The Nexus between Carbon Emissions, Energy Use, Economic Growth and Financial Development: Evidence from Central and Eastern European Countries

Manta, Alina Georgiana; Florea, Nicoleta Mihaela; Bădîrcea, Roxana Maria; Popescu, Jenica; Cîrciumaru, Daniel; Doran, Marius Dalian

doi:10.3390/su12187747

Cited by 54 publications

(27 citation statements)

References 51 publications

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“…Empirical studies also suggest negative significant outcome between financial development and CO2 emissions in Malaysia and Singapore which is consistent in the long-and short-run. The result also conforms with Manta et al (2020) who observed that a country that cares of a clean environment will always strive to spend towards the reduction of CO2 emissions gases. This consistency will eventually lead the country to achieve pollution-free status in the long-run.…”

Section: Discussionsupporting

confidence: 89%

“…Most past studies have adopted the cross-sectional or panel data techniques (Martínez-Zarzoso et al 2011;Manta et al 2020; among others studies) to estimate the relationship between CO2 emissions and various macroeconomics indicator including gross domestic product, urbanization and energy consumption. But, from econometrics perspective, some of the studies gave arguments favorable to the EKC hypothesis, yet it was not confirmed whether any particular country sampled will follow the same pollution path estimated for the panel of countries (Fodha & Zaghdoud 2010;Chebbi et al 2011;among others studies).…”

Section: Model Specificationmentioning

confidence: 99%

“…Several studies have also explored the relationship between financial development and CO2 emissions (Bayar et al 2020;Xiong et al 2017;Basarir & Cakir 2015). Some of the studies found the relationship negative (Annicchiarico & Di Dio 2016;Basarir & Cakir 2015), whereas others suggested a positive relationship but only for developed countries (Manta et al 2020). To date, there is insufficient empirical evidence to explain this relationship for the developing countries including those in ASEAN.…”

Section: Introductionmentioning

confidence: 99%

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The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

2021

JEM

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The focal aim of this paper is to examine the relationship between total energy consumption, Gross Domestic Product, urbanization, trade openness and financial development on carbon dioxide (CO2) emissions. The study focuses on two selected ASEAN countries namely, Malaysia and Singapore, due to their major contribution in CO2 emissions among other ASEAN countries, after Brunei. This study adopts the quarterly time series data from Q1:2010 to Q1:2020. By utilizing the linear ARDL method, the presence of a positive and long-term relationship was confirmed between the variables for both countries. The findings also validate the Environment Kuznets hypothesis namely, that CO2 emissions will continue to rise until the national income reaches optimum point and beyond this environment quality will begin to improve. The results established that financial development helps to reduce CO2 emissions in both the short-and long-run. Further, trade openness tends to reduce CO2 in Malaysia. For Singapore however, it reduces CO2 in the short-run but not in the long-run. In general the study reveals that the relationship between emissions of CO2 and economic development is U-shaped, for both countries. For future sustainable environment the study implies that specific financial planning towards green technology is necessary to sustain a better environment. Economic growth of the country is therefore more meaningful if accompanied with a sustainable environment for future generations.

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Section: Discussionsupporting

confidence: 89%

Section: Model Specificationmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

2021

JEM

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“…The linkage of CO 2 emissions between energy use, economic growth, and financial development applied to CEEC countries for 2000-2017 was investigated by Manta et al (2020) using FMOLS, VECM, and Pairwise Granger causality test. The results demonstrated that there exists bidirectional causality between income per capita and financial system development.…”

Section: Economic Growth and Environmentmentioning

confidence: 99%

Testing the Role of Trade on Carbon Dioxide Emissions in Portugal

Leitão

2021

Economies

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This article considers the relationship between trade intensity, energy consumption, income per capita, and carbon dioxide emissions from 1970–2016 for the Portuguese economy. Considering the arguments of monopolistic competition, the article tests the hypotheses of trade and energy consumption on climate change. We use the autoregressive distributed lag-ARDL model, quantile regression, and cointegration models such as fully modified ordinary least squares (FMOLS), canonical cointegration regression, and dynamic ordinary least squares (DOLS) as an econometric strategy. The econometric results have support with the literature review. The variables used in this research are integrated with the first differences, as indicated by the unit root test. The empirical study proves that trade intensity contributes to environmental improvements. However, energy consumption presents a positive impact on CO2 emissions. The econometric results also demonstrated that a sustainable environmental system exists in the long run.

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“…However no long-run relation in Sweden, Norway, Luxemburg, Motherland, UK, France, Belgium, Finland Austria. Manta et al, (2020) estimated the nexus among CO2 emission, economic growth, energy use, and financial development in Central and Eastern European Countries (CEEC) using VECM and Granger causality over the period of 2000 to 2017. The result shows that in the long run energy emission and CO2 emission have no impact on economic growth while in the short run increasing financial development increases the CO2 emission and leads to enhanced economic growth.…”

Section: Economic Growth and Environmental Pollutionmentioning

confidence: 99%

The linkage between CO2, FDI, economic growth, and value-added: A European perspective

Singh

2021

Preprint

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This article aims to investigate the linkage among CO2 emissions, Foreign Direct Investment (FDI), economic growth, Gross Value Added (GVA) of different sectors namely agriculture, service, manufacturing, and resource extensive industries including construction sectors in four European regions Eastern Europe (EE), Southern Europe (SE), Northern Europe (NE) and Western Europe (WE). This article uses the 3SLS simultaneous equation estimation during the period of 2000 to 2018. This study is the extension of seeing the challenges in policy implication in reducing CO2 emission in technologically rich economies. This article concluded that the causality among variables CO2 emission, economic growth, FDI, and all four sectors GVA is varied according to the regions. However, the CO2 emission has bidirectional causality with each industrial sector's GVA.

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The Nexus between Carbon Emissions, Energy Use, Economic Growth and Financial Development: Evidence from Central and Eastern European Countries

Cited by 54 publications

References 51 publications

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

Testing the Role of Trade on Carbon Dioxide Emissions in Portugal

The linkage between CO2, FDI, economic growth, and value-added: A European perspective

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