Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries
This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consum...
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doaj-b2f65e4eac354577878db6bfc122b1492020-11-24T21:47:06ZengMDPI AGInternational Journal of Environmental Research and Public Health1660-46012017-11-011411143610.3390/ijerph14111436ijerph14111436Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian CountriesWen-Cheng Lu0Department of Economics and Finance, Ming Chuan University, 5 De Ming Rd., Gui Shan District, Taipeh 333, TaiwanThis research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal.https://www.mdpi.com/1660-4601/14/11/1436greenhouse gas emissionsenergy consumptioneconomic growthGranger causality |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Wen-Cheng Lu |
spellingShingle |
Wen-Cheng Lu Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries International Journal of Environmental Research and Public Health greenhouse gas emissions energy consumption economic growth Granger causality |
author_facet |
Wen-Cheng Lu |
author_sort |
Wen-Cheng Lu |
title |
Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries |
title_short |
Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries |
title_full |
Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries |
title_fullStr |
Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries |
title_full_unstemmed |
Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries |
title_sort |
greenhouse gas emissions, energy consumption and economic growth: a panel cointegration analysis for 16 asian countries |
publisher |
MDPI AG |
series |
International Journal of Environmental Research and Public Health |
issn |
1660-4601 |
publishDate |
2017-11-01 |
description |
This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal. |
topic |
greenhouse gas emissions energy consumption economic growth Granger causality |
url |
https://www.mdpi.com/1660-4601/14/11/1436 |
work_keys_str_mv |
AT wenchenglu greenhousegasemissionsenergyconsumptionandeconomicgrowthapanelcointegrationanalysisfor16asiancountries |
_version_ |
1725899285516517376 |