Template-type: ReDIF-Paper 1.0
Author-Name: Duc Hong Vo
Author-Workplace-Name: Business and Economics Research Group Ho Chi Minh City Open University, Vietnam.
Author-Name: Ha Minh Nguyen
Author-Workplace-Name: Ho Chi Minh City Open University, Vietnam.
Author-Name: Anh The Vo
Author-Workplace-Name: Business and Economics Research Group Ho Chi Minh City Open University, Vietnam.
Author-Name:
 Michael McAleer
Author-Workplace-Name:
 Department of Quantitative Finance National Tsing Hua University, Taiwan and Econometric Institute Erasmus School of 
	Economics Erasmus University Rotterdam, The Netherlands and Department of Quantitative Economics Complutense University of 
	Madrid, Spain And Institute of Advanced Sciences Yokohama National University, Japan.
Title: CO2 emissions, energy consumption and economic growth: Evidence from the Trans-Pacific Partnership
Abstract: The paper investigates the role of consumption of both renewable and sustainable energy, as well as alternative and nuclear energy, in mitigating the effects of 
	carbon dioxide (CO2) emissions, based on the Environmental Kuznets Curve (EKC). The papers introduces a novel variable to capture trade openness, which appears to be 
	a crucial factor in inter-regional co-operation and development, in order to evaluate its effect on the environment, The empirical analysis is based on a sample of 
	nine signatories to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) for the period 1971-2014, which is based on data availability. 
	The empirical analysis is based on several time series econometric methods, such as the cointegration test, two long run estimators, namely the fully modified 
	ordinary least squares (FMOLS) and dynamic ordinary least squares (DOLS) methods, as well as the Granger causality test. There are several noteworthy empirical 
	findings: it is possible to confirm the U-shaped EKC hypothesis for six countries, namely Australia, Canada, Chile, New Zealand, Peru and Vietnam; there is no 
	evidence of the EKC for Mexico; a reverse-shaped EKC is observed for Japan and Malaysia, there are long run relationships among the variables, the adoption of either 
	renewable energy, or alternative energy and nuclear energy, mitigates CO2 emissions, trade openness leads to more beneficial than harmful impacts in the long run, the 
	Granger causality tests show more bi-directional-relationships between the variables in the long run, and the Granger causality tests show more 
	uni-directional-relationships between the variables in the short run.
Classification-JEL: C12, C52, Q42, Q43.
Keywords: Renewable and sustainable energy, Alternative energy, Nuclear energy, Carbon emissions, CPTPP, EKC hypothesis, DOLS, FMOLS, Granger causality, VECM.
Length: 35 pages 
Creation-Date: 2019-03
Number: 2019-08
X-File-Ref: http://america.sim.ucm.es/repec/ucm/ref/doicae1908.txt
File-URL: https://eprints.ucm.es/id/eprint/54742/1/1908.pdf
File-Format: Application/pdf
Handle: RePEc:ucm:doicae:1908