TY - JOUR
T1 - The nexus of oil consumption, CO2 emissions and economic growth in China, Japan and South Korea
AU - Saboori, Behnaz
AU - Rasoulinezhad, Ehsan
AU - Sung, Jinsok
N1 - Publisher Copyright:
© 2017, Springer-Verlag Berlin Heidelberg.
PY - 2017/3/1
Y1 - 2017/3/1
N2 - This article attempts to explore the nexus between oil consumption, economic growth and carbon dioxide (CO2) emissions in three East Asian oil importing countries (i.e. China, South Korea and Japan) over the period 1980–2013, by using the Granger causality, Johansen cointegration test, Generalised Impulse Response functions (GIRF) and variance decompositions. The empirical findings provide evidence for the existence of a long-run relationship between oil consumption and economic growth in China and Japan. The results also point to a uni-directional causality from running from oil consumption to economic growth in China and Japan, and from oil consumption to CO2 emissions in South Korea. The overall results of GIRF reveal that while economic growth in China and South Korea shows a positive response to oil consumption, this variable responses negatively to the same shock in Japan. In addition, oil consumption spikes cause a negative response of CO2 emissions in Japan and China, as well as a U-shape response in South Korea.
AB - This article attempts to explore the nexus between oil consumption, economic growth and carbon dioxide (CO2) emissions in three East Asian oil importing countries (i.e. China, South Korea and Japan) over the period 1980–2013, by using the Granger causality, Johansen cointegration test, Generalised Impulse Response functions (GIRF) and variance decompositions. The empirical findings provide evidence for the existence of a long-run relationship between oil consumption and economic growth in China and Japan. The results also point to a uni-directional causality from running from oil consumption to economic growth in China and Japan, and from oil consumption to CO2 emissions in South Korea. The overall results of GIRF reveal that while economic growth in China and South Korea shows a positive response to oil consumption, this variable responses negatively to the same shock in Japan. In addition, oil consumption spikes cause a negative response of CO2 emissions in Japan and China, as well as a U-shape response in South Korea.
KW - China
KW - CO emissions
KW - Economic growth
KW - Japan
KW - Oil consumption
KW - South Korea
UR - http://www.scopus.com/inward/record.url?scp=85009887807&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=85009887807&partnerID=8YFLogxK
U2 - 10.1007/s11356-017-8428-4
DO - 10.1007/s11356-017-8428-4
M3 - Article
C2 - 28108924
AN - SCOPUS:85009887807
SN - 0944-1344
VL - 24
SP - 7436
EP - 7455
JO - Environmental Science and Pollution Research
JF - Environmental Science and Pollution Research
IS - 8
ER -