Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia

Shahbaz, Muhammad; Hye, Qazi Muhammad Adnan; Tiwari, Aviral Kumar; Leitão, Nuno Carlos

doi:10.1016/j.rser.2013.04.009

Cited by 1,183 publications

(662 citation statements)

References 101 publications

Supporting

Mentioning

571

Contrasting

Unclassified

Order By: Relevance

“…Similar findings found by Shahbaz et al (2013) where the linkages between economic growths to CO2 emissions in Indonesia over the period of 1975-2011 are unidirectional. Jahangir et al (2012) did a case study to test the causality of CO2 emissions and GDP for Bangladesh.…”

Section: Resultssupporting

confidence: 78%

CO2-GDP NEXUS: Case for ASEAN 5

Saudi

2017

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

This paper examines the causal relationship between carbon dioxide emission (CO2) and Gross Domestics Product (GDP). The nature of causality between CO2 per kilo tan (CO2) and GDP per capita were utilized using a cross country panel data from 1980 to 2010. The test was carried out using panel unit root tests, panel co-integration test, and panel vector error correction estimation and panel Granger causality tests to access the relationship between the respective variables. Our empirical results show the existence of long-run relationship and also suggested that GDP causes CO2 emissions in ASEAN-5. Granger-Causality test result found a one way direction (unidirectional) and no reverse causality. The results also provided indications that a change in CO2 would give favorable impact to the country economic growth. This research would be useful for policy-making by implementing the sustainable energy approach to control the emission and to reduce a green-house effect.

show abstract

Section: Resultssupporting

confidence: 78%

CO2-GDP NEXUS: Case for ASEAN 5

Saudi

2017

Int. j. adv. appl. sci.

View full text Add to dashboard Cite

show abstract

“…They reported that electricity consumption causes CO 2 emissions. For the Indonesian economy, Shahbaz et al (2013c) documented the bidirectional causality between economic growth and CO 2 emissions and between energy consumption and economic growth. In the case of Tunisia, Shahbaz et al (2014b) investigated the causal relationship between energy consumption, economic growth, and CO 2 emissions and noted that CO 2 emissions and energy consumption cause economic growth.…”

Section: Studies On the Nexus Between Energy Consumption Co 2 Emissimentioning

confidence: 99%

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

et al. 2016

Self Cite

View full text Add to dashboard Cite

This paper detects the direction of causality among carbon dioxide (CO 2 ) emissions, energy consumption, and economic growth in Next 11 countries for the period 1972-2013. Changes in economic, energy, and environmental policies as well as regulatory and technological advancement over time, cause changes in the relationship among the variables. We use a novel approach i.e. time-varying Granger causality and find that economic growth is the cause of CO 2 emissions in Bangladesh and Egypt. Economic growth causes energy consumption in the Philippines, Turkey, and Vietnam but the feedback effect exists between energy consumption and economic growth in South Korea. In the cases of Indonesia and Turkey, we find the unidirectional time-varying Granger causality running from economic growth to CO 2 emissions thus validates the existence of the Environmental Kuznets Curve hypothesis, which indicates that economic growth is achievable at the minimal cost of environment. The paper gives new insights for policy makers to attain sustainable economic growth while maintaining long-run environmental quality.

show abstract

“…However, there is negative relationship between stock market activity and energy consumption (Hasnaoui, 2014). Shahbaz, Hye, Tiwari, and Leitão (2013) documented that an increase in CO2 is derived by increased economic growth and energy consumptions. However, financial development and traded openness reduced it.…”

Section: Literature Reviewmentioning

confidence: 99%

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Mahmood

Saleem

2016

IJEF

View full text Add to dashboard Cite

This research empirically analyzes the relationship between energy consumption and financial development by making use of secondary data for 22 emerging economies over the period of 1999-2012. Moreover, this paper also spotlights the moderating role of oil prices. Furthermore, financial development is measured by utilizing of various proxies relevant to banking sector and stock market as well. Hence, the findings of the research reveals that oil prices negatively moderates the relationship between energy consumption and financial development. Moreover, results highlight that measures used to calculate financial development are also of key concern to explore the relationship between energy consumption and financial development.

show abstract

Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia

Cited by 1,183 publications

References 101 publications

CO2-GDP NEXUS: Case for ASEAN 5

CO2-GDP NEXUS: Case for ASEAN 5

Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries

An Empirical Analysis of the Impact of Energy Consumption on the Financial Development of the Emerging Economies: A Moderating Role of Oil Prices

Contact Info

Product

Resources

About