THE RELATIONSHIP BETWEEN CO2 EMISSION, ELECTRICITY CONSUMPTION AND ECONOMIC GROWTH IN OECD COUNTRIES

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In this study, it’s been analyzed that if there is the correlation between the CO2 emissions, electricity consumption and economic growth in the OECD countries between the years of 1980-2010. As a result of panel cointegration tests, it was concluded that there is cointegration relations-hips between CO2 emissions, Gross Domestic Product and electricity consumption. Long-term fo-recasts has shown that there is statistically significant relationship between electricity consumption and CO2 emissions in the majority of 30 OECD countries. Also the conclusion supporting the En-vironmental Kuznets Curve (EKC) hypothesis which means that there is a nonlinear relationship between CO2 emissions and economic growth were reached. Finally results of Panels Vector Error Correction Model are show that there is a one-way causality relationship between Gross Domestic Product and CO2 emissions and there is bi-directional causality relationship between Gross Domes-tic Product and electricity consumption in the short term

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Sustainable Development , Energy , Environmental Kuznets Curve , Panel Unit Root , Cointegration and Panel VECM

Erciyes University Journal Of Economics an‎d Administrative Sciences

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Erciyes University Journal Of Economics an‎d Administrative Sciences