IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Log in (now much improved!) to save this article

Studying the relationship between economic growth, CO2 emissions, and the environmental Kuznets curve in Venezuela (1980–2025)

Listed author(s):
  • Robalino-López, Andrés
  • Mena-Nieto, Ángel
  • García-Ramos, José-Enrique
  • Golpe, Antonio A.

This work tries to determine whether it is possible to stabilize CO2 emissions under a rapid increase of Gross Domestic Product in a medium term. The paper is an effort to study in detail how changes in the driving forces of the economy affect CO2 emissions. We study the case of Venezuela for the period 1980–2025, using the methodology proposed by Robalino-López et al. (2014, 2013) [1,2], which is based on an extension of the Kaya identity and on a GDP formation approach that includes the effect of renewable energies. We test the environmental Kuznets curve (EKC) [3] hypothesis in a coming future under different economic scenarios considering, therefore, not only past data but also projections for the coming years. We use cointegration techniques [4] and the Jaunky (2011) [5] specification to test the fulfillment of the EKC hypothesis in Venezuela. Our predictions show that Venezuela does not fulfill the EKC hypothesis, but however, the country could be on the way to achieve environmental stabilization in the medium term. This stabilization could be accomplished combining economic growth with increasing use of renewable energy, appropriated changes in the energy matrix, and in the productive sectoral structure.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.sciencedirect.com/science/article/pii/S1364032114007679
Download Restriction: Full text for ScienceDirect subscribers only

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Article provided by Elsevier in its journal Renewable and Sustainable Energy Reviews.

Volume (Year): 41 (2015)
Issue (Month): C ()
Pages: 602-614

as
in new window

Handle: RePEc:eee:rensus:v:41:y:2015:i:c:p:602-614
DOI: 10.1016/j.rser.2014.08.081
Contact details of provider: Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/description#description

Order Information: Postal: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic
Web: http://www.elsevier.com/wps/find/journaldescription.cws_home/600126/bibliographic

