The Relationship among Real Gross Domestic Product, CO2 Emissions, and Energy use in South Caucasus and Turkey

Authors

Abstract

The paper analyses the relationship among real GDP, CO2 emissions and energy use in South Caucasus countries and Turkey over the 1992-2013 years. Results of unit root tests show that all variables are integrated of order one. In general, cointegration tests with breaks suggest the presence of a long-run relationship between these variables. Causality results suggest that “conservation hypothesis” holds for Armenia; while, for Azerbaijan and Georgia, we reached mixed results, since both “feedback hypothesis” and “growth hypothesis” received support by empirical findings. Finally, no evidence of causality emerges for Turkey, in favour of “neutrality hypothesis”. Therefore, the relevant policy implication of the study is that a common energy policy strategy would not be pursued by these countries, given the different causality links emerged in the area.Keywords: GDP; CO2 emissions; energy use; South-Caucasus; Turkey; time-series.JEL Classifications: B22; C32; N55; Q43.

Downloads

Download data is not yet available.

Author Biography

Cosimo Magazzino, Roma Tre University

Professor of Economic policy and Econometrics, Department of Political Sciences, Roma Tre University

Downloads

Published

2016-10-21

How to Cite

Magazzino, C. (2016). The Relationship among Real Gross Domestic Product, CO2 Emissions, and Energy use in South Caucasus and Turkey. International Journal of Energy Economics and Policy, 6(4), 672–683. Retrieved from https://econjournals.com./index.php/ijeep/article/view/2744

Issue

Section

Articles