EconPapers    
Economics at your fingertips  
 

The nexus of electricity consumption, economic growth and CO2 emissions in the BRICS countries

Wendy N. Cowan, Tsangyao Chang (), Roula Inglesi-Lotz () and Rangan Gupta ()

Energy Policy, 2014, vol. 66, issue C, 359-368

Abstract: This study reexamines the causal link between electricity consumption, economic growth and CO2 emissions in the BRICS countries (i.e., Brazil, Russia, India, China, and South Africa) for the period 1990–2010, using panel causality analysis, accounting for dependency and heterogeneity across countries. Regarding the electricity–GDP nexus, the empirical results support evidence on the feedback hypothesis for Russia and the conservation hypothesis for South Africa. However, a neutrality hypothesis holds for Brazil, India and China, indicating neither electricity consumption nor economic growth is sensitive to each other in these three countries. Regarding the GDP–CO2 emissions nexus, a feedback hypothesis for Russia, a one-way Granger causality running from GDP to CO2 emissions in South Africa and reverse relationship from CO2 emissions to GDP in Brazil is found. There is no evidence of Granger causality between GDP and CO2 emissions in India and China. Furthermore, electricity consumption is found to Granger cause CO2 emissions in India, while there is no Granger causality between electricity consumption and CO2 emissions in Brazil, Russia, China and South Africa. Therefore, the differing results for the BRICS countries imply that policies cannot be uniformly implemented as they will have different effects in each of the BRICS countries under study.

Keywords: Electricity consumption; Economic growth; CO2 emissions; BRICS countries; Dependency and heterogeneity; Panel causality test (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (106) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0301421513011087
Full text for ScienceDirect subscribers only

Related works:
Working Paper: The nexus of electricity consumption, economic growth and CO2 emissions in the BRICS countries (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:enepol:v:66:y:2014:i:c:p:359-368

DOI: 10.1016/j.enpol.2013.10.081

Access Statistics for this article

Energy Policy is currently edited by N. France

More articles in Energy Policy from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2021-02-23
Handle: RePEc:eee:enepol:v:66:y:2014:i:c:p:359-368