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The relationship between CO2 emissions and economic growth: The case of Korea with nonlinear evidence

Title
The relationship between CO2 emissions and economic growth: The case of Korea with nonlinear evidence
Authors
Kim S.-W.Lee K.Nam K.
Ewha Authors
김세완
SCOPUS Author ID
김세완scopus
Issue Date
2010
Journal Title
Energy Policy
ISSN
0301-4215JCR Link
Citation
vol. 38, no. 10, pp. 5938 - 5946
Indexed
SCIE; SSCI; SCOPUS WOS scopus
Abstract
Using STAR models, we investigate the nonlinear dynamic properties and the interdependence of CO2 emissions and economic growth for Korea. The estimation results indicate that the growth rate of both CO2 emissions and industrial production exhibit a significant nonlinear asymmetric dynamics. While the linear Granger causality test finds no causality in any direction, the results of the nonlinear Granger causality tests show a two-way causality between CO2 emissions and economic growth. The strong mutual causation between CO2 emissions and economic activities indicates that the economic impact from CO2 mitigation is expected to be higher in Korea. This suggests that the appropriate energy and environmental policy be to mitigate CO2 emissions while having less impact on the economy. © 2010 Elsevier Ltd. All rights reserved.
DOI
10.1016/j.enpol.2010.05.047
Appears in Collections:
사회과학대학 > 경제학전공 > Journal papers
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