Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups
This paper examines the effects of energy consumption, economic growth, and financial development on carbon emissions in a panel of 122 countries. We employ both first-generation and second-generation cointegration and estimation procedures in order to address diverse economic and econometric issues...
Gespeichert in:
| Veröffentlicht in: | Environmental science and pollution research international 2019-08, Vol.26 (22), p.22611-22624 |
|---|---|
| Hauptverfasser: | , |
| Format: | Artikel |
| Sprache: | eng |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Tags: |
Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
|
| container_end_page | 22624 |
|---|---|
| container_issue | 22 |
| container_start_page | 22611 |
| container_title | Environmental science and pollution research international |
| container_volume | 26 |
| creator | Ehigiamusoe, Kizito Uyi Lean, Hooi Hooi |
| description | This paper examines the effects of energy consumption, economic growth, and financial development on carbon emissions in a panel of 122 countries. We employ both first-generation and second-generation cointegration and estimation procedures in order to address diverse economic and econometric issues such as heterogeneity, endogeneity, and cross-sectional dependence. We find a cointegration relationship between the variables. Energy consumption, economic growth, and financial development have detrimental effects on carbon emissions in the full sample. When the sample is split into different income groups, we reveal that economic growth and financial development mitigate carbon emissions in high-income group but have the opposite effects in low-income and middle-income groups. The implication of the findings is that energy consumption increases carbon emissions. While high levels of income and financial development decrease carbon emissions, low levels of income and financial development intensify it. Based on the findings, the paper makes some policy recommendations. |
| doi_str_mv | 10.1007/s11356-019-05309-5 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_miscellaneous_2265754583</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2235404922</sourcerecordid><originalsourceid>FETCH-LOGICAL-c428t-767b68cab68dd9b2894b75c1fd5ec2df734f8c30c82074cba00017e850029b023</originalsourceid><addsrcrecordid>eNp9kc1u1TAQhS0EopfCC7BAltiwaGD8F8fsUFV-pEpsYG05zvg2VWIHO2nVN-Cx8e0tILFg45Hl75w51iHkJYO3DEC_K4wJ1TbATANKgGnUI7JjLZONlsY8JjswUjZMSHlCnpVyDcDBcP2UnAjGWmU035GfFyGgXwtNgWLEvL-jPsWyzcs6pnhGsd7SPHq6z-l2vTqjLg40jNFFP7qJDniDU1pmjCtNkXqX-zpwHkup8vKe4s04YPRIQ04zvcIVc9rXRWkrdIw-zXhw3pbynDwJbir44mGeku8fL76df24uv376cv7hsvGSd2ujW923nXf1GAbT887IXivPwqDQ8yFoIUPnBfiOg5a-dwDANHaqft70wMUpeXP0XXL6sWFZbQ3rcZrcfSjLeau0kqoTFX39D3qdthxrukoJJUEafjDkR8rnVErGYJc8zi7fWQb20JM99mRrT_a-J6uq6NWD9dbPOPyR_C6mAuIIlPoU95j_7v6P7S-6-J_P</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2235404922</pqid></control><display><type>article</type><title>Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups</title><source>SpringerLink Journals - AutoHoldings</source><creator>Ehigiamusoe, Kizito Uyi ; Lean, Hooi Hooi</creator><creatorcontrib>Ehigiamusoe, Kizito Uyi ; Lean, Hooi Hooi</creatorcontrib><description>This paper examines the effects of energy consumption, economic growth, and financial development on carbon emissions in a panel of 122 countries. We employ both first-generation and second-generation cointegration and estimation procedures in order to address diverse economic and econometric issues such as heterogeneity, endogeneity, and cross-sectional dependence. We find a cointegration relationship between the variables. Energy consumption, economic growth, and financial development have detrimental effects on carbon emissions in the full sample. When the sample is split into different income groups, we reveal that economic growth and financial development mitigate carbon emissions in high-income group but have the opposite effects in low-income and middle-income groups. The implication of the findings is that energy consumption increases carbon emissions. While high levels of income and financial development decrease carbon emissions, low levels of income and financial development intensify it. Based on the findings, the paper makes some policy recommendations.