Friday, August 18th, 2017

Modeling the CO2 emissions, energy use, and economic growth in Russia

Publication year: 2011brbSource:/b Energy, In Press, Corrected Proof, Available online 2 July 2011brHsiao-Tien, Pao , Hsiao-Cheng, Yu , Yeou-Herng, YangbrThis paper applies the co-integration technique and causality test to examine the dynamic relationships between pollutant emissions, energy use, and real output during the period between 1990 and 2007 for Russia. The empirical results show that in the long-run equilibrium, emissions appear to be energy use elastic and output inelastic. This elasticity suggests high energy use responsiveness to changes in emissions. The output exhibits a negative significant impact on emissions and does not support EKC hypothesis. These indicate that both economic growth and energy conservation policies can reduce emissions and no negative impact on economic development. The causality results indicate…br Highlights: ► In Russia, emissions are energy use elastic and real output inelastic, but energy is a more important determinant of emissions than output. ► In Russia, the real output exhibits a negative significant impact on emissions and does not support EKC hypothesis. ► In Russia, there is a bidirectional strong causality relationship between emissions, energy use and output. ► In Russia, the average speed of a short-run adjustment to restore long-run equilibrium is about 0.26 years. ► In Russia, the energy conservation is expected to improve energy efficiency, thereby promoting economic growth.


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