On the relationship between energy consumption, CO2 emissions and economic growth in Europe

This study examines the causal relationship between carbon dioxide emissions, energy consumption, and economic growth by using autoregressive distributed lag (ARDL) bounds testing approach of cointegration for nineteen European countries. The bounds F-test for cointegration test yields evidence of a...

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Bibliographic Details
Main Authors: Acaravci, Ali, Ozturk, Ilhan
Format: Article in Journal/Newspaper
Language:unknown
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Online Access:http://www.sciencedirect.com/science/article/pii/S0360544210003737
Description
Summary:This study examines the causal relationship between carbon dioxide emissions, energy consumption, and economic growth by using autoregressive distributed lag (ARDL) bounds testing approach of cointegration for nineteen European countries. The bounds F-test for cointegration test yields evidence of a long-run relationship between carbon emissions per capita, energy consumption per capita, real gross domestic product (GDP) per capita and the square of per capita real GDP only for Denmark, Germany, Greece, Iceland, Italy, Portugal and Switzerland. The cumulative sum and cumulative sum of squares tests also show that the estimated parameters are stable for the sample period. Carbon dioxide emissions; Energy consumption; Growth; Environmental Kuznets curve; Europe;