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02132nam a2200337Ia 4500 |
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10.1016-j.strueco.2019.05.006 |
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|a 0954349X (ISSN)
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|a The dynamic relationships among CO2 emissions, renewable and non-renewable energy sources, and economic growth in India: Evidence from time-varying Bayesian VAR model
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|b Elsevier B.V.
|c 2019
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|z View Fulltext in Publisher
|u https://doi.org/10.1016/j.strueco.2019.05.006
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|a We apply a three-variable VAR model with probabilistic variability using a time-varying parametric approach to determine the dynamic interactions among GDP growth, energy use by renewable energy sources (RES, wind, solar, or hydro) and non-renewable energy sources (NRES, hydroelectric or coal) and CO2 emission. Further, we characterize and quantify the impact of the nexus on the CO2 emissions, energy sources (RES and NRES) vis-à-vis India's economic growth and fluctuations during 1965Q1-2015Q4. We contribute to the literature by finding that stochastic volatility for RES and NRES appear to be U-shaped besides using TVP-VAR model to the Indian context. This U-shaped pattern seems to be related to economic growth. We also observe the time-varying patterns of the impact transmission mechanisms among energy sources, CO2 emissions, and GDP. In addition, the impulse response of GDP from a positive shock to CO2 varies with the type of energy use in different time horizons. © 2019 Elsevier B.V.
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|a alternative energy
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|a carbon dioxide
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|a carbon emission
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|a CO2 emission
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|a economic growth
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|a Economic growth
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|a energy resource
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|a energy use
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|a environmental economics
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|a India
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|a India
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|a Renewable and non-renewable energy
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|a Stochastic volatility
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|a stochasticity
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|a TVP-VAR model
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|a Islam, F.
|e author
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|a Kang, S.H.
|e author
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|a Kumar Tiwari, A.
|e author
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|t Structural Change and Economic Dynamics
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