How do economic growth, trade openness, and non-renewable and renewable energy affect environmental quality in VISTA Countries?

İlyas Bayar () and Mehmet Dabakoglu ()

Economic Journal of Emerging Markets, 2024, vol. 16, issue 1, 63-76

Abstract: Purpose ─ This study examines the effects of economic growth, the use of renewable and non-renewable energy sources, and trade openness on carbon emissions in VISTA countries (Vietnam, Indonesia, South Africa, Turkiye, and Argentina)Method ─ In this work, empirical methods include the second-generation unit root and cointegration tests, as well as Panel AMG and Panel CCE estimators.Findings ─ The following are the key findings. First, the variables demonstrate a long-run relationship. Second, economic growth and the consumption of non-renewable energy sources contribute to an increase in carbon emissions over time, whereas the consumption of renewable energy sources lowers carbon emissions over time. Implication ─ To promote sustainable growth in VISTA countries, it is recommended to increase investments in renewable energy sources while enhanching public sector supports for the private sector.Originality ─ This is the first study to examine how economic growth, trade openness, and renewable and non-renewable energy sources affect carbon emissions in VISTA nations.

Keywords: VISTA countries; economic growth; trade openness; renewable and nonrenewable energy; carbon emissions (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:uii:journl:v:16:y:2024:i:1:p:63-76:id:30570

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