Economic Growth and CO2 Emission in ASEAN: Panel-ARDL Approach

Feriansyah, Hari Nugroho, Aura Asyda Larre, Qori’atul Septiavin and Cintya Khairun Nisa
Additional contact information
Feriansyah: Department of Economics, Pertamina University, Jakarta, Indonesia
Aura Asyda Larre: Department of Economics, Pertamina University, Jakarta, Indonesia
Qori’atul Septiavin: Department of Economics, Pertamina University, Jakarta, Indonesia
Cintya Khairun Nisa: Department of Economics, Pertamina University, Jakarta, Indonesia

Economics and Finance in Indonesia, 2022, vol. 68, 102-113

Abstract: This paper investigates the relationship between economic growth and CO2 emissions from 1994 to 2018 using a panel approach from eight ASEAN countries. We found an established result using the Panel ARDL Pooled Mean Group method. First, the panel Cointegration analysis shows a significant long-term relationship between GDP and CO2 emissions. Second, the error correction mechanism shows a stable and consistent value. Third, we found that GDP has a significant long-term effect on CO2 emissions in ASEAN countries. Fourth, our results also show that GDP significantly impacts CO2 emissions in the short term for four countries: Indonesia, Malaysia, Thailand, and Cambodia. Based on these empirical results, implications and policy recommendations are presented. ASEAN countries should implement green growth policies by encouraging economic development which does not suppress the environment.

Keywords: economic growth; gross domestic product; CO2 emission; panel ARDL (search for similar items in EconPapers)
JEL-codes: C52 O40 O53 Q50 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://lpem.org/repec/lpe/efijnl/202208.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:lpe:efijnl:202208

Access Statistics for this article

More articles in Economics and Finance in Indonesia from Faculty of Economics and Business, University of Indonesia Contact information at EDIRC.
Bibliographic data for series maintained by Muhammad Halley Yudhistira ( this e-mail address is bad, please contact ).