Does energy consumption impact the environment? Evidence from Australia using the JJ Bayer-Hanck Cointegration Technique and the Autoregressive Distributed Lag Test

Article


Khanal, Avishek. 2021. "Does energy consumption impact the environment? Evidence from Australia using the JJ Bayer-Hanck Cointegration Technique and the Autoregressive Distributed Lag Test." International Journal of Energy Economics and Policy. 11 (4), pp. 185-194. https://doi.org/10.32479/ijeep.11163
Article Title

Does energy consumption impact the environment? Evidence from Australia using the JJ Bayer-Hanck Cointegration Technique and the Autoregressive Distributed Lag Test

ERA Journal ID200738
Article CategoryArticle
Authors
AuthorKhanal, Avishek
Journal TitleInternational Journal of Energy Economics and Policy
Journal Citation11 (4), pp. 185-194
Number of Pages10
Year2021
Place of PublicationTurkey
ISSN2146-4553
Digital Object Identifier (DOI)https://doi.org/10.32479/ijeep.11163
Web Address (URL)https://econjournals.com/index.php/ijeep/article/view/11163
Abstract

This study investigates the impact of energy consumption on environmental pollution in Australia using time series data from 1971 to 2015. Gross domestic product (GDP), total population (TP), and financial development (FD) are included as control variables. In achieving the objective, this study employ unit root test, cointegration test, and autoregressive distributed lag (ARDL) long-run and short-run methodology to examine the nexus between energy consumption, carbon dioxide (CO2) emissions, Gross Domestic Product (GDP), total population (TP), and financial development (FD). The results of ARDL long-run and short-run reveals that energy consumption is the most substantial determinant that impacts environmental pollution. However, the empirical findings suggest that GDP, TP, and FD are insignificant in contributing to an increase in CO2 emissions. Thus, this study concludes that policymakers and attention on energy consumption trend and pattern is crucial for effective policies on environmental pollution.

Keywordselectricity consumption, carbon dioxide emissions, GDP, Bayer-Hanck Cointegration Technique, Autoregressive Distributed Lag
ANZSRC Field of Research 2020410404. Environmental management
Byline AffiliationsSchool of Business
Institution of OriginUniversity of Southern Queensland
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