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Economic growth, energy consumption and carbon dioxide emissions: a multivariate cointegration and causality analysis for Central Asian countries

Authors: Yalçın Kayacan, Eda; Cowley, Joshua David; Pazarlıoğlu, Mehmet Vedat;

Economic growth, energy consumption and carbon dioxide emissions: a multivariate cointegration and causality analysis for Central Asian countries

Abstract

Energy plays a vital role in economic development and it is generally considered one of the most important elements of sustainable development. For developing countries especially, economic growth requires an extensive use of energy. Unfortunately, the most abundant from of easily accessible energy is fossil fuels and burning fossil fuels generates waste products. Carbon dioxide (CO2) which comes from consuming fossil fuels such as coal, oil and gas plays a significant role in today’s global warming crisis. Ideally CO2 emissions would be limited, but doing so may impact economic growth and development This study looks at the causal relationships between Economic Growth, Energy Consumption and Carbon Dioxide Emissions for the Central Asian Countries, Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan, for the period from 1990 to 2012. Johansen cointegration tests and Granger causality tests based on a Multivariate Vector Error Correction Modeling are used to determine the cointegration relationships between these variables.

Country
Turkey
Related Organizations
Keywords

Energy consumption, Cointegration, 330, 339, Granger causality, Granger causality, Cointegration, Energy consumption, CO2 emissions, CO2 emissions

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citations
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
Green
Related to Research communities
Energy Research