title: The nexus of oil consumption, CO2emissions and economic growth in China, Japan and South Korea.
abstract: This article attempts to explore the nexus between oil consumption, economic growth and carbon dioxide (CO2) emissions in three East Asian oil importing countries (i.e. China, South Korea and Japan) over the period 1980-2013, by using the Granger causality, Johansen cointegration test, Generalised Impulse Response functions (GIRF) and variance decompositions. The empirical findings provide evidence for the existence of a long-run relationship between oil consumption and economic growth in China and Japan. The results also point to a uni-directional causality from running from oil consumption to economic growth in China and Japan, and from oil consumption to CO2emissions in South Korea. The overall results of GIRF reveal that while economic growth in China and South Korea shows a positive response to oil consumption, this variable responses negatively to the same shock in Japan. In addition, oil consumption spikes cause a negative response of CO2emissions in Japan and China, as well as a U-shape response in South Korea.
authors.affiliation: Faculty of Economics and Accounting, Islamic Azad University South Tehran Branch, Tehran, Iran. behnazsaboori@yahoo.com.
authors.forename: Behnaz
authors.identifier: http://orcid.org/0000-0003-2933-3098
authors.initials: B
authors.lastname: Saboori
authors.affiliation: Saint Petersburg State University, Saint Petersburg, Russia.
authors.forename: Ehsan
authors.initials: E
authors.lastname: Rasoulinezhad
authors.affiliation: Gubkin Russian State University of Oil and Gas, Moskva, Russia.
authors.forename: Jinsok
authors.initials: J
authors.lastname: Sung
mesh_terms: D002245:Carbon Dioxide; D057217:Economic Development; D004736:Energy-Generating Resources; D005202:Asia, Eastern; D000066388:Oil and Gas Industry
chemical_list: D002245:Carbon Dioxide
keywords: CO2 emissions; China; Economic growth; Japan; Oil consumption; South Korea