Carbon emissions, energy consumption and economic growth: An aggregate and disaggregate analysis of the Indian economy

Ahmad, Anjum; Zhao, Yuhuan; Shahbaz, Muhammad; Bano, Sadia; Zhang, Zhonghua; Wang, Song; Ya, Liu

doi:10.1016/j.enpol.2016.05.032

Cited by 381 publications

(189 citation statements)

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“…Our results contradict the findings of an earlier study by Ghosh [34] in terms of acknowledging the possibility of long run income elasticity of CO2 emissions, which was covertly mentioned by Ahmad et al [35]. However, limitations of both these studies were that these studies did not consider the influence of renewable energy aspects within their energygrowth-emission framework.…”

Section: Analysis Of Resultscontrasting

confidence: 57%

“…This signifies the negative environmental consequences of economic growth and energy consumption will surpass the environmental benefits of renewable energy generation. Therefore, in order to obtain the benefits of renewable energy generation, a threshold level of income must be achieved, which was indicated by Ghosh [34] and Ahmad et al [35]. When this segment of result is coupled with the elasticity of income, then the arguments are further validated.…”

Section: Analysis Of Resultsmentioning

confidence: 99%

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Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India

2018

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The existing literature on environmental Kuznets curve (EKC) is mainly focused on finding out the optimal sustainable path for any economy. Looking at the present renewable energy generation scenario in India, this study has made an attempt to estimate the EKC for CO2 emission in India for the period of 1971-2015. Using unit root test with multiple structural breaks and autoregressive distributed lag (ARDL) approach to cointegration, this study has found the evidence of inverted U-shaped EKC for India, with the turnaround point at USD 2937.77. The renewable energy has found to have significant negative impact on CO2 emissions, whereas for overall energy consumption, the long run elasticity is found to be higher than short run elasticity.Moreover, trade is negatively linked with carbon emissions. Based on the results, this study concludes with suitable policy prescriptions.

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Section: Analysis Of Resultscontrasting

confidence: 57%

Section: Analysis Of Resultsmentioning

confidence: 99%

Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India

2018

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“…Secondly one-way causality in the longterm from energy consumption to economic growth was found. Ahmad et al (2016) …”

Section: Literature Reviewmentioning

confidence: 99%

Energy Consumption is a Determinant of Economic Growth in BRICS Countries or Not?

Bayat

Taş

Taşar

2017

Asian Economic and Financial Review

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Article History JEL Classification Q43, F43, C23. Energy consumption as a determinant of economic growth is a matter that has been frequently discussed in recent years in the theory of economics. In this study, the relationship between energy consumption and economic growth in BRICS (Brazil, Russia, India, China and South Africa) countries from 1990 to 2013 analyzed by panel data analysis. According to the results of empirical analysis, conservation hypothesis in Russia and feedback hypothesis in Brazil and neutrality hypothesis in other countries are valid. Contribution/ Originality:This study contributes in the existing literature by the countries selected.BRICS countries are a good example in terms of economic growth in our decade. In addition, the energy consumption is another level compared to the rest of the world in those countries. One of the basic questions, the link between energy consumption and the economic growth is responded in the article.

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“…Neutrality hypothesis (Growth >< Energy) - Masih and Masih (1996) (1955-1990 -Asaf-Adjaye (2000) (1973) -Fatai et al (2004) (1960-1999) -Gupta and Sahu (2009) (1960) -Mallick (2009) (1970-2005, for coal) - Ghosh and Kanjilal (2014) (1971) -Yang and Zhao (2014) (1970 - Cheng (1999) (1952) -Ghosh (2002) (1950-1997) -Mallick (2009) (1970-2005, for oil and electricity) - Shahbaz et al (2016Shahbaz et al ( ) (1971Shahbaz et al ( -2012 - Paul and Bhattacharya (2004) (1950-1996 - Abbas and Choudhury (2013) (1972, agricultural sector) - Ahmad et al (2016Ahmad et al ( ) (1971Ahmad et al ( -2014 - Asghar (2008Asghar ( ) (1971Asghar ( -2003 - Alam et al (2011) (1971-2006) (1971 These different results may be explained by the methods used (e.g., autoregressive distributed lag (ARDL) ...…”

Section: Feedback Hypothesis (Growth ↔ Energy)mentioning

confidence: 99%

“…showed a neutral effect between energy consumption and economic growth in India over the 1971-2011 period. Ahmad et al (2016) found a feedback relationship between energy consumption and economic growth in India over the 1971-2014 period. Shahbaz et al (2016) showed that economic growth and energy consumption were complementary, i.e., a feedback effect.…”

Section: Introductionmentioning

confidence: 99%

Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis

et al. 2017

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This paper investigates the asymmetric relationship between energy consumption and economic growth by incorporating financial development, capital and labour into a production function covering the Indian economy from 1960Q 1 -2015Q 4 . The nonlinear autoregressive distributed lag bounds testing approach is applied to examine the asymmetric cointegration between the variables. An asymmetric causality test is also employed to examine the causal association between the considered variables. The results indicate cointegration between the variables in the presence of asymmetries. The asymmetric causality results show that only negative shocks in energy consumption have impacts on economic growth. In the same vein, only negative shocks in financial development have impacts on economic growth. By contrast, symmetrically, capital formation causes economic growth. Finally, over the study period, a neutral effect exists between the labour force and economic growth in India. The implications of these results for growth policies in India are also discussed.Keywords: Financial Development, Energy, Growth, India, Asymmetries JEL classification: O13 Acknowledgements: We would like to thank the editor, Professor Richard Tol (University of Sussex, Brighton, UK), as well as the three anonymous reviewers, for their valuable comments and suggestions that helped us improve our paper significantly. We also thank the participants at the 7 th International Research Meeting in Business and Management (IPAG, Nice, France, 11-12 July 2016). We are also grateful to Jawad Kazmi for his technical assistance. The authors' are responsible for any remaining errors or shortcomings. IntroductionThis study uses quarterly data to investigate the relationship between energy consumption and economic growth in India over the 1960-2015 period. Financial development (measured by domestic credit to the private sector), 1 capital formation and labour force 2 are also included in the Cobb-Douglas production function. This study's main contribution to the existing literature on the energy-growth nexus concerns its examination of the potential asymmetric relationship between the variables. Taking this asymmetry into account is important because a positive or negative variation on one variable does not have the same impact on the other variable. The existence of an asymmetric relationship between two variables can be caused by numerous factors, one of which concerns the complexity of economic systems and the mechanisms that generate the variables under study. This complexity may induce various channels through which one variable affects another. In our case, the relationship between energy consumption and economic growth has been found to be very complex because previous studies have shown four possible impact channels: the growth, conservative, feedback and neutrality hypotheses. 3 On the one hand, the relationship between energy consumption and financial development can also be very complex because numerous impact channels can exist between them...

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Carbon emissions, energy consumption and economic growth: An aggregate and disaggregate analysis of the Indian economy

Cited by 381 publications

References 86 publications

Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India

Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India

Energy Consumption is a Determinant of Economic Growth in BRICS Countries or Not?

Energy consumption, financial development and economic growth in India: New evidence from a nonlinear and asymmetric analysis

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