Abstract
This study analyses the short and long run impact of trade, energy consumption and CO2 emissions on economic growth in Brazil, India and China. The time series considered is from the period of 1978-2014. By employing ARDL bound testing approach, the long and short run effects are estimated. With Error Correction model, the findings provide that there is a short run relationship between energy and export, leading to CO2 emissions in China, there is no significant relationship between the variables and CO2 emissions in India and a short run relationship between CO2 emission and energy consumption in Brazil. The study implies that policy makers in China need to give special attention for energy sector and non-convertible energy in export sector for reduction in CO2 emissions. In India, it is essential to consider other factors that are responsible for CO2 emissions in the country. And in Brazil, the results suggest an inefficiency of the use of energy and that export oriented industries in Brazil have been diverted to convertible or renewable energy sources. DOI : 10.7176/JETP/9-7-03 Publication date :October 31 st 2019
Highlights
With the advent of industrial revolution almost a century ago, the growth of countries has significantly increased the income per capita of its populations
Data Description The variables for this study have been taken from World Development Indicators (WDI), from the available period of 1978-2014 for Brazil, China and India
By considering three important countries of BRICS, it is important to make comparison of three economies to understand the dynamics of CO2 emissions
Summary
With the advent of industrial revolution almost a century ago, the growth of countries has significantly increased the income per capita of its populations. Achieving high economic growth and continuous development has remained a primary objective of the countries for the wellbeing of their inhabitants. IEA (2018j) shows that European Union had an electricity consumption of 2.464.62 TWh in 1990 and 3.071.34 TWh in 2016, an increase of 25%. United States had a consumption of 2.923.92 TWh in 1990 and 4.147.5 TWh in 2016, increasing by 42% (IEA, 2018k). In Brazil, the electricity consumption was 217.66 TWh in 1990 and increased to 579.02 TWh in 2016 (IEA, 2018i). In 1990, its consumption was of 579.65 TWh. By 2016, it has increased to 5.898.89 TWh (IEA, 2018h), representing an evolution of 918%. The electricity consumption growth can be reflected on the development of these countries in economy and in life quality for its inhabitants as well
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