On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries

Maamar Sebri and Ousama Ben Salha
Authors registered in the RePEc Author Service: Ousama Ben-Salha

MPRA Paper from University Library of Munich, Germany

Abstract: The current study investigates the causal relationship between economic growth and renewable energy consumption in the BRICS countries over the period 1971-2010 within a multivariate framework. The ARDL bounds testing approach to cointegration and vector error correction model (VECM) are used to examine the long-run and causal relationships between economic growth, renewable energy consumption, trade openness and carbon dioxide emissions. Empirical evidence shows that, based on the ARDL estimates, there exist long-run equilibrium relationships among the competing variables. Regarding the VECM results, bi-directional Granger causality exists between economic growth and renewable energy consumption, suggesting the feedback hypothesis, which can explain the role of renewable energy in stimulating economic growth in BRICS countries.

Keywords: ARDL; BRICS; Granger causality; Economic growth; Renewable energy. (search for similar items in EconPapers)
JEL-codes: C32 Q2 Q3 Q4 (search for similar items in EconPapers)
Date: 2013-12-25
New Economics Papers: this item is included in nep-cwa, nep-ene, nep-env, nep-fdg and nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: On the causal dynamics between economic growth, renewable energy consumption, CO2 emissions and trade openness: Fresh evidence from BRICS countries (2014)
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