Effects of Energy Consumption of Top 24 Polluted Countries on their GDP: New Evidence Based on Natural Resources and Production of Electricity

Abstract

Results of rapid economic growth, China, USA, and India have become the largest energy stealer and the greatest emitter of CO2 in the world and burn over 45% of global fuels in 2016. Meanwhile, the developing strategies of 24 polluted countries to decrease the energy consumption without additional economic output. This paper is exploring the effect of world top polluted countries C02 emission and their GDP and the production of electricity by energy indicators. The GLM model is not predict logistic and probit analysis directly; instead, it is mainly used for instinct to response of CO2 emission, using data for the period 1968-2017. The huge production of electricity will cause of abnormal CO2; this study offers true indication of exploring consumption of energy issues from the perspective of Granger casual and a positive unidirectional causality is detected between energy consumption to economic growth, while short-run bidirectional casualty exists among energy indicators.