The Relationship Between Economic Growth and CO2 Emissions in EU Countries: A Cointegration Analysis

Onofrei, Mihaela; Vatamanu, Anca Florentina; Cigu, Elena

doi:10.3389/fenvs.2022.934885

Cited by 81 publications

(35 citation statements)

References 58 publications

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“…Moreover, a one percent (1%) increase in PGR rate significantly increases CO 2 emissions by 0.241 metric tons per capita. Our results confirm the findings of [ 40 , 61 – 64 ].…”

Section: Resultssupporting

confidence: 93%

“…GDP growth rate was positively associated with CEs, increasing it by 0.2689 metric tons per capita for every one percent (1%) increase in growth. Our findings confirm the results of [ 37 , 38 , 40 ].…”

Section: Resultssupporting

confidence: 93%

“…After confirming the occurrence of the long-term association by the ARDL test, we computed the parameters for the long-term associations. This result relates to the findings of [ 39 , 40 , 45 ].…”

Section: Resultssupporting

confidence: 89%

“…Onofrei et al [ 40 ] employed cointegration analysis to study the links that betwixt CO 2 emissions and economic growth in several European countries. In addition to the cointegration, they applied the dynamic ordinary least squares to establish a long-run alliance linking CO 2 emissions and economic growth in Europe.…”

Section: Introductionmentioning

confidence: 99%

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An autoregressive distributed lag approach for estimating the nexus between CO2 emissions and economic determinants in Pakistan

et al. 2023

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Carbon dioxide (CO2) emissions have become a critical aspect of the economic and sustainable development indicators of every country. In Pakistan, where there is a substantial increase in the population, industrialization, and demand for electricity production from different resources, the fear of an increase in CO2 emissions cannot be ignored. This study explores the link that betwixt CO2 emissions with different significant economic indicators in Pakistan from 1960 to 2018 using the autoregressive distributed lag (ARDL) modelling technique. We implemented the covariance proportion, coefficient of determination, the Durbin Watson D statistics, analysis of variance (ANOVA), variance inflating factor (VIF), the Breusch-Pagan test, the Theil’s inequality, the root mean quare error (RMSE), the mean absolute percentage error (MAPE), and the mean absolute error (MAE) for the diagnostics, efficiency, and validity of our model. Our results showed a significant association between increased CO2 emissions and increased electricity production from oil, gas, and other sources. An increase in electricity production from coal resources was seen to have resulted in a decrease in CO2 emissions. We observed that an increase in the gross domestic product (GDP) and population growth significantly contributed to the increased CO2 emissions. The increment in CO2 emissions resulting from industrial growth was not significant. The increment in CO2 emissions in the contemporary year is significantly associated with the preceding year’s increase. The rate of increase was very alarming, a sign that no serious efforts have been channelled in this regard to reduce this phenomenon. We call for policy dialogue to devise energy-saving and CO2 emission reduction strategies to minimize the impact of climate change on industrialization, population growth, and GDP growth without deterring economic and human growth. Electricity production from different sources with no or minimal CO2 emissions should be adopted. We also recommend rigorous tree planting nationwide to help reduce the concentration of CO2 in the atmosphere as well as environmental pollution.

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“…Moreover, a one percent (1%) increase in PGR rate significantly increases CO 2 emissions by 0.241 metric tons per capita. Our results confirm the findings of [ 40 , 61 – 64 ].…”

Section: Resultssupporting

confidence: 93%

Section: Resultssupporting

confidence: 93%

Section: Resultssupporting

confidence: 89%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

An autoregressive distributed lag approach for estimating the nexus between CO2 emissions and economic determinants in Pakistan

et al. 2023

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“…It indeed is the world's most pressing challenge. The high CO 2 concentration is the engine of environmental depletion, haunting the country's economic life (Onofrei et al, 2022). Based on this statement, Christensen et al (2018) suggest that GNE is the prime driver of CO 2 growth.…”

Section: Introductionmentioning

confidence: 99%

Assessing the nexus of gross national expenditure, energy consumption, and information & communications technology toward the sustainable environment: Evidence from advanced economies

Sarfraz

Naseem

Mohsin

2023

Sustainable Development

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The quantity of carbon dioxide in the atmosphere rises yearly because human activities emit more of it than the earth's natural processes can absorb. The overall carbon dioxide emissions continue to rise due to development demands. In a panel setting, this paper investigates the link dynamics between gross national spending, energy consumption, information and communications technology, and CO2 emissions in advanced nations from 2000 to 2020. We employ quantitative sequential approaches, such as DOLS, unit root test, and cointegration techniques, to ensure the coherence and feasibility of the study. Both versions of the estimators show statistically significant effects of gross national expenditure, energy consumption, and Information & Communications Technology on CO2 emissions. The findings of this paper show that there is a long‐run relationship between independent and dependent variables. The study also shows that rising exports of ICT services, energy consumption, and population need environmental protection and highlight the necessity for environmental regulations that can minimize emissions throughout the country's expansion. Even in advanced nations, climate vulnerability is not automatically reduced by development status but is instead reduced by the right sort of growth.

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Is economic growth in East Asia pacific and South Asia ESG factors based and aligned growth?

Işık,

Ongan,

Islam

et al. 2024

Sustainable Development

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Asia–Pacific countries are experiencing rapid economic growth. Is this growth ESG (Environmental, Social, and Governance) factors‐based and aligned growth? Therefore, this study investigates the connections between ESG indicators and economic growth in East Asia Pacific and South Asia. To achieve this aim, we employed the FMOLS, DOLS, and AMG models. While the AMG model highlights significant long‐term positive effects of the environmental (EFs) and governance factors (GOVNF) on economic growth, the FMOLS and DOLS models emphasize the substantial influence of social factors (SOC) on economic growth. These findings underscore the multifaceted nature of ESG factors and offer valuable insights for policymakers aiming to align strategies with the sustainable development goals (SDGs). Notably, the GOVNF, with components like control of corruption, regulatory quality, rule of law, and government effectiveness, does not influence the GDP of developed nations, such as Japan, New Zealand, and Australia. However, its significance is evident in countries like Afghanistan and Sri Lanka. This result might stem from the possibility that developed countries have historically addressed and resolved issues like corruption and the rule of law, while these elements remain crucial determinants for the economic growth of developing nations like Afghanistan and Sri Lanka. Empirical findings provide the region's policymakers with essential insights and a guide for implementing their economic growth policies ESG factor‐based and aligned to the United Nations' SDGs. These targets will make the economic growth of the region's countries sustainable.

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The Relationship Between Economic Growth and CO2 Emissions in EU Countries: A Cointegration Analysis

Cited by 81 publications

References 58 publications

An autoregressive distributed lag approach for estimating the nexus between CO2 emissions and economic determinants in Pakistan

An autoregressive distributed lag approach for estimating the nexus between CO2 emissions and economic determinants in Pakistan

Assessing the nexus of gross national expenditure, energy consumption, and information & communications technology toward the sustainable environment: Evidence from advanced economies

Is economic growth in East Asia pacific and South Asia ESG factors based and aligned growth?

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