Investigating the Dynamic Relationship between Economic Growth, Energy Consumption, and CO2 Emissions in Lebanon

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Published: Dec 1, 2024
DOI: https://doi.org/10.56476/jed.v49i1.20
Keywords:
economic growth, energy consumption, carbon dioxide (CO2) emissions, time series, Lebanon, JEL Classification O40, JEL ClassificationQ40, JEL ClassificationQ50, JEL Classification C22

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Imtynan Khalifeh
University of Montpellier
https://orcid.org/0009-0007-7153-4762
Mohamed Awada
University of Montpellier
https://orcid.org/0000-0001-9929-4042
Moustapha Badran
University of Grenoble Alpes
https://orcid.org/0000-0002-3134-8291

Abstract

This research paper aims to empirically examine the causal relationship among economic growth, energy consumption, and CO2 emissions in Lebanon. The analysis utilizes annual time series data spanning from 1970 to 2022 and employs a trivariate causality model to explore the interdependencies and causal linkages between these variables. Through a systematic and rigorous investigation, this study seeks to provide valuable insights into the complex dynamics and interactions among economic growth, energy consumption, and CO2 emissions within the context of Lebanon. The findings reveal a robust unidirectional causal relationship, emphasizing the significant role of energy consumption in driving economic growth. These findings underscore the necessity for the implementation of effective energy policies that harness the potential of energy as a catalyst for sustainable development. Moreover, the study investigates the bidirectional relationship between GDP and CO2 emissions, highlighting the importance of integrating renewable energy sources within industries and manufacturing sectors to stimulate GDP growth while simultaneously curbing CO2 emissions. This transformative approach aims to foster a resilient and environmentally friendly economy, facilitating sustainable progress and development in Lebanon.

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How to Cite
Khalifeh, Imtynan, Mohamed Awada, and Moustapha Badran. 2024. “Investigating the Dynamic Relationship Between Economic Growth, Energy Consumption, and CO2 Emissions in Lebanon”. Journal of Energy and Development 49 (1):107–128. https://doi.org/10.56476/jed.v49i1.20.
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Vol. 49 No. 1 (2024): Journal of Energy and Development
Section
Articles
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Author Biographies

Imtynan Khalifeh, University of Montpellier

Imtynan Khalifeh is a Ph.D. candidate in Economics Sciences at the University of Montpellier, specializing in Finance. She holds dual master’s degrees in Banking and Financial Economics from the Lebanese University and Banking and Finance from Limoges, establishing her strong academic background. The author’s research centers around the impact of Basel III regulations on European banks, showcasing her expertise in finance, banking, economics, and econometrics. She has several scientific articles published in the Journal of Energy and Development. Additionally, she actively contributes to academia as a Lecturer of Statistics for Business at Montpellier Business School and serves as a Teaching Assistant at the Faculty of Economics, University of Montpellier, imparting her knowledge and fostering analytical skills among her students.

Mohamed Awada, University of Montpellier

Mohamed Awada earned his Doctorate in Economic Sciences from the University of Montpellier. In his thesis, he examined the interrelationships between energy supply, public debt, and economic growth as applied to a group of OECD European countries. His research interests include macroeconomics, finance, and energy economics with a focus on European countries. He has several scientific articles published in the Journal of Energy and Development and other journals. His teaching expertise covers several subjects including corporate finance, financial analysis, statistics, microeconomics, macroeconomics, and financial mathematics. He is currently working as a contractual lecturer at the Faculty of Economics in Montpellier, primarily teaching a course on private economic calculus and leading econometrics tutorials.

‪Mohamed Awada‬ - ‪Google Scholar‬

Mohamed AWADA | PhD Student | Université de Montpellier, Montpellier | UM1 | Laboratoire Montpelliérain d'Economie Théorique et Appliquée (LAMETA) - UMR 5474 et UMR_A 1135 | Research profile

Moustapha Badran, University of Grenoble Alpes

Moustapha Badran holds a Doctorate in Economic Sciences from the University of Montpellier, with a research focus on corporate finance, capital structure, and financial development. Currently, he serves as an adjunct lecturer in Economics and Social Sciences at the University of Grenoble Alpes. He has several scientific articles published in the Journal of Energy and Development and other journals. His teaching portfolio spans a range of subjects, including theoretical and time series econometrics, as well as both macroeconomics and microeconomics.

Moustapha BADRAN | Senior Researcher | Doctor of Philosophy | Université de Montpellier, Montpellier | UM1 | Montpellier Research in Economics | Research profile

 

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