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  Atıf Sayısı 1
 Görüntüleme 11
Impact of Economic Growth, Energy use and Research and Development Expenditure on Carbon Emissions: An Analysis of 29 OECD Countries
2023
Dergi:  
International Journal of Energy Economics and Policy
Yazar:  
Özet:

Abstract This study attempts to investigate the impact of economic growth, energy use and research and development expenditure on carbon dioxide emissions for a panel of 29  Organisation for Economic Development and Cooperation (OECD) countries over 1995-2019. We employ two sets of econometric techniques.The first set of estimation techniques assumes cross sectional independence in the panel (also known as the first generation tests). The first generation tests include the panel unit root tests- Levin et al ( LLC), Im et al (IPS) ADF-Fisher and PP-Fisher unit root tests, Pedroni (1999) and Kao cointegration tests and the Fully Modified Ordinary Least Square (FMOLS) for computing output elasticities. The second set of econometric tests are performed after checking for cross sectional dependence using the second generation tests. These include Pesaran CD test, Breusch Pagan CD test, to establish cross sectional dependence followed by Cross-sectional augmented Im-Pesaran-Shin (CIPS) panel unit root test developed by Pesaran (2007)to test for panel stationarity followed by the error correction based panel cointegration test proposed by Westerlund and Edgerton (2007) with bootstrap. Augmented Mean Group (AMG) is performed to estimate output elasticities while Dumitrescu-Hurlin (DH) Panel Causality tests is done to ascertain causality between variables   We obtain the same results for the effect of GDP and energy use on carbon emissions from  the two strategies but conflicting results for the impact of research and development spending on carbon emissions, although there is evidence of stronger cointegration under the first generation tests. Based on findings from the two approaches, we conclude that with a rise in GDP, carbon emissions fall in OECD but increase with a rise in energy use. Aggregate research and development expenditure has a positive effect on carbon emissions under cross sectional independence but a neutral effect when estimated using cross-sectional dependence tests giving inconclusive results. Downloads Download data is not yet available. Downloads FULL TEXT Published 2023-01-22 How to Cite Sheikh, A., & Hassan, O. I. (2023). Impact of Economic Growth, Energy use and Research and Development Expenditure on Carbon Emissions: An Analysis of 29 OECD Countries. International Journal of Energy Economics and Policy, 13(1), 454–464. https://doi.org/10.32479/ijeep.13647 More Citation Formats ACM ACS APA ABNT Chicago Harvard IEEE MLA Turabian Vancouver Download Citation Endnote/Zotero/Mendeley (RIS) BibTeX Issue Vol. 13 No. 1 (2023) Section Articles License Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication. Most read articles by the same author(s) Miguel Angel Esquivias, Owais ibni Hassan, Aisha Sheikh, Evidence-based Examination of the Consequences of Financial Development on Environmental Degradation in the Indian Setting, Using the ARDL Model , International Journal of Energy Economics and Policy: Vol. 13 No. 1 (2023) Make a Submission Make a Submission Dergi Kapağı

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International Journal of Energy Economics and Policy

Alan :   Sosyal, Beşeri ve İdari Bilimler

Dergi Türü :   Uluslararası

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Makale : 2.578
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International Journal of Energy Economics and Policy