Energy intensity, carbon emissions, renewable energy, and economic growth nexus: New insights from Romania

By Fırat Emir, F. Bekun. Energy and the Environment, 2018

230 citations recorded by the source corpus.

This study empirically examines the relationship between energy intensity, carbon emissions, renewable energy consumption, and economic growth for the case of Romania given the conflicting evidences in the literature between 1990 and 2014 on a quarterly basis. To this end, our study employs an autoregressive distributive lag (ARDL) model for cointegration, while direction of causality was achieved via the Toda–Yamamoto model. Empirical findings reveal cointegration among the variables under consideration. The causality results show feedback causality between energy intensity and economic growth while uni-directional causality is seen running from renewable energy consumption to economic growth. Thus, this study affirms the energy-led growth hypothesis. Therefore, our study corroborates with the current success story of Romania attaining her energy targets within two decades. However, there is need to sustain this milestone by further diversification of her energy portfolio into other cleaner energy sources.

Subfields: Economics and Econometrics, Pollution, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/cc433f806d7e0ba61c48491abf6dcefb40872da3

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In Economics and Econometrics

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Citations in the corpus

Dynamic impact of trade policy, economic growth, fertility rate, renewable and non-renewable energy consumption on ecological footprint in Europe. (2019, background): “…al., 2019a), more attention has been given to the environmental responses from the population dynamics, energy usage, economic growth, and several other notable factors (Akadiri et al., 2019, Alola and Alola, 2018; Emir and Bekun, 2018; Sarkodie, 2018; Shahbaz and Sinha, 2019; Wang and Dong, 2019).”