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The relationship among economic growth, CO2 emissions, and energy use in the APEC countries: a panel VAR approach

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Abstract

The aim of this paper is to analyze the relationship among economic growth, carbon dioxide emissions, and energy use for 19 APEC countries over the 1960–2013 years. Using a panel VAR technique, a three-variable VAR is estimated. Empirical findings illustrate that no causal relationship emerges between real GDP and energy use. Thus, our empirical evidence is in line with the “neutrality hypothesis.” Moreover, panel cointegration tests show that a long-run equilibrium relationship is questionable for the APEC countries. Granger causality analyses confirm our previous results, since in nine countries any causal relationship between GDP and energy is found.

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Fig. 1

Sources: WDI data

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Notes

  1. See, for more details: http://www.econstats.com/wdi/wdic_MNA.htm.

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Acknowledgements

Comments from Mauro Costantini (Brunel University) and Gian Cesare Romagnoli (Roma Tre University), as well as the anonymous referees and editor are gratefully acknowledged. However, the usual disclaimer applies.

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Authors and Affiliations

  1. Department of Political Sciences, Roma Tre University, Via G. Chiabrera 199, 00145, Rome, Italy

    Cosimo Magazzino

  2. Italian Economic Association (SIE), Rome, Italy

    Cosimo Magazzino

  3. Royal Economic Society (RES), Rome, Italy

    Cosimo Magazzino

Authors
  1. Cosimo Magazzino
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Correspondence to Cosimo Magazzino.

Appendix

Appendix

See Tables 8, 9, and 10.

Table 8 Correlation between real GDP and energy use
Full size table
Table 9 Results for additive outlier unit root tests (single structural break)
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Table 10 Panel stationarity test
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Magazzino, C. The relationship among economic growth, CO2 emissions, and energy use in the APEC countries: a panel VAR approach. Environ Syst Decis 37, 353–366 (2017). https://doi.org/10.1007/s10669-017-9626-9

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  • DOI: https://doi.org/10.1007/s10669-017-9626-9

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