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Interactions among energy consumption, CO2, and economic development in European Union countries

The result's identifiers

  • Result code in IS VaVaI

    <a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216275%3A25410%2F20%3A39916067" target="_blank" >RIV/00216275:25410/20:39916067 - isvavai.cz</a>

  • Result on the web

    <a href="https://onlinelibrary.wiley.com/doi/abs/10.1002/sd.2023" target="_blank" >https://onlinelibrary.wiley.com/doi/abs/10.1002/sd.2023</a>

  • DOI - Digital Object Identifier

    <a href="http://dx.doi.org/10.1002/sd.2023" target="_blank" >10.1002/sd.2023</a>

Alternative languages

  • Result language

    angličtina

  • Original language name

    Interactions among energy consumption, CO2, and economic development in European Union countries

  • Original language description

    Sustainable development has become a major problem in European Union (EU) countries. This has prompted many researchers to examine a broad range of interactions among sustainable development indicators. This study uses the variance decomposition and cointegration approach to assess the causal relationship among energy consumption, CO2 emissions, and economic development (gross domestic product [GDP], foreign direct investment [FDI], net exports, and employment in industry) in the eight new and 15 old EU countries. The results confirm the existence of at least long-run equilibrium relationships among economic growth and energy consumption, CO2, FDI, and net exports. In addition, short-run bidirectional causality among GDP, energy consumption, and CO2 emissions is found for the old EU countries, whereas unidirectional causalities run from GDP to energy consumption and CO2 emissions in the new EU countries. Evidence from the variance decomposition analysis shows that 22% of the future shock in GDP is due to fluctuations in energy consumption, CO2, and employment in the old EU countries, whereas 53.1% emanates from CO2, employment, and FDI in the new EU countries. These findings have potentially important implications for sustainable development and environmental policy in both old and new EU countries.

  • Czech name

  • Czech description

Classification

  • Type

    J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database

  • CEP classification

  • OECD FORD branch

    50702 - Urban studies (planning and development)

Result continuities

  • Project

  • Continuities

    S - Specificky vyzkum na vysokych skolach

Others

  • Publication year

    2020

  • Confidentiality

    S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Data specific for result type

  • Name of the periodical

    Sustainable Development

  • ISSN

    0968-0802

  • e-ISSN

  • Volume of the periodical

    28

  • Issue of the periodical within the volume

    4

  • Country of publishing house

    US - UNITED STATES

  • Number of pages

    18

  • Pages from-to

    723-740

  • UT code for WoS article

    000499660900001

  • EID of the result in the Scopus database

    2-s2.0-85076136898