Convergence CO2 Emission in ASEAN Countries: Augmented Green Solow Model Approach

Edy Yusuf Agung Gunanto, Tri Wahyu, Jaka Aminata and Banatul Hayati
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Edy Yusuf Agung Gunanto: Department of Economic and Development, Diponegoro University, Indonesia
Tri Wahyu: Department of Economic and Development, Diponegoro University, Indonesia
Jaka Aminata: Department of Economic and Development, Diponegoro University, Indonesia
Banatul Hayati: Department of Economic and Development, Diponegoro University, Indonesia

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 5, 572-578

Abstract: The purpose of this study is to analyze convergence and factors that affect CO2 growth in ASEAN countries. The model used is the Augmented Green Solow Model developed by Rios & Gianmoena (a2018) based on Brock & Taylor (2004, 2010) which takes into account spatial effects. This study found that during the period 1971-2019, ASEAN countries experienced convergence which was shown to be a significant and negative coefficient of initial CO2, but was fairly slow compared to other studies or regions. Significant variables affect CO2/capita growth in ASEAN countries, namely physical capital investment and trade openness that increases emissions, while human capital significantly reduces emissions. Significant spatial effects occur in initial CO2/capita, physical capital investment, and human capital. The Kyoto Protocol was found to be insignificant in CO2/capita growth in ASEAN countries.

Keywords: CO2; Convergence; Green Solow Model (search for similar items in EconPapers)
JEL-codes: C23 O13 O44 Q53 Q56 (search for similar items in EconPapers)
Date: 2021
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