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CO2 Emissions, Energy Consumption, Economic Growth, Trade, and Urbanization in Greece

In: Advances in Longitudinal Data Methods in Applied Economic Research

Author

Listed:
  • Pavlos Stamatiou

    (University of Western Macedonia)

  • Chaido Dritsaki

    (University of Western Macedonia)

  • Dimitrios Niklis

    (University of Western Macedonia)

Abstract

The objective of this study is to explore the relationship between energy consumption, carbon dioxide (CO2) emissions, urbanization, trade, and economic growth of Greece, in the environmental Kuznets curve (EKC) model, for the period 2000–2017. We investigate this relationship using the vector error correction model (VECM) and we employ the Granger causality technique in order to explore the presence of causality among the examined variables. The long-run results confirm bidirectional causal relationships between economic growth and CO2 emissions, as well as between CO2 emissions and trade openness. In addition, there exist unidirectional Granger causalities that run from energy consumption to trade and from urbanization to CO2 emissions. In the short run, the results reveal that there is a causal relationship between economic growth and urbanization, with direction from economic growth and urbanization. The Greek government is advised to emphasize on the use of renewable energy and clean technologies of renewable energy in order to achieve lower levels of emissions.

Suggested Citation

  • Pavlos Stamatiou & Chaido Dritsaki & Dimitrios Niklis, 2021. "CO2 Emissions, Energy Consumption, Economic Growth, Trade, and Urbanization in Greece," Springer Proceedings in Business and Economics, in: Nicholas Tsounis & Aspasia Vlachvei (ed.), Advances in Longitudinal Data Methods in Applied Economic Research, pages 379-389, Springer.
    • Handle: RePEc:spr:prbchp:978-3-030-63970-9_26
    DOI: 10.1007/978-3-030-63970-9_26
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    More about this item

    Keywords

    CO2 emissions; Economic growth; Energy consumption; Trade; Urbanization; Causality test;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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