Relationship among Economic Growth, Energy Consumption, CO 2 Emission, and Urbanization: An Econometric Perspective Analysis

Janusz Myszczyszyn () and Błażej Suproń ()
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Janusz Myszczyszyn: Department of Economics and Accounting, Faculty of Economics, West Pomeranian University of Technology, 70-310 Szczecin, Poland

Energies, 2022, vol. 15, issue 24, 1-18

Abstract: The key goal of this research was to figure out the short and long run relationship between environmental degradation caused by carbon dioxide (CO 2 ) emissions and energy consumption, the level of GDP economic growth, and urbanization in the Visegrad Region countries (V4). The study used data from the years 1996–2020. In the methodological area, ARDL bound test, and ARDL and ECM models were used to determine the directions and strength of interdependence. The results show that in the case of some V4 countries (Poland, Slovakia, and Hungary), changes in the urbanization rate affect CO 2 emissions. Moreover, it was confirmed that the phenomenon of urbanization influences the enhanced energy consumption in the studied countries. In the case of individual countries, these relationships were varied, both unidirectional and bidirectional. Their nature was also varied—there were both long and short-term relationships. These findings suggest that the V4 countries should increase renewable and ecological energy sources. It is also recommended to enhancement energy savings in the areas of both individual and industrial consumption by promoting low-emission solutions. This should be done while considering changes in urbanization.

Keywords: ARDL bounds testing; energy consumption; economic growth; urbanization; CO 2 emissions; Central Europe (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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