Dependence of CO2 Emissions on Energy Consumption and Economic Growth in the European Union: a Panel Threshold Model

• Autorzy: Igor Petruška , Jana Chovancová , Eva Litavcová
• Języki publikacji: EN

Abstrakty

EN

This work aims to analyse the dependence of carbon dioxide (CO2) emissions on primary energy consumption at different Gross Domestic Product (GDP) levels in 28 European countries. Data for the years 1995-2019 were used to develop the models. Random Effects, Fixed Effects, a nonlinear panel threshold model and a continuous kink model were used in the panel data analysis. The work shows that the dependence of CO2 emissions on energy consumption varies at different levels of GDP. The model with two threshold values, which determine three modes of behaviour, proves to be the most suitable. As GDP levels increase, the regression coefficient of the dependence of CO2 emissions on energy consumption decreases. Understanding the relationship between these variables is essential for informed and evidence-based decision-making and adopting new or revision of existing energy and climate policies and strategies at the EU and national levels.(original abstract)

Słowa kluczowe

EN

Energy consumption; Economic growth; Gas emissions; Climate policy

PL

Konsumpcja energii; Wzrost gospodarczy; Emisja gazów; Polityka klimatyczna

• Czasopismo: Ekonomia i Środowisko
• Rocznik: 2021
• Numer: nr 3 (78)
• Strony: 73--89

Twórcy

autor

Igor Petruška

• University of Prešov, Prešov, Slovakia

autor

Jana Chovancová

• University of Prešov, Slovakia

autor

Eva Litavcová

• University of Prešov, Slovakia

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Identyfikatory

DOI

10.34659/2021/3/21