The role of CO2 emissions and economic growth in energy consumption: empirical evidence from Belt and Road and OECD countries

Kongkuah, Maxwell; Yao, Hongxing; Fongjong, Brice Berinyuy; Agyemang, Andrew Osei

doi:10.1007/s11356-020-11982-8

Cited by 40 publications

(10 citation statements)

References 90 publications

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“…As a result, the PCSE model is used in this research. Several researchers have recently used the PCSE method (Bailey and Katz 2011 ; Nathaniel et al 2021 ; Kumar et al 2021a ; Kumar et al 2021 ; Kongkuah et al 2021 ). For the purpose of robustness, we have applied the Newey-West standard error model.…”

Section: Data Sources and Methodsmentioning

confidence: 99%

Do energy consumption and environmental quality enhance subjective wellbeing in G20 countries?

Kumari

Kumar

Sahu

2021

Environ Sci Pollut Res

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G20 countries are responsible for more than 80% of global energy consumption and the largest CO 2 emissions in the world. Literature related to the energy consumption-environmental quality-subjective wellbeing nexus is limited and lacks consensus. This paper analyses the impact of energy consumption and environmental quality on subjective wellbeing in G20 countries from 2006 to 2019 using a panel-corrected standard error (PCSE) model. Cantril life ladder data is used as a proxy of subjective wellbeing. For robustness, the Newey-West standard error model is used. The findings reveal that renewable energy consumption and environmental quality, i.e. lesser carbon emissions, enhance subjective wellbeing in G20 countries. In contrast, non-renewable energy consumption degrades subjective wellbeing. Moreover, the study also finds bidirectional causality between renewable energy consumption, non-renewable energy consumption, and economic growth. The policymakers of these countries should encourage renewable energy production and its consumption to reduce carbon emissions for conserving the environment and enhancing their people’s subjective wellbeing.

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Section: Data Sources and Methodsmentioning

confidence: 99%

Do energy consumption and environmental quality enhance subjective wellbeing in G20 countries?

Kumari

Kumar

Sahu

2021

Environ Sci Pollut Res

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“…The results show that actual GDP has a significant positive impact on CO 2 emissions. Kongkuah et al ( 2021a ) used Paris-Winsten regression to estimate a panel-corrected standard error model and studied the relationship between energy consumption, carbon dioxide emissions, and economic growth in the OECD and “Belt and Road” initiative countries. The study found that the Organization for Economic Cooperation while the economic growth rate is higher than that of the “Belt and Road” countries, CO 2 emissions is also higher.…”

Section: Co 2 Emissions and Economic Growthmentioning

confidence: 99%

The relationship between health expenditure, CO2 emissions, and economic growth in the BRICS countries—based on the Fourier ARDL model

Chang

Wang

et al. 2022

Environ Sci Pollut Res

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In this paper, we use (Yilanci et al. 2020 ) Fourier autoregressive distributed lag (ARDL) model to study the correlation between health expenditures, CO 2 emissions, and GDP fluctuations in BRICS countries from 2000 to 2019. The Fourier ARDL model has the function of bootstrap repeated simulation calculations, so that small samples can also achieve the advantages of finer inspection results. In this paper, we find that in the long term, Brazil and China are countries that both have cointegration relationships in health expenditure, CO 2 emissions, and economic growth. With CO 2 emissions as the dependent variable and health expenditure and economic growth as independent variables, in the short term, there is a negative causal relationship between India’s CO 2 emissions and health expenditure; other countries only show the relationship between CO 2 emissions, health expenditure, or economic growth one-way relationship. This paper also has some policy suggestions on health expenditures and CO 2 emissions in the BRICS countries at the end.

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“…Correspondingly, these studies did not to compare the energy consumption rate of the transport sector in relation to the other sectors of the economy. Likewise [13,22] revealed in their study that both CO2 emissions and economic growth positively and significantly affect energy consumption in all the eight panels, including the Belt and Road Initiative panel and the Organization for Economic Co-operation and Development panel. co integration analysis of kaya factors namely CO2, total primary energy consumption, population and GDP was investigated in Ghana using vector error correction model with data spanning from 1980-2012.…”

Section: Literature Reviewmentioning

confidence: 94%

Drivers of Carbon Dioxide (CO2) Emissions in Ghana: A Comparative Analysis on Consumption of Energy by the Industry, Agriculture, Residential and the Transport Sector (2000-2018)

2021

JETP

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The role of CO2 emissions and economic growth in energy consumption: empirical evidence from Belt and Road and OECD countries

Cited by 40 publications

References 90 publications

Do energy consumption and environmental quality enhance subjective wellbeing in G20 countries?

Do energy consumption and environmental quality enhance subjective wellbeing in G20 countries?

The relationship between health expenditure, CO2 emissions, and economic growth in the BRICS countries—based on the Fourier ARDL model

Drivers of Carbon Dioxide (CO2) Emissions in Ghana: A Comparative Analysis on Consumption of Energy by the Industry, Agriculture, Residential and the Transport Sector (2000-2018)

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