The relationship between CO2 emissions, economic growth, available energy, and employment in SEE countries

被引:81
作者
Mitic, Petar [1 ]
Fedajev, Aleksandra [2 ]
Radulescu, Magdalena [3 ,4 ]
Rehman, Abdul [5 ]
机构
[1] Inst Econ Sci, Zmaj Jovina 12, Belgrade, Serbia
[2] Univ Belgrade, Tech Fac Bor, Vojske Jugoslavije 12, Bor, Serbia
[3] Univ Pitesti, Fac Econ Sci, Dept Finance Accounting & Econ, Str Targu Din Vale 1, Pitesti, Romania
[4] Univ Lucian Blaga Sibiu, Doctoral Sch, Bd Victoriei 10, Sibiu, Romania
[5] Henan Agr Univ, Coll Econ & Management, Zhengzhou 450002, Peoples R China
关键词
CO2; emissions; Energy; Economic growth; Employment; SEE countries; Panel causality; Variance decomposition; UNIT-ROOT TESTS; RENEWABLE ENERGY; PANEL-DATA; CANDIDATE COUNTRIES; EMPIRICAL-EVIDENCE; CONSUMPTION; NEXUS; EU; IMPACT; COINTEGRATION;
D O I
10.1007/s11356-022-23356-3
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
As a result of a greater worldwide aspiration for wealth and economic progress, increased use of natural resources for diverse industries resulted in increased pollution emissions, mainly carbon dioxide. Energy security, economic stability, job security, biodiversity loss, climate change, and global warming all require reconciliation and resolution now, more than ever before. This paper explores the causal relationship between CO2 emissions, economic growth, available energy, and employment for a panel of eight South-Eastern European countries from 1995 to 2019. We investigate the relationship using panel unit root tests, panel cointegration methods, and panel causality tests. The results show a short-run bidirectional panel causality between CO2 emissions and employment and between available energy and employment. The results further indicate a unidirectional causality from available energy and employment to GDP. The long-run causal relationship results show that the estimated coefficients of the lagged ECT in the CO2 emissions, GDP, and employment equations are statistically significant, implying that these variables could play a significant role in the system's adjustment process as it departs from long-run equilibrium. We also conducted a variance decomposition analysis, which allowed us to compare the extent of the individual factors' contributions to each other over the next 5 years.
引用
收藏
页码:16140 / 16155
页数:16
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