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CO2 Emissions and Economic Growth of SAARC Countries: Evidence from a Panel VAR Analysis

Sweety Pandey () and Mrutyunjaya Mishra
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Sweety Pandey: Banaras Hindu University, Department of Economics
Mrutyunjaya Mishra: Banaras Hindu University, Department of Economics

World Journal of Applied Economics, 2015, vol. 1, issue 2, 23-33

Abstract: The paper examined the causality in both static and dynamic framework between CO2 emissions and economic growth of SAARC countries over the period 1972-2010 using panel approach. The paper presents the facts obtained on the basis of panel unit root test, panel-co-integration test , panel VECM and Impulse Response functions (IRFs) and Variance decomposition (VDs). IRFs and VDs analysis indicate that CO2 emissions, GDP have positive impact on each other. The result from the application of VECM analysis suggests unidirectional causality running from economic growth to CO2 emissions. The result found contradicts the Environmental Kuznets Curve hypothesis.

Keywords: SAARC; economic growth; CO2 emissions; Panel VAR (search for similar items in EconPapers)
JEL-codes: C23 Q56 Q53 (search for similar items in EconPapers)
Date: 2015
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