Main Article Content
Abstract
Purpose ─ This study examines the effects of economic growth, the use of renewable and non-renewable energy sources, and trade openness on carbon emissions in VISTA countries (Vietnam, Indonesia, South Africa, Turkiye, and Argentina)
Method ─ In this work, empirical methods include the second-generation unit root and cointegration tests, as well as Panel AMG and Panel CCE estimators.
Findings ─ The following are the key findings. First, the variables demonstrate a long-run relationship. Second, economic growth and the consumption of non-renewable energy sources contribute to an increase in carbon emissions over time, whereas the consumption of renewable energy sources lowers carbon emissions over time.
Implication ─ To promote sustainable growth in VISTA countries, it is recommended to increase investments in renewable energy sources while enhanching public sector supports for the private sector.
Originality ─ This is the first study to examine how economic growth, trade openness, and renewable and non-renewable energy sources affect carbon emissions in VISTA nations.
Keywords
Article Details
Copyright (c) 2024 İlyas Bayar, Mehmet Dabakoglu
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References
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Ohlan, R. (2015). The impact of population density, energy consumption, economic growth and trade openness on CO2 emissions in India. Natural Hazards, 79, 1409–1428. https://doi.org/10.1007/s11069-015-1898-0
Olowu, G., Olaseinde-Williams, G. O., & Bein, M. (2019). Does financial and agriculture sector development reduce unemployment rates? Evidence from Southern African countries. Agricultural Economics, 65(5), 223–231. https://doi.org/10.17221/263/2018-AGRICECON
Omri, E., & Saadaoui, H. (2023). An empirical investigation of the relationships between nuclear energy, economic growth, trade openness, fossil fuels, and carbon emissions in France: Fresh evidence using asymmetric cointegration. Environmental Science and Pollution Research, 30(5), 13224–13245. https://doi.org/10.1007/s11356-022-22958-1
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Shahzad, S. J. H., Kumar, R. R., Zakaria, M., & Hurr, M. (2017). Carbon emission, energy consumption, trade openness and financial development in Pakistan: a revisit. Renewable and Sustainable Energy Reviews, 70, 185–192. https://doi.org/10.1016/j.rser.2016.11.042
WCED. (1987). Our common future. World commission on environment and development. On: Oxford University Press, Oxford, New York.
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