The impact of financial development, income, energy and trade on carbon emissions: Evidence from the Indian economy

Economic Modelling

Volumn 40, Issue , 2014, Pages 33-41

  Boutabba, Mohamed Amine ^a  

^a University of Evry and EPEE   (France)

Author keywords

Carbon emissions; Energy consumption; Financial development; Growth; Trade

Indexed keywords

EID: 84898627890     PISSN: 02649993     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.econmod.2014.03.005     Document Type: Article

References (48)

1. 2 emissions and economic growth in India. Renew. Sust. Energ. Rev. 2011, 15:3243-3251.
2. Ang J. Economic development, pollutant emissions and energy consumption in Malaysia. J. Policy Model 2008, 30:271-278.
3. Bahmani-Oskooee M., Nasir A. ARDL approach to test the productivity bias hypothesis. Rev. Dev. Econ. 2004, 8(3):483-488.
4. Banerjee A., Dolado J.J., Mestre R. Error-correction mechanism tests for cointegration in a single-equation framework. J. Time Ser. Anal. 1998, 19(3):267-283.
5. Brown R.L., Durbin J., Evans J.M. Techniques for testing the constancy of regression relationships over time. J. R. Stat. Soc. 1975, 37:149-163.
6. Chikkatur A. A Resource and Technology Assessment of Coal Utilisation in India, Pew Centre of Global Climate Change, Arlington, VA, USA see. http://www.pewclimate.org/docUploads/india-coal-technology.pdf.
7. Claessens S., Feijen E. Financial sector development and the millennium development goals. World Bank Working Paper No. 89 2007.
8. Engle R.F., Granger C.W.J. Cointegration and error correction representation: estimation and testing. Econometrica 1987, 55:251-276.
9. Fodha M., Zaghdoud O. Economic growth and pollutant emissions in Tunisia: an empirical analysis of the Environmental Kuznets Curve. Energy Policy 2010, 38:1150-1156.
10. Ghosh S. Examining carbon emissions-economic growth nexus for India: a multivariate cointegration approach. Energy Policy 2010, 38:2613-3130.
11. Graus W.H.J., Worrell M., Voogt E. International comparison of energy efficiency of fossil power generation. Energy Policy 2007, 35:3936-3951.
12. Grossman G., Krueger A. Economic environment and the economic growth. Q. J. Econ. 1995, 110:353-377.
13. 2 emissions, energy consumption, income and foreign trade in Turkey. Energy Policy 2009, 37(3):1156-1164.
14. Intergovernmental Panel on Climate Change (IPCC) Climate Change Synthesis Report 2007 http://www.ipcc.ch/S.
15. Jalil A., Feridun M. The impact of growth, energy and financial development on the environment in China: a cointegration analysis. Energy Econ. 2011, 33:284-291.
16. 2 emissions: a cointegration analysis for China. Energy Policy 2009, 37:5167-5172.
17. 2 emissions, energy consumption, trade and income: a comparative analysis of China and India. Energy Policy 2012, 42:450-460.
18. Johansen S., Juselius K. Maximum likelihood estimation and inference on cointegration - with applications to the demand for money. Oxf. Bull. Econ. Stat. 1990, 52:169-210.
19. Kanjilal K., Ghosh S. Environmental Kuznet's curve for India: evidence from tests for cointegration with unknown structural breaks. Energy Policy 2013, 56:509-515.
20. Kapetanios G. Unit root testing against the alternative hypothesis of m structural breaks. J. Time Ser. Anal. 2005, 26:123-233.
21. Kremers J.J., Erksson N.R., Dolado J.J. The power of cointegration tests. Bull. Econ. Stat. 1992, 54(3):325-347.
22. Laurenceson J., Chai J. Financial Reform and Economic Development in China 2003, UK, Edward Elgar, Cheltenham.
23. 2 emissions, electricity consumption and output in ASEAN. Appl. Energy 2010, 87:1858-1864.
24. Lee J., Strazicich M. Minimum Lagrange multiplier unit root test with two structural breaks. Rev. Econ. Stat. 2003, 85(4):1082-1089.
