DOES CLIMATE CHANGE IMPACT OUTPUT? AN EMPIRICAL EVIDENCE FROM ASIA PACIFIC COUNTRIES

Chinmaya Behera (), Ranjan Kumar Mohanty (), Biswashree Tanaya Priyadarsini () and Debasis Patnaik ()
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Chinmaya Behera: Goa Institute of Management, Goa, India
Ranjan Kumar Mohanty: XIM University, Bhubaneswar, Odisha, India
Biswashree Tanaya Priyadarsini: BITS Pilani, K K Birla Goa Camus, India
Debasis Patnaik: BITS Pilani, K K Birla Goa Camus, India

Bulletin of Monetary Economics and Banking, 2025, vol. 28, issue Spesial Issue, 123-136

Abstract: The study examines the nexus between output, Gross Domestic Product (GDP), renewable energy, trade openness, carbon emission, and foreign direct investment in Asia Pacific countries Using the autoregressive distributed lag model and yearly data from 1990 to 2021, we find (a) a long-run relationship among the variables under consideration, (b) that GDP positively impacts output in most countries, (c) that CO2 and renewable energy display varied effects, and (d) in the short run, GDP and trade openness generally exert a positive influence, but GDP demonstrates a mix of positive and negative impacts. Policymakers need to provide stable policies for environmental variables for sustainable growth.

Keywords: CO2; Renewable energy; Trade openness; FDI; GDP (search for similar items in EconPapers)
JEL-codes: B27 F13 F64 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:idn:journl:v:28:y:2025:i:sph:p:123-136

DOI: 10.59091/2460-9196.2372

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