Relationship among Economic Growth, Energy Consumption, CO2 Emission, and Urbanization: An Econometric Perspective Analysis

Myszczyszyn, Janusz; Suproń, Błażej

doi:10.3390/en15249647

Cited by 9 publications

(3 citation statements)

References 55 publications

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“…Economic growth drives energy consumption and urbanization levels, while urbanization, in turn, influences energy consumption and contributes to short-term economic growth. Hence, it is imperative to formulate appropriate urban development policies and sustainable energy consumption strategies for long-term socio-economic stability [20].…”

Section: Global Trends Influencing V4 Countriesmentioning

confidence: 99%

Similarities of the V4 Countries Characterised by the Business Environment Quality and Megatrends

Dolná,

Barkóciová,

Kuhnová

2024

TEM Journal

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Every economy possesses its unique characteristics and forces forming and affecting that particular business environment. Despite the differences in conditions, quality and interventions in the business environment, there are similarities within the specified deviations. Based on these similarities, it is possible to determine the common lines of countries within which their business environments and trends develop over time. The paper focuses on finding that lines through the division of the countries of the V4 into clusters according to indicators of the business environment quality and selected megatrends over time. Using cluster analysis performed in SPSS Statistics 26 for the chosen period from 2011 to 2022, countries are divided into clusters based on indicators of economic environment and megatrends. For the purpose of this study the index of economic freedom, change in economic power, lack of resources, technological breakthrough, social changes, and rapid urbanization. Based on the results of the cluster analysis, the degree of similarity of the economies represented by the quality of the business environment and selected global trends is identified during the monitored period, and vice versa the degree of differences within selected subjects is identified.

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Section: Global Trends Influencing V4 Countriesmentioning

confidence: 99%

Similarities of the V4 Countries Characterised by the Business Environment Quality and Megatrends

Dolná,

Barkóciová,

Kuhnová

2024

TEM Journal

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“…There is a list of other drivers, which together with renewable energy, determine the CO 2 emissions and productivity of economic systems regarding pollution. Thus, it is expected that the energy consumption of households would, in general, increase CO 2 emissions [8,9], since the critical point for renewable energy generation has not been reached. The influence of GDP per capita on CO 2 emissions is different for different countries, and it is expected that for low and middle-income countries, economic growth contributes to the growth of CO 2 emissions [10,11], while for high-income economies, economic growth should improve the environmental situation [12].…”

Section: Bibliographical Analysis and Theoretical Backgroundmentioning

confidence: 99%

Economic and Technological Efficiency of Renewable Energy Technologies Implementation

et al. 2023

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Recent trends prove that energy production is shifting from traditional fossil fuel combustion technologies to renewable energy-based technologies. To estimate the economic efficiency of renewable energy technology implementation, the data for the EU-27 member states during the 2012–2021 period were collected; additionally, technological efficiency was analyzed based on a critical literature review. Breusch and Pagan Lagrangian multiplier tests were employed to select the most suitable econometric model. The results suggest that an increase in the share of renewable energy sources by one percentage point (1) decreased CO2 emissions by 0.137 metric tons per capita (technological efficiency) and (2) decreased greenhouse gases by 13 g per EUR, in terms of GDP (economic efficiency). Regarding the Kyoto Protocol implementation, it was found for EU-27 that an increase in the share of renewable energy sources by one percentage point was related to a decrease of one percentage point in the greenhouse gases index. GDP per capita appeared to be an insignificant driver for reductions in per capita CO2 emissions, while it proved to be important for economic efficiency models. Thus, increasing GDP per capita by 1000 USD reduces greenhouse gases by 7.1 g per EUR of GDP in EU-27. This paper also confirmed that a unit of electricity (1 kWh) generated by traditional energy plants is seven to nineteen times more environmentally costly than renewable energy generation. This paper thus concludes that digital transformations and additive manufacturing brought about the significant dematerialization of industrial production and the promotion of renewable energy on industrial and household levels.

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“…The phenomenon of urbanization was shown to influence the growth of energy consumption in the countries studied. These results suggest that the V4 countries should increase the use of renewable and ecological energy sources (Myszczyszyn and Supron, 2022). Hsiao (2022) examined greenhouse gas emission quotas.…”

Section: Literatur Reviewmentioning

confidence: 99%

Correlation of Greenhouse Gas Emissions with Economic Growth in the European Union (2010-2019)

Török

2023

IJEEP

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A prominent research area in energy economics is the study of the correlation between economic growth and CO2 emissions. Using the combined application of correlation calculation and cluster analysis based on empirical data, the study typifies and arranges the EU member states into homogeneous groups based on the pattern of the two variables moving together based on data from the period 2010-2019. This methodology allows a test of the "decoupling" theory that can be used to describe the interaction between environmental pressures and economic development. The results can be used to infer the status of clustered Member States in the decoupling process. The results are ambivalent across member countries. For several EU Member States, different degrees of decoupling can be observed, i.e. GDP growth has been accompanied by a reduction of the ecological footprint in those countries. However, there are also member countries where the decoupling did not work, because the reduction of CO2 emissions was accompanied by a decrease in GDP.

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Relationship among Economic Growth, Energy Consumption, CO2 Emission, and Urbanization: An Econometric Perspective Analysis

Cited by 9 publications

References 55 publications

Similarities of the V4 Countries Characterised by the Business Environment Quality and Megatrends

Similarities of the V4 Countries Characterised by the Business Environment Quality and Megatrends

Economic and Technological Efficiency of Renewable Energy Technologies Implementation

Correlation of Greenhouse Gas Emissions with Economic Growth in the European Union (2010-2019)

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