The role of economic growth and energy consumption on CO2 emissions in E7 countries
The purpose of this study is to analyze the relationship between carbon emissions, financial development, total energy consumption and economic growth by using panel data analysis in E7 countries (Brazil, China, Indonesia, India, Mexico, Russia and Turkey) for 1990-2014 period. The result of the pan...
Main Authors: | , |
---|---|
Format: | Article |
Language: | English |
Published: |
General Association of Economists from Romania
2018-06-01
|
Series: | Theoretical and Applied Economics |
Subjects: | |
Online Access: |
http://store.ectap.ro/articole/1341.pdf
|
Summary: | The purpose of this study is to analyze the relationship between carbon emissions,
financial development, total energy consumption and economic growth by using panel data analysis
in E7 countries (Brazil, China, Indonesia, India, Mexico, Russia and Turkey) for 1990-2014 period.
The result of the panel analysis suggests that there is no long-term relationship between carbon
emissions and financial development. A 1% increase in total energy consumption increases carbon
emissions by 1.840%. A 1% increase in economic growth leads to an increase of 0.243% in carbon
emissions over the long-term. To this end, it would be beneficial for policy makers to consider
alternative growth models, along with alternative energy sources, to prevent environmental
pollution. |
---|---|
ISSN: | 1841-8678 1844-0029 |