CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach
One of the most discussed topics of Environmental economics is the choice of the appropriate functional form to examine the income-environmental impact relationship. Since the developing economies encounter different development stages, the use of relevant specification and technique gains special i...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Czech Statistical Office
2020-06-01
|
| Series: | Statistika: Statistics and Economy Journal |
| Subjects: | |
| Online Access: | https://www.czso.cz/documents/10180/125507863/320197_20_154_Mykayilov.pdf/7e9e1818-4406-4b6a-8a1c-22df93ba6ded?version=1.0 |
| _version_ | 1818443905167785984 |
|---|---|
| author | Jeyhun I. Mikayilov Nicholas Apergis Fakhri J. Hasanov |
| author_facet | Jeyhun I. Mikayilov Nicholas Apergis Fakhri J. Hasanov |
| author_sort | Jeyhun I. Mikayilov |
| collection | DOAJ |
| description | One of the most discussed topics of Environmental economics is the choice of the appropriate functional form to examine the income-environmental impact relationship. Since the developing economies encounter different development stages, the use of relevant specification and technique gains special importance to reveal the country specific relationship. Considering the afore-mentioned points, this study employs the time-varying cointegration approach to investigate the CO2 emissions-economic growth relationship in the case of developing country, Azerbaijan. Time-varying cointegration approach a) takes into account the varying nature of elasticity of emissions and b) does not require the functional specification to be a polynomial. The results document a long-run relationship between carbon emissions and income. The study also concludes that the EKC hypothesis does not hold in Azerbaijan. The positive and time-varying income elasticity of carbon emissions, slightly decreasing at the end of the time period, can be seen as an indication that the country has implemented a number of successful emission/pollution regulatory measures. |
| first_indexed | 2024-12-14T19:07:28Z |
| format | Article |
| id | doaj.art-236ae0f0e7454840a473ee1d2ed103c5 |
| institution | Directory Open Access Journal |
| issn | 0322-788X 1804-8765 |
| language | English |
| last_indexed | 2024-12-14T19:07:28Z |
| publishDate | 2020-06-01 |
| publisher | Czech Statistical Office |
| record_format | Article |
| series | Statistika: Statistics and Economy Journal |
| spelling | doaj.art-236ae0f0e7454840a473ee1d2ed103c52022-12-21T22:50:49ZengCzech Statistical OfficeStatistika: Statistics and Economy Journal0322-788X1804-87652020-06-011002154168CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration ApproachJeyhun I. Mikayilov0Nicholas Apergis1Fakhri J. Hasanov 2King Abdullah Petroleum Studies and Research Center, Riyadh, Saudi ArabiaUniversity of Derby, Derby, United KingdomKing Abdullah Petroleum Studies and Research Center, Riyadh, Saudi ArabiaOne of the most discussed topics of Environmental economics is the choice of the appropriate functional form to examine the income-environmental impact relationship. Since the developing economies encounter different development stages, the use of relevant specification and technique gains special importance to reveal the country specific relationship. Considering the afore-mentioned points, this study employs the time-varying cointegration approach to investigate the CO2 emissions-economic growth relationship in the case of developing country, Azerbaijan. Time-varying cointegration approach a) takes into account the varying nature of elasticity of emissions and b) does not require the functional specification to be a polynomial. The results document a long-run relationship between carbon emissions and income. The study also concludes that the EKC hypothesis does not hold in Azerbaijan. The positive and time-varying income elasticity of carbon emissions, slightly decreasing at the end of the time period, can be seen as an indication that the country has implemented a number of successful emission/pollution regulatory measures.https://www.czso.cz/documents/10180/125507863/320197_20_154_Mykayilov.pdf/7e9e1818-4406-4b6a-8a1c-22df93ba6ded?version=1.0co2 emissionstime-varying cointegration approacheconomic growthekc hypothesisazerbaijan |
| spellingShingle | Jeyhun I. Mikayilov Nicholas Apergis Fakhri J. Hasanov CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach Statistika: Statistics and Economy Journal co2 emissions time-varying cointegration approach economic growth ekc hypothesis azerbaijan |
| title | CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach |
| title_full | CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach |
| title_fullStr | CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach |
| title_full_unstemmed | CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach |
| title_short | CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach |
| title_sort | co2 emissions economic growth relationship revisited new insights from the time varying cointegration approach |
| topic | co2 emissions time-varying cointegration approach economic growth ekc hypothesis azerbaijan |
| url | https://www.czso.cz/documents/10180/125507863/320197_20_154_Mykayilov.pdf/7e9e1818-4406-4b6a-8a1c-22df93ba6ded?version=1.0 |
| work_keys_str_mv | AT jeyhunimikayilov co2emissionseconomicgrowthrelationshiprevisitednewinsightsfromthetimevaryingcointegrationapproach AT nicholasapergis co2emissionseconomicgrowthrelationshiprevisitednewinsightsfromthetimevaryingcointegrationapproach AT fakhrijhasanov co2emissionseconomicgrowthrelationshiprevisitednewinsightsfromthetimevaryingcointegrationapproach |