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The Greenhouse Gas Emission in the EU: Var Analysis of the Relevant Variables

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  • Filip Kokotovic

    (University College of International Relations and Diplomacy Dag Hammarskjöld, Zagreb, Ilica 242, Croatia)

  • Petar Kurecic

    (University North, Department of Business Economics, Varaždin, 104. Brigade 3, Croatia)

  • Domagoj Cingula

    (Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia)

Abstract

This paper considers the relevance of a nexus of variables relevant to achieving the Sustainable Development Goals (SDGs) of the United Nations, as well as accomplishing the goals of the Paris Agreement. It empirically considers the 28 European Union (EU) member states, dividing them into three panels based upon the time of their accession to full EU membership. The empirical analysis consists of unit root tests, a Vector Autoregressive (VAR) framework, Granger causality test, and diagnostic tests. Based on the empirical results, there are significant differences between the post-transitional and original EU member states. This difference is most notable in the fact that only in the panel of countries that have acceded to the EU after 2004 there is a statistically significant link between energy consumption and the greenhouse gas emission. We, therefore, conclude that while not all EU member states exhibit signs of environmental imbalances, there still are significant differences between the EU 15 and the states that have acceded to full membership after 2004.

Suggested Citation

  • Filip Kokotovic & Petar Kurecic & Domagoj Cingula, 2016. "The Greenhouse Gas Emission in the EU: Var Analysis of the Relevant Variables," International Journal of Management Science and Business Administration, Inovatus Services Ltd., vol. 2(9), pages 37-46, August.
    • Handle: RePEc:mgs:ijmsba:v:2:y:2016:i:9:p:37-46
    DOI: 10.18775/ijmsba.1849-5664-5419.2014.29.1004
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    References listed on IDEAS

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