Probing the Nexus of Trade, FDI, HDI, Non-renewable Energy, Subsidy and Globalization on Carbon Emission in ASEAN Countries: Evidence from Panel Estimations

Milhatun Nisa’ () and Muhammad Ismail Sunni
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Milhatun Nisa’: Universitas Islam International Indonesia
Muhammad Ismail Sunni: Universitas Islam International Indonesia

A chapter in Proceedings of the 2022 Brawijaya International Conference (BIC 2022), 2023, pp 69-80 from Springer

Abstract: Abstract Devastating and excessive carbon emission leading to climate change has been the utmost concern globally, with not being limited to estimate its most fitting countermeasures to mitigate but also gauging the exact parameters that become the antecedent. Rapid progress of globalization, high demand of trade, robust flow of FDI and subsidy, firm dependence on non-renewable energy sources and the quality of human capital were being evaluated and analysed, becoming the purpose of this paper, to determine which of those have a significant linkage with the increase of carbon emission. Six of developing countries of ASEAN (Cambodia, Indonesia, Malaysia, Philippines, Singapore, and Thailand) from year 2010 to year 2019 were processed as the panel data which was tested with the Lagrange multiplier and Chow test before being calculated with pooled least square (PLS) and fix effect model (FEM) after figuring out the irrelevancy of employing random effect model (REM and ARDL model as the research approach. This study, in agreement with The Environmental Kuznets Curve (EKC) hypothesis, found that all exogenous variables have a significant effect on carbon emission, except non-renewable energy, which means the switch from traditional or oil-based energy sources to renewable ones have been adequately applied. Based on the findings, corresponding recommendation and suggestions were presented at the end to diminish the intensity of carbon in selected ASEAN countries.

Keywords: Carbon emissions; FDI; HDI; Globalization; Panel estimations (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-140-1_8

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DOI: 10.2991/978-94-6463-140-1_8

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