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Sample Assignment on Economics PDF

Added on - 06 Oct 2021

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Running head: ECONOMICS
Economics
Name of the student
Name of the University
Author Note
1ECONOMICS
Table of Contents
Introduction:...............................................................................................................................2
Literature Review:......................................................................................................................2
Findings and limitations:............................................................................................................6
References:.................................................................................................................................7
2ECONOMICS
Introduction:
During last decades, energy efficiency has become as one of the main offsetting
factors of increasing carbon dioxide emissions and energy consumption at international level.
However, importance of this energy efficiency has been realised since the begging of
industrialisation. Energy consumption has increased significantly and this further has brought
negative impacts on natural resources (Xu et al., 2015). The global economy is depended
heavily on oil and gas. Due to industrialisation, using of these resources has increased
significantly across the world. This further has increased costs and generated imbalances in
financial aspects in international economy. Moreover, carbon dioxide emission (CO2) has
generated conflicts on environmental protection and sustainable development. This process
has linked directly with energy usage that has influenced economical and environmental
policies significantly (Mi et al., 2015). In addition to this, institutional quality or governance
also plays crucial role to influence economic condition of an economy (Yerrabati & Hawkes,
2015). Proper policy implications and efficient governance helps an economy to grow further
while the opposite situation may occur due to inefficient activity of the government.
To understand this situation, this report intends to conduct a comprehensive literature
review for measuring relationship between CO2emission, energy efficiency and governance
with economic growth. Through analysing these factors, the report will identify various
findings and limitations of these previous researches.
Literature Review:
Energy efficiency and economic growth:
Energy efficiency implies the goal for decreasing the amount of energy, which is
essential to produce goods and services. Through improving technology or production
process more efficiently, the economy can achieve its energy efficiency. It has become a
chief concern for policymakers as well as industry (Schandl et al., 2016). Pollution within
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