Modelling the nonlinear relationship between co2 emissions and energy consumption: new evidence on the role of economic growth

Titolo Rivista ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT
Autori/Curatori Raheem Ibrahim Dolapo, Kazeem O. Isah
Anno di pubblicazione 2016 Fascicolo 2015/1
Lingua Inglese Numero pagine 12 P. 59-70 Dimensione file 178 KB
DOI 10.3280/EFE2015-001005
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The objective of this study is to examine the relationship between CO2 emissions and energy consumption while simultaneously accounting for the role of economic growth. Although a few recent studies have paid attention to the nonlinear relationship between the first two variables, no study that we are aware of, has considered these three variables simultaneously. Using data covering 21 countries for the period 1986-2010, the study found the existence of one threshold level of economic growth, which stood at 5.5 percent. It was also found that above this threshold level, CO2 emissions impact more on energy consumption and vice-versa. Policy implication is drawn from these results.

Keywords:Carbon dioxide emissions, economic growth, energy consumption, and dynamic panel threshold model

Jel codes:C23, O10, Q41, Q53

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    DOI: 10.3280/EFE2016-001006

Raheem Ibrahim Dolapo, Kazeem O. Isah, Modelling the nonlinear relationship between co2 emissions and energy consumption: new evidence on the role of economic growth in "ECONOMICS AND POLICY OF ENERGY AND THE ENVIRONMENT" 1/2015, pp 59-70, DOI: 10.3280/EFE2015-001005