Japan energy mix and economic growth nexus: Focus on natural gas consumption

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62690094%3A18450%2F24%3A50020364" target="_blank" >RIV/62690094:18450/24:50020364 - isvavai.cz</a>

Výsledek na webu

<a href="https://journals.sagepub.com/doi/10.1177/0958305X221130460" target="_blank" >https://journals.sagepub.com/doi/10.1177/0958305X221130460</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.1177/0958305X221130460" target="_blank" >10.1177/0958305X221130460</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Japan energy mix and economic growth nexus: Focus on natural gas consumption

Popis výsledku v původním jazyce

Japan&apos;s recent enunciation of a &quot;Free and Open Indo-Pacific&quot; policy aims to promote principles such as free trade, freedom of navigation, and encouraging economic prosperity with building commitment to stability and peace connecting the economic hub of Asia to Africa (MFA, 2019). Natural gas use continues to dominate Japan&apos;s energy mix despite efforts to improve environmental protection and attain the Sustainable Development Goals (SDGs). Also, increasing production and investment typically leads to a better quality of life and more disposable income for the populace, which promotes economic growth. To this end, the study investigates the relationship between economic growth, trade openness, and natural gas consumption, as well as gross fixed capital formation and carbon dioxide emissions to overcome omitted variable problems to explore the natural gas-economic growth hypothesis in Japan over the period 1980-2020. Empirical results reveal a long-run relationship among the variables under consideration. By applying the Toda and Yamamoto approach to Granger causality testing, a two-sided causality running from CO2 and economic growth was revealed, while a one-sided causality from economic growth to natural gas consumption. This outcome suggests that the natural gas-economic growth hypothesis is not valid for Japan. According to these outcomes, policymakers in the energy sector should consciously diversify their energy portfolio in line with the Sustainable Development Goals (SDGs) for Japan. Also, it is recommended that there should be a provision of access to skilled labor to increase productivity and export finished products to boost a nation&apos;s economy.

Název v anglickém jazyce

Japan energy mix and economic growth nexus: Focus on natural gas consumption

Popis výsledku anglicky

Japan&apos;s recent enunciation of a &quot;Free and Open Indo-Pacific&quot; policy aims to promote principles such as free trade, freedom of navigation, and encouraging economic prosperity with building commitment to stability and peace connecting the economic hub of Asia to Africa (MFA, 2019). Natural gas use continues to dominate Japan&apos;s energy mix despite efforts to improve environmental protection and attain the Sustainable Development Goals (SDGs). Also, increasing production and investment typically leads to a better quality of life and more disposable income for the populace, which promotes economic growth. To this end, the study investigates the relationship between economic growth, trade openness, and natural gas consumption, as well as gross fixed capital formation and carbon dioxide emissions to overcome omitted variable problems to explore the natural gas-economic growth hypothesis in Japan over the period 1980-2020. Empirical results reveal a long-run relationship among the variables under consideration. By applying the Toda and Yamamoto approach to Granger causality testing, a two-sided causality running from CO2 and economic growth was revealed, while a one-sided causality from economic growth to natural gas consumption. This outcome suggests that the natural gas-economic growth hypothesis is not valid for Japan. According to these outcomes, policymakers in the energy sector should consciously diversify their energy portfolio in line with the Sustainable Development Goals (SDGs) for Japan. Also, it is recommended that there should be a provision of access to skilled labor to increase productivity and export finished products to boost a nation&apos;s economy.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

10511 - Environmental sciences (social aspects to be 5.7)

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

ENERGY &amp; ENVIRONMENT

ISSN

0958-305X

e-ISSN

2048-4070

Svazek periodika

35

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

GB - Spojené království Velké Británie a Severního Irska

Počet stran výsledku

33

Strana od-do

692-724

Kód UT WoS článku

000875090500001

EID výsledku v databázi Scopus

2-s2.0-85141016054