LAPSE:2023.22029
Published Article
LAPSE:2023.22029
The Nexus Between Electricity Consumption, Economic Growth, and CO2 Emission: An Asymmetric Analysis Using Nonlinear ARDL and Nonparametric Causality Approach
Philip Chukwunonso Bosah, Shixiang Li, Gideon Kwaku Minua Ampofo, Daniel Akwasi Asante, Zhanqi Wang
March 23, 2023
Abstract
This article examines the asymmetric relationship between electric consumption, economic growth, and carbon dioxide emission in 15 countries over the period 1971−2014. We employed a nonlinear auto-regressive distribution Lag (NARDL) model approach to investigate the asymmetric cointegration between variables. Additionally, we applied the asymmetric causality approach to determine the causal relationship between variables. Results confirm nonlinear cointegration between variables in Cameroon, Congo Republic, Zambia, Canada, and the UK. The Wald test results confirm a long-run asymmetric link between electricity consumption, economic growth, and carbon emission in Canada and Cameroon, while a short-run asymmetric effect in the Congo Republic and the UK. Findings from the granger causality test are volatile across variables. The result provides strong support for the symmetric relationship between electric consumption, economic growth, and carbon emission in the short and long run. This study provides new evidence for policymakers to formulate country-specific policies to obtain better environmental quality while achieving sustainable economic growth.
Keywords
asymmetric causality, asymmetric cointegration, carbon emission, economic growth, electricity consumption
Suggested Citation
Chukwunonso Bosah P, Li S, Kwaku Minua Ampofo G, Akwasi Asante D, Wang Z. The Nexus Between Electricity Consumption, Economic Growth, and CO2 Emission: An Asymmetric Analysis Using Nonlinear ARDL and Nonparametric Causality Approach. (2023). LAPSE:2023.22029
Author Affiliations
Chukwunonso Bosah P: School of Public Administration, China University of Geosciences, Lumo Road 388, Wuhan 430074, China
Li S: Public Administration Department, Mineral Resources Strategy and Policy Research Center, China University of Geosciences, Lumo Road 388, Wuhan 430074, China [ORCID]
Kwaku Minua Ampofo G: Department of Applied Economics, China University of Geosciences, Lumo Road 388, Wuhan 430074, China [ORCID]
Akwasi Asante D: Department of Applied Economics, China University of Geosciences, Lumo Road 388, Wuhan 430074, China
Wang Z: School of Public Administration, China University of Geosciences, Lumo Road 388, Wuhan 430074, China
Journal Name
Energies
Volume
13
Issue
5
Article Number
E1258
Year
2020
Publication Date
2020-03-09
ISSN
1996-1073
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PII: en13051258, Publication Type: Journal Article
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LAPSE:2023.22029
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https://doi.org/10.3390/en13051258
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