Economic growth and carbon emissions

Narayan, Paresh, Saboori, Behnaz and Soleymani, Abdorreza 2016, Economic growth and carbon emissions, Economic modelling, vol. 53, pp. 388-397, doi: 10.1016/j.econmod.2015.10.027.

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Title Economic growth and carbon emissions
Author(s) Narayan, PareshORCID iD for Narayan, Paresh orcid.org/0000-0001-7934-8146
Saboori, Behnaz
Soleymani, Abdorreza
Journal name Economic modelling
Volume number 53
Start page 388
End page 397
Total pages 10
Publisher Elsevier
Place of publication Amsterdam, The Netherlands
Publication date 2016-02
ISSN 0264-9993
Keyword(s) Economic growth
CO2 emissions
Cross-correlation
Social Sciences
Economics
Business & Economics
ENVIRONMENTAL KUZNETS CURVE
ENERGY-CONSUMPTION PERMANENT
PANEL-DATA
COUNTRIES
TEMPORARY
SHOCKS
INCOME
OIL
Summary In this paper, we investigate the dynamic relationship between economic growth and carbon dioxide (CO2) emissions for 181 countries. We propose a new approach based on the cross-correlation estimates to understand how economic growth and CO2 emissions are related. Our proposal is that if there is a positive cross-correlation between the current level of income and the past level of CO2 emissions and a negative cross-correlation between the current level of income and the future CO2 emissions, then CO2 emissions will decline with an increase in income over time, consistent with the environmental Kuznets curve (EKC) hypothesis. Our main findings can be summarized as follows. First, for 21 out of 181 countries (12%), there is clear evidence supporting the EKC hypothesis. Second, we ask whether a rise in income reduces emissions in the future. We find that for 49 countries (27%), income growth will reduce emissions in the future.
Language eng
DOI 10.1016/j.econmod.2015.10.027
Field of Research 140202 Economic Development and Growth
1402 Applied Economics
1403 Econometrics
1502 Banking, Finance And Investment
Socio Economic Objective 910103 Economic Growth
HERDC Research category C1 Refereed article in a scholarly journal
ERA Research output type C Journal article
Copyright notice ©2015, Elsevier B.V
Persistent URL http://hdl.handle.net/10536/DRO/DU:30084850

Document type: Journal Article
Collections: Faculty of Business and Law
School of Accounting, Economics and Finance
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