Economic growth, energy intensity and carbon dioxide emissions: Evidence of club convergence and policy implications for developing and transition countries

This thesis empirically investigates club convergence based on a large panel dataset of 80 countries for the period 2000-2014. It identifies key determinants of growth convergence for developing countries in transition towards sustainable development, using the Phillips and Sul (2007) technique and ordered logistic modelling. Inter alia, the findings indicate that attracting more foreign direct investment, increasing human and physical capital, and switching to cleaner energy sources can significantly accelerate economic growth and lower CO2 emissions intensity. The results can be used to design strategic policies to boost economic growth while ensuring lower energy and CO2 emissions intensity.