CO2 emissions, economic growth, energy consumption and trade openness relationship in Asian countries: Application of panel analysis to explore thresholds across development periods
Authors
DOI: https://doi.org/10.57110/vnu-jeb.v5i6.381Keywords:
energy consumption, economic growth, trade openness, ASIA, CO2 emissionsReferences
Abbas, M., Yang, L., & Lahr, M. L. (2024). Globalization’s effects on South Asia’s carbon emissions, 1996–2019: A multidimensional panel data perspective via FGLS. Humanities and Social Sciences Communications, 11(1), 1–19. https://doi.org/10.1057/s41599-024-03704-z
Abdul-Mumuni, A., Amoh, J. K., & Mensah, B. D. (2023). Does foreign direct investment asymmetrically influence carbon emissions in sub-Saharan Africa? Evidence from nonlinear panel ARDL approach. Environmental Science and Pollution Research, 30(5), 11861–11872. https://doi.org/10.1007/s11356-022-22909-w
Abumunshar, M., Aga, M., & Samour, A. (2020). Oil price, energy consumption, and CO2 emissions in Turkey. New evidence from a Bootstrap ARDL Test. Energies, 13(21), 5588 https://doi.org/10.3390/en13215588
Antweiler, W., Copeland, B. R., & Taylor, M. S. (2001). Is free trade good for the environment? American Economic Review, 91(4), 877–908. http://www.jstor.org/stable/2677817
Apergis, N., & Payne, J. E. (2010). Renewable energy consumption and economic growth: Evidence from a panel of OECD countries. Energy Policy, 38(1), 656–660. https://doi.org/10.1016/j.enpol.2009.09.002
Aslanidis, N., & Iranzo, S. (2009). Environment and development: Is there a Kuznets curve for CO2 emissions? Applied Economics, 41(6), 803–810. https://doi.org/10.1080/00036840601018994.
Chen, S. (2012). Energy consumption and economic growth in China: New evidence from the co-integrated panel VAR model. Journal of International Energy Policy, 1(2), 51. https://doi.org/10.19030/jiep.v1i2.7434
Chien, F., Ajaz, T., Andlib, Z., Chau, K. Y., Ahmad, P., & Sharif, A. (2021). The role of technology innovation, renewable energy and globalization in reducing environmental degradation in Pakistan: A step towards sustainable environment. Renewable Energy, 177, 308–317. https://doi.org/10.1016/j.renene.2021.06.014
Duong, N. B., Mayers, E. E., Nhan, N. D., Huong, D. T., & Duong, H. T. T. (2022). Extended environmental Kuznets curve in Asia-Pacific countries: An empirical analysis. Journal of International Economics and Management, 22(3), 46–61. https://doi.org/10.37562/JIEM.2022.22.3.04
Fang, X., & Gao, S. (2023). An empirical study on relationship between island ecological environment and socio-economic development from perspective of environmental Kuznets curve (EKC). Ocean & Coastal Management, 244, 106819. https://doi.org/10.1016/j.ocecoaman.2023.106819
Feriansyah, F., Nugroho, H., Larre, A. A., Septiavin, Q., & Nisa, C. K. (2022). Economic growth and CO2 emission in ASEAN: Panel-ARDL approach. Economics and Finance in Indonesia, 68(2), 4. https://www.google.com/search?q=https://doi.org/10.7454/efi.v68i2.1558
Kivyiro, P., & Arminen, H. (2014). Carbon dioxide emissions, energy consumption, economic growth, and foreign direct investment: Causality analysis for Sub-Saharan Africa. Energy, 74, 595–606. https://www.google.com/search?q=https://doi.org/10.1016/j.energy.2014.07.039
Le, T.-H., Chang, Y., & Park, D. (2016). Trade openness and environmental quality: International evidence. Energy Policy, 92, 45–55. https://doi.org/10.1016/J.ENPOL.2016.01.030
Loi, N., & Duy, N. (2012). The impact of trade liberalization on the environment in some East Asian countries: An empirical study. https://ceauk.org.uk/2010-conference-papers/full-papers/Nguyen-Duy-Loi-CEA-Final.pdf
Lu, W.-C. (2017). Renewable energy, carbon emissions, and economic growth in 24 Asian countries: Evidence from panel cointegration analysis. Environmental Science and Pollution Research, 24(33), 26006–26015. https://doi.org/10.1007/s11356-017-0245-2
Mahadevan, R., & Asafu-Adjaye, J. (2007). Energy consumption, economic growth and prices: A reassessment using panel VECM for developed and developing countries. Energy Policy, 35(4), 2481–2490. https://doi.org/10.1016/j.enpol.2006.11.025
