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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:

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    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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