Economic growth, energy consumption and carbone dioxide emissions: recent evidence from panel data analysis for 58 countries

Kais Saidi () and Sami Hammami ()

Quality & Quantity: International Journal of Methodology, 2016, vol. 50, issue 1, 383 pages

Abstract: This paper investigates the causal relationship between energy consumption, $$\hbox {CO}_{2}$$ CO 2 emissions and economic growth using dynamic simultaneous-equation panel data models for 58 countries over the period 1990–2012. We also estimate this relationship for three regional panels; namely, Europe and North Asia, Latin America and the Caribbean, and the Middle East, North Africa, and the sub-Sahara African region. Our results indicate that there is a bidirectional causality relationship between energy consumption and economic growth for the four panels, while our results significantly reject the neo-classical assumption that energy is neutral for growth. Similarly, the results support the occurrence of a bidirectional causality relationship between energy consumption and $$\hbox {CO}_{2}$$ CO 2 emissions for the four panels. A unidirectional causality running from $$\hbox {CO}_{2}$$ CO 2 emissions to economic growth for the Latin American and Caribbean, which implies that, the environment degradation has a negative impact on economic growth. Copyright Springer Science+Business Media Dordrecht 2016

Keywords: Energy consumption; Economic growth; Carbon emission; Dynamic simultaneous-equations models; C33; O13; Q43 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (10)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:qualqt:v:50:y:2016:i:1:p:361-383

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DOI: 10.1007/s11135-014-0153-1

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