Carbon Dioxide Emissions (CO<sub>2</sub>), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis

Rajasekar Thangasamy; Malabika Deo; Kalaimohan Sankaran

doi:doi:10.11648/j.ijeee.20160102.12

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Carbon Dioxide Emissions (CO₂), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis

Rajasekar Thangasamy, Malabika Deo, Kalaimohan Sankaran

Published in International Journal of Economy, Energy and Environment (Volume 1, Issue 2)

Received: 31 August 2016 Accepted: 5 October 2016 Published: 17 October 2016

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Abstract

The present research work started with a simple question: Is there any relationship between carbon dioxide emissions, energy consumption and economic growth of new industrialized countries. The study tries to evaluate the relationship, cause and effect between CO₂ emissions, energy consumption and economic growth. Since the research used panel data, the sophisticated panel data models such as unit root, cointegration, error correction model, granger causality, impulse response function and variance decomposition tests were used over the period of 1960 to 2014. From the result, it is found that there exists long run relationship and causality between energy consumption and economic growth and also found the relationship between carbon dioxide emissions. Hence the study has concluded that, if the country needs to increase their economic growth they are bound to use energy, but at the cost of CO₂. emission. The study also suggested that as per the Kyoto protocol, new industrialized countries need to take necessary steps to reduce CO₂ emissions with an immediate effort.

Published in	International Journal of Economy, Energy and Environment (Volume 1, Issue 2)
DOI	10.11648/j.ijeee.20160102.12
Page(s)	24-33
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2016. Published by Science Publishing Group

Keywords

CO₂ Emissions, Energy Use, Economic Development, Panel Data Models, Environmental Kuntz Curve

References

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APA Style

Rajasekar Thangasamy, Malabika Deo, Kalaimohan Sankaran. (2016). Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. International Journal of Economy, Energy and Environment, 1(2), 24-33. https://doi.org/10.11648/j.ijeee.20160102.12

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ACS Style

Rajasekar Thangasamy; Malabika Deo; Kalaimohan Sankaran. Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. Int. J. Econ. Energy Environ. 2016, 1(2), 24-33. doi: 10.11648/j.ijeee.20160102.12

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AMA Style

Rajasekar Thangasamy, Malabika Deo, Kalaimohan Sankaran. Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. Int J Econ Energy Environ. 2016;1(2):24-33. doi: 10.11648/j.ijeee.20160102.12

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@article{10.11648/j.ijeee.20160102.12,
  author = {Rajasekar Thangasamy and Malabika Deo and Kalaimohan Sankaran},
  title = {Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis},
  journal = {International Journal of Economy, Energy and Environment},
  volume = {1},
  number = {2},
  pages = {24-33},
  doi = {10.11648/j.ijeee.20160102.12},
  url = {https://doi.org/10.11648/j.ijeee.20160102.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijeee.20160102.12},
  abstract = {The present research work started with a simple question: Is there any relationship between carbon dioxide emissions, energy consumption and economic growth of new industrialized countries. The study tries to evaluate the relationship, cause and effect between CO2 emissions, energy consumption and economic growth. Since the research used panel data, the sophisticated panel data models such as unit root, cointegration, error correction model, granger causality, impulse response function and variance decomposition tests were used over the period of 1960 to 2014. From the result, it is found that there exists long run relationship and causality between energy consumption and economic growth and also found the relationship between carbon dioxide emissions. Hence the study has concluded that, if the country needs to increase their economic growth they are bound to use energy, but at the cost of CO2. emission. The study also suggested that as per the Kyoto protocol, new industrialized countries need to take necessary steps to reduce CO2 emissions with an immediate effort.},
 year = {2016}
}

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TY  - JOUR
T1  - Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis
AU  - Rajasekar Thangasamy
AU  - Malabika Deo
AU  - Kalaimohan Sankaran
Y1  - 2016/10/17
PY  - 2016
N1  - https://doi.org/10.11648/j.ijeee.20160102.12
DO  - 10.11648/j.ijeee.20160102.12
T2  - International Journal of Economy, Energy and Environment
JF  - International Journal of Economy, Energy and Environment
JO  - International Journal of Economy, Energy and Environment
SP  - 24
EP  - 33
PB  - Science Publishing Group
SN  - 2575-5021
UR  - https://doi.org/10.11648/j.ijeee.20160102.12
AB  - The present research work started with a simple question: Is there any relationship between carbon dioxide emissions, energy consumption and economic growth of new industrialized countries. The study tries to evaluate the relationship, cause and effect between CO2 emissions, energy consumption and economic growth. Since the research used panel data, the sophisticated panel data models such as unit root, cointegration, error correction model, granger causality, impulse response function and variance decomposition tests were used over the period of 1960 to 2014. From the result, it is found that there exists long run relationship and causality between energy consumption and economic growth and also found the relationship between carbon dioxide emissions. Hence the study has concluded that, if the country needs to increase their economic growth they are bound to use energy, but at the cost of CO2. emission. The study also suggested that as per the Kyoto protocol, new industrialized countries need to take necessary steps to reduce CO2 emissions with an immediate effort.
VL  - 1
IS  - 2
ER  -

