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The effect of energy consumption on the environment in the OECD countries: economic policy uncertainty perspectives.

Zakari, A., Adedoyin, F. F. and Bekun, F.V., 2021. The effect of energy consumption on the environment in the OECD countries: economic policy uncertainty perspectives. Environmental Science and Pollution Research, 28, 52295-52305.

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DOI: 10.1007/s11356-021-14463-8

Abstract

In this paper, we investigate the impact of energy use and economic policy uncertainties on the environment. To achieve this objective, we use the pooled mean group-autoregressive distributed lag methodology (PMG-ARDL) and Dumitrescu and Hurlin causality test on 22 Organisation for Economic Co-operation and Development (OECD) countries between 1985 and 2017. The PMG-ARDL estimation shows that energy use and economic policy uncertainties have a positive relationship with carbon dioxide emission (CO2) emission, while a negative relationship is confirmed between renewable and CO2 emissions in the long run. The short-run estimation shows a positive relationship between energy use, real gross domestic product, and per capita on CO2 emissions. The Dumitrescu and Hurlin causality results highlight a unidirectional running from real GDP and GDP per capita square to CO2 emissions. Furthermore, one-way causality exists between CO2 emissions to economic policy uncertainties. These results have policy implications on the macroeconomy which are discussed in detail in the concluding section.

Item Type:Article
ISSN:0944-1344
Uncontrolled Keywords:Economic policy uncertainties; CO2 emissions; Environmental sustainability; Energy consumption; OECD countries
Group:Bournemouth University Business School
ID Code:35543
Deposited By: Unnamed user with email symplectic@symplectic
Deposited On:25 May 2021 11:50
Last Modified:27 Sep 2021 10:21

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