</description><identifier>ISSN: 0944-1344</identifier><identifier>EISSN: 1614-7499</identifier><identifier>DOI: 10.1007/s11356-019-05309-5</identifier><identifier>PMID: 31165972</identifier><language>eng</language><publisher>Berlin/Heidelberg: Springer Berlin Heidelberg</publisher><subject>Aquatic Pollution ; Atmospheric Protection/Air Quality Control/Air Pollution ; Carbon ; Dependence ; Earth and Environmental Science ; Econometrics ; Economic development ; Economic growth ; Economic models ; Economics ; Ecotoxicology ; Emissions ; Energy consumption ; Environment ; Environmental Chemistry ; Environmental Health ; Environmental science ; Heterogeneity ; Income ; Low level ; Research Article ; Time series ; Waste Water Technology ; Water Management ; Water Pollution Control</subject><ispartof>Environmental science and pollution research international, 2019-08, Vol.26 (22), p.22611-22624</ispartof><rights>Springer-Verlag GmbH Germany, part of Springer Nature 2019</rights><rights>Environmental Science and Pollution Research is a copyright of Springer, (2019). All Rights Reserved.</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c428t-767b68cab68dd9b2894b75c1fd5ec2df734f8c30c82074cba00017e850029b023</citedby><cites>FETCH-LOGICAL-c428t-767b68cab68dd9b2894b75c1fd5ec2df734f8c30c82074cba00017e850029b023</cites><orcidid>0000-0002-6847-0274</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://link.springer.com/content/pdf/10.1007/s11356-019-05309-5$$EPDF$$P50$$Gspringer$$H</linktopdf><linktohtml>$$Uhttps://link.springer.com/10.1007/s11356-019-05309-5$$EHTML$$P50$$Gspringer$$H</linktohtml><link.rule.ids>314,776,780,27901,27902,41464,42533,51294</link.rule.ids><backlink>$$Uhttps://www.ncbi.nlm.nih.gov/pubmed/31165972$$D View this record in MEDLINE/PubMed$$Hfree_for_read</backlink></links><search><creatorcontrib>Ehigiamusoe, Kizito Uyi</creatorcontrib><creatorcontrib>Lean, Hooi Hooi</creatorcontrib><title>Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups</title><title>Environmental science and pollution research international</title><addtitle>Environ Sci Pollut Res</addtitle><addtitle>Environ Sci Pollut Res Int</addtitle><description>This paper examines the effects of energy consumption, economic growth, and financial development on carbon emissions in a panel of 122 countries. We employ both first-generation and second-generation cointegration and estimation procedures in order to address diverse economic and econometric issues such as heterogeneity, endogeneity, and cross-sectional dependence. We find a cointegration relationship between the variables. Energy consumption, economic growth, and financial development have detrimental effects on carbon emissions in the full sample. When the sample is split into different income groups, we reveal that economic growth and financial development mitigate carbon emissions in high-income group but have the opposite effects in low-income and middle-income groups. The implication of the findings is that energy consumption increases carbon emissions. While high levels of income and financial development decrease carbon emissions, low levels of income and financial development intensify it. Based on the findings, the paper makes some policy recommendations.</description><subject>Aquatic Pollution</subject><subject>Atmospheric Protection/Air Quality Control/Air Pollution</subject><subject>Carbon</subject><subject>Dependence</subject><subject>Earth and Environmental Science</subject><subject>Econometrics</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Economics</subject><subject>Ecotoxicology</subject><subject>Emissions</subject><subject>Energy consumption</subject><subject>Environment</subject><subject>Environmental Chemistry</subject><subject>Environmental Health</subject><subject>Environmental science</subject><subject>Heterogeneity</subject><subject>Income</subject><subject>Low level</subject><subject>Research Article</subject><subject>Time series</subject><subject>Waste Water Technology</subject><subject>Water Management</subject><subject>Water Pollution Control</subject><issn>0944-1344</issn><issn>1614-7499</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>BENPR</sourceid><recordid>eNp9kc1u1TAQhS0EopfCC7BAltiwaGD8F8fsUFV-pEpsYG05zvg2VWIHO2nVN-Cx8e0tILFg45Hl75w51iHkJYO3DEC_K4wJ1TbATANKgGnUI7JjLZONlsY8JjswUjZMSHlCnpVyDcDBcP2UnAjGWmU035GfFyGgXwtNgWLEvL-jPsWyzcs6pnhGsd7SPHq6z-l2vTqjLg40jNFFP7qJDniDU1pmjCtNkXqX-zpwHkup8vKe4s04YPRIQ04zvcIVc9rXRWkrdIw-zXhw3pbynDwJbir44mGeku8fL76df24uv376cv7hsvGSd2ujW923nXf1GAbT887IXivPwqDQ8yFoIUPnBfiOg5a-dwDANHaqft70wMUpeXP0XXL6sWFZbQ3rcZrcfSjLeau0kqoTFX39D3qdthxrukoJJUEafjDkR8rnVErGYJc8zi7fWQb20JM99mRrT_a-J6uq6NWD9dbPOPyR_C6mAuIIlPoU95j_7v6P7S-6-J_P</recordid><startdate>20190801</startdate><enddate>20190801</enddate><creator>Ehigiamusoe, Kizito Uyi</creator><creator>Lean, Hooi Hooi</creator><general>Springer Berlin Heidelberg</general><general>Springer Nature B.V</general><scope>NPM</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>3V.