CO 2 Emissions in G20 Nations through the Three-Sector Model

Kejia Yan (), Rakesh Gupta and Victor Wong
Additional contact information
Kejia Yan: School of Management, Xiamen University, Xiamen 361005, China
Rakesh Gupta: Department of Accounting, Finance and Economics, Griffith University, Nathan 4111, Australia
Victor Wong: Department of Accounting, Finance and Economics, Griffith University, Nathan 4111, Australia

JRFM, 2022, vol. 15, issue 9, 1-25

Abstract: This paper examines the relationship between CO 2 emissions in three economic sectors of G20 member countries using the environmental IPAT model and STIRPAT model and validates the EKC hypothesis by comparing the results for developing and developed countries. The results confirm that there is a significant long-run equilibrium relationship between the three sectors (primary, secondary, and tertiary) and CO 2 emissions across the panel. Furthermore, the long-run elasticities suggest that the primary sector (agriculture) positively and negatively affects the CO 2 emissions of developing and developed economies, respectively. This finding proves that the development of agriculture is in line with the EKC hypothesis that a more developed economy will instead improve environmental degradation. Based on the findings, for each sector, we provide policymakers with suggestions to potentially curb CO 2 emissions without significantly compromising economic growth.

Keywords: three-sector model; EKC; G20 nations; curbing CO 2 emissions; economic growth (search for similar items in EconPapers)
JEL-codes: C E F2 F3 G (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1911-8074/15/9/394/pdf (application/pdf)
https://www.mdpi.com/1911-8074/15/9/394/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jjrfmx:v:15:y:2022:i:9:p:394-:d:907164

Access Statistics for this article

JRFM is currently edited by Ms. Chelthy Cheng

More articles in JRFM from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().