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Economic Growth, Carbon Dioxide Emissions, Renewable Energy and Globalization

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  • Nuno Carlos Leit o

    (Polytechnic Institute of Santar m,ESGTS,Complexo Andaluz, Apt 295-2001-904-Santar m, and CEGAFE-UE, voraUniversity, Portugal.)

Abstract

This article investigates the correlation between economic growth, carbon dioxide emissions, renewable energy and globalization for the period 1970-2010, using time series (OLS,GMM,unit root test,VECmodel, and Granger causality) to Portuguese economy. OLS estimator and GMM model demonstrate that carbon dioxide emissions and renewable energy are positively correlated with economic growth. The econometric models also show that the overall index of globalization has a positive effect on growth. The Granger causality reports a unidirectional causality between renewable energy and economic growth.

Suggested Citation

  • Nuno Carlos Leit o, 2014. "Economic Growth, Carbon Dioxide Emissions, Renewable Energy and Globalization," International Journal of Energy Economics and Policy, Econjournals, vol. 4(3), pages 391-399.
    • Handle: RePEc:eco:journ2:2014-03-8
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    References listed on IDEAS

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    More about this item

    Keywords

    Economic growth; renewable energy; globalization;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • F10 - International Economics - - Trade - - - General
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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