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What goes up, must come down

Meierhofer, Fanny Zoe LU (2019) EKHS22 20191
Department of Economic History
Abstract
Rising levels of greenhouse gas emissions and their detrimental impact on the environment are at risk of jeopardizing global development achievements and limit future economic growth. In an effort to decarbonize the energy sector, the global community has pointed to renewable energy sources as a flagship technology. Estimating the long- and short-run relationship between emissions, income and the share of renewable energy consumption, an ARDL bounds test for cointegration after Pesaran et al. (2001) is conducted for the Asian tiger economies of Hong Kong, Singapore, South Korea and Taiwan in the period 1990-2016. The results support the existence of an environmental Kuznets curve for Taiwan in the long-run and for Singapore in the... (More)
Rising levels of greenhouse gas emissions and their detrimental impact on the environment are at risk of jeopardizing global development achievements and limit future economic growth. In an effort to decarbonize the energy sector, the global community has pointed to renewable energy sources as a flagship technology. Estimating the long- and short-run relationship between emissions, income and the share of renewable energy consumption, an ARDL bounds test for cointegration after Pesaran et al. (2001) is conducted for the Asian tiger economies of Hong Kong, Singapore, South Korea and Taiwan in the period 1990-2016. The results support the existence of an environmental Kuznets curve for Taiwan in the long-run and for Singapore in the short-run. Furthermore, an increase in renewable energy consumption is found to have a detrimental effect on the environment in Taiwan, while it is found to decrease emission levels in Singapore in the long-run. Finally, no long-run relationship between variables was found for Hong Kong, while cointegration could not be tested in South Korea, given the variables’ order of integration. (Less)
Please use this url to cite or link to this publication:
author
Meierhofer, Fanny Zoe LU
supervisor
organization
alternative title
Testing the Environmental Kuznets Curve and the Impact of Renewable Energy Consumption on Carbon Emissions in the Four Asian Tigers
course
EKHS22 20191
year
type
H2 - Master's Degree (Two Years)
subject
keywords
environmental Kuznets curve, renewable energy consumption, cointegration analysis, Asian tigers
language
English
id
8986527
date added to LUP
2019-08-22 08:33:57
date last changed
2019-08-22 08:33:57
@misc{8986527,
  abstract     = {{Rising levels of greenhouse gas emissions and their detrimental impact on the environment are at risk of jeopardizing global development achievements and limit future economic growth. In an effort to decarbonize the energy sector, the global community has pointed to renewable energy sources as a flagship technology. Estimating the long- and short-run relationship between emissions, income and the share of renewable energy consumption, an ARDL bounds test for cointegration after Pesaran et al. (2001) is conducted for the Asian tiger economies of Hong Kong, Singapore, South Korea and Taiwan in the period 1990-2016. The results support the existence of an environmental Kuznets curve for Taiwan in the long-run and for Singapore in the short-run. Furthermore, an increase in renewable energy consumption is found to have a detrimental effect on the environment in Taiwan, while it is found to decrease emission levels in Singapore in the long-run. Finally, no long-run relationship between variables was found for Hong Kong, while cointegration could not be tested in South Korea, given the variables’ order of integration.}},
  author       = {{Meierhofer, Fanny Zoe}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{What goes up, must come down}},
  year         = {{2019}},
}