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Carbon Dioxide Emissions, Urbanization And Globalization: A Dynamic Panel Data

Author

Listed:
  • Nuno Carlos Leitão

    () (Polytechnic Institute of Santarém, and CEFAGE, University of Évora, Portugal)

  • Muhammad Shahbaz

    () (Department of Management Sciences, COMSATS Institute of Information Technology, Lahore, Pakistan)

Abstract

This study investigates the existence of environmental Kuznets curve (EKC) for carbon dioxide (CO2) emissions and its relationship with economic growth, energy consumption and globalization over the period of 1990-2010. We apply a dynamic panel data (GMM-system estimator) using the data of selected 18 countries. This estimator permits to solve the problems of serial correlation, heteroskedasticity and endogeneity for some explanatory variables. The environmental consequences of economic growth are according to environmental Kuznets (EKC) hypothesis. Globalization seems to be a main engine that provides a way to enhance production intensively by utilizing abundant domestic resources efficiently. The energy consumption has positive impact on CO2 emissions. Urbanization improves environmental quality by lowering CO2 emissions, i.e an inverted-U shaped relationship between urbanization and CO2 emissions.

Suggested Citation

  • Nuno Carlos Leitão & Muhammad Shahbaz, 2013. "Carbon Dioxide Emissions, Urbanization And Globalization: A Dynamic Panel Data," Economic Research Guardian, Weissberg Publishing, vol. 3(1), pages 22-32, June.
  • Handle: RePEc:wei:journl:v:3:y:2013:i:1:p:22-32
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    Citations

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    Cited by:

    1. Nuno Carlos Leitão, 2018. "Climate Change and Kuznets Curve: Portuguese Experience," Working Papers 2018.11, Fondazione Eni Enrico Mattei.
    2. Nuno Carlos Leitão & Muhammad Shahbaz, 2016. "Economic Growth, Tourism Arrivals and Climate Change," Bulletin of Energy Economics (BEE), The Economics and Social Development Organization (TESDO), vol. 4(1), pages 35-43, March.
    3. repec:eee:jpolmo:v:39:y:2017:i:6:p:1035-1051 is not listed on IDEAS
    4. Nuno Carlos Leitão, 2014. "Economic Growth, Carbon Dioxide Emissions, Renewable Energy and Globalization," International Journal of Energy Economics and Policy, Econjournals, vol. 4(3), pages 391-399.
    5. Nuno Carlos Leitão, 2015. "Energy Consumption and Foreign Direct Investment: A Panel Data Analysis for Portugal," International Journal of Energy Economics and Policy, Econjournals, vol. 5(1), pages 138-147.
    6. Muhammad Shahbaz & Smile Dube & Ilhan Ozturk & Abdul Jalil, 2015. "Testing the Environmental Kuznets Curve Hypothesis in Portugal," International Journal of Energy Economics and Policy, Econjournals, vol. 5(2), pages 475-481.
    7. repec:spr:empeco:v:54:y:2018:i:4:d:10.1007_s00181-017-1263-0 is not listed on IDEAS
    8. Mina Baliamoune-Lutz, 2017. "Trade and Environmental Quality in African Countries: Do Institutions Matter?," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 43(1), pages 155-172, January.
    9. Nayan, Sabri & Kadir, Norsiah & Ahmad, Mahyudin & Abdullah, Mat Saad, 2013. "Revisiting Energy Consumption and GDP: Evidence from Dynamic Panel Data Analysis," MPRA Paper 48714, University Library of Munich, Germany.

    More about this item

    Keywords

    Carbon Dioxide (CO2); Environmental Kuznets Curve (EKC); Economic Growth; Energy Consumption;

    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
    • F18 - International Economics - - Trade - - - Trade and Environment
    • 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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