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On the Dynamic Linkages between CO2 Emissions, Energy Consumption and Growth in Greece

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  • C. Katrakilidis
  • I. Kyritsis
  • V. Patsika

Abstract

This paper attempts to analyze the short-and long-run causal dynamic interactions between energy consumption, CO2 emissions and economic growth in Greece, using time-series techniques. To this end, annual data covering the period 1980-2012 are employed and tests for unit roots, the ARDL-bounds approach of cointegration, and Granger-causality based on error-correction models are applied. The results reveal strong feedback in the long-run between all the examined variables. For the shortrun, there is evidence of two-way causality in all examined pairs with only exception the direction CO2 towards GDP.

Suggested Citation

  • C. Katrakilidis & I. Kyritsis & V. Patsika, 2014. "On the Dynamic Linkages between CO2 Emissions, Energy Consumption and Growth in Greece," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 79-90.
    • Handle: RePEc:ers:journl:v:xvii:y:2014:i:3:p:79-90
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    Cited by:

    1. Ketenci, Natalya, 2017. "The role of Greece and Turkey as energy hubs in the region," MPRA Paper 83862, University Library of Munich, Germany.
    2. Mariusz Pyra, 2023. "A Scenario Analysis for the Decarbonisation Process in Poland’s Road Transport Sector," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 411-432.

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    More about this item

    Keywords

    CO2 Emissions; Energy Consumption; Growth; Causality; Greece;
    All these keywords.

    JEL classification:

    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-
    • N70 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - General, International, or Comparative
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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