25. Lee J., Strazicich M. Minimum Lagrange multiplier unit root test with one structural break. Working paper 2004, Department of Economics, Appalachian State University, USA.
26. Lindmark M. An EKC-pattern in historical perspective: carbon dioxide emissions, technology, fuel prices and growth in Sweden, 1870-1997. Ecol. Econ. 2002, 42:333-347.
27. 2 emissions, and fossil fuels consumption in Iran. Energy 2010, 35:5115-5120.
28. Lumsdaine R., Papell D. Multiple trends breaks and the unit root hypothesis. Rev. Econ. Stat. 1997, 79:212-218.
29. MacKinnon J.G. Critical Values for Co-Integration Tests. Long-Run Economic Relationships 1991, 267-276. Oxford University Press. R.F. Engle, C.W.J. Granger (Eds.).
30. Narayan P.K. The saving and investment nexus for China: evidence from cointegration tests. Appl. Econ. 2005, 37:1979-1990.
31. Nasir M., Rehman F.-U. Environmental Kuznets curve for carbon emissions in Pakistan: an empirical investigation. Energy Policy 2011, 39:1857-1864.
32. Ouattara B. Foreign Aid and Fiscal Policy in Senegal 2004, Mimeo University of Manchester.
33. Ozturk I., Acaravci A. The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey. Energy Econ. 2013, 36:262-267.
34. Pesaran M., Pesaran B. Working with Microfit 4.0: Interactive Economic Analysis 1997, Oxford University Press, Oxford.
35. Pesaran H.M., Shin Y. Autoregressive distributed lag modelling approach to cointegration analysis. Econometrics and Economic Theory in the 20th Century: The Ragnar Frisch Centennial Symposium 1999, Cambridge University Press, Cambridge. S. Storm (Ed.).
36. Pesaran M.H., Shin Y., Smith R.J. Bounds testing approaches to the analysis of level relationships. J. Appl. Econ. 2001, 16:289-326.
37. 2 emissions in Malaysia: a cointegration analysis of the environmental Kuznets curve. Energy Policy 2012, 51:184-191.
38. Shahbaz M., Lean H.H., Shabbir M.S. Environmental Kuznets curve hypothesis in Pakistan: cointegration and Granger causality. Renew. Sust. Energ. Rev. 2012, 16(5):2947-2953.
39. Song T., Zheng T., Tong L. An empirical test of the environmental Kuznets curve in China: a panel cointegration approach. China Econ. Rev. 2008, 19:381-392.
40. Stern D.I., Common M.S., Barbier E.B. Economic growth and environmental degradation: the environmental Kuznets curve and sustainable development. World Dev. 1996, 24(7):1151-1160.
41. Talukdar D., Meisner C.M. Does the private sector help or hurt the environment? Evidence from carbon dioxide pollution in developing countries. World Dev. 2001, 29:827-840.
42. Tamazian A., Bhaskara Rao B. Do economic, financial and institutional developments matter for environmental degradation? Evidence from transitional economies. Energy Econ. 2010, 32:137-145.
43. Tamazian A., Chousa J.P., Vadlamannati C. Does higher economic and financial development lead to environmental degradation: evidence from the BRIC countries. Energy Policy 2009, 37:246-253.
44. World Bank Doing Business 2011: Making a difference for Entrepreneurs http://www.doingbusiness.org//media/fpdkm/doing%20business/documents/annual-reports/english/db11-fullreport.pdf.
45. World Economic Forum New Energy Architecture: India http://www3.weforum.org/docs/WEF_NewEnergyArchitecture_ExecutiveSummary_India.pdf.
46. Yuxiang K., Chen Z. Financial development and environmental performance: evidence from China. Environ. Dev. Econ. 2011, 16:1-19.
47. Zhang Y.J. The impact of financial development on carbon emissions: an empirical analysis in China. Energy Policy 2011, 39:2197-2203.
48. Zivot E., Andrews D. Further evidence on the great crash, the oil price shock and the unit root hypothesis. J. Bus. Econ. Stat. 1992, 10:251-270.