</scope><scope>7QL</scope><scope>7SN</scope><scope>7T7</scope><scope>7TV</scope><scope>7U7</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X7</scope><scope>7XB</scope><scope>87Z</scope><scope>88E</scope><scope>88I</scope><scope>8AO</scope><scope>8C1</scope><scope>8FD</scope><scope>8FI</scope><scope>8FJ</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AEUYN</scope><scope>AFKRA</scope><scope>ATCPS</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BHPHI</scope><scope>C1K</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FR3</scope><scope>FRNLG</scope><scope>FYUFA</scope><scope>F~G</scope><scope>GHDGH</scope><scope>GNUQQ</scope><scope>HCIFZ</scope><scope>K60</scope><scope>K6~</scope><scope>K9.</scope><scope>L.-</scope><scope>M0C</scope><scope>M0S</scope><scope>M1P</scope><scope>M2P</scope><scope>M7N</scope><scope>P64</scope><scope>PATMY</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PYCSY</scope><scope>Q9U</scope><scope>7X8</scope><orcidid>https://orcid.org/0000-0002-6847-0274</orcidid></search><sort><creationdate>20190801</creationdate><title>Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups</title><author>Ehigiamusoe, Kizito Uyi ; Lean, Hooi Hooi</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c428t-767b68cab68dd9b2894b75c1fd5ec2df734f8c30c82074cba00017e850029b023</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Aquatic Pollution</topic><topic>Atmospheric Protection/Air Quality Control/Air Pollution</topic><topic>Carbon</topic><topic>Dependence</topic><topic>Earth and Environmental Science</topic><topic>Econometrics</topic><topic>Economic development</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Economics</topic><topic>Ecotoxicology</topic><topic>Emissions</topic><topic>Energy consumption</topic><topic>Environment</topic><topic>Environmental Chemistry</topic><topic>Environmental Health</topic><topic>Environmental science</topic><topic>Heterogeneity</topic><topic>Income</topic><topic>Low level</topic><topic>Research Article</topic><topic>Time series</topic><topic>Waste Water Technology</topic><topic>Water Management</topic><topic>Water Pollution Control</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Ehigiamusoe, Kizito Uyi</creatorcontrib><creatorcontrib>Lean, Hooi Hooi</creatorcontrib><collection>PubMed</collection><collection>CrossRef</collection><collection>ProQuest Central (Corporate)</collection><collection>Bacteriology Abstracts (Microbiology B)</collection><collection>Ecology Abstracts</collection><collection>Industrial and Applied Microbiology Abstracts (Microbiology A)</collection><collection>Pollution Abstracts</collection><collection>Toxicology Abstracts</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Health & Medical Collection</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Medical Database (Alumni Edition)</collection><collection>Science Database (Alumni Edition)</collection><collection>ProQuest Pharma Collection</collection><collection>Public Health Database</collection><collection>Technology Research Database</collection><collection>Hospital Premium Collection</collection><collection>Hospital Premium Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest One Sustainability</collection><collection>ProQuest Central UK/Ireland</collection><collection>Agricultural & Environmental Science Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>Natural Science Collection</collection><collection>Environmental Sciences and Pollution Management</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Engineering Research Database</collection><collection>Business Premium Collection (Alumni)</collection><collection>Health Research Premium Collection</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>Health Research Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>SciTech