ANALYSIS OF DECOUPLING ECONOMIC GROWTH FROM MATERIAL AND ENERGY USE FOR SEVERAL EU COUNTRIES

Author(s):  
Ania Bluszcz
Author(s):  
Salih Kalayci

This chapter concentrates on the linkage among transportation, energy usage, GDP, and Co2 emissions in EU countries during the period 1970-2014 by analysing the EKC hypothesis. The data is derived from the World Bank's official website to point out environmental consciousness of EU countries by implementing panel data analysis. In this sense, the findings indicate that environmental consciousness is quite low for EU countries from 1970 to 1997. Besides, the environmental issues of EU countries are taken into account from 1997 to 2014. The findings of research demonstrate that their sensitiveness has risen significantly, which is consistent with the inverse-U shape of the EKC hypothesis from 1997 to 2014. Thus, these empirical results support the Kyoto protocol's political aims and goals. Furthermore, Johansen co-integration test is implemented to reveal the long-term linkage among economic growth, air transportation, carbon emissions, and energy usage.


Author(s):  
Salih Kalayci

This chapter concentrates on the linkage among transportation, energy usage, GDP, and Co2 emissions in EU countries during the period 1970-2014 by analysing the EKC hypothesis. The data is derived from the World Bank's official website to point out environmental consciousness of EU countries by implementing panel data analysis. In this sense, the findings indicate that environmental consciousness is quite low for EU countries from 1970 to 1997. Besides, the environmental issues of EU countries are taken into account from 1997 to 2014. The findings of research demonstrate that their sensitiveness has risen significantly, which is consistent with the inverse-U shape of the EKC hypothesis from 1997 to 2014. Thus, these empirical results support the Kyoto protocol's political aims and goals. Furthermore, Johansen co-integration test is implemented to reveal the long-term linkage among economic growth, air transportation, carbon emissions, and energy usage.


2017 ◽  
Vol 5 (2) ◽  
pp. 16
Author(s):  
Ahmad Ghazali Ismail ◽  
Arlinah Abd Rashid ◽  
Azlina Hanif

The relationship and causality direction between electricity consumption and economic growth is an important issue in the fields of energy economics and policies towards energy use. Extensive literatures has discussed the issue, but the array of findings provides anything but consensus on either the existence of relations or direction of causality between the variables. This study extends research in this area by studying the long-run and causal relations between economic growth, electricity consumption, labour and capital based on the neo-classical one sector aggregate production technology mode using data of electricity consumption and real GDP for ASEAN from the year 1983 to 2012. The analysis is conducted using advanced panel estimation approaches and found no causality in the short run while in the long-run, the results indicate that there are bidirectional relationship among variables. This study provides supplementary evidences of relationship between electricity consumption and economic growth in ASEAN.


Energy ◽  
2011 ◽  
Vol 36 (8) ◽  
pp. 5094-5100 ◽  
Author(s):  
Hsiao-Tien Pao ◽  
Hsiao-Cheng Yu ◽  
Yeou-Herng Yang

2016 ◽  
Vol 27 (3) ◽  
Author(s):  
Gitana Dudzeviciute ◽  
Kestutis Peleckis ◽  
Valentina Peleckiene

2021 ◽  
Author(s):  
Md. Mahmudul Alam ◽  
Wahid Murad

This study investigates the short-term and long-term impacts of economic growth, trade openness and technological progress on renewable energy use in Organization for Economic Co-operation and Development (OECD) countries. Based on a panel data set of 25 OECD countries for 43 years, we used the autoregressive distributed lag (ARDL) approach and the related intermediate estimators, including pooled mean group (PMG), mean group (MG) and dynamic fixed effect (DFE) to achieve the objective. The estimated ARDL model has also been checked for robustness using the two substitute single equation estimators, these being the dynamic ordinary least squares (DOLS) and fully modified ordinary least squares (FMOLS). Empirical results reveal that economic growth, trade openness and technological progress significantly influence renewable energy use over the long-term in OECD countries. While the long-term nature of dynamics of the variables is found to be similar across 25 OECD countries, their short-term dynamics are found to be mixed in nature. This is attributed to varying levels of trade openness and technological progress in OECD countries. Since this is a pioneer study that investigates the issue, the findings are completely new and they make a significant contribution to renewable energy literature as well as relevant policy development.


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