Author(s)

Patrick Niyonzima^*, Xilong Yao, Elvis Kwame Ofori

College of Economics and Management, Taiyuan University of Technology, Taiyuan, China.

Our work investigated the relationship between carbon dioxide emissions and economic development in 10 different countries from 2010 to 2019, using a panel data technique. The growth of the economy in different countries involves greater use of energy, which leads to more CO₂ emissions; hence pollution is intimately related to the growth of the economy and development. By applying the ECM analysis, we confirmed the long-run correlation between Gross Domestic Product and the emissions of CO₂ is positive, due to the sluggish adoption of new low-carbon policies, which makes it difficult to attain the same output level with lower carbon dioxide emissions in the long run. The short-run relationship between GDP and the emissions of CO₂ is negative, while coherent energy policies are due to help in accomplishing a quick development through more intensive energy consumption, yet our findings show that growth slows as carbon dioxide emissions rise.

ECM, GDP, Carbon Dioxide Emissions, Panel Data Approach

Niyonzima, P., Yao, X. and Ofori, E.K. (2022) How Do Economic Growth and the Emissions of Carbon Dioxide Relate?. Open Access Library Journal, 9, 1-16. doi: 10.4236/oalib.1108516.