Energy consumption, economic policy uncertainty and carbon emissions; causality evidence from resource rich economies

dc.authoridhttps://orcid.org/0000-0002-3586-2570en_US
dc.authoridhttps://orcid.org/0000-0003-4948-6905en_US
dc.contributor.authorAdams, Samuel
dc.contributor.authorAdedoyin, Festus Fatai
dc.contributor.authorOlaniran, Eniola
dc.contributor.authorBekun, Festus Victor
dc.date.accessioned2023-09-26T08:46:31Z
dc.date.available2023-09-26T08:46:31Z
dc.date.issued2020en_US
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesien_US
dc.description.abstractThe study uses the World Uncertainty Index to analyze the long-run relationship of economic policy uncertainty and energy consumption for countries with high geopolitical risk over the period 1996–2017. The Kao test shows a cointegration association between energy consumption, economic growth, geopolitical risk, economic policy uncertainty, and carbon dioxide (CO2) emissions. The results based on the Panel Pooled Mean GroupAutoregressive Distributed lag model (PMG-ARDL) show that energy consumption and economic growth contribute to (CO2) emissions. Additionally, there is a significant association between economic uncertainty and CO2 emissions in the long-run. The panel causality analysis by Dumitrescu and Hurlin (2012) shows a bidirectional relationship between CO2 emissions and energy consumption, economic policy uncertainty and CO2 emissions, economic growth and CO2 emissions, but a unidirectional causality from CO2 emissions to geopolitical risks. The findings call for vital changes in energy policies to accommodate economic policy uncertainties and geopolitical risks.en_US
dc.identifier.doi10.1016/j.eap.2020.09.012en_US
dc.identifier.endpage190en_US
dc.identifier.issn0313-5926
dc.identifier.scopus2-s2.0-85091634274en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.startpage179en_US
dc.identifier.urihttps://hdl.handle.net/11363/5663
dc.identifier.urihttps://doi.org/
dc.identifier.volume68en_US
dc.identifier.wosWOS:000590013400015en_US
dc.identifier.wosqualityQ2en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.institutionauthorBekun, Festus Victor
dc.language.isoenen_US
dc.publisherELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDSen_US
dc.relation.ispartofEconomic Analysis and Policyen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United States*
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/*
dc.subjectEnergy consumptionen_US
dc.subjectCarbon dioxide emissionsen_US
dc.subjectGeopolitical risken_US
dc.subjectEconomic growthen_US
dc.subjectEconomic policy uncertaintyen_US
dc.titleEnergy consumption, economic policy uncertainty and carbon emissions; causality evidence from resource rich economiesen_US
dc.typeArticleen_US

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