Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)

By A. Robalino-López, Angel Mena-Nieto, J. García-Ramos, Antonio A. Golpe. 2015

170 citations recorded by the source corpus.

This work tries to determine whether it is possible to stabilize CO2 emissions under a rapid increase of Gross Domestic Product in a medium term. The paper is an effort to study in detail how changes in the driving forces of the economy affect CO2 emissions. We study the case of Venezuela for the period 1980–2025, using the methodology proposed by Robalino-Lopez et al. (2014, 2013) [1,2], which is based on an extension of the Kaya identity and on a GDP formation approach that includes the effect of renewable energies. We test the environmental Kuznets curve (EKC) [3] hypothesis in a coming future under different economic scenarios considering, therefore, not only past data but also projections for the coming years. We use cointegration techniques [4] and the Jaunky (2011) [5] specification to test the fulfillment of the EKC hypothesis in Venezuela. Our predictions show that Venezuela does not fulfill the EKC hypothesis, but however, the country could be on the way to achieve environmental stabilization in the medium term. This stabilization could be accomplished combining economic growth with increasing use of renewable energy, appropriated changes in the energy matrix, and in the productive sectoral structure.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/4006377f296a5a53c285342aecc278b94b6e4455

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Citations in the corpus

Environmental degradation in France: The effects of FDI, financial development, and energy innovations (2018, unknown): “(2010) found for France, Saboori et al. (2012, 2016) for Malaysia, Al-Mulali et al. (2015) for Vietnam, and Shahbaz et al. (2017b) for the US. The relationship between financial development and carbon emissions is negative, and it is statistically significant at the 1% level. It implies that financi”
Revisiting the role of renewable and non-renewable energy consumption on Turkey’s ecological footprint: Evidence from Quantile ARDL approach (2020, result): “The results are consistent with the studies of [64, 65, 66, 67, 68, 69, 70].”
A test of environmental Kuznets curve (EKC) for carbon emission and potential of renewable energy to reduce green house gases (GHG) in Malaysia (2018, background): “Some recent studies like Halicioglu (2009), Hossain (2011), Jayanthakumaran et al. (2012), Pao and Tsai (2011), Robalino-López et al. (2015), Soytas and Sari (2003), Soytas et al. (2007), Zeshan and Ahmed (2013) and Zhang and Cheng (2009) also investigated the dynamic relation between income…”
Time-Varying Analysis of CO2 Emissions, Energy Consumption, and Economic Growth Nexus: Statistical Experience in Next 11 Countries (2016, background): “Another branch of recent studies that include Robalino-Lopez et al. (2013), and Robalino-Lopez et al. (2015) use time series techniques and do not find the existence of the EKC hypothesis for Ecuador and Venezuela.”