CO2 Emissions and Economic Growth of SAARC Countries: Evidence from a Panel VAR Analysis
Open Access
- 30 December 2015
- journal article
- Published by WERI Education Research Development Printing Publication, Ltd. in World Journal of Applied Economics
- Vol. 1 (2), 23
- https://doi.org/10.22440/econworld.j.2015.1.2.sp.0009
Abstract
The paper examined the causality in both static and dynamic framework between CO2 emissions and economic growth of SAARC countries over the period 1972-2010 using panel approach. The paper presents the facts obtained on the basis of panel unit root test, panel-co-integration test , panel VECM and Impulse Response functions (IRFs) and Variance decomposition (VDs). IRFs and VDs analysis indicate that CO2 emissions, GDP have positive impact on each other. The result from the application of VECM analysis suggests unidirectional causality running from economic growth to CO2 emissions. The result found contradicts the Environmental Kuznets Curve hypothesis.Keywords
This publication has 20 references indexed in Scilit:
- Examining carbon emissions economic growth nexus for India: A multivariate cointegration approachEnergy Policy, 2010
- Economic growth and pollutant emissions in Tunisia: An empirical analysis of the environmental Kuznets curveEnergy Policy, 2010
- Income and emission: A panel data-based cointegration analysisEcological Economics, 2006
- Reassessing the environmental Kuznets curve for CO2 emissions: A robustness exerciseEcological Economics, 2006
- Economics In A Full WorldScientific American, 2005
- Environmental Kuznets Curve Hypothesis: A SurveyEcological Economics, 2004
- Interrelationships between income, health and the environment: extending the Environmental Kuznets Curve hypothesisEcological Economics, 2001
- Air quality and economic growth: an empirical studyEcological Economics, 2000
- A dynamic approach to the Environmental Kuznets Curve hypothesisEcological Economics, 1999
- Environmental Impacts of a North American Free Trade AgreementPublished by National Bureau of Economic Research ,1991