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Dynamic Modeling of Causal Relationship Between Energy Consumption, CO2 Emissions, and Economic Growth in Italy

In: Advances in Applied Economic Research

Author

Listed:
  • Pavlos Stamatiou

    (University of Macedonia)

  • Nikolaos Dritsakis

    (University of Macedonia)

Abstract

The aim of this paper is to investigate the relationship between CO2 emissions (carbon dioxide emissions), energy consumption, and economic growth in Italy, using annual data covering the period 1960–2011. The unit root tests results indicated that the variables are not stationary in levels but in their first differences. Subsequently, Johansen’s cointegration test showed that there is a cointegrated vector between the examined variables. The vector error correction model (VECM) is used in order to find the causality relations among the variables. The empirical results of the study revealed that, in the short run, there is a unidirectional causality relation between economic growth and CO2 emissions with direction from economic growth to CO2 emissions, as well as a unidirectional causality relation running from economic growth to energy consumption. Moreover, the results showed that there is short-run bidirectional causality relation between energy consumption and CO2 emissions.

Suggested Citation

  • Pavlos Stamatiou & Nikolaos Dritsakis, 2017. "Dynamic Modeling of Causal Relationship Between Energy Consumption, CO2 Emissions, and Economic Growth in Italy," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Applied Economic Research, chapter 0, pages 99-109, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-48454-9_8
    DOI: 10.1007/978-3-319-48454-9_8
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    Citations

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    Cited by:

    1. Brutscher, Philipp-Bastian & Ravillard, Pauline, 2019. "Promoting energy audits: Results from an experiment," EIB Working Papers 2019/06, European Investment Bank (EIB).
    2. Nematchoua, Modeste Kameni & Asadi, Somayeh & Reiter, Sigrid, 2020. "Influence of energy mix on the life cycle of an eco-neighborhood, a case study of 150 countries," Renewable Energy, Elsevier, vol. 162(C), pages 81-97.
    3. Matheus Koengkan & Luciano Dias Losekann & José Alberto Fuinhas, 2019. "The relationship between economic growth, consumption of energy, and environmental degradation: renewed evidence from Andean community nations," Environment Systems and Decisions, Springer, vol. 39(1), pages 95-107, March.

    More about this item

    Keywords

    Carbon emissions; Energy consumption; Growth; Italy;
    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
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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