scholarly journals The Interdependencies between Economic Growth, Energy Consumption and Pollution in Europe

Energies ◽  
2021 ◽  
Vol 14 (9) ◽  
pp. 2577
Author(s):  
Ane-Mari Androniceanu ◽  
Raluca Dana Căplescu ◽  
Manuela Tvaronavičienė ◽  
Cosmin Dobrin
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Sustainable Consumption ◽  
Principal Component ◽  
Low Energy Consumption ◽  
New Energy ◽  
Final Score ◽  
Growth Energy ◽  
Sustainable Economic Growth ◽  
Energy Intensive Industries

The strong interdependency between economic growth and conventional energy consumption have led to significant environmental impact, especially with respect to greenhouse gas emissions. Conventional energy-intensive industries release increasing quantities every year, which has prompted global leaders to consider new approaches based on sustainable consumption. The main purpose of this research is to propose a new energy index that accounts for the complexity and interdependences between the research variables. The methodology is based on Principal Component Analysis (PCA) and combines the key components determined into a score that allows for both temporal and cross-country comparisons. All data analyses were performed using IBM SPSS Statistics 25™. The main findings show that most countries improved their economic performance since 2014, but the speed of the improvement varies a lot from one country to another. The final score determined reflects the complex changes taking place in each country and the efficiency of the governmental measures for sustainable economic growth based on low energy consumption and low environmental pollution.

The Nexus between Financial Development, Economic Growth and Energy Consumption in India: A VECM Technique

2020 ◽  
pp. 602-612
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Consumer Price Index ◽  
Development Economic ◽  
Energy Prices ◽  
Vector Error Correction ◽  
Percent Increase ◽  
Growth Energy ◽  
The Impact

The demand for energy consumption requires efficient financial development in terms of bank credit. Therefore, this study examines the nexus between Financial Development, Economic Growth, Energy Prices and Energy Consumption in India, utilizing Vector Error Correction Model (VECM) technique to determine the nature of short and long term relationships from 2010 to 2019. The estimation of results indicates that a one percent increase in bank credits to private sector results in 0.10 percent increase in energy consumption and 0.28 percent increase in energy consumption responses to 1 percent increase in economic growth. It is also observed that the impact of energy price proxied by consumer price index is statistically significant with a negative sign indicating the consistency with the theory.

scholarly journals Relationship Among Economic Growth, Energy Consumption, CO2 Emission, and Urbanization: Evidence From MINT Countries

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402091464 ◽  
Author(s):  
Jamiu Adetola Odugbesan ◽  
Husam Rjoub
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Potential Growth ◽  
Urbanization Level ◽  
Development Indicators ◽  
Long Run ◽  
Bidirectional Relationship ◽  
Sustainable Urbanization ◽  
Growth Energy ◽  
Yearly Data

This study aimed at examining the synergy among economic growth, carbon dioxide (CO2) emissions, urbanization, and energy consumption in MINT (Mexico, Indonesia, Nigeria, and Turkey) countries. Yearly data from 1993 to 2017, which were sourced from World Bank Development Indicators, were employed, and the analysis was performed by employing the ARDL Bounds test approach. The findings from the study reveal that the energy–growth hypothesis that assumed unidirectional causality from energy consumption was true for Nigeria and Indonesia, whereas Mexico and Turkey followed the feedback hypothesis, which indicates a bidirectional relationship. Meanwhile, all the MINT countries show a long-run relationship from economic growth, energy consumption, and CO2 emissions to urbanization. The study suggests that the policymakers in MINT countries should develop an energy conservation policy that will enhance the potential growth of their economy. More so, there is a need to promote green industries. Finally, to ensure sustainable urbanization in MINT countries, concerted efforts need to be made to ensure the reduction in the urbanization level, so as to ensure the sustainability of the urbanization, but without compromising the economic growth, through the formulation of policies that will ensure the decrease in CO2 emissions to achieve quality environment.

The dynamic relationship between CO2 emission, international tourism and energy consumption in Pakistan: a cointegration approach

2019 ◽  
Vol 74 (4) ◽  
pp. 761-779 ◽  
Author(s):  
Yaping Liu ◽  
Tafazal Kumail ◽  
Wajahat Ali ◽  
Farah Sadiq
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Granger Causality ◽  
Environmental Quality ◽  
Energy Use ◽  
Ardl Model ◽  
Content Type ◽  
Dynamic Relationship ◽  
Long Run ◽  
Growth Energy

Purpose The present study aims to investigate the dynamic relationship between international tourist receipts, economic growth, energy use and carbon dioxide (CO2) emissions in Pakistan over the period 1980-2016. Many researchers have investigated the link between tourism and CO2 emissions, but there is no clear picture as the results are contradictory. This study is an attempt to compliment the literature related to tourism and environmental quality. Design/methodology/approach The study adopted the autoregressive distributed lagged (ARDL) model to investigate the short- and long-run estimates simultaneously. The study further applied Granger causality to find out the direction of causalities. To arrive at long-run robust estimates, the study used dynamic ordinary least squares (DOLS) model. Findings The results found that tourist receipts have no significant impact on environmental quality, while growth and energy consumption are the main determinants of CO2 emissions in Pakistan. The Granger causality test confirmed unidirectional causalities from GDP and energy consumption toward CO2 emissions, while tourist receipts do not affect environmental quality. DOLS technique confirmed the long-run estimates of ARDL model. Research limitations/implications The result of the study complements the literature by adding new evidence regarding the nexus of tourism and environment. Findings of the study are important for policymakers and regulatory bodies to place their focus on the development of tourism sector (services sector) rather than energy-intensive manufacturing activities to sustain the growth of the country in higher quartiles, as tourism receipts have no significant negative externalities toward environment, while energy use is one of the key determinants of environmental degradation. Originality/value This study used time series data over the period 1980-2016 for Pakistan to inspect the dynamic relationship between tourist receipts, economic growth, energy consumption and CO2 emissions.

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