Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2056069
Novel research methods on evaluating the nexus between energy consumption, economic growth and environment: evidence from China
Bo Feng
Sažetak
Since the debate concerning economic growth, energy consumption, and environmental degradation is a burning issue in the last
few decades. Yet the outcomes are controversial and requires
more empirical work. This study used novel research methods to
investigate the said issue in case of China since is the leading
energy importing and pollution emitting economy. The time series data covers the period from 1969 to 2018 is analyzed via
employing the novel Quantile-on-Quantile regression methods.
The estimated results unveil that fossil fuel consumption significantly enhances carbon emissions in the country in the lower and
middle quantiles. Besides, the economic growth showed an
inverted U-shaped impact on the carbon emissions, where the
lower-medium quantiles showed positive and the upper quantiles
exhibit negative impact on carbon emissions. Besides, the positive
association between economic growth and fossil fuel emissions
are also evident in the analysis. The Granger causality indicates
that there is a bidirectional causality between the study variables
– validating that economic growth and fossil fuel consumption
are the primary sources of increased emissions level. On the basis
of empirical results, this study suggests the adoption of energy
efficient/saving products and services, diverting economic growth
to renewable and environmentally friendly energy resources,
technological innovation and increased investment in the
research and development to reduce dependency on fossil fuel
energy consumption and attain low carbon economy.
Ključne riječi
Economic growth; fossil fuel consumption; carbon emissions; quantile-onquantile regression; granger causality
Hrčak ID:
303029
URI
Datum izdavanja:
31.3.2023.
Posjeta: 146 *