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Energy consumption, economic growth, and carbon emissions: Challenges faced by an EU candidate member
Authors:Ugur Soytas  Ramazan Sari
Institution:a Middle East Technical University, Department of Business Administration, 06531 Ankara, Turkey
b Abant Izzet Baysal University, Department of Economics, 14280 Bolu, Turkey
Abstract:This paper investigates the long run Granger causality relationship between economic growth, carbon dioxide emissions and energy consumption in Turkey, controlling for gross fixed capital formation and labor. The most interesting result is that carbon emissions seem to Granger cause energy consumption, but the reverse is not true. The lack of a long run causal link between income and emissions may be implying that to reduce carbon emissions, Turkey does not have to forgo economic growth.
Keywords:Carbon dioxide emissions  Economic growth  Energy consumption  Turkey
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