TITLE:
How Do Economic Growth and the Emissions of Carbon Dioxide Relate?
AUTHORS:
Patrick Niyonzima, Xilong Yao, Elvis Kwame Ofori
KEYWORDS:
ECM, GDP, Carbon Dioxide Emissions, Panel Data Approach
JOURNAL NAME:
Open Access Library Journal,
Vol.9 No.3,
March
31,
2022
ABSTRACT: Our work investigated the relationship between carbon dioxide emissions and economic development in 10 different countries from 2010 to 2019, using a panel data technique. The growth of the economy in different countries involves greater use of energy, which leads to more CO2 emissions; hence pollution is intimately related to the growth of the economy and development. By applying the ECM analysis, we confirmed the long-run correlation between Gross Domestic Product and the emissions of CO2 is positive, due to the sluggish adoption of new low-carbon policies, which makes it difficult to attain the same output level with lower carbon dioxide emissions in the long run. The short-run relationship between GDP and the emissions of CO2 is negative, while coherent energy policies are due to help in accomplishing a quick development through more intensive energy consumption, yet our findings show that growth slows as carbon dioxide emissions rise.