Environmental Kuznets Curve in ASEAN: Effects of Growth, Trade, Renewable Energy, and Industrialization

Muhammad Ridwan Manulusi (), Rahmatia Rahmatia, Madrid Madris and Nur Dwiana Sari Saudi
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Muhammad Ridwan Manulusi: Hasanuddin University
Rahmatia Rahmatia: Hasanuddin University
Madrid Madris: Hasanuddin University
Nur Dwiana Sari Saudi: Hasanuddin University

A chapter in Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), 2025, pp 3181-3199 from Springer

Abstract: Abstract This study explored the effects of trade openness, economic growth, renewable energy consumption, and industrialization on carbon dioxide emissions in five developing ASEAN countries from 1991 to 2020. A dynamic panel model was used for data analysis, incorporating cross-sectional dependence tests, panel unit root tests, and panel cointegration methods. Estimations were conducted using FMOLS, DOLS, and Sys-GMM techniques for accuracy. Results indicated that trade openness significantly reduced carbon emissions by facilitating access to clean technologies and promoting environmental sustainability. Economic growth followed the Environmental Kuznets Curve (EKC) pattern, with emissions rising in the early stages of growth and decreasing as income levels increased. Industrialization was found to increase emissions in the long term, while renewable energy consumption effectively reduced them. The findings underscore the critical role of trade openness, renewable energy investments, and strict industrial policies in reducing carbon dioxide emissions, emphasizing their importance for sustainable development in ASEAN countries.

Keywords: Trade Openness; Economic Growth; Renewable Energy; Industrialization; CO2; EKC (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-758-8_266

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DOI: 10.2991/978-94-6463-758-8_266

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