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Economic Growth, Renewable Energy and Methane Emissions: Is there an Enviromental Kuznets Curve in Austria?

Author

Listed:
  • Mayra Benavides

    (Faculty of Social Sciences and Humanities, Escuela Superior Polit cnica del Litoral, Campus Gustavo Galindo Km 30.5 V a, Perimetral, P.O. Box 09-01-5863, Guayaquil, Ecuador)

  • Kevin Ovalle

    (Faculty of Social Sciences and Humanities, Escuela Superior Polit cnica del Litoral, Campus Gustavo Galindo Km 30.5 V a, Perimetral, P.O. Box 09-01-5863, Guayaquil, Ecuador)

  • Carolina Torres

    (Faculty of Social Sciences and Humanities, Escuela Superior Polit cnica del Litoral, Campus Gustavo Galindo Km 30.5 V a, Perimetral, P.O. Box 09-01-5863, Guayaquil, Ecuador)

  • Tatiana Vinces

    (Faculty of Social Sciences and Humanities, Escuela Superior Polit cnica del Litoral, Campus Gustavo Galindo Km 30.5 V a, Perimetral, P.O. Box 09-01-5863, Guayaquil, Ecuador)

Abstract

This paper provides empirical evidence of environmental Kuznets curve for Austria. Using the autoregressive distributed lag method, the relationship between methane emissions (CH4), gross domestic product, electricity production from renewable energy sources (excluding hydro) and trade openness is analyzed; the variables are used in per capita terms except for trade openness. In the long term, cointegration analysis indicates that the variables have a distribution inverted U-shaped and Granger causality test shows unidirectional causality between CH4 and the variables involved. Since CH4 is the second highest greenhouse gas emitted in the world, political and academic implications of this study are relevant to include in planning decisions that aim to mitigate climate change

Suggested Citation

  • Mayra Benavides & Kevin Ovalle & Carolina Torres & Tatiana Vinces, 2017. "Economic Growth, Renewable Energy and Methane Emissions: Is there an Enviromental Kuznets Curve in Austria?," International Journal of Energy Economics and Policy, Econjournals, vol. 7(1), pages 259-267.
    • Handle: RePEc:eco:journ2:2017-01-26
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    References listed on IDEAS

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    Cited by:

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    4. Alexander Bass & Dmitry Burakov & Max Freidin, 2019. "Does Financial Development Matter for Environmental Kuznets Curve in Russia? Evidence from the Autoregressive Distributed Lag Bounds Test Approach," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 334-341.
    5. Mustapha Ben Hassine & Nizar Harrathi, 2017. "The Causal Links between Economic Growth, Renewable Energy, Financial Development and Foreign Trade in Gulf Cooperation Council Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 7(2), pages 76-85.
    6. Rigas, Nikos & Kounetas, Konstantinos, 2021. "The Role of temperature, Precipitation and CO2 emissions on Countries’ Economic Growth and Productivity," MPRA Paper 104727, University Library of Munich, Germany.
    7. Cosimo Magazzino, 2017. "Renewable Energy Consumption-Economic Growth Nexus in Italy," International Journal of Energy Economics and Policy, Econjournals, vol. 7(6), pages 119-127.
    8. Sun, Xiaohua & Dong, Yan & Wang, Yun & Ren, Junlin, 2022. "Sources of greenhouse gas emission reductions in OECD countries: Composition or technique effects," Ecological Economics, Elsevier, vol. 193(C).
    9. Eren Cifci & Matthew E. Oliver, 2018. "Reassessing the Links between GHG Emissions, Economic Growth, and the UNFCCC: A Difference-in-Differences Approach," Sustainability, MDPI, vol. 10(2), pages 1-22, January.
    10. Adhy Satya Pratama & M. Pudjihardjo & Asfi Manzilati & Devanto Shasta Pratomo, 2021. "Testing the Existence of Environmental Kuznets Curve (EKC) Hypothesis in ASEAN 5," Technium Social Sciences Journal, Technium Science, vol. 22(1), pages 362-375, August.
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    12. Titalessy, Pisi Bethania, 2021. "Renewable Energy Consumption and Economic Growth in Asia Pacific," OSF Preprints wn569, Center for Open Science.
    13. Emrah Bese & Haven Swint Friday, 2021. "Analysis of Coal Consumption and Growth Nexus by Environmental Kuznets Curve," International Journal of Energy Economics and Policy, Econjournals, vol. 11(3), pages 80-86.
    14. Haider Mahmood & Muhammad Shahid Hassan & Soumen Rej & Maham Furqan, 2023. "The Environmental Kuznets Curve and Renewable Energy Consumption: A Review," International Journal of Energy Economics and Policy, Econjournals, vol. 13(3), pages 279-291, May.
    15. Khadiga Mohamed El-Aasar & Shaimaa A. Hanafy, 2018. "Investigating the Environmental Kuznets Curve Hypothesis in Egypt: The Role of Renewable Energy and Trade in Mitigating GHGs," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 177-184.
    16. Tanattrin Bunnag, 2023. "Analyzing Short-run and Long-run Causality Relationship among CO2 Emission, Energy Consumption, GDP, Square of GDP, and Foreign Direct Investment in Environmental Kuznets Curve for Thailand," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 341-348, March.
    17. Obukohwo Oba EFAYENA & Enoh Hilda OLELE & Ngozi Patricia BUZUGBE, 2022. "Energy consumption and economic growth nexus in Africa: New insights from emerging economies," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(4(633), W), pages 185-196, Winter.
    18. Murshed, Muntasir & Dao, Nhung Thi Tuyet, 2020. "Revisiting the EKC hypothesis in South Asia: The role of Export Quality Improvement," MPRA Paper 111620, University Library of Munich, Germany, revised 2020.
    19. Syeda Anam Hassan & Misbah Nosheen & Nazish Rafaz & Inayatul Haq, 2021. "Exploring the existence of aviation Kuznets curve in the context of environmental pollution for OECD nations," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(10), pages 15266-15289, October.
    20. Marco Mele, 2019. "Renewable Energy Consumption: the Effects on Economic Growth in Mexico," International Journal of Energy Economics and Policy, Econjournals, vol. 9(3), pages 269-273.

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    More about this item

    Keywords

    Methane Emissions; Renewable Energy; Trade Openness;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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