Determination of Causality in Carbon Emission with respect to Economic Growth and Education

Abstract

This paper investigates the association between the level of carbon emission (CO2), economic growth and scholarly education levels in selected countries using multivariate time series approach. It considers the impact of GDP and education enrollment, as a proxy of human capital, on the level of CO2 for the countries classified according to their economic developments and regional distribution. The analyses are assessed in three different cases two of which consider the structural breaks for certain periods. The paper enables policy makers to consider the influence of education level and GDP in CO2 issues.