Journal
ENERGY POLICY
Volume 39, Issue 9, Pages 4870-4875Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.enpol.2011.06.032
Keywords
Carbon dioxide emissions; Energy consumption; Economic growth
Funding
- National Social Science Foundation of China [08ZD046]
- National Natural Science Foundation of China [71041008, 41071348]
- Jiangsu Qing Lan Project
- NUAA [NR2010009]
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This paper examines the causal relationships between carbon dioxide emissions, energy consumption and real economic output using panel cointegration and panel vector error correction modeling techniques based on the panel data for 28 provinces in China over the period 1995-2007. Our empirical results show that CO2 emissions, energy consumption and economic growth have appeared to be cointegrated. Moreover, there exists bidirectional causality between CO2 emissions and energy consumption, and also between energy consumption and economic growth. It has also been found that energy consumption and economic growth are the long-run causes for CO2 emissions and CO2 emissions and economic growth are the long-run causes for energy consumption. The results indicate that China's CO2 emissions will not decrease in a long period of time and reducing CO2 emissions may handicap China's economic growth to some degree. Some policy implications of the empirical results have finally been proposed. (C) 2011 Elsevier Ltd. All rights reserved.
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