期刊
RENEWABLE & SUSTAINABLE ENERGY REVIEWS
卷 16, 期 7, 页码 4365-4369出版社
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.rser.2012.05.017
关键词
Energy consumption; CO2 emission; Economic development; Financial development; Panel data analysis
This study investigated the impact of energy consumption on the economic and financial development in 19 countries. These countries were selected due to the fact that the financial development indicators contribute an important share to their total GDP. The panel model was employed taking the period of 1980 to 2008. The results show that energy consumption enables these countries to achieve high economic and financial development. However, the high development that these countries have achieved in the late three decades increased the CO2 emission. It is important that these countries should reduce the level of pollution through utilizing energy protection policies, such as rationing energy consumption and controlling carbon dioxide emissions or increasing the share of clean energy of their total energy consumption. (c) 2012 Elsevier Ltd. All rights reserved.
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