Title: Quadrilateral causal analysis of economic growth in India

Authors: Avik Sinha

Addresses: Indian Institute of Management Indore, Prabandh Shikhar, Rau-Pithampur Road, Indore 453556, Madhya Pradesh, India

Abstract: The economic growth pattern of India demonstrates that continuous consumption of fossil fuel is increasing the level of CO₂ emissions. This issue also highlights the problem of energy efficiency. An error correction model has been formulated to investigate the causal association between fossil fuel consumption, energy efficiency, economic growth, and CO₂ emission of India. The study has been conducted for the duration of 1971-2010. Major findings of this study are (a) the pattern of economic growth is resulting in energy efficiency, and (b) this energy efficiency is attained by establishing the missing feedback link in the Environmental Kuznets Curve (EKC).

Keywords: CO2; carbon dioxide; carbon emissions; economic growth; environmental Kuznets curve; energy efficiency; India; causal analysis; fossil fuels; error correction model; energy consumption.

DOI: 10.1504/IJGE.2015.075193

International Journal of Green Economics, 2015 Vol.9 No.3/4, pp.215 - 225

Received: 26 May 2015
Accepted: 24 Nov 2015
Published online: 07 Mar 2016 *

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