Energy consumption, CO2 emissions and economic growth in developed, emerging and Middle East and North Africa countries

By Bashir Muhammad. Energy, 2019

352 citations recorded by the source corpus.

Abstract The objective of this research is to examine the effect of economic growth, energy consumption and CO2 emissions on each other for a panel of 68 countries. I used panel data from 68 countries over the period 2001–2017 for developed, emerging and the Middle East and North Africa (MENA) countries. I applied seemingly unrelated regression (SUR) and dynamic models estimated through means of the generalized method of moments (GMM) and System generalized method of moments (Sys GMM) for data analysis. The estimated empirical results indicates that economic growth increase with increase in energy consumption in developed and emerging countries while declined in MENA countries; CO2 emissions increase in all countries due to increase in energy consumption. Energy consumption increase in all countries but economic growth increase in all countries except MENA due to increase in CO2 emissions. The CO2 emissions increase while the energy consumption decrease in developed and MENA countries but energy consumption increase and CO2 emissions decrease in emerging countries due to increase in economic growth. Based on the estimated results it is recommended that the policy maker in these countries should adopt such strategies that should focus to adopt environmentally friendly technologies to decrease the CO2 emissions.

Subfields: Economics and Econometrics, Health, Toxicology and Mutagenesis, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/19a1d37171475a468cfb569d01e1aec3c29794b5

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Muntasir Murshed
2. Umer Shahzad
3. Zeeshan Khan
4. Fujun Hou
5. Irfan Khan
6. Buhari Doğan
7. Avik Sinha
8. Z. Fareed

In Health, Toxicology and Mutagenesis

1. Zeeshan Khan
2. Irfan Khan
3. Avik Sinha
4. Buhari Doğan
5. Muntasir Murshed
6. Fujun Hou
7. Umer Shahzad
8. Z. Fareed

In Renewable Energy, Sustainability and the Environment

1. Zeeshan Khan
2. Umer Shahzad
3. Muntasir Murshed
4. Avik Sinha
5. Fujun Hou
6. Irfan Khan
7. Siqun Yang
8. Buhari Doğan

Citations in the corpus

• Does Export product diversification help to reduce energy demand: Exploring the contextual evidences from the newly industrialized countries (2021, methodology): “We apply the system GMM estimator with forward differenced equations, by considering the lags of instrumental variables which is helpful to avoid endogeneity and reverse causality issues (Muhammad, 2019; Shahzad et al., 2020).”
• The roles of export diversification and composite country risks in carbon emissions abatement: evidence from the signatories of the regional comprehensive economic partnership agreement (2021, background): “Concerning the energy consumption-CO2 emission nexus, a growing body of studies has found that an increase in energy consumption can affect changes in CO2 emissions (Dong, Dong, and Jiang 2020; Muhammad 2019; Valadkhani, Smyth, and Nguyen 2019).”
• The Impact of Socio-economic and Environmental Sustainability on CO2 Emissions: A Novel Framework for Thirty IEA Countries (2021, result): “2021), but our results are contrary to the findings of Ben Jebli and Belloumi (2017) and Muhammad (2019), which suggest that economic growth is adversely associated with CO2 emissions.”