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as
in new window


  1. Halicioglu, Ferda, 2009. "An econometric study of CO2 emissions, energy consumption, income and foreign trade in Turkey," Energy Policy, Elsevier, vol. 37(3), pages 1156-1164, March.
  2. Pierre Perron & Serena Ng, 1996. "Useful Modifications to some Unit Root Tests with Dependent Errors and their Local Asymptotic Properties," Review of Economic Studies, Oxford University Press, vol. 63(3), pages 435-463.
  3. Kwiatkowski, D. & Phillips, P.C.B. & Schmidt, P., 1992. "Testing for Stationarity in the Components Representation of a Time Series," Econometric Theory, Cambridge University Press, vol. 8(04), pages 586-591, December.
  4. Pasten, Roberto & Figueroa B., Eugenio, 2012. "The Environmental Kuznets Curve: A Survey of the Theoretical Literature," International Review of Environmental and Resource Economics, now publishers, vol. 6(3), pages 195-224, December.
  5. Serena Ng & Pierre Perron, 2001. "LAG Length Selection and the Construction of Unit Root Tests with Good Size and Power," Econometrica, Econometric Society, vol. 69(6), pages 1519-1554, November.
  6. Padilla, Emilio & Serrano, Alfredo, 2006. "Inequality in CO2 emissions across countries and its relationship with income inequality: A distributive approach," Energy Policy, Elsevier, vol. 34(14), pages 1762-1772, September.
  7. Stern, David I., 2004. "The Rise and Fall of the Environmental Kuznets Curve," World Development, Elsevier, vol. 32(8), pages 1419-1439, August.
  8. Jaunky, Vishal Chandr, 2011. "The CO2 emissions-income nexus: Evidence from rich countries," Energy Policy, Elsevier, vol. 39(3), pages 1228-1240, March.
  9. Bautista, Santiago, 2012. "A sustainable scenario for Venezuelan power generation sector in 2050 and its costs," Energy Policy, Elsevier, vol. 44(C), pages 331-340.
  10. Chontanawat, Jaruwan & Hunt, Lester C. & Pierse, Richard, 2008. "Does energy consumption cause economic growth?: Evidence from a systematic study of over 100 countries," Journal of Policy Modeling, Elsevier, vol. 30(2), pages 209-220.
  11. Newey, Whitney & West, Kenneth, 2014. "A simple, positive semi-definite, heteroscedasticity and autocorrelation consistent covariance matrix," Applied Econometrics, Publishing House "SINERGIA PRESS", vol. 33(1), pages 125-132.
  12. Cowan, Wendy N. & Chang, Tsangyao & Inglesi-Lotz, Roula & Gupta, Rangan, 2014. "The nexus of electricity consumption, economic growth and CO2 emissions in the BRICS countries," Energy Policy, Elsevier, vol. 66(C), pages 359-368.
  13. Lise, Wietze, 2006. "Decomposition of CO2 emissions over 1980-2003 in Turkey," Energy Policy, Elsevier, vol. 34(14), pages 1841-1852, September.
  14. Al-mulali, Usama & Fereidouni, Hassan Gholipour & Lee, Janice Y.M., 2014. "Electricity consumption from renewable and non-renewable sources and economic growth: Evidence from Latin American countries," Renewable and Sustainable Energy Reviews, Elsevier, vol. 30(C), pages 290-298.
  15. Shahbaz, Muhammad & Mutascu, Mihai & Azim, Parvez, 2013. "Environmental Kuznets curve in Romania and the role of energy consumption," Renewable and Sustainable Energy Reviews, Elsevier, vol. 18(C), pages 165-173.
  16. Gene M. Grossman & Alan B. Krueger, 1995. "Economic Growth and the Environment," The Quarterly Journal of Economics, Oxford University Press, vol. 110(2), pages 353-377.
  17. Esteve, Vicente & Tamarit, Cecilio, 2012. "Is there an environmental Kuznets curve for Spain? Fresh evidence from old data," Economic Modelling, Elsevier, vol. 29(6), pages 2696-2703.
  18. Shahbaz, Muhammad & Lean, Hooi Hooi & Shabbir, Muhammad Shahbaz, 2012. "Environmental Kuznets Curve hypothesis in Pakistan: Cointegration and Granger causality," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(5), pages 2947-2953.
  19. Ang, B. W., 2005. "The LMDI approach to decomposition analysis: a practical guide," Energy Policy, Elsevier, vol. 33(7), pages 867-871, May.
  20. Robalino-López, Andrés & García-Ramos, José-Enrique & Golpe, Antonio A. & Mena-Nieto, Ángel, 2014. "System dynamics modelling and the environmental Kuznets curve in Ecuador (1980–2025)," Energy Policy, Elsevier, vol. 67(C), pages 923-931.
  21. Stock, James H & Watson, Mark W, 1993. "A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems," Econometrica, Econometric Society, vol. 61(4), pages 783-820, July.
  22. Pietrosemoli, Licia & Rodríguez Monroy, Carlos, 2013. "The impact of sustainable construction and knowledge management on sustainability goals. A review of the Venezuelan renewable energy sector," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 683-691.
  23. Hyndman, Rob J. & Koehler, Anne B., 2006. "Another look at measures of forecast accuracy," International Journal of Forecasting, Elsevier, vol. 22(4), pages 679-688.
  24. Ibrahim, Mansor H. & Law, Siong Hook, 2014. "Social capital and CO2 emission—output relations: A panel analysis," Renewable and Sustainable Energy Reviews, Elsevier, vol. 29(C), pages 528-534.
  25. Dinda, Soumyananda, 2004. "Environmental Kuznets Curve Hypothesis: A Survey," Ecological Economics, Elsevier, vol. 49(4), pages 431-455, August.
  26. Lee, Chien-Chiang, 2005. "Energy consumption and GDP in developing countries: A cointegrated panel analysis," Energy Economics, Elsevier, vol. 27(3), pages 415-427, May.
  27. Panayotou T., 1993. "Empirical tests and policy analysis of environmental degradation at different stages of economic development," ILO Working Papers 992927783402676, International Labour Organization.
  28. Kuntsi-Reunanen, E., 2007. "A comparison of Latin American energy-related CO2 emissions from 1970 to 2001," Energy Policy, Elsevier, vol. 35(1), pages 586-596, January.
  29. Shafik, Nemat & Bandyopadhyay, Sushenjit, 1992. "Economic growth and environmental quality : time series and cross-country evidence," Policy Research Working Paper Series 904, The World Bank.
  30. Chien, Taichen & Hu, Jin-Li, 2008. "Renewable energy: An efficient mechanism to improve GDP," Energy Policy, Elsevier, vol. 36(8), pages 3035-3042, August.
  31. Toshihiko Masui, Tatsuya Hanaoka, Saeko Hikita, and Mikiko Kainuma, 2006. "Assessment of CO2 Reductions and Economic Impacts Considering Energy-Saving Investments," The Energy Journal, International Association for Energy Economics, vol. 0(Special I), pages 175-190.
  32. Chien, Taichen & Hu, Jin-Li, 2007. "Renewable energy and macroeconomic efficiency of OECD and non-OECD economies," Energy Policy, Elsevier, vol. 35(7), pages 3606-3615, July.
Full references (including those not matched with items on IDEAS)

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:eee:rensus:v:41:y:2015:i:c:p:602-614. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Dana Niculescu)

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.