Investigating the dynamic linkages among carbon dioxide emissions, economic growth, and renewable and non-renewable energy consumption: evidence from developing countries

Dimitriadis, Dimitrios; Katrakilidis, Constantinos; Karakotsios, Achillefs

doi:10.1007/s11356-021-13613-2

Research Article
Published: 27 March 2021

Investigating the dynamic linkages among carbon dioxide emissions, economic growth, and renewable and non-renewable energy consumption: evidence from developing countries

Dimitrios Dimitriadis ORCID: orcid.org/0000-0002-2653-0830¹,
Constantinos Katrakilidis¹ &
Achillefs Karakotsios¹

Environmental Science and Pollution Research volume 28, pages 40917–40928 (2021)Cite this article

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Abstract

This research paper examines the causal relationships among carbon dioxide emissions, economic growth, and renewable and non-renewable energy consumption, for a panel of 68 developing countries over the period 1990 − 2014. We use the multivariate panel cointegration framework and apply a battery of conventional (Pedroni 1999, 2004; and Kao 1999) as well as newly developed methodologies accounting for heterogeneity and cross-sectional correlation (Westerlund’s ECM panel cointegration (2007) and panel bootstrap cointegration (2007) tests). The pooled mean group (PMG), mean group (MG), and dynamic fixed effects (DFE) methodologies were further applied to trace out the short-run dynamics. The results support evidence of significant dynamic linkages among the involved variables and reveal possible differences in the magnitude of the impacts from renewable and non-renewable energy consumption on environmental quality. The issue of distinguishing by source and determining the magnitude of the detected effects could provide valuable information for a sustainable economic and environmental development, substantially helping policy makers to designate more efficient policy measures.

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The dataset used during the current study is available from the corresponding author on reasonable request. Data has been retrieved from https://data.worldbank.org/data-catalog/world-development-indicators

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Dimitrios Dimitriadis, Constantinos Katrakilidis & Achillefs Karakotsios

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Dimitrios Dimitriadis
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Constantinos Katrakilidis
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Achillefs Karakotsios
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DD drafted the manuscript, CK guided the econometrics analysis and revised it, and AK was a major contributor in writing the literature review of the manuscript. All authors read and approved the final manuscript.

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Table 10 Sixty-eight country panel

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Dimitriadis, D., Katrakilidis, C. & Karakotsios, A. Investigating the dynamic linkages among carbon dioxide emissions, economic growth, and renewable and non-renewable energy consumption: evidence from developing countries. Environ Sci Pollut Res 28, 40917–40928 (2021). https://doi.org/10.1007/s11356-021-13613-2

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Received: 18 January 2021
Accepted: 18 March 2021
Published: 27 March 2021
Issue Date: August 2021
DOI: https://doi.org/10.1007/s11356-021-13613-2

Keywords

Renewable energy consumption
Non-renewable energy consumption
Economic growth
Carbon dioxide emissions
Panel
Cointegration
Causality

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