Odhiambo, N. M. (2011). Economic growth and carbon emissions in South Africa: An empirical investigation. International Business & Economics Research Journal (IBER), 10(7), 75–84. https://www.google.com/search?q=https://doi.org/10.19030/jabr.v28i1.6666
Oh, J., & Yun, C. (2014). Environmental Kuznets curve revisited with special reference to Eastern Europe and Central Asia. International Area Studies Review, 17(4), 359–374. https://doi.org/10.1177/2233865914553518
Omri, A., Mabrouk, N. B., & Sassi-Tmar, A. (2015). Modeling the causal linkages between nuclear energy, renewable energy and economic growth in developed and developing countries. Renewable and Sustainable Energy Reviews, 42, 1012–1022. https://doi.org/10.1016/j.rser.2014.10.088
Osuntuyi, B. V., & Lean, H. H. (2022). Economic growth, energy consumption and environmental degradation nexus in heterogeneous countries: Does education matter? Environmental Sciences Europe, 34(1), 48. https://doi.org/10.1186/s12302-022-00619-3
Ozcan, B. (2013). The nexus between carbon emissions, energy consumption and economic growth in Middle East countries: A panel data analysis. Energy Policy, 62, 1138–1147. https://doi.org/10.1016/j.enpol.2013.07.039
Panayotou, T. (1993). Empirical tests and policy analysis of environmental degradation at different stages of economic development. https://webapps.ilo.org/public/libdoc/ilo/1993/93B09_31_engl.pdf
Raihan, A., Rashid, M., Voumik, L. C., Akter, S., & Esquivias, M. A. (2023). The dynamic impacts of economic growth, financial globalization, fossil fuel, renewable energy, and urbanization on load capacity factor in Mexico. Sustainability, 15(18), 13462. https://doi.org/10.3390/su151813462.
Shaari, M. S., Abidin, N. Z., & Karim, Z. A. (2020). The impact of renewable energy consumption and economic growth on CO2 emissions: New evidence using panel study of selected countries. International Journal of Energy Economics and Policy, 10(6), 617–623. https://doi.org/10.32479/ijeep.9507
Shahbaz, M., Tiwari, A. K., & Nasir, M. (2013). The effects of financial development, economic growth, coal consumption and trade openness on CO2 emissions in South Africa. Energy Policy, 61, 1452–1459. https://doi.org/10.1016/j.enpol.2013.08.067
Sikder, M., Wang, C., Yao, X., Huai, X., Wu, L., KwameYeboah, F., Wood, J., Zhao, Y., & Dou, X. (2022). The integrated impact of GDP growth, industrialization, energy use, and urbanization on CO2 emissions in developing countries: Evidence from the panel ARDL approach. Science of the Total Environment, 837, 155795. https://doi.org/10.1016/j.scitotenv.2022.155795
Sun, H., Samuel, C. A., Amissah, J. C. K., Taghizadeh-Hesary, F., & Mensah, I. A. (2020). Non-linear nexus between CO2 emissions and economic growth: A comparison of OECD and B&R countries. Energy, 212, 118637. https://doi.org/10.1016/j.energy.2020.118637
Sun, H., Tariq, G., Haris, M., & Mohsin, M. (2019). Evaluating the environmental effects of economic openness: Evidence from SAARC countries. Environmental Science and Pollution Research, 26(24), 24542–24551. https://doi.org/10.1007/s11356-019-06044-7
Wang, Q., Yang, T., & Li, R. (2023). Does income inequality reshape the environmental Kuznets curve (EKC) hypothesis? A nonlinear panel data analysis. Environmental Research, 216, 114575. https://doi.org/10.1016/j.envres.2022.114575
Wang, Q., & Zhang, F. (2021). The effects of trade openness on decoupling carbon emissions from economic growth-evidence from 182 countries. Journal of Cleaner Production, 279, 123838. https://doi.org/10.1016/j.jclepro.2020.123838
Wang, S. S., Zhou, D. Q., Zhou, P., & Wang, Q. (2011). CO2 emissions, energy consumption and economic growth in China: A panel data analysis. Energy Policy, 39(9), 4870–4875. https://doi.org/10.1016/j.enpol.2011.07.010
Wuebbles, D. J., & Jain, A. K. (2001). Concerns about climate change and the role of fossil fuel use. Fuel Processing Technology, 71(1–3), 99–119. https://doi.org/10.1016/S0378-3820(01)00155-2
Downloads
Published
Abstract View
PDF Downloaded
How to Cite
Issue
Section
License
Copyright (c) 2025 Le Hang My Hanh, Tran Ngoc Bao Tram, Ho Minh Trung

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
by VNU Journal of Economics and Business


