DOAJ Open Access 2020

DEPENDENCE OF CO2 EMISSIONS ON ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE EUROPEAN UNION: A PANEL THRESHOLD MODEL

Jana Chovancová Igor Petruška Eva Litavcová

Abstrak

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.

Topik & Kata Kunci

Economic geography of the oceans (General)

Penulis (3)

Jana Chovancová

Igor Petruška

Eva Litavcová

Format Sitasi

APA MLA BibTeX

Chovancová, J., Petruška, I., Litavcová, E. (2020). DEPENDENCE OF CO2 EMISSIONS ON ENERGY CONSUMPTION AND ECONOMIC GROWTH IN THE EUROPEAN UNION: A PANEL THRESHOLD MODEL. https://doi.org/10.34659/2021/3/21

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Informasi Jurnal

Tahun Terbit: 2020
Sumber Database: DOAJ
DOI: 10.34659/2021/3/21
Akses: Open Access ✓