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The relationship between economic growth, energy consumption, and CO2 emissions: Empirical evidence from China
Wang S. J.; Li, Q. Y.; Fang, C. L.; Zhou, C. S.
出处Science of the Total Environment
2016
542
360-371
关键词Economic growth Energy consumption CO2 emissions Cointegration tests Granger causality tests carbon-dioxide emissions panel-data analysis multivariate cointegration analysis autoregressive time-series causal relationship error-correction unit-root countries urbanization india
英文摘要Following several decades of rapid economic growth, China has become the largest energy consumer and the greatest emitter of CO2 in the world. Given the complex development situation faced by contemporary China, Chinese policymakers now confront the dual challenge of reducing energy use while continuing to foster economic growth. This study posits that a better understanding of the relationship between economic growth, energy consumption, and CO2 emissions is necessary, in order for the Chinese government to develop the energy saving and emission reduction strategies for addressing the impacts of climate change. This paper investigates the cointegrating, temporally dynamic, and casual relationships that exist between economic growth, energy consumption, and CO2 emissions in China, using data for the period 1990-2012. The study develops a comprehensive conceptual framework in order to perform this analysis. The results of cointegration tests suggest the existence of long-run cointegrating relationship among the variables, albeit with short dynamic adjustment mechanisms, indicating that the proportion of disequilibrium errors that can be adjusted in the next period will account for only a fraction of the changes. Further, impulse response analysis (which describes the reaction of any variable as a function of time in response to external shocks) found that the impact of a shock in CO2 emissions on economic growth or energy consumption was only marginally significant. Finally, Granger casual relationships were found to exist between economic growth, energy consumption, and CO2 emissions; specifically, a bi-directional causal relationship between economic growth and energy consumption was identified, and a unidirectional causal relationship was found to exist from energy consumption to CO2 emissions. The findings have significant implications for both academics and practitioners, warning of the need to develop and implement long-term energy and economic policies in order to effectively address greenhouse effects in China, thereby setting the nation on a low-carbon growth path. (C) 2015 Elsevier B.V. All rights reserved.
收录类别SCI
语种英语
ISSN号0048-9697
DOI标识10.1016/j.scitotenv.2015.10.027
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被引频次:79[WOS]   [WOS记录]     [WOS相关记录]
文献类型SCI/SSCI论文
条目标识符http://ir.igsnrr.ac.cn/handle/311030/43296
专题历年回溯文献
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Wang S. J.,Li, Q. Y.,Fang, C. L.,et al. The relationship between economic growth, energy consumption, and CO2 emissions: Empirical evidence from China. 2016.
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