Abstract
The relationship among economic growth, energy use, financial development, and carbon emissions (CO2) in the ASEAN
nations is inspected in this study for the time period from 2000-2018. For examining aforementioned relationships, several
econometric techniques are applied. The second-generation stationarity test is applied to investigate the integration order of the
data series. This study uses these two CIPS and PESCADF unit root rest, and the results indicate that carbon emission is
integrated at level I(0), and the rest of all are I(1). Further, the study employed panel cointegration test proposed by Kao and
Johansen Fisher test and these tests validate the existence of cointegration among data series. The analysis revealed the existence
of cointegration among data series. Moreover, to estimate the long and short-run relationships, Pooled Mean Group (PMG),
Dynamic Ordinary Least Squares (DOLS), and Fully Modified Ordinary Least Squares (FMOLS) estimators are used. The
impact of economic growth, energy consumption and financial development is found to be positive on CO2 emission. The
outcomes suggest that economic growth, energy use and financial development increase CO2 emission in selected nine ASEAN
economies.
Muhammad Atif Nawaz, Tusawar Iftikhar Ahmad, Muhammad Sajjad Hussain, Muhammad Azhar Bhatti. (2020) How Energy Use, Financial Development and Economic Growth Affect Carbon Dioxide Emissions in Selected Association of South East Asian Nations?, Paradigms , Vol 14, Issue .
-
Views
1796 -
Downloads
174
Previous Article
