Differences on the Relationship between Energy Consumption and Economic Growth in Developed Countries and Newly Industrialized Countries

2012 ◽  
Vol 524-527 ◽  
pp. 2415-2419 ◽  
Author(s):  
Jie Zhang ◽  
Yu Tian Qin ◽  
Zhi Yuan Zhang
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Saving ◽  
Causal Relationship ◽  
Emission Reduction ◽  
Developed Countries ◽  
Oecd Countries ◽  
Industrialized Countries ◽  
Phase Step ◽  
Newly Industrialized Countries

Based on the statistics of the energy consumption and economic growth of the OECD countries and BRICs from the year 1986 to the year 2009, this paper applied Panel Data Econometrics Method to process and analyze those statistics and found that(1) in the long term, the energy consumption and economic growth of OECD countries and BRICs don’t maintain a long-standing equilibrium relationship.(2) in the short term, OECD countries have a one-direction causal relationship from their economic growth to energy consumption while the BRICs have just the opposite, a one-direction of causal relationship from energy consumption to economic growth. The research founding indicates that developed countries represented by OECD should strictly implement policies concerning energy saving and emission reduction and shoulder duties of providing fund and technological aid;the emerging industrialized countries represented by the BRICs should implement policies concerning energy saving and emission reduction phase by phase,step by step and also assume the reasonable task of saving energy and reducing carbon dioxid

Regional Economic Growth and Carbon Emissions - A Case Study of Anhui Province

2013 ◽  
Vol 869-870 ◽  
pp. 1056-1062
Author(s):  
Xue Qin Wang ◽  
Cheng Xin Wang ◽  
Yun Wei Du ◽  
Jia Lu Shi
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Energy Saving ◽  
Carbon Emissions ◽  
Emission Reduction ◽  
Reduction Process ◽  
Anhui Province ◽  
Energy Structure ◽  
Analysis Model ◽  
Promotion Policy

This essay tends to probe into the decoupling relationship between economic growth and carbon emissions through structuring the decoupling analysis model. The results show that: In recent years, the decoupling relationship between economic growth and carbon emissions in Anhui province has improved. Through the research about some intermediate variables, we find that the change trend of energy consumption elastic elasticity of carbon emissions and the one of GDP elastic elasticity of carbon emissions are basically the same. Meanwhile, Anhui province is relatively backward in the energy-saving and emission reduction process, carbon emissions growth and energy consumption growth did not achieve effective decoupling, which reflects that this province still has some defects in the adjustment of energy structure, energy saving and emission reduction technology promotion policy etc.

Carbon emissions, economic growth and trade: Empirical evidence from trading nations

2021 ◽  
Vol 20 (1) ◽  
pp. 61-78 ◽  
Author(s):  
Areej Aftab Siddiqui ◽  
Silky Vigg Kushwah
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Carbon Emissions ◽  
Empirical Relationship ◽  
Clean Energy ◽  
Developed Countries ◽  
Incentive Structure ◽  
Newly Industrialized Countries ◽  
Country Level ◽  
Long Run

The article aims to develop an integrated relationship between carbon emissions, energy consumption, economic growth and trade for the top ten trading countries in the world for a period of nineteen years, 2000–2018. The results of panel data indicate a significant relationship between carbon emissions, energy consumption, economic growth and trade both in the short and long run. It is seen that a bidirectional causality between carbon emissions, trade and growth is present. Empirical results of the analysis in this article indicate that an increase in carbon emissions leads to an increase in the economic growth rate. The article also finds a positive relationship between carbon emissions and energy consumption. The findings also show that the emerging and newly industrialized countries place more emphasis on enhancing their trade positions, while developed countries tend to focus more on the overall economic growth than on trade. A major limitation of the study is that the data for energy consumption and carbon emissions is for the economy as a whole and not only for manufacturing. An incentive structure for reducing carbon emissions for the selected countries can be adopted along with the focus on adopting clean energy. The article’s findings add to the existing literature as comparatively few studies have been conducted with trade as an indicator and at the cross-country level for determining the empirical relationship between energy consumption, carbon emissions, growth and trade.

scholarly journals The dynamics of CO2 emissions, energy consumption and economic development: Evidence from the top 28 greenhouse gas emitters

2021 ◽  
Author(s):  
Lei Jin ◽  
Yuan-hua Chang ◽  
Meng Wang ◽  
Xin-zhu Zheng ◽  
Jian-xun Yang ◽  
...  
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Carbon Emissions ◽  
Carbon Emission ◽  
Developed Countries ◽  
Renewable Energy Consumption ◽  
The Relationship

