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
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50702 - Urban studies (planning and development)
Result continuities
Project
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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
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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