Does Domestic Investment Have a Role in An Economy? An Analysis of the Connection Between CO2 Energy and Growth in the US and Canada

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F24%3A43925854" target="_blank" >RIV/62156489:43110/24:43925854 - isvavai.cz</a>

Výsledek na webu

<a href="https://doi.org/10.23762/FSO_VOL12_NO3_2" target="_blank" >https://doi.org/10.23762/FSO_VOL12_NO3_2</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.23762/FSO_VOL12_NO3_2" target="_blank" >10.23762/FSO_VOL12_NO3_2</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Does Domestic Investment Have a Role in An Economy? An Analysis of the Connection Between CO2 Energy and Growth in the US and Canada

Popis výsledku v původním jazyce

This study examines the relationship between domestic investment, economic growth, and carbon dioxide (CO2) emissions in the United States and Canada from 1990 to 2021 using ARDL bound testing. The findings reveal a long-run relationship between the variables in both countries. In the US, short-run results show a positive link between domestic investment and CO2 emissions, while economic growth has no significant impact. In the long run, only domestic investment positively influences CO2 emissions. Other factors such as trade openness exhibit positive short-run effects but long-run negative relationships with CO2 emissions, while fossil fuel consumption positively impacts emissions. Granger causality tests reveal bidirectional links between fossil fuel consumption and CO2 emissions, and a unidirectional causality from trade openness to CO2 emissions in the US economy. In Canada, positive short- and long-term connections exist between domestic investment and CO2 emissions. FDI and economic growth exhibit mixed short-run effects on emissions but positive long-term impacts. Fossil fuel consumption negatively affects emissions in both the short and long term, while trade openness shows a positive long-term effect. The findings stress the need for targeted policies to balance economic growth, investments, and environmental sustainability, including promoting renewable energy, sustainable trade, and clean technologies.

Název v anglickém jazyce

Does Domestic Investment Have a Role in An Economy? An Analysis of the Connection Between CO2 Energy and Growth in the US and Canada

Popis výsledku anglicky

This study examines the relationship between domestic investment, economic growth, and carbon dioxide (CO2) emissions in the United States and Canada from 1990 to 2021 using ARDL bound testing. The findings reveal a long-run relationship between the variables in both countries. In the US, short-run results show a positive link between domestic investment and CO2 emissions, while economic growth has no significant impact. In the long run, only domestic investment positively influences CO2 emissions. Other factors such as trade openness exhibit positive short-run effects but long-run negative relationships with CO2 emissions, while fossil fuel consumption positively impacts emissions. Granger causality tests reveal bidirectional links between fossil fuel consumption and CO2 emissions, and a unidirectional causality from trade openness to CO2 emissions in the US economy. In Canada, positive short- and long-term connections exist between domestic investment and CO2 emissions. FDI and economic growth exhibit mixed short-run effects on emissions but positive long-term impacts. Fossil fuel consumption negatively affects emissions in both the short and long term, while trade openness shows a positive long-term effect. The findings stress the need for targeted policies to balance economic growth, investments, and environmental sustainability, including promoting renewable energy, sustainable trade, and clean technologies.

Druh

J_SC - Článek v periodiku v databázi SCOPUS

CEP obor

—

OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

—

Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2024

Kód důvěrnosti údajů

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

Název periodika

Forum Scientiae Oeconomia

ISSN

2300-5947

e-ISSN

2353-4435

Svazek periodika

12

Číslo periodika v rámci svazku

3

Stát vydavatele periodika

PL - Polská republika

Počet stran výsledku

26

Strana od-do

25-50

Kód UT WoS článku

—

EID výsledku v databázi Scopus

2-s2.0-85207387778