Oil Consumption, CO2 Emission, and Economic Growth: Evidence from the Philippines

Lim, Kyoung-Min; Lim, Seul‐Ye; Yoo, Seung‐Hoon

doi:10.3390/su6020967

Cited by 70 publications

(34 citation statements)

References 43 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The Granger-causality results indicate that there is no causal association running from CO2 emissions to GDP growth. This finding is in agreement to previous studies like Farhani (2015) and Lim et al (2014).…”

Section: Granger Causality Testsupporting

confidence: 83%

“…Panel FMOLS and DOLS estimates, found that only CO2 emissions have an impact on renewable energy consumption. Lim et al (2014) investigated the short-and long-run causality issues among oil use, CO2 emissions, and GDP growth in the Philippines by using time series techniques and annual data for the period 1965-2012. The findings were presented as follows: First, there is bi-directional causality linking oil use and economic activities, which recommend that the economy should attempt to overcome the constraints on oil use to achieve growth.…”

Section: Literature Reviewmentioning

confidence: 99%

See 1 more Smart Citation

Renewable Energy and Nonrenewable Energy Consumption, Co2 Emissions and Economic Expansion Nexus: Further Evidence from Kenya

Mose

2017

Energy Economics Letters

View full text Add to dashboard Cite

Article HistoryThis research scrutinizes economic expansion, CO2 emissions and energy utilization relationship in Kenya by using FMOLS estimate. This study considers the causality matters among oil (Non renewable), electricity (Renewable) use, CO2 emissions, and GDP growth in Kenya by employing time series techniques and annual data for the period 1980-2017. The obtained empirical results from this study indicate that CO2 emissions and electricity effect negatively economic expansion while oil consumption affects it positively. The Granger-causality test conclude that there is no causal relationship running from economic expansion to CO2 emissions, which means that economic expansion can continue without escalating CO2 discharge. However, the study finds unidirectional causality running from economic expansion to oil, and electricity energy use, which implies that Kenya should make an effort to triumph over the constraint on oil and electricity utilization to achieve economic expansion.Contribution/ Originality: Despite increased demand and utilization of oil products and electricity in Kenya, the rate of economic growth is still lower than the rate of energy consumption. To date, no study that focuses on the causality relationship between energy use, CO2 emissions, and real GDP with respect to Kenya has been carried out. Thus, the purpose of this study is filling the gap.

show abstract

Section: Granger Causality Testsupporting

confidence: 83%

Section: Literature Reviewmentioning

confidence: 99%

Renewable Energy and Nonrenewable Energy Consumption, Co2 Emissions and Economic Expansion Nexus: Further Evidence from Kenya

Mose

2017

Energy Economics Letters

View full text Add to dashboard Cite

show abstract

“…Literature analyzing the causal relationship between these two variables is extensive. For example; uni-directional causality running from CO 2 emissions to economic growth was found by [59]. Also, by employing the error correction model (ECM), Kasperowicz [60] concluded that economic growth impels the intensive usage of energy-related resources which results in increasing CO 2 emissions.…”

Section: Discussionmentioning

confidence: 99%

Analyzing the Impact of GDP on CO2 Emissions and Forecasting Africa’s Total CO2 Emissions with Non-Assumption Driven Bidirectional Long Short-Term Memory

Ameyaw

Yao

2018

Sustainability

View full text Add to dashboard Cite

The amount of total carbon dioxide (CO2) emissions emitted into the environment threatens both human and global ecosystems. Based on this background, this study first analyzed the relationship between gross domestic product (GDP) and CO2 emissions in five West African countries covering the period of 2007–2014 based on a panel data model. Our causality analysis revealed that there exists a unidirectional causality running from GDP to CO2 emissions. Second, after establishing the nexus between GDP and CO2 emissions, we forecast Africa’s CO2 emissions with the aim of projecting future consumption levels. With the quest to achieve climate change targets, realistic and high accuracy total CO2 emissions projections are key to drawing and implementing realizable environmentally-friendly energy policies. Therefore, we propose a non-assumption driven forecasting technique for long-term total CO2 emissions. We implement our bidirectional long short-term memory (BiLSTM) sequential algorithm formulation for both the testing stage (2006–2014) and forecasting stage (2015–2020) on Africa’s aggregated data as well as the five selected West African countries employed herein. We then propose policy recommendations based on the direction of causality between CO2 emissions and GDP, and our CO2 emissions projections in order to guide policymakers to implement realistic and sustainable policy targets for West Africa and Africa as a whole.

show abstract

“…In recent years, the nexus of emissions‐growth‐energy has attracted the attention of many scholars in different countries and areas. These scholars have investigated the nexus of CO 2 emissions, economic growth, and consumption of various energy types, including Bloch, Rafiq, and Salim (), Govindaraju and Tang (), Pereira and Pereira (), Saboori and Sulaiman (), Shahbaz, Tiwari, and Nasir (), Squalli (), and Tiwari et al () for coal consumption; Alkhathlan and Javid (), Al‐mulali (), Lim, Lim, and Yoo (), Lotfalipour, Falahi, and Ashena (), and Pereira and Pereira () for petroleum consumption; and Alkhathlan and Javid (), Dong, Sun, Li, and Jiang (), Li and Su (), Lotfalipour et al (), Pereira and Pereira (), and Saboori and Sulaiman () for natural gas consumption.…”

Section: Literature Reviewmentioning

confidence: 99%

The environmental consequences of fossil fuels in China: National and regional perspectives

Zhong

Dong

2019

Sustainable Development

View full text Add to dashboard Cite

Control of the increasing fossil fuel‐based carbon dioxide (CO2) emissions and the associated environmental consequences are important for sustainable development in China. Nevertheless, very few studies have investigated the environmental consequences of China's fossil fuels at both the national and regional levels. For this purpose, this study explores the dynamic relationships among CO2 emissions, economic growth, and consumption of various fossil fuels (i.e., coal, petroleum, and natural gas) in China, using the panel dataset of 30 provinces for the period 1997–2015. Considering the significant differences across various regions, the whole sample and different regions in China are analyzed separately. The estimated results, at both the national and regional levels, provide strong evidence in favor of the environmental Kuznets curve hypothesis for CO2 emissions in China. Furthermore, increasing coal and petroleum consumption significantly promotes CO2 emissions. Conversely, natural gas offers a cleaner substitute for other fossil fuels (i.e., coal and petroleum); its substitution effect may be influenced by the share of natural gas in the total energy needs. Finally, the above findings highlight several policy implications for the Chinese government's policymakers to effectively reduce CO2 emissions in China, thereby setting the nation on a sustainable development path.

show abstract

Oil Consumption, CO2 Emission, and Economic Growth: Evidence from the Philippines

Cited by 70 publications

References 43 publications

Renewable Energy and Nonrenewable Energy Consumption, Co2 Emissions and Economic Expansion Nexus: Further Evidence from Kenya

Renewable Energy and Nonrenewable Energy Consumption, Co2 Emissions and Economic Expansion Nexus: Further Evidence from Kenya

Analyzing the Impact of GDP on CO2 Emissions and Forecasting Africa’s Total CO2 Emissions with Non-Assumption Driven Bidirectional Long Short-Term Memory

The environmental consequences of fossil fuels in China: National and regional perspectives

Contact Info

Product

Resources

About