The nexus between CO2 emissions, energy consumption, and economic growth in the U.S
Roxana J. Javid and
Economic Analysis and Policy, 2021, vol. 69, issue C, 182-194
This study investigates the relationship between carbon dioxide (CO2) emissions, energy consumption, and economic growth (GDP) in the U.S. at the state level during 1997–2016. This study uses various quantitative approaches including static models as well as dynamic models to measure the impacts of GDP and different types of energy consumption including total, non-renewable, renewable, industrial, and residential energy on CO2 emissions across states. Results show that a long-run relationship exists among various types of energy consumption and CO2 emissions at the state level for both static and dynamic models. Total, non-renewable, industrial, and residential energy consumption have a positive impact on CO2 emissions, while renewable energy consumption has a negative relationship with CO2 emissions. The findings show an inverted-U shape relationship between CO2 emissions and GDP which provides enough evidence to validate the Environmental Kuznets Curve (EKC) hypothesis across states. The results are robust across states using both static and dynamic models. Policy makers may use our findings to define applicable polices to reduce CO2 emissions across U.S. states.
Keywords: CO2 emissions; Climate change; Economic output; GDP; Energy consumption; Renewable energy (search for similar items in EconPapers)
JEL-codes: E20 Q01 Q20 Q30 Q53 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed
Downloads: (external link)
Full text for ScienceDirect subscribers only
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:69:y:2021:i:c:p:182-194
Access Statistics for this article
Economic Analysis and Policy is currently edited by Clevo Wilson
More articles in Economic Analysis and Policy from Elsevier
Bibliographic data for series maintained by Catherine Liu ().