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Open AccessArticle

Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries

Department of Economics and Finance, Ming Chuan University, 5 De Ming Rd., Gui Shan District, Taipeh 333, Taiwan
Int. J. Environ. Res. Public Health 2017, 14(11), 1436; https://doi.org/10.3390/ijerph14111436
Received: 14 September 2017 / Revised: 17 November 2017 / Accepted: 18 November 2017 / Published: 22 November 2017
(This article belongs to the Special Issue Decision Models in Green Growth and Sustainable Development)
This research investigates the co-movement and causality relationships between greenhouse gas emissions, energy consumption and economic growth for 16 Asian countries over the period 1990–2012. The empirical findings suggest that in the long run, bidirectional Granger causality between energy consumption, GDP and greenhouse gas emissions and between GDP, greenhouse gas emissions and energy consumption is established. A non-linear, quadratic relationship is revealed between greenhouse gas emissions, energy consumption and economic growth, consistent with the environmental Kuznets curve for these 16 Asian countries and a subsample of the Asian new industrial economy. Short-run relationships are regionally specific across the Asian continent. From the viewpoint of energy policy in Asia, various governments support low-carbon or renewable energy use and are reducing fossil fuel combustion to sustain economic growth, but in some countries, evidence suggests that energy conservation might only be marginal. View Full-Text
Keywords: greenhouse gas emissions; energy consumption; economic growth; Granger causality greenhouse gas emissions; energy consumption; economic growth; Granger causality
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MDPI and ACS Style

Lu, W.-C. Greenhouse Gas Emissions, Energy Consumption and Economic Growth: A Panel Cointegration Analysis for 16 Asian Countries. Int. J. Environ. Res. Public Health 2017, 14, 1436.

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