Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum

Sustainable Economic Growth: An Empirical Study for the Asia-Pacific Economic Cooperation Forum

This study analyses the validity of environmental Kuznets curve (EKC) hypothesis for the Asia-Pacific Economic Cooperation Forum (APEC), within the period 1992-2012. Three econometric models are performed, which use different environmental quality indicators as dependent variable. Model 1) uses CO2 total emissions in APEC, model 2) uses CO2 emissions generated from coal consumption, and model 3) uses CO2 emissions generate from petroleum consumption. Pedroni and Kao cointegration approach are applied for testing long-run relationship between variables for each model. Fully modified ordinary least squares (FMOLS) method is employed for determining the elasticities of the long-run relationships. The analysis finds that an EKC is held under model 1, and 3, but for model 2 the relation between the variables does not show an inverted U shape behavior. Additionally descriptive analysis and model 2 suggest that coal consumption has been increasing in last years, because of the effect in CO2 emissions; even more in this specific indicator, economic activity is leading to an unsustainable growth scenario in APEC.
International Journal of Energy Economics and Policy-Cover
  • Başlangıç: 2011
  • Yayıncı: İlhan ÖZTÜRK
Sayıdaki Diğer Makaleler

Hydropower Megaprojects in Colombia and the Influence of Local Communities: A View from Prospect Theory to Decision Making Process based on Expert Judgment used in Large Organizations

Rodolfo Garcia Sierra, Alvaro Zerda Sarmiento

Natural Gas Distribution Infrastructure and the Quest for Environmental Sustainability in the Niger Delta: The Prospect of Natural Gas Utilization in Nigeria

Philip Ejoor AGBONİFO

The Effects of Electricity Consumption on Agriculture, Service and Manufacturing Sectors in Malaysia

Tan Lee Pei, Mohd Shahidan Shaari, Tunku Salha Tunku Ahmad

Elasticity of Agricultural Prices in Russia: An Empirical Study of Energy and Monetary Channels

Dmitry BURAKOV

The Convergence Behavior of CO2 Emissions in Seven Regions under Multiple Structural Breaks

Ali ACARAVCI, Sinan ERDOGAN

Revisiting the Electricity Consumption-Economic Growth Nexus in Angola: The Role of Exports, Imports and Urbanization

Sakiru Adebola SOLARİN, Muhammad SHAHBAZ, Syed Jawad Hussain SHAHZAD

The Dynamic Linkage between Technological Innovation and carbon dioxide emissions in Malaysia: An Autoregressive Distributed Lagged Bound Approach

Wajahat Ali, Azrai Abdullah, Muhammad Azam

Techno-economic Analysis of Liquid Petroleum Gas Fueled Vehicles as Public Transportation in Indonesia

Muji SETİYO, Sudjito SOEPARMAN, Nurkholis HAMİDİ, Slamet WAHYUDİ

Barriers to Energy Saving for Public Middle Schools in Bangkok: From School Management Perspective

Wuttipan KİATRUANGKRAİ, Ekachai LEELARASMEE

Economic Evaluation of Nigerian Marginal Oil and Gas Field using Financial Simulation Analysis

Yusuf Opeyemi AKİNWALE, John-felix Kayode AKİNBAMİ