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Economic Growth, Energy Transition, and GHG Emissions in India: Evidence from ARDL-ECM, EKC, and Granger Causality Analysis (1990-2024)

インドにおける経済成長、エネルギー転換、GHG排出:ARDL-ECM、EKC、グレンジャー因果分析からのエビデンス(1990-2024) (AI 翻訳)

Singh B, Negi R

Research Squareプレプリント2026-07-06#エネルギー転換
DOI: 10.21203/rs.3.rs-9070611/v1
原典: https://doi.org/10.21203/rs.3.rs-9070611/v1

🤖 gxceed AI 要約

日本語

本研究は、1990年から2024年までのインドのGHG排出と経済成長の関係を環境クズネツ曲線仮説に基づき分析。再生可能エネルギーの利用が長期的・短期的に排出削減に寄与する一方、直接投資による環境悪化は確認されなかった。また、技術革新の排出削減効果が長期で顕著であることを示し、排出量と経済成長の双方向因果関係を実証した。

English

This study examines the Environmental Kuznets Curve hypothesis for GHG emissions and economic growth in India from 1990 to 2024 using ARDL-ECM. It finds an inverted-U shaped EKC with a significant turning point, and that renewable energy reduces emissions in both short and long run. No evidence of FDI-induced environmental degradation; innovation reduces emissions notably in the long run. Bi-variate Granger causality confirms bidirectional link between emissions and growth.

Unofficial AI-generated summary based on the public title and abstract. Not an official translation.

📝 gxceed 編集解説 — Why this matters

日本のGX文脈において

インドの事例だが、エネルギー転換と排出削減の実証分析は日本企業のインド進出やCDM/JCM事業にも示唆を与える。また、EKC仮説の検証結果は、脱炭素政策と経済成長の両立可能性を考える上で参考になる。

In the global GX context

This paper provides empirical evidence for the EKC in a major developing economy, India, highlighting the role of renewable energy and innovation. It informs global climate policy debates on reconciling growth with emissions reduction, particularly relevant for emerging economies.

👥 読者別の含意

🔬研究者:Researchers can use the ARDL-ECM methodology and Granger causality findings for comparative studies in other developing countries.

🏢実務担当者:Corporate sustainability teams operating in India can consider the emission-reducing potential of renewable energy and innovation investments, noting the lack of FDI-driven pollution.

🏛政策担当者:Indian policymakers can leverage the EKC turning point evidence to design phased decarbonization strategies without compromising growth.

📄 Abstract(原文)

<title>Abstract</title> <p>The study examines the Environmental Kuznets Curve (EKC) hypothesis on the greenhouse gas (GHG) emissions - economic growth relationship from 1990 to 2024 in India. Furthermore, an attempt is made to evaluate the Pollution-Heaven and Halo hypotheses utilizing inward FDI, through the lens of EKC hypothesis, by applying ARDL-ECM with cointegration bound test mechanism. The findings provide strong evidence of an inverted-U shaped EKC during the sample period, highlighting a statistically significant turning point. While the usage of renewable energy is found to be reducing emissions over the long and short terms, no significant contribution of FDI has been witnessed in deteriorating environment in the Indian context. Further, it is established that innovative technologies have a significant emission-reducing role to play in the Indian context, with the effects becoming more noticeable in the long-run. Also, the bi-variate Granger causality tests have unambiguously proved a two-way link between emissions and economic growth. This emphasizes the sensitivity of emissions pathway to public policy interventions, energy transition and technological changes, and how environmental degradation cannot always be reconciled with the possible evidence of sustained economic growth, at least in the Indian context.</p>

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