Wavelet Analysis of CO2 Emissions’ Co-movement: An Investigation of Lead–lag Effect among Emerging Asian Economies

Maryam Aziz, Muhammad Zeeshan Shaukat, Abdul Aziz Khan Niazi, Abdul Basit and Tehmina Fiaz Qazi
Additional contact information
Maryam Aziz: Institute of Business and Management, University of Engineering and Technology, Lahore, Pakistan
Muhammad Zeeshan Shaukat: Hailey College of Commerce, University of the Punjab, Lahore, Pakistan
Abdul Aziz Khan Niazi: Department of Management Sciences, University of Engineering and Technology, Lahore, Pakistan
Abdul Basit: Lahore Institute of Science & Technology, Lahore, Pakistan
Tehmina Fiaz Qazi: Hailey College of Banking and Finance, University of the Punjab, Lahore, Pakistan

Journal of Policy Research (JPR), 2023, vol. 9, issue 3, 36-51

Abstract: The rapidly increasing emissions of carbon dioxide as the main greenhouse gas have been witnessed world over in last few decades. In similarity to other continents, Asia has been affected by the carbon dioxide gas emissions over the past decades. A number of researches conducted in the past studied various aspects of CO2 emissions sources in Asia. However, this study aims to investigate the interrelationship of selected Asian countries regarding the CO2 emissions co-movements with focus on Pakistan during the period of different crises. We used WDI (World Development Indicators) yearly data for each country and compared Pakistan’s metric tons per capita CO2 emissions with those of China, Indonesia, India, Iran, Japan, Singapore, Korea, Malaysia, Sri Lanka and Turkey. Contrasting with the contemporary methods, the data is analyzed through separate wavelet power spectra, wavelet coherence and cross-wavelet transform for the determination of correlation. These models are potentially capable of analyzing the co-movements among the countries with reference to time and frequency spaces. Study being conducted at the country level; the analytical findings may directly benefit the environmental planning. The findings are useful for policy makers, regulators and environmentalists. Further discussions on environmental problems is expected to be triggered by the results of this study.

Keywords: CO2 emissions; carbon dioxide emissions; wavelet analysis; climate change; emerging economies (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://jprpk.com/index.php/jpr/article/view/374/586 (application/pdf)
https://jprpk.com/index.php/jpr/article/view/374 (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:rfh:jprjor:v:9:y:2023:i:3:p:36-51

Access Statistics for this article

Journal of Policy Research (JPR) is currently edited by Dr. Muhammad Irfan Chani

More articles in Journal of Policy Research (JPR) from Research Foundation for Humanity (RFH) Contact information at EDIRC.
Bibliographic data for series maintained by Dr. Muhammad Irfan Chani ().