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Energy consumption, economic growth and greenhouse gas emissions in the European Union countries

The Journal of Business Economics and Management

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Field Value
 
Title Energy consumption, economic growth and greenhouse gas emissions in the European Union countries
 
Creator Lapinskienė, Giedrė
Peleckis, Kęstutis
Slavinskaitė, Neringa
 
Subject greenhouse gases
energy consumption
gross domestic product
environmental Kuznets curve
European Union countries
fixed effect panel model
 
Description This paper investigates the relationship between economic growth, greenhouse gas emissions and other factors based on the panel data of 22 countries of the EU in the period 1995–2014. The fixed effect panel model was used as a framework for the analysis. The novel contribution of this paper is that the factors of economic growth, energy consumption, energy taxes as well as R&D were tested in one expanded EKC model, including the data of three Baltic States. The regression coefficients referring to GDP, Energy consumption have a positive sign, while R&D and Energy taxes have a negative sign. The empirical analysis combines two steps of evaluation of panel models of different groups of countries. The results imply that the analysed factors (energy consumption, energy taxes as well as R&D) can be applied to adjust the EKC trend in the region and might be useful for the climate change policy adjustment.
 
Publisher VGTU Press Technika
 
Date 2017-12-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://journals.vgtu.lt/index.php/JBEM/article/view/1150
10.3846/16111699.2017.1393457
 
Source Journal of Business Economics and Management; Vol 18 No 6 (2017); 1082-1097
2029-4433
1611-1699
 
Language eng
 
Relation https://journals.vgtu.lt/index.php/JBEM/article/view/1150/893
 
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