Granger non-causality tests between (non)renewable energy consumption and output in Italy since 1861: The (ir)relevance of structural breaks

Vaona, Andrea

doi:10.1016/j.enpol.2012.02.023

Cited by 67 publications

(39 citation statements)

References 39 publications

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“…To promote the environmental correction process, it is also necessary to increase the share of renewable sources in the energy mix to correct the negative effects of fossil fuel sources on carbon pollution when a society experiences economic growth that increases energy requirements. According to the role of renewable electricity consumption on CO2 emissions and following Silva et al (2011), Vaona (2012, and Balsalobre-Lorente and Shahbaz (2016), our study validates the negative relationship between renewable electricity consumption and CO2 emissions. This process reduces the positive effect of renewable electricity consumption during environmental quality improvements.…”

Section: Literature Reviewsupporting

confidence: 51%

“…On the other hand, Balsalobre-Lorente and Shahbaz (2016) confirm that renewable energy consumption reduces CO2 emissions. Vaona (2012) examines the energy consumption of non-renewable energy sources, and the results indicate that greater non-renewable energy consumption promotes economic growth but that an increase in output decreases the growth rate of non-renewable energy consumption, possibly be due to greater efficiency in energy use.…”

Section: Literature Reviewmentioning

confidence: 99%

“…One possible regulation would be to increase renewable energy share of total energy consumption (Boluk and Mert, 2015;Balsalobre-Lorente and Shahbaz, 2016). Following Vaona (2012) and Balsalobre-Lorente and Shahbaz, (2016), we assume that greater non-renewable energy use promotes economic growth and increases carbon emissions. On the other hand, increases in renewable energy consumption will allow for sustainable economic growth due to greater efficiency in energy use.…”

Section: Figure-3 N-shaped Ekc Model 2 (Equation 2)mentioning

confidence: 99%

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How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

et al. 2018

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This study explores the relationship between economic growth and CO2 emissions in the so-called European Union 5 (EU-5) countries (Germany, France, Italy, Spain, and the United Kingdom) for the 1985-2016 period. In doing so, we employ a carbon emission function to investigate the environmental Kuznets curve phenomenon, which describes a relationship between economic growth and environmental degradation. The empirical results confirm the existence of an N-shaped relationship between economic growth and CO2 emissions in the EU-5 countries. We incorporate additional variables such as renewable electricity consumption, trade openness, natural resource abundance, and energy innovation to augment the carbon emission function. Renewable electricity consumption, natural resources, and energy innovation improve environmental quality, while trade openness and the interaction between economic growth and renewable electricity consumption exert a positive impact on CO2 emissions. This study is novel in that it presents an interaction between economic growth and renewable electricity consumption. We also confirm the need for renewable energy regulations related to increasing renewable sources and promoting energy innovation to reduce the negative effects of energy and fossil energy resources on environmental degradation.

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Section: Literature Reviewsupporting

confidence: 51%

Section: Literature Reviewmentioning

confidence: 99%

Section: Figure-3 N-shaped Ekc Model 2 (Equation 2)mentioning

confidence: 99%

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How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

et al. 2018

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“…1 Vaona (2012) The downside of using larger samples is that it potentially increases heterogeneity. The data generating process may change over time for long time series and vary across countries in the case of panel data.…”

Section: Introductionmentioning

confidence: 99%

Causality between energy and output in the long-run

Stern

Enflo

2013

Energy Economics

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Abstract:Though there is a very large literature examining whether energy use Granger causes economic output or vice versa this literature is fairly inconclusive. Almost all existing studies use relatively short time series or panels with a relatively small time dimension. Additionally, many recent papers continue to use what seem to be misspecified models. We apply Granger causality and cointegration techniques to a Swedish time series data set on energy and economic growth spanning 150 years to test whether increases in energy use and energy quality have driven economic growth. We show that these techniques are very sensitive to variable definition, choice of additional variables in the model, and sample periods. All of the following appear to make a finding that energy causes growth more likely: using multivariate models, defining variables to better reflect their theoretical definition, using larger samples, and including appropriate structural breaks. However, it is also possible that the relationship between energy and growth has changed over time and that results from recent smaller samples reflect this. Energy prices have a significant causal impact on both energy use and output.

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“…Ozturk (2010) has pointed that the inconsistent results in literature may vary not only due to the different data sets, countries' characteristics, and variables used, but different econometric methodologies employed for a single country may also yield distinct findings such that of Vaona (2012). In line, Apergis and Payne (2010c) highlight the importance of recognizing the heterogeneity in the behavior of petroleum consumption across a country states in the formulation of energy conservation and demand management policies.…”

Section: Literature Reviewmentioning

confidence: 53%

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

Naser

2017

Energ. Ecol. Environ.

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This study uses Johansen cointegration technique to examine both the equilibrium relationship and the causality between oil consumption, nuclear energy consumption, oil price and economic growth. To do so, four industrialized countries including the USA, Canada, Japan, and France are investigated over the period from 1965 to 2010. The cointegration test results suggest that the proposed variables tend to move together in the long run in all countries. In addition, the causal linkage between the variables is scrutinized through the exogeneity test. The results point that energy consumption (i.e., oil or nuclear) has either a predictive power for economic growth, or feedback impact with real GDP growth in all countries. Results suggest that oil consumption is not only a major factor of economic growth in all the investigated countries, it also has a predictive power for real GDP in the USA, Japan, and France. Precisely, increasing oil consumption by 1% increases the economic growth in Canada by 3.1%., where increasing nuclear energy consumption by 1% in Japan and France increases economic growth by 0.108 and 0.262%, respectively. Regarding nuclear energy consumption-growth nexus, results illustrate that nuclear energy consumption has a predictive power for real economic growth in the USA, Canada, and France. On the basis of speed of adjustment, it is concluded that there is bidirectional causality between oil consumption and economic growth in Canada. On the other hand, there is bidirectional causal relationship between nuclear energy consumption and real GDP growth in Japan.

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Granger non-causality tests between (non)renewable energy consumption and output in Italy since 1861: The (ir)relevance of structural breaks

Cited by 67 publications

References 39 publications

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

How economic growth, renewable electricity and natural resources contribute to CO2 emissions?

Causality between energy and output in the long-run

On the cointegration and causality between oil market, nuclear energy consumption, and economic growth: evidence from developed countries

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