Economic growth and CO2 emissions: the ECM analysis
AbstractOur paper uses the panel data approach to investigate the relationship between CO2 emissions and economic growth for 18 EU Member Countries from 1995 to 2012. Th e economic growth of countries impels an intensive use of energy which results in growing CO2 emissions, so the pollution is directly linked with economic growth and development. Using basic ECM estimation we verifi ed that the long-run relationship between GDP and CO2 emissions is negative, because the development of new low-carbon technologies enables in the long-run reaching the same production level at lower CO2 emissions and that the short-run relationship between GDP and CO2 emissions is positive, because the fast increase in production can be reached due to more intensive energy use by the existing technolog ies, then the capacity increases as well CO2 emissions.
|Journal series||Journal of International Studies, ISSN 2071-8330, e-ISSN 2306-3483, (B 11 pkt)|
|Publication size in sheets||0.5|
|Keywords in English||energy consumption, economic growth, panel data analysis, ECM, CO2 emission|
|Score|| = 11.0, 23-12-2019, ArticleFromJournal|
= 11.0, 23-12-2019, ArticleFromJournal
|Publication indicators||: 2015 = 0.419|
|Citation count*||29 (2020-06-17)|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.