Unveiling the Carbon Footprint: Investigating the Influence of Socio-Economic Factors on Carbon Emissions through FMOLS Analysis

Amin Pujiati (), Fafurida, Amelia Choya Tia Rosalia, Muhammad Aulia Rahman and Nadia Damayanti
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Amin Pujiati: Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business
Fafurida: Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business
Amelia Choya Tia Rosalia: Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business
Muhammad Aulia Rahman: Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business
Nadia Damayanti: Universitas Diponegoro, Economics Development, Faculty of Economics and Business

A chapter in Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), 2024, pp 75-96 from Springer

Abstract: Abstract This study investigates the relationship between carbon emissions and several socio-economic factors in E7 countries, employing the Fully Modified Ordinary Least Squares (FMOLS) method. The examined factors include population, renewable energy consumption, net trade, and greenhouse gases. We employ the FMOLS technique to estimate the long-term relationship between carbon emissions and these variables. The results reveal significant findings. Specifically, renewable energy consumption exhibits substantial impacts on carbon emissions. Additionally, population, net trade, and greenhouse gases also demonstrate significant associations with carbon emissions. These findings provide valuable insights into the dynamics of carbon emissions in E7 countries, suggesting policy implications for sustainable development and environmental conservation efforts.

Keywords: Carbon emissions; Socio-economic factors; E7 countries; FMOLS (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-522-5_7

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DOI: 10.2991/978-94-6463-522-5_7

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