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Causality among CO 2 emissions, energy consumption and economic growth in Italy

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  • Pavlos Stamatiou
  • Nikolaos Dritsakis

Abstract

The aim of this paper is to investigate the relationship between CO2 emissions (carbon dioxide emissions), energy consumption and economic growth in Italy, using annual data covering the period 1960-2011. The unit root tests results indicated that the variables are not stationary in levels but in their first differences. Subsequently, the Johansen cointegration test showed that there is a cointegrated vector between the examined variables. The vector error correction model (VECM) is used in order to find the causality relations among the variables. The empirical results of the study revealed that both in the short and long run there is a strong unidirectional causality relation between economic growth and CO2emissions with direction from economic growth to CO2 emissions. Finally, the impulse response functions indicated that a reduction in CO2 emissions has a positive effect on energy consumption, while it causes a decrease in economic growth.

Suggested Citation

  • Pavlos Stamatiou & Nikolaos Dritsakis, 2019. "Causality among CO 2 emissions, energy consumption and economic growth in Italy," International Journal of Computational Economics and Econometrics, Inderscience Enterprises Ltd, vol. 9(4), pages 268-286.
    • Handle: RePEc:ids:ijcome:v:9:y:2019:i:4:p:268-286
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    Cited by:

    1. Mohd Shahidan Shaari & Noorazeela Zainol Abidin & Zulkefly Abdul Karim, 2020. "The Impact of Renewable Energy Consumption and Economic Growth on CO2 Emissions: New Evidence using Panel ARDL Study of Selected Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(6), pages 617-623.
    2. Stamatiou, Pavlos & Dritsaki, Chaido, 2019. "The Phillips Curve: Unemployment Dynamics and Nairu Estimates of Poland’s Economy," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(3), pages 281-312.
    3. Yao Hongxing & Olivier Joseph Abban & Alex Dankyi Boadi, 2021. "Foreign aid and economic growth: Do energy consumption, trade openness and CO2 emissions matter? A DSUR heterogeneous evidence from Africa’s trading blocs," PLOS ONE, Public Library of Science, vol. 16(6), pages 1-25, June.

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