Economic Growth, CO2 Emissions and Energy Consumption: The Case of Bangladesh
International Journal of Business and Economics Research
Volume 3, Issue 6, December 2014, Pages: 220-227
Received: Nov. 12, 2014; Accepted: Nov. 26, 2014; Published: Dec. 16, 2014
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Authors
Bikash Chandra Ghosh, Department of Economics, Pabna University of Science & Technology, Pabna-6600, Bangladesh
Khandakar Jahangir Alam, Department of Economics, Begum Rokeya University, Rangpur, Bangladesh
Md. Ataul Gani Osmani, Department of Economics, University of Rajshahi, Rajshahi-6205, Bangladesh
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Abstract
Issues on climate change have been recognized as serious challenges for regional sustainable development both at a global and local level. Given the background that most of the artificial carbon emissions are resulted from the energy consumption sector and the energy is also the key element resource for economic development, this study examines economic growth, CO2 emissions and energy consumption relationship in Bangladesh by using cointegration test. For this purpose 1972-2011 periods taken and annual data of Gross Domestic Product (Y), Carbon Dioxide Emissions (CO) and Energy Consumption (EC) are used. The obtain results from this paper indicated that energy consumption has a positive and significant impact on economic growth while carbon emission has a negative and insignificant effect, ensuring that economic growth in Bangladesh can be achieved without degrading the quality of the environment.
Keywords
Economic Growth, CO2 Emissions, Energy Consumption, Bangladesh, Cointegration Test
To cite this article
Bikash Chandra Ghosh, Khandakar Jahangir Alam, Md. Ataul Gani Osmani, Economic Growth, CO2 Emissions and Energy Consumption: The Case of Bangladesh, International Journal of Business and Economics Research. Vol. 3, No. 6, 2014, pp. 220-227. doi: 10.11648/j.ijber.20140306.13
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