Premium Collection</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ProQuest Health & Medical Complete (Alumni)</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Global</collection><collection>Health & Medical Collection (Alumni Edition)</collection><collection>Medical Database</collection><collection>Science Database</collection><collection>Algology Mycology and Protozoology Abstracts (Microbiology C)</collection><collection>Biotechnology and BioEngineering Abstracts</collection><collection>Environmental Science Database</collection><collection>ProQuest One Business</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>Environmental Science Collection</collection><collection>ProQuest Central Basic</collection><collection>MEDLINE - Academic</collection><jtitle>Environmental science and pollution research international</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Ehigiamusoe, Kizito Uyi</au><au>Lean, Hooi Hooi</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups</atitle><jtitle>Environmental science and pollution research international</jtitle><stitle>Environ Sci Pollut Res</stitle><addtitle>Environ Sci Pollut Res Int</addtitle><date>2019-08-01</date><risdate>2019</risdate><volume>26</volume><issue>22</issue><spage>22611</spage><epage>22624</epage><pages>22611-22624</pages><issn>0944-1344</issn><eissn>1614-7499</eissn><abstract>This paper examines the effects of energy consumption, economic growth, and financial development on carbon emissions in a panel of 122 countries. We employ both first-generation and second-generation cointegration and estimation procedures in order to address diverse economic and econometric issues such as heterogeneity, endogeneity, and cross-sectional dependence. We find a cointegration relationship between the variables. Energy consumption, economic growth, and financial development have detrimental effects on carbon emissions in the full sample. When the sample is split into different income groups, we reveal that economic growth and financial development mitigate carbon emissions in high-income group but have the opposite effects in low-income and middle-income groups. The implication of the findings is that energy consumption increases carbon emissions. While high levels of income and financial development decrease carbon emissions, low levels of income and financial development intensify it. Based on the findings, the paper makes some policy recommendations.</abstract><cop>Berlin/Heidelberg</cop><pub>Springer Berlin Heidelberg</pub><pmid>31165972</pmid><doi>10.1007/s11356-019-05309-5</doi><tpages>14</tpages><orcidid>https://orcid.org/0000-0002-6847-0274</orcidid></addata></record> |
| fulltext | fulltext |
| identifier | ISSN: 0944-1344 |
| ispartof | Environmental science and pollution research international, 2019-08, Vol.26 (22), p.22611-22624 |
| issn | 0944-1344 1614-7499 |
| language | eng |
| recordid | cdi_proquest_miscellaneous_2265754583 |
| source | SpringerLink Journals - AutoHoldings |
| subjects | Aquatic Pollution Atmospheric Protection/Air Quality Control/Air Pollution Carbon Dependence Earth and Environmental Science Econometrics Economic development Economic growth Economic models Economics Ecotoxicology Emissions Energy consumption Environment Environmental Chemistry Environmental Health Environmental science Heterogeneity Income Low level Research Article Time series Waste Water Technology Water Management Water Pollution Control |
| title | Effects of energy consumption, economic growth, and financial development on carbon emissions: evidence from heterogeneous income groups |
| url | https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-08T14%3A01%3A55IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Effects%20of%20energy%20consumption,%20economic%20growth,%20and%20financial%20development%20on%20carbon%20emissions:%20evidence%20from%20heterogeneous%20income%20groups&rft.jtitle=Environmental%20science%20and%20pollution%20research%20international&rft.au=Ehigiamusoe,%20Kizito%20Uyi&rft.date=2019-08-01&rft.volume=26&rft.issue=22&rft.spage=22611&rft.epage=22624&rft.pages=22611-22624&rft.issn=0944-1344&rft.eissn=1614-7499&rft_id=info:doi/10.1007/s11356-019-05309-5&rft_dat=%3Cproquest_cross%3E2235404922%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=2235404922&rft_id=info:pmid/31165972&rfr_iscdi=true |