The Impact of Environmental Performance on Economic Growth: A Study of ASEAN Countries

Rini Lestari, Boyke Rahmat Ramdani, Pupung Purnamasari and N. Nurfahmiyati
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Rini Lestari: Department of Accounting, Faculty of Economics and Business, Universitas Islam Bandung, Bandung, Indonesia,
Boyke Rahmat Ramdani: Department of Accounting, Faculty of Economics and Business, Universitas Islam Bandung, Bandung, Indonesia,
Pupung Purnamasari: Department of Accounting, Faculty of Economics and Business, Universitas Islam Bandung, Bandung, Indonesia,
N. Nurfahmiyati: Department of Development Economics, Faculty of Economics and Business, Universitas Islam Bandung, Bandung, Indonesia.

International Journal of Energy Economics and Policy, 2023, vol. 13, issue 5, 132-138

Abstract: The aim of this study is to explore the effect of environmental performance on economic growth, the effect of environmental performance on health expenditure, the effect of health expenditure on economic growth, and the role of health expenditure in mediating the effect of environmental performance on economic growth. The study uses a quantitative research method with a verification approach and utilizes secondary data from the World Bank Indicator. Purposive sampling has been used in this study, and the sample involved countries from the ASEAN region. The statistical analysis tool used in this study is EViews version 12. The results indicate that environmental performance has an impact on economic growth, that environmental performance affects health expenditure, that health expenditure has an impact on economic growth, and that health expenditure can mediate the impact of environmental performance on economic growth. According to the study's findings, ASEAN companies must reduce the environmental damage caused by their activities in order to improve their environmental performance, which will help boost economic growth in ASEAN countries.

Keywords: ASEAN; Economic Growth; Environmental Performance; Health Expenditure; Quantitative Research Method (search for similar items in EconPapers)
JEL-codes: F64 F65 (search for similar items in EconPapers)
Date: 2023
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