LAPSE:2023.3352
Published Article
LAPSE:2023.3352
Economic Growth and Pollution Nexus in Mexico, Colombia, and Venezuela (G-3 Countries): The Role of Renewable Energy in Carbon Dioxide Emissions
February 22, 2023
Abstract
The primary aspiration of this paper is to learn about the effects of economic growth (GDPG) and energy consumption (ENRC) on environmental pollution (EP) in G-3 countries and to show the significance of renewable energy consumption (RENEW) on environmental pollution (EP). The data covers the period from 1970 to 2020 by applying the “Pooled Mean Group-Autoregressive Distributed Lag” (PMG-ARDL) model. The results indicate that GDPG is negatively co-integrated with CO2 emissions (pollution) in the short run (SR) but positively co-integrated in the long run (LR). Energy consumption has a positive impact in the long run, but there is no positive impact in the short run to accelerate pollution. In both the short and long run, renewable energy has a significant role in reducing environmental degradation. However, according to the Dumitrescu Hurlin panel, there was bidirectional causality (BC) involving energy consumption and pollution. Because of the large volume of energy emphasized in economic growth and development activities, energy use increases pollution. In addition, there was a BC involving energy consumption and economic growth. At the country level, a significant contribution implies sustainable development and the implication of environmental quality assurance policies.
Keywords
economic growth, energy consumption, environment, G-3 countries, pollution, Renewable and Sustainable Energy
Suggested Citation
Nahrin R, Rahman MH, Majumder SC, Esquivias MA. Economic Growth and Pollution Nexus in Mexico, Colombia, and Venezuela (G-3 Countries): The Role of Renewable Energy in Carbon Dioxide Emissions. (2023). LAPSE:2023.3352
Author Affiliations
Nahrin R: Department of Economics, Comilla University, Cumilla 3506, Bangladesh
Rahman MH: Department of Economics, Comilla University, Cumilla 3506, Bangladesh; Department of Economics, Sheikh Fazilatunnesa Mujib University, Jamalpur 2000, Bangladesh [ORCID]
Majumder SC: Department of Economics, Comilla University, Cumilla 3506, Bangladesh [ORCID]
Esquivias MA: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga 4-6, Surabaya 60264, Indonesia [ORCID]
Journal Name
Energies
Volume
16
Issue
3
First Page
1076
Year
2023
Publication Date
2023-01-18
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en16031076, Publication Type: Journal Article
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LAPSE:2023.3352
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https://doi.org/10.3390/en16031076
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