The Greenhouse Gas Emission in the EU: VAR Analysis of the Relevant Variables

Kokotović, Filip; Kurečić, Petar; Cingula, Domagoj

doi:10.18775/ijmsba.1849-5664-5419.2014.29.1004

Cited by 3 publications

(1 citation statement)

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“…On a global level, GDP per capita and energy consumption are statistically significant determinants of carbon dioxide emissions, while urbanization, trade openness, and electricity consumption have a negative effect on emissions. Among those researching the statistical relationship between economic development and CO2 emissions in the region, (Kokotovic, et al, 2015) conducted an analysis using a Vector Autoregressive (VAR) model on multiple variables for several European Union (EU) member countries, including Croatia, Bulgaria, Slovenia, and Greece. They confirmed the existence of a statistically significant relationship between energy consumption and CO2 emissions in the EU countries that became members after 2004, which includes Croatia, Bulgaria, and Slovenia.…”

Section: Literature Reviewmentioning

confidence: 99%

Investigating the Interplay of Economy and Environment in the Western Balkan and Neighboring Countries Using Vecm Approach

Petrushevska,

Trpkova-Nestorovska

2023

Proceedings of the International Conference "Economic and Business Trends Shaping the Future"

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The relationship between economic development and carbon dioxide emissions in the Western Balkans and the neighboring countries has been a subject of significant interest and study. Economic development, which involves increased industrialization, urbanization, trade, household, and energy consumption, is often associated with higher carbon dioxide emissions due to the burning of fossil fuels. Researchers have investigated how various factors such as economic growth, population size, energy mix, and technological advancements influence carbon dioxide emissions in different regions of the world. The purpose of this paper is to investigate the relationship between the carbon dioxide emissions and a set of economic factors which include gross domestic product, trade, household consumption and energy use, using the panel vector error correction model. The analysis includes nine countries from the Western Balkans and the neighboring countries and annual data for the period 2000 – 2019. The research uses panel unit root tests, cointegration testing and estimation of vector error correction model. The model has confirmed that shocks that emerge in gross domestic product, total trade and household consumption increase the carbon dioxide emission in the long-term. The effect from the private (household) consumption is with the highest intensity, compared to other factors. A shock in trade causes a decline in carbon dioxide emissions in the long-term.

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Section: Literature Reviewmentioning

confidence: 99%

Investigating the Interplay of Economy and Environment in the Western Balkan and Neighboring Countries Using Vecm Approach

Petrushevska,

Trpkova-Nestorovska

2023

Proceedings of the International Conference "Economic and Business Trends Shaping the Future"

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Carbon Tax with Macroeconomic Stimulus: GDP as an Inferior Good

Stodder

Julio

2021

SSRN Journal

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Empowering Sustainable Consumer Behavior in the EU by Consolidating the Roles of Waste Recycling and Energy Productivity

et al. 2020

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The growth in population and economic activities has direct implications on the deterioration of the natural capital, especially when referring to the increase in greenhouse gas emissions. However, improvement is possible by empowering sustainable consumption and production patterns. Through the 2030 Agenda for Sustainable Development, the United Nations call for a mix of economic development, environmental sustainability, and social inclusion. The agenda also provides the instruments needed to track progress, as each Sustainable Development Goal has a set of indicators meant to assess various dimensions of sustainability. Energy productivity is only one of many, but still special because it reflects sustainable consumption behaviors and production patterns. The 2030 Climate Target Plan elaborated by the European Commission consolidates and brings its contribution to the aims of the 2030 Agenda for Sustainable Development by adding weight to the importance of the greenhouse gas emissions target. The objective of this research was to study the relationship between energy productivity, greenhouse gas emissions, biowaste recycling and nominal GDP in the EU in order to highlight the key of a smooth transition towards sustainable consumption behaviors and production patterns. The results show that recycling, greening the economy and energy productivity are the vectors of this transition.

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The Greenhouse Gas Emission in the EU: VAR Analysis of the Relevant Variables

Cited by 3 publications

References 9 publications

Investigating the Interplay of Economy and Environment in the Western Balkan and Neighboring Countries Using Vecm Approach

Investigating the Interplay of Economy and Environment in the Western Balkan and Neighboring Countries Using Vecm Approach

Carbon Tax with Macroeconomic Stimulus: GDP as an Inferior Good

Empowering Sustainable Consumer Behavior in the EU by Consolidating the Roles of Waste Recycling and Energy Productivity

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