Bitcoin trading, economic growth, energy use, and CO2 emissions: An advanced panel study of emerging market economies

被引:7
作者
Hong, Hui [1 ]
Zhang, Cheng [2 ]
机构
[1] Nanjing Univ Posts & Telecommun, Sch Econ, Nanjing, Peoples R China
[2] Nanjing Univ Finance & Econ, Sch Econ, Nanjing, Peoples R China
关键词
Bitcoin trading; Economic growth; Energy use; CO; 2; emissions; Emerging market economies; ENVIRONMENTAL KUZNETS CURVE; ELECTRICITY CONSUMPTION; ECOLOGICAL FOOTPRINT; CARBON FOOTPRINT; MIDDLE-EAST; VOLATILITY; OECD;
D O I
10.1016/j.iref.2023.06.003
中图分类号
F8 [财政、金融];
学科分类号
0202 ;
摘要
Carbon dioxide emissions pose a severe threat to the global eco-system and human health, yet at the same time the exponential growth of Bitcoin trading, unsustainable mode of current economic development, and the low efficient energy usage have become burgeoning issues in emerging market economies. By applying advanced econometric techniques, this research empirically tests the dynamic impacts of Bitcoin trading, economic growth, and energy use on CO2 emissions in the top 20 Bitcoin-trading emerging market economies from 2013 to 2020, highlighting results on the existence of cross-section dependence, slope heterogeneity, and unit roots in the panel data. Moreover, Bitcoin trading, economic growth, and energy use have a significantly positive effect on CO2 emissions from a long-term perspective. Findings further show that CO2 emissions have a bi-causal correlation with all three determinants. Relevant implications are offered as follows. For academic researchers, cross-section dependence and slope heterogeneity are important considerations, and ignoring them would lead to significantly biased inferences. Emerging market governments should introduce eco-friendly technology for Bitcoin trading, modify the present extensive mode of economic growth, and guard against unsustainable energy consumption.
引用
收藏
页码:519 / 531
页数:13
相关论文
共 50 条
[21]   Economic Complexity, Economic Growth, and CO2 Emissions: A Panel Data Analysis [J].
Laverde-Rojas, Henry ;
Correa, Juan C. .
INTERNATIONAL ECONOMIC JOURNAL, 2021, 35 (04) :411-433
[22]   The trilemma among CO2 emissions, energy use, and economic growth in Russia [J].
Magazzino, Cosimo ;
Mele, Marco ;
Drago, Carlo ;
Kuskaya, Sevda ;
Pozzi, Cesare ;
Monarca, Umberto .
SCIENTIFIC REPORTS, 2023, 13 (01)
[23]   Economic Growth, CO2 Emissions and Energy Use in the South Caucasus and Turkey: a PVAR analyses [J].
Magazzino, Cosimo .
INTERNATIONAL ENERGY JOURNAL, 2016, 16 (04) :153-162
[24]   Tourism, economic growth, energy consumption, and CO2 emissions in China [J].
Zhang, Jiekuan ;
Zhang, Yan .
TOURISM ECONOMICS, 2021, 27 (05) :1060-1080
[25]   CO2 emissions, energy consumption, economic and population growth in Malaysia [J].
Begum, Rawshan Ara ;
Sohag, Kazi ;
Abdullah, Sharifah Mastura Syed ;
Jaafar, Mokhtar .
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2015, 41 :594-601
[26]   Militarisation, Energy Consumption, CO2 Emissions and Economic Growth in Myanmar [J].
Ahmed, Shakoor ;
Alam, Khorshed ;
Rashid, Afzalur ;
Gow, Jeff .
DEFENCE AND PEACE ECONOMICS, 2020, 31 (06) :615-641
[27]   The effect of urbanization on CO2 emissions in emerging economies [J].
Sadorsky, Perry .
ENERGY ECONOMICS, 2014, 41 :147-153
[28]   Energy consumption, CO2 emissions and economic growth in developed, emerging and Middle East and North Africa countries [J].
Muhammad, Bashir .
ENERGY, 2019, 179 :232-245
[29]   CO2 emissions, economic growth, energy consumption, trade and urbanization in new EU member and candidate countries: A panel data analysis [J].
Kasman, Adnan ;
Duman, Yavuz Selman .
ECONOMIC MODELLING, 2015, 44 :97-103
[30]   An econometric study of carbon dioxide (CO2) emissions, energy consumption, and economic growth of Pakistan [J].
Hussain, Matloub ;
Javaid, Muhammad Irfan ;
Drake, Paul R. .
INTERNATIONAL JOURNAL OF ENERGY SECTOR MANAGEMENT, 2012, 6 (04) :518-533