in Iran, by using time series data during 1971-2009, through Co integration test. Co integration test demonstrates that a long-run relationship exists among the three variables. It is obvious that carbon dioxide emissions will be increased by positive shock of energy consumption and economic growth, by a one percent increase in energy consumption and economic growth, carbon dioxide emissions will increase 55 and 43 percent respectively. The result of this study is important because of reducing carbon dioxide emissions from energy use and economic development matters. In other words, to reduce carbon dioxide emissions, the government should reduce the amount of Petroleum products in energy consumption, and it also improves the efficiency of using energy.

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