Causalıty Among Carbon Emıssıons, Energy Consumptıon and Growth ın İndıa
Dosyalar
Tarih
2012
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
This study attempts to investigate the long-run Granger causality relationship between energy consumption, carbon dioxide emission and economic growth in India over the period 1971-2007. The augmented Dickey-Fuller test (ADF), Phillips-Perron test (PP) and KPSS test are used to test for Granger causality in cointegration models which take account of the stochastic properties of the variables. The most important result is that there is feedback causal relationship between energy consumption and economic growth in India which implies that the level of economic activity and energy consumption mutually influence each other; a high level of economic growth leads to a high level of energy consumption and vice versa. The value of the error correction term confirms the expected convergence process in the long-run for carbon emissions and growth in India which implies that emission reduction policies will hurt economic growth in India if there are no supplementary policies which seek to modify this causal relationship.
Açıklama
WOS: 000310712700011
Anahtar Kelimeler
Carbon Emissions, Energy Consumption, Growth, India
Kaynak
Economıc Research-Ekonomska İstrazıvanja
WoS Q Değeri
N/A
Scopus Q Değeri
Cilt
25
Sayı
3
