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Relation between emitted CO2, asset expenditures, produced energy from renewables and energy consumption. Evidence from Bulgaria

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  • Metodieva, Tsvetana Harizanova
  • Bartos, Hristina Harizanova

Abstract

The paper explores the relation between emitted CO2 in the atmosphere, asset expenditure, produced energy from renewables and energy consumption. ARDL model was developed on the basis of data for Bulgaria (2000 – 2018). As a whole the increase in asset expenditures leads to increase in emitted carbon dioxide in the short-run and in the long-run. The increase in the produced energy from renewables leads to decrease in the emitted carbon dioxide in a long-run, while in the short-run the relation is insignificant. In a short-run the energy consumption and emitted carbon dioxide are in a positive relation: the increase in energy consumption leads to increase in the emitted pollutant.

Suggested Citation

  • Metodieva, Tsvetana Harizanova & Bartos, Hristina Harizanova, 2020. "Relation between emitted CO2, asset expenditures, produced energy from renewables and energy consumption. Evidence from Bulgaria," MPRA Paper 106348, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:106348
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    References listed on IDEAS

    as
    1. Mohammad Hashem Pesaran & Yongcheol Shin & Richard J Smith, 1999. "Bounds Testing Approaches to the Analysis of Long Run Relationships," Edinburgh School of Economics Discussion Paper Series 46, Edinburgh School of Economics, University of Edinburgh.
    2. Usama Al-Mulali & Sakiru Solarin & Ilhan Ozturk, 2016. "Investigating the presence of the environmental Kuznets curve (EKC) hypothesis in Kenya: an autoregressive distributed lag (ARDL) approach," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 80(3), pages 1729-1747, February.
    3. Martínez-Zarzoso, Inmaculada & Maruotti, Antonello, 2011. "The impact of urbanization on CO2 emissions: Evidence from developing countries," Ecological Economics, Elsevier, vol. 70(7), pages 1344-1353, May.
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    More about this item

    Keywords

    ARDL model; emitted CO2; asset expenditures; produced energy from renewables; energy consumption.;
    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
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General

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