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Author Information

Rajasekar Thangasamy

Department of Commerce, Pondicherry University, Pondicherry, India
Malabika Deo

Department of Commerce, Pondicherry University, Pondicherry, India
Kalaimohan Sankaran

Department of Ecology and Environmental Sciences, Pondicherry University, Pondicherry, India

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Plain Text BibTeX RIS

APA Style

Rajasekar Thangasamy, Malabika Deo, Kalaimohan Sankaran. (2016). Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. International Journal of Economy, Energy and Environment, 1(2), 24-33. https://doi.org/10.11648/j.ijeee.20160102.12

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ACS Style

Rajasekar Thangasamy; Malabika Deo; Kalaimohan Sankaran. Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. Int. J. Econ. Energy Environ. 2016, 1(2), 24-33. doi: 10.11648/j.ijeee.20160102.12

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AMA Style

Rajasekar Thangasamy, Malabika Deo, Kalaimohan Sankaran. Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis. Int J Econ Energy Environ. 2016;1(2):24-33. doi: 10.11648/j.ijeee.20160102.12

Copy | Download

@article{10.11648/j.ijeee.20160102.12,
  author = {Rajasekar Thangasamy and Malabika Deo and Kalaimohan Sankaran},
  title = {Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis},
  journal = {International Journal of Economy, Energy and Environment},
  volume = {1},
  number = {2},
  pages = {24-33},
  doi = {10.11648/j.ijeee.20160102.12},
  url = {https://doi.org/10.11648/j.ijeee.20160102.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijeee.20160102.12},
  abstract = {The present research work started with a simple question: Is there any relationship between carbon dioxide emissions, energy consumption and economic growth of new industrialized countries. The study tries to evaluate the relationship, cause and effect between CO2 emissions, energy consumption and economic growth. Since the research used panel data, the sophisticated panel data models such as unit root, cointegration, error correction model, granger causality, impulse response function and variance decomposition tests were used over the period of 1960 to 2014. From the result, it is found that there exists long run relationship and causality between energy consumption and economic growth and also found the relationship between carbon dioxide emissions. Hence the study has concluded that, if the country needs to increase their economic growth they are bound to use energy, but at the cost of CO2. emission. The study also suggested that as per the Kyoto protocol, new industrialized countries need to take necessary steps to reduce CO2 emissions with an immediate effort.},
 year = {2016}
}

Copy | Download

TY  - JOUR
T1  - Carbon Dioxide Emissions (CO2), Energy Consumption and Economic Development of New Industrialized Countries Using Panel Econometric Analysis
AU  - Rajasekar Thangasamy
AU  - Malabika Deo
AU  - Kalaimohan Sankaran
Y1  - 2016/10/17
PY  - 2016
N1  - https://doi.org/10.11648/j.ijeee.20160102.12
DO  - 10.11648/j.ijeee.20160102.12
T2  - International Journal of Economy, Energy and Environment
JF  - International Journal of Economy, Energy and Environment
JO  - International Journal of Economy, Energy and Environment
SP  - 24
EP  - 33
PB  - Science Publishing Group
SN  - 2575-5021
UR  - https://doi.org/10.11648/j.ijeee.20160102.12
AB  - The present research work started with a simple question: Is there any relationship between carbon dioxide emissions, energy consumption and economic growth of new industrialized countries. The study tries to evaluate the relationship, cause and effect between CO2 emissions, energy consumption and economic growth. Since the research used panel data, the sophisticated panel data models such as unit root, cointegration, error correction model, granger causality, impulse response function and variance decomposition tests were used over the period of 1960 to 2014. From the result, it is found that there exists long run relationship and causality between energy consumption and economic growth and also found the relationship between carbon dioxide emissions. Hence the study has concluded that, if the country needs to increase their economic growth they are bound to use energy, but at the cost of CO2. emission. The study also suggested that as per the Kyoto protocol, new industrialized countries need to take necessary steps to reduce CO2 emissions with an immediate effort.
VL  - 1
IS  - 2
ER  -

Copy | Download