Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

Abstract

This paper detects the direction of causality among carbon dioxide (CO 2 ) emissions, energy consumption, and economic growth in Next 11 countries for the period 1972-2013. Changes in economic, energy, and environmental policies as well as regulatory and technological advancement over time, cause changes in the relationship among the variables. We use a novel approach i.e. time-varying Granger causality and find that economic growth is the cause of CO 2 emissions in Bangladesh and Egypt. Economic growth causes energy consumption in the Philippines, Turkey, and Vietnam but the feedback effect exists between energy consumption and economic growth in South Korea. In the cases of Indonesia and Turkey, we find the unidirectional time-varying Granger causality running from economic growth to CO 2 emissions thus validates the existence of the Environmental Kuznets Curve hypothesis, which indicates that economic growth is achievable at the minimal cost of environment. The paper gives new insights for policy makers to attain sustainable economic growth while maintaining long-run environmental quality.

Impact of corruption in public sector on environmental quality: Implications for sustainability in BRICS and next 11 countries

“…The evidence of strong pollution abatement policies has already been identified by Shahbaz et al (2016) and , and on the other hand, the pollution abatement policies of BRICS countries have been criticized by Chakravarty and Mandal (2016) and Sinha and Sen (2016). Our results support these evidences, along with the new finding regarding the presence of inverted Nshaped EKC in both of these groups of countries.…”

Panel heterogeneous distribution analysis of trade and modernized agriculture on CO2 emissions: The role of renewable and fossil fuel energy consumption

“…The outcome indicates that a 1% increase in agricultural value added decreases carbon dioxide emissions by 0.38%; a 1% increase in energy consumption increases carbon dioxide emissions by 0.96% and a 1% increase in trade openness increases carbon dioxide emissions by 0.44%. The empirical results are consistent with Shahbaz et al (2016Shahbaz et al ( , 2018. To compare our results with previous studies that utilized FMOLS technique, Liu et al (2017) indicated that a 1% increase in agricultural value added decreases per capita carbon emissions by 0.53%, whereas a 1% increase in per capita non-renewable energy increases per capita carbon dioxide emissions by 0.52% among four ASEAN countries.…”

“…The empirical results are consistent with Shahbaz et al . (, ). To compare our results with previous studies that utilized FMOLS technique, Liu et al .…”

Exploring the relationship between energy usage segregation and environmental degradation in N-11 countries

“…A recent study that has conducted by Shahbaz et al (2016b) to estimate the EKC for CO 2 emissions in N-11 countries by considering CO 2 emissions, energy consumption, and economic growth within the EKC framework. They find the evidence of an inverted U-shaped EKC for all N-11 countries.…”