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Asymmetric Impact of International Trade on Consumption-Based Carbon Emissions in MINT Nations

Tomiwa Adebayo (), Abraham Awosusi, Husam Rjoub, Mirela Panait and Catalin Popescu
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Mirela Panait: Department of Cybernetics, Economic Informatics, Finance and Accounting, Petroleum-Gas University of Ploiesti, 100680 Ploiești, Romania

Energies, 2021, vol. 14, issue 20, 1-19

Abstract: The association between carbon emissions and international trade has been examined thoroughly; however, consumption-based carbon emissions, which is adjusted for international trade, have not been studied extensively. Therefore, the present study assesses the asymmetric impact of trade (import and export) and economic growth in consumption-based carbon emissions (CCO 2 ) using the MINT nations (Mexico, Indonesia, Nigeria and Turkey) as a case study. We applied the Nonlinear ARDL to assess this connection using dataset between 1990 and 2018. The outcomes from the BDS test affirmed the use of nonlinear techniques. Furthermore, the NARDL bounds test confirmed long-run association between CCO 2 and exports, imports and economic growth. The outcomes from the NARDL long and short-run estimates disclosed that positive (negative) shocks in imports increase (decrease) CCO 2 emissions in all the MINT nations. Moreover, positive (negative) shocks in exports decrease (increase) CCO 2 emissions in all the MINT nations. As expected, a positive shock in economic growth triggers CCO 2 emissions while a negative shift does not have significant impact on CCO 2 emissions in the MINT nations. Furthermore, we applied the Gradual shift causality test and the outcomes disclose that imports and economic growth can predict CCO 2 emissions in the MINT nations. The study outcomes have significant policy recommendations for policymakers in the MINT nations.

Keywords: consumption-based carbon emissions; economic growth; imports; exports; environmental sustainability (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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