CO2 Emissions-Economic Growth Relationship Revisited: New Insights from the Time-Varying Cointegration Approach

  • Focus Area -
  • Type KAPSARC journal article
  • Date 22 June 2020
Print

Abstract

One of the most discussed topics of Environmental economics is the choice of the appropriate functional form to examine the income-environmental impact relationship. Since the developing economies encounter different development stages, the use of relevant specification and technique gains special importance to reveal the country speci c relationship. Considering the afore-mentioned points, this study employs the time-varying cointegration approach to investigate the CO2 emissions-economic growth relationship in the case of developing country, Azerbaijan. Time-varying cointegration approach a) takes into account the varying nature of elasticity of emissions and b) does not require the functional specification to be a polynomial. e results document a long-run relationship between carbon emissions and income. e study also concludes that the EKC hypothesis does not hold in Azerbaijan. e positive and time-varying income elasticity of carbon emissions, slightly decreasing at the end of the time period, can be seen as an indication that the country has implemented a number of successful emission/pollution regulatory measures.

https://www.czso.cz/documents/10180/125507863/320197_20_154_Mykayilov.pdf/7e9e1818-4406-4b6a-8a1c-22df93ba6ded?version=1.0

Czech Statistical Office

Authors

Jeyhun Mikayilov

Jeyhun Mikayilov

Research Fellow Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State… Jeyhun is a research fellow at KAPSARC. He received his B.A. and M.S. from Azerbaijan State University (now Baku State University) in mathematics. Jeyhun holds a Ph.D. in applied mathematics and a D.S. in econometrics. Before joining KAPSARC in September 2017, Jeyhun was an associate professor at the Department of Statistics and Econometrics at Azerbaijan State University, and the Department of Economics at Qafqaz University, where he taught econometrics, statistics, and mathematical economics. His other roles have included director of the Research Institute for Social Sciences and Humanities, and head of the Center for Socio-Economic Research. Jeyhun was a postdoctoral researcher at Indiana University Bloomington, United States (U.S.). He has also been a visiting researcher at several institutions, including the Center for Econometric Research, Sungyunkwan University in Seoul, South Korea; Vistula University, Warsaw, Poland; the University of North Texas, and the University of South Texas, both in the U.S. Jeyhun’s research is focused on applied time series econometrics, the economics of energy, the environment and sustainable development. He has authored over 40 scientific articles published in peer-reviewed journals and is an editorial board member of the International Journal of Advanced Multidisciplinary Research and Review, the Journal of Management, Economics and Industrial Organization, and the Journal of Socio-Economic Studies, and a member of the International Association for Energy Economics.

Expertise

  • Applied Time Series Econometrics
  • The Economics of Energy and Environment
  • Sustainable Development

Publications See all Jeyhun Mikayilov’s publications

Fakhri Hasanov

Fakhri Hasanov

Senior Fellow I Fakhri Hasanov is a senior fellow and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience… Fakhri Hasanov is a senior fellow and leads the KAPSARC Global Energy Macroeconometric Model projects with 20+ years of experience in econometric modeling and forecasting. Since 2015, he has been involved in multistakeholder projects, leading and executing macroeconomic analysis of various policy choices and initiatives (e.g., energy prices, energy demand, and fiscal reforms) for the Kingdom’s economy. He has extensive experience working with policymakers. Prior to KAPSARC, he was a post-doc at George Washington University. His research mainly covers macro-econometric modeling for energy and environmental economics policy analyses. Dr. Hasanov has authored 50+ applied studies published in reputable journals such as Energy Policy, Energy Economics, Empirical Economics, and Energy Strategy Review. His research is recognized internationally (e.g., he is listed among the top 2% of scientists globally by Elsevier). Fakhri is an editorial board member of various peer-reviewed journals, such as Frontiers in Environmental Science. He holds a Ph.D. in econometrics.

Expertise

  • Econometric modeling and forecasting
  • Time series and panel data econometrics
  • Macroeconometric models for policy analyses
  • Energy economics
  • Environmental economics.

Publications See all Fakhri Hasanov’s publications

Nicholas Apergis

Nicholas Apergis

Share this Publication

Stay informed

 I'm interested in

Select the updates you'd like to receive from us

About

A bit about you