scholarly journals The Relation between Financial Development, Energy Consumption and Economic Growth: Empirical Evidence for the United States

2014 ◽  
Author(s):  
Kim-Song Le ◽  
Dominic Gasbarro ◽  
Grant Cullen
Keyword(s):  
United States ◽  
Economic Growth ◽  
Energy Consumption ◽  
Empirical Evidence ◽  
Financial Development ◽  
The United States

Energy consumption, CO2 emissions, and economic growth in the United States, China, and India: A wavelet coherence approach

2019 ◽  
Vol 31 (5) ◽  
pp. 886-902 ◽  
Author(s):  
Ramin Khochiani ◽  
Younes Nademi
Keyword(s):  
Climate Change ◽  
United States ◽  
Economic Growth ◽  
Energy Consumption ◽  
Positive Relationship ◽  
The United States ◽  
Wavelet Coherence ◽  
Policy Makers ◽  
Significant Positive Relationship ◽  
China And India

Climate change is one of the most dangerous threats to human beings, and therefore, it is of great importance for the researchers to inform the policy makers of the threats of climate change and global warming. One of the main causes of climate change is the greenhouse gas emissions, particularly CO2 emissions. In this paper, we try to find a nexus between energy consumption, CO2 emissions, and economic growth in the United States, China, and India, known as three most polluting countries in the world. For this purpose, we applied the wavelet correlation and the partial wavelet coherence approaches during the period 1971–2013. The empirical results for the United States show that the GDP is positively correlated with the CO2 emissions and energy consumption in all frequencies. For China, there is a significant positive relationship between the GDP and CO2 emissions/energy consumption for the short-term horizon. However, for India, although there is a significant positive relationship between the GDP and CO2 emissions, the nexus between the GDP and the energy consumption is not clear. Furthermore, the pollution haven hypothesis was confirmed by the obtained empirical results. Based on our study, we suggest the policy makers in these three countries making supportive decisions for the producers to use modern environment-friendly technologies and renewable energies in their products.

Energy consumption and economic growth in the United States

2016 ◽  
Vol 48 (39) ◽  
pp. 3763-3773 ◽  
Author(s):  
Vipin Arora ◽  
Shuping Shi
Keyword(s):  
United States ◽  
Economic Growth ◽  
Energy Consumption ◽  
The United States

scholarly journals Testing Environmental Kuznets Curve in the USA: What Role Institutional Quality, Globalization, Energy Consumption, Financial Development, and Remittances can Play? New Evidence From Dynamic ARDL Simulations Approach

2021 ◽  
Vol 9 ◽  
Author(s):  
Muhammad Imran Khan ◽  
Muhammad Kamran Khan ◽  
Vishal Dagar ◽  
Bahareh Oryani ◽  
Syeda Saba Akbar ◽  
...  
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
Financial Development ◽  
Environmental Quality ◽  
Environmental Kuznets Curve ◽  
Institutional Quality ◽  
The United States ◽  
Kuznets Curve ◽  
The Usa ◽  
The Impact

This study intends to examine the validity of the Environmental Kuznets Curve (EKC) in the United States of America (USA), considering the vital role of macroeconomic variables, such as economic growth, institutional quality, globalization, energy consumption, financial development, urbanization, and remittance from 1985 to 2020. The impact of positive/negative shock in a regressor on CO2 emissions keeps other regressors unchanged and has been investigated using the novel dynamic stimulated autoregressive distributed lag (ARDL) model. The empirical findings revealed the positive impact of economic growth and negative impact of the square economic growth on environmental degradation in the short- and long term. It indicates the validity of the EKC hypothesis in the case of the USA. Moreover, financial development, energy consumption, globalization, remittances inflow, and urbanization reduce the environmental quality. On the contrary, institutional quality improves the environmental quality by reducing CO2 emissions. The appropriate recommendations to design the inclusive economic-environment national energy policy were proposed.

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