Abstract Previous studies have done more research on the relationship between carbon emission reduction, energy consumption and economic growth in specific countries or regions, which rarely consider the issue of heterogeneity between countries or regions, and also lack the refinement of energy consumption categories. Using panel data from 2000 to 2017,this paper divided the top 28 global carbon emission countries into developed countries and developing countries, and explores cointegration and causality between renewable energy consumption,non-renewable energy consumption, economic growth and carbon emission. Results suggested that there is a two-way causal relationship between carbon emissions and economic growth in all economies. There is a two-way causal relationshipbetween economic growth in developed countries and consumption of renewable and non-renewable energy, while there is no significant relationship between economic growth and energy consumption in developing countries. There is a two-way causal relationship between carbon emissions and renewable energyin all economies, but there are significant differences; there is a two-way causal relationship between carbon emissions in developed countries and non-renewable energy, and only one-way causality exists in developing countries.

scholarly journals A Review on Energy and Renewable Energy Policies in Iran

2021 ◽  
Vol 13 (13) ◽  
pp. 7328
Author(s):  
Saeed Solaymani
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Causal Relationship ◽  
Energy Security ◽  
Fossil Fuels ◽  
Agricultural Products ◽  
Energy Resources ◽  
Causality Analysis ◽  
Renewable Energy Consumption

Iran, endowed with abundant renewable and non-renewable energy resources, particularly non-renewable resources, faces challenges such as air pollution, climate change and energy security. As a leading exporter and consumer of fossil fuels, it is also attempting to use renewable energy as part of its energy mix toward energy security and sustainability. Due to its favorable geographic characteristics, Iran has diverse and accessible renewable sources, which provide appropriate substitutes to reduce dependence on fossil fuels. Therefore, this study aims to examine trends in energy demand, policies and development of renewable energies and the causal relationship between renewable and non-renewable energies and economic growth using two methodologies. This study first reviews the current state of energy and energy policies and then employs Granger causality analysis to test the relationships between the variables considered. Results showed that renewable energy technologies currently do not have a significant and adequate role in the energy supply of Iran. To encourage the use of renewable energy, especially in electricity production, fuel diversification policies and development program goals were introduced in the late 2000s and early 2010s. Diversifying energy resources is a key pillar of Iran’s new plan. In addition to solar and hydropower, biomass from the municipal waste from large cities and other agricultural products, including fruits, can be used to generate energy and renewable sources. While present policies indicate the incorporation of sustainable energy sources, further efforts are needed to offset the use of fossil fuels. Moreover, the study predicts that with the production capacity of agricultural products in 2018, approximately 4.8 billion liters of bioethanol can be obtained from crop residues and about 526 thousand tons of biodiesel from oilseeds annually. Granger’s causality analysis also shows that there is a unidirectional causal relationship between economic growth to renewable and non-renewable energy use. Labor force and gross fixed capital formation cause renewable energy consumption, and nonrenewable energy consumption causes renewable energy consumption.

scholarly journals Threshold Effect of Economic Growth on Energy Intensity—Evidence from 21 Developed Countries

Energies ◽  
2021 ◽  
Vol 14 (14) ◽  
pp. 4199
Author(s):  
Jinjin Zhou ◽  
Zenglin Ma ◽  
Taoyuan Wei ◽  
Chang Li
Keyword(s):  
Economic Growth ◽  
Renewable Energy ◽  
Energy Consumption ◽  
Urban Population ◽  
Energy Intensity ◽  
Developed Countries ◽  
Renewable Energy Consumption ◽  
Tertiary Industry ◽  
D Investment ◽  
Threshold Point

Based on threshold regression models, this paper analyzes the effect of economic growth on energy intensity by using panel data from 21 developed countries from 1996 to 2015. Results show that a 1% increase in GDP per capita can lead to a 0.62–0.78% reduction in energy intensity, implying economic growth can significantly reduce energy intensity. The extent of the reduction in energy intensity varies depending on the economic development stages represented by key influencing factors including energy mix in consumption, urbanization, industrial structure, and technological progress. Specifically, the reduction in energy intensity due to economic growth can be enhanced with relatively more renewable energy consumption and more urban population until a threshold point, where the enhancement disappears. On the other hand, the extent of the energy intensity reduction due to economic growth can be weakened with relatively more tertiary industry activities and more research and development (R&D) investment in an economy until a threshold point, where the weakening cannot continue. However, compared to the early stages represented by the low ends of renewable energy consumption, urban population, tertiary industry activities, and R&D investment, the later stages represented by the high ends of these key factors after a threshold show the weakened effect of economic growth on the decline of energy intensity. Hence, when an economy is well-developed, policy makers are advised to put fewer expectations on the role of economic growth to reduce energy intensity, while pursuing relatively cleaner energy, greater urbanization, more tertiary industry activities, and advanced technologies.

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