Revisiting the Causal Relationship between CO2 Emissions and Economic Growth in 12 Asian Countries: Evidence from a Bootstrap Panel Causality Test
Kuei-Chiu Lee (),
Hsiao-Ping Chu (),
Tsangyao Chang () and
Roula Inglesi-Lotz ()
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Kuei-Chiu Lee: Department of Finance, Feng Chia University, Taichung, Taiwan
Hsiao-Ping Chu: Department of Business Administration, Ling Tung University, Taichung, Taiwan
No 201413, Working Papers from University of Pretoria, Department of Economics
This study applies bootstrap panel Granger causality methods to investigate the relationship between CO2 emissions and economic growth using data from 12 Asian countries over the period of 1965-2010. Both real GDP per capita and CO2 emissions data are used in this study. Empirical results indicate that one-way Granger causality running from CO2 emissions to economic growth for Pakistan, one-way Granger causality running from economic growth to CO2 emissions for India and Japan, a bi-directional causality for Thailand and Vietnam and neutrality for the remaining 7 countries (i.e., China, Indonesia, Malaysia, Philippines, Singapore, South Korea, and Taiwan). Our results have important policy implications for the 12 Asian countries under study.
Keywords: Economic Growth; CO2 Emissions; Asian Countries; Bootstrap (search for similar items in EconPapers)
Pages: 39 pages
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Persistent link: https://EconPapers.repec.org/RePEc:pre:wpaper:201413
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