Empirical link between economic growth, energy consumption and CO2 emission in Australia
Article
| Article Title | Empirical link between economic growth, energy consumption and CO2 emission in Australia |
|---|---|
| ERA Journal ID | 18404 |
| Article Category | Article |
| Authors | Salahuddin, Mohammad (Author) and Khan, Shahjahan (Author) |
| Journal Title | Journal of Developing Areas |
| Journal Citation | 47 (2), pp. 81-92 |
| Number of Pages | 12 |
| Year | 2013 |
| Publisher | Tennessee State University |
| Place of Publication | Nashville, TN, USA |
| ISSN | 0022-037X |
| 1548-2278 | |
| Web Address (URL) | http://muse.jhu.edu/journals/journal_of_developing_areas/ |
| Abstract | This study investigates the causal relationship between economic growth, energy consumption and CO2 emission in Australia using time series data for the period of 1965-2007. Johansen cointegration technique is employed to examine the long run relationship between economic growth, energy consumption and CO2 emission. Results suggest that there is no cointegrating relationship among the variables; economic growth, energy consumption and CO2 emission in Australia. VAR in first differences is conducted. Generalized impulse response shows that energy consumption has a quite persistent positive impact on CO2 emission but GDP doesn’t have any impact on it. The study also shows bi-directional causal link between energy consumption and economic growth. However there is no causal link between CO2 emission and economic growth. Findings indicate that Australia is still in a comfortable position to pursue pro-growth policies without being over-concerned about CO2 emission. |
| Keywords | Australia, cointegration, CO2 emission, energy consumption, economic growth |
| ANZSRC Field of Research 2020 | 440499. Development studies not elsewhere classified |
| Public Notes | Copyright Tennessee State University College of Business. |
| Byline Affiliations | School of Accounting, Economics and Finance |
| Department of Mathematics and Computing | |
| Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q1y1x/empirical-link-between-economic-growth-energy-consumption-and-co2-emission-in-australia
2055
total views11
total downloads7
views this month0
downloads this month