On the Dynamic Linkages between CO2 Emissions, Energy Consumption and Growth in Greece

Abstract

This paper attempts to analyze the short-and long-run causal dynamic interactions between energy consumption, CO 2 emissions and economic growth in Greece, using time-series techniques. To this end, annual data covering the period 1980-2012 are employed and tests for unit roots, the ARDL-bounds approach of cointegration, and Granger-causality based on error-correction models are applied. The results reveal strong feedback in the long-run between all the examined variables. For the shortrun, there is evidence of two-way causality in all examined pairs with only exception the direction CO2 towards GDP.

A Scenario Analysis for the Decarbonisation Process in Poland’s Road Transport Sector

“…Also note that they exist the short-and long-run causal dynamic interactions between energy consumption, CO2 emissions and economic growth. The example of Greece proved that a continuing degradation of the environment can create negative externalities for the economy by reducing the health of human capital and therefore the long-term productivity (Katrakilidis, Kyritsis, and Patsika, 2014).…”