Sustainable Pathways: CO2 Emissions, FDI, Trade, and Energy in Post-Communist Economies


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Authors

  • Lucie Tichá Department of Trade, Tourism and Languages, Faculty of Economics, University of South Bohemia, Studentská 13, 37005 Ceske Budejovice, Czech Republic
  • Bekhzod Djalilov Tashkent Metropolitan University, Tashkent 100077, Uzbekistan
  • Raufhon Salahodjaev University of Tashkent for Applied Sciences, Str. Gavhar 1, Tashkent 100149, Uzbekistan, Tashkent State University of Economics, Tashkent 100066, Uzbekistan
  • Dilnoza Allanazarova Tashkent State University of Economics, Tashkent 100066, Uzbekistan

DOI:

https://doi.org/10.32479/ijeep.15322

Keywords:

Economic Growth, Energy, CO2, FDI, Trade

Abstract

This study explores the intricate interplay among CO2 emissions, economic development, foreign direct investment (FDI) inflows, trade, and energy consumption in post-communist republics spanning from 1995 to 2017. Utilizing a panel cointegration test, we unveil a profound and enduring relationship among these variables. Long-term elasticities are meticulously examined through Dynamic Ordinary Least Squares (DOLS) and Fully Modified Ordinary Least Squares (FMOLS) regressions, both of which consistently reveal a positive association between GDP per capita, FDI inflows, trade, energy consumption, and CO2 emissions per capita over the long term. Moreover, employing a panel causality test, our analysis identifies a robust unidirectional causality, specifically from CO2 emissions to energy consumption, signifying a pivotal link in the chain of influence (p<0.01). These findings shed light on the nuanced dynamics of CO2 emissions and their intricate connections with economic growth, foreign investments, trade, and energy usage in the post-communist context.

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Published

2024-03-15

How to Cite

Tichá, L., Djalilov, B., Salahodjaev, R., & Allanazarova, D. (2024). Sustainable Pathways: CO2 Emissions, FDI, Trade, and Energy in Post-Communist Economies. International Journal of Energy Economics and Policy, 14(2), 499–506. https://doi.org/10.32479/ijeep.15322

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