Environmental Kuznets Curve in Romania and the Role of Energy ConsumptionRenewable and Sustainable Energy Reviews (2013)
AbstractThe aim of present study is to probe the dynamic relationship between economic growth,energy consumption and CO2 emissions for period of 1980–2010 in case of Romania.In doing so, ARDL bounds testing approach is applied to investigate the long run cointegration between these variables. Our results confirm long run relationship between economic growth, energy consumption and energy pollutants. The empirical evidence reveals that Environmental Kuznetscurve(EKC) is found both in long-and-short runs in Romania. Further, energy consumption is major contributor to energy pollutants. Democratic regime shows her significant contribution to decline CO2 emissions through effective implementation of economic policies and financial development improves environment i.e., reducesCO2 emissions by redirecting there sources to environment friendly projects.
- Kuznets curve,
- Energy consumption
Publication DateWinter January, 2013
Citation InformationShahbaz Muhammad, Mihai Mutascu and Azim Parvez. "Environmental Kuznets Curve in Romania and the Role of Energy Consumption" Renewable and Sustainable Energy Reviews Vol. 18 (2013)
Available at: http://works.bepress.com/mihai_mutascu/23/