Universal Financial Crisis and Association of Southeast Asian Nations CO2 Emission

B. Bakhtyar
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B. Bakhtyar: School of Economy, Finance and Banking, Collage of Business, University Utara Malaysia, 06010 Sintok, Malaysia.

International Journal of Energy Economics and Policy, 2017, vol. 7, issue 5, 137-141

Abstract: The Association of Southeast Asian Nations (ASEAN) includes 10 Nations in Southeast Asia. Its population is approximately 600 million people with combined nominal gross domestic production (GDP) had grown to more than US$ 2.3 trillion, almost equal with eighth largest economy in the world. Many strong economies worldwide suffered from the global financial crisis (GFC) in 2008 which resulted dipping in global CO2 emission. This study surveyed the consumption trend of petrol, coal, and natural gas as main carbon emissions in all 10 countries from 2002 to 2012. Economic growth and its effect on CO2 emission were illustrated. Although the effect of global financial economy varies in the different selected economies, the trend of CO2 emission was not dependent on GDP changes. In contrast to global emission, the 2008 GFC and the decrease in GDP did not result in the reduction of CO2 emission among ASEAN members.

Keywords: CO 2 emission; Major Asian Countries (MAC); Gross Domestic Production (GDP); Global Financial Crisis (GFC) (search for similar items in EconPapers)
JEL-codes: F64 G01 Q4 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2017-05-14

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