Some Methodological Considerations for the relationship between Environmental Degradation, Economic Growth and Energy Consumption for South Asian Countries

Atif Khan Jadoon, Ambreen Sarwar, Hafiz Muhammad Qasim, Maria Faiq Javaid, Saima Liaqat and Munazza Ahmed
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Atif Khan Jadoon: Department of Economics, University of the Punjab, Pakistan,
Ambreen Sarwar: Department of Economics, University of the Punjab, Pakistan,
Hafiz Muhammad Qasim: Department of Economics, Lahore Lead University, Pakistan,
Maria Faiq Javaid: Department of Economics, University of the Punjab, Pakistan,
Saima Liaqat: Department of Economics, Lahore College for Women University, Lahore, Pakistan,
Munazza Ahmed: Department of Economics, Virtual University of Pakistan.

International Journal of Energy Economics and Policy, 2022, vol. 12, issue 1, 365-372

Abstract: The present study is designed to investigate that how Economic Growth (EG) of the South Asian region has affected the Environmental Degradation (ED) from 1980 to 2018. This study has used Newey and West (1987) robust standard errors approach to overcome the problem of autocorrelation and heteroskedasticity in panel data. The results of the statistical model confirmed the existence of the Inverted U-shaped Environmental Kuznets Curve (EKC). Furthermore, the results also confirmed that the use of energy is also deteriorating the environment significantly. One significant contribution of the study is to check the causality between EG and CO2 by applying a relatively new approach namely Granger non-causality test presented by Dumitrescu and Hurlin (2021). The results confirmed that economic growth is contributing towards more CO2 emissions. The study concluded that South Asian countries should use environment-friendly renewable energy sources to achieve a higher growth rate.

Keywords: Economic Growth; CO2 Emission; Energy Consumption; Environmental Degradation; Newey and West Approach; Non-causality (search for similar items in EconPapers)
JEL-codes: C22 F15 L98 Q43 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2022-01-45

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