Environmental Kuznets Curve in Romania and the Role of Energy Consumption

Muhammad Shahbaz, Mihai Mutascu and Azim Parvez

MPRA Paper from University Library of Munich, Germany

Abstract: The 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 Kuznets curve (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. reduces CO2 emissions by redirecting the resources to environment friendly projects.

Keywords: Economic Growth; Energy Consumption; Environment (search for similar items in EconPapers)
JEL-codes: C32 (search for similar items in EconPapers)
Date: 2011-07-05, Revised 2011-07-15
New Economics Papers: this item is included in nep-ene and nep-env
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (51)

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Journal Article: Environmental Kuznets curve in Romania and the role of energy consumption (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:32254

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