The asymmetric nexus of energy-growth and CO2 emissions: An empirical evidence based on hidden cointegration analysis

被引:14
作者
Khan, Anwar [1 ,5 ]
Sun, Chuanwang [1 ,2 ,3 ,4 ]
机构
[1] Xiamen Univ, China Ctr Energy Econ Res, Sch Econ, Xiamen 361005, Fujian, Peoples R China
[2] Xiamen Univ, Paula & Gregory Chow Inst Studies Econ, Xiamen 361005, Fujian, Peoples R China
[3] Jiangxi Normal Univ, Financial Coll, Nanchang 330022, Jiangxi, Peoples R China
[4] Xiamen Univ, Sch Econ, MOE Key Lab Econometr, Xiamen 361005, Peoples R China
[5] Univ Relig & Denominat, Comparat Study Relig, Pardisan, Iran
基金
中国国家自然科学基金; 美国国家科学基金会;
关键词
Asymmetric causality; Energy growthCO2 emission nexus; Hidden cointegration; ECONOMIC-GROWTH; TIME-SERIES; FINANCIAL DEVELOPMENT; COUNTRIES EVIDENCE; ERROR-CORRECTION; CONSUMPTION; PANEL; CAUSALITY; IMPACT; CHINA;
D O I
10.1016/j.gr.2023.07.012
中图分类号
P [天文学、地球科学];
学科分类号
07 ;
摘要
Noting the significance of asymmetries in macroeconomic literature, this study aimed to estimate the asymmetric linkages between energy growth and the environment for BRICST countries between 1990 & 2017. For this purpose, this study applied hidden cointegration, panel NARDL, and asymmetric causality tests between the variables. In the first step, the results supported the existence of hidden cointegration between the variables. In the next step, empirical results obtained from panel NARDL results explained that the chosen variables have asymmetric relationships and are highly responsive to macroeconomic shocks. Initially, the positive shocks of energy consumption positively respond to environmental degradation; similarly, the negative shocks also correspond positively to CO2 emissions. In the economic expansion phase, the positive shocks of growth have insignificant, and adverse shocks negatively respond to CO2 emissions in BRICST countries. The results of individual countries along BRICST differ at various levels in response to asymmetric shocks. Different asymmetric causalities between the chosen dimension of variables are explored. From the asymmetric associations between the variables, the study proposes to forecast the energy demand and explore alternative ways to energy resources to shift their fossil energy bases to renewable systems. Similarly, adopting ICT products could make energy efficiency in these countries more productive towards improving environmental quality. & COPY; 2023 International Association for Gondwana Research. Published by Elsevier B.V. All rights reserved.
引用
收藏
页码:15 / 28
页数:14
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