The impact of economic growth on CO2 emissions in Azerbaijan

JOURNAL OF CLEANER PRODUCTION

卷:197

Article

Mikayilov, Jeyhun I.^1,2,3  Galeotti, Marzio^1,4,5  Hasanov, Fakhri J.^1,6,7 

[1] King Abdullah Petr Studies & Res Ctr, POB 88550, Riyadh 11672, Saudi Arabia

[2] Azerbaijan State Univ Econ UNEC, Dept Stat & Econometr, Istiqlaliyyat Str 6, Baku, Azerbaijan

[3] Inst Sci Res Econ Reforms, 88a,Hasan Bey Zardabi Ave, AZ-1011 Baku, Azerbaijan

[4] Univ Milan, Via Festa del Perdono 7, I-20122 Milan, MI, Italy

[5] IEFE Bocconi, Via Guglielmo Roentgen 1, I-20136 Milan, MI, Italy

[6] George Washington Univ, Dept Econ, Res Program Forecasting, 2115 G St NW, Washington, DC 20052 USA

[7] Azerbaijan Natl Acad Sci, Inst Control Syst, B Vahabzade St 9, AZ-1141 Baku, Azerbaijan

关键词: CO2 emissions;    Cointegration;    Economic growth;    EKC hypothesis;    Azerbaijan;   

DOI  :  10.1016/j.jclepro.2018.06.269

来源: Elsevier

【 摘 要 】

This paper investigates the relationship between the economic growth and CO2 emissions in Azerbaijan. A cointegration analysis is conducted over the period 1992-2013. For getting more robust results, Johansen, ARDLBT, DOLS, FMOLS and CCR methods are employed to explore cointegration and estimate long-run coefficients. We use cubic, quadratic and linear specifications and conclude that the last one is an adequate representation for the impact of the economic growth on CO2 emissions in Azerbaijan. The results from the different cointegration methods are consistent with each other and show that the economic growth has a positive and statistically significant impact on the emissions in the long -run implying that the EKC hypothesis does not hold for Azerbaijan. The income elasticity of CO2 emissions, using different methods, is found to be between 0.7 and 0.8. Moreover, we find that any short-run imbalance can be adjusted towards the long-run equilibrium path within less than one year. The paper concludes that measures to increase energy efficiency, carbon pricing instruments in production and international-domestic trade activities, and nationwide social awareness programs to instruct about the negative consequences of pollution can be considered as relevant environmental policies aimed at reducing carbon emissions. (C) 2018 Elsevier Ltd. All rights reserved.

【 授权许可】

Free