The Effect of Energy Consumption and Economic Growth on Co2 Emissions:Evidence from 58 Countries

Kais Saidi and Sami Hammami
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Kais Saidi: Faculty of Economics and Management, University of Sfax, Street of Airport, km 4.5, LP 1088, Sfax 3018, Tunisia
Sami Hammami: Faculty of Economics and Management, University of Sfax, Street of Airport, km 4.5, LP 1088, Sfax 3018, Tunisia

Bulletin of Energy Economics (BEE), 2015, vol. 3, issue 3, 91-104

Abstract: We investigate the impact of energy consumption, economic growth, urbanization and trade openness on carbon dioxide emissions for a global panel consisting of 58 countries, using dynamic simultaneous-equation panel data models. In this way, we end up with three region panels; namely, European and North Asian countries, Latin America and Caribbean and Middle East, North Africa, and sub-Saharan. The time component of our dataset is 1990-2012 inclusive. Our results indicate that energy consumption has a positive effects on CO2 emissions and statistically significant for the four panel. The GDP per capita has a positive and statistically significant effect on CO2 emissions for the four panel, for the Europe and North Asia countries, and for the Middle Eastern, North Africa, and sub-Saharan. Furthermore our empirical results indicate the presence of an inverted U-shaped curve between CO2 emissions and GDP per capita. Urbanization is found to have a negative and statistically significant impact on CO2 emissions for the global panel. For the Europe and North Asia and for the Middle East, North Africa, and sub-Saharan, the trade openness has a negative and statistically significant effect on the CO2 emissions.

Keywords: CO2 emissions; Energy consumption; Economic growth (search for similar items in EconPapers)
JEL-codes: F43 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (31)

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