2020
DOI: 10.9770/jssi.2020.10.oct(21)
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Macroeconomic Indicators and Co2 Emission: Are Asean Countries Doing a Wrong Trade-Off?

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“…Cahyadin et al (2021) explained that the dynamics of the global economy significantly will influence the environmental quality as developing countries like ASEAN actively elevate their economies to a global scale resulting in an increase in foreign investment, globalization, and economic openness. In addition, ASEAN countries are highly vulnerable to economic shocks from the global economy, such as international financial crises and fluctuations in oil prices, which subsequently affect GDP and CO 2 emissions (Roespinoedji et al, 2020). However, this study contradicts the empirical findings of Mendonça et al (2020) who found a positive relationship between GDP and CO 2 emissions in the case of countries with large economies, including Indonesia and Malaysia.…”
Section: Economic Growth and Co 2 Emissionscontrasting
confidence: 84%
“…Cahyadin et al (2021) explained that the dynamics of the global economy significantly will influence the environmental quality as developing countries like ASEAN actively elevate their economies to a global scale resulting in an increase in foreign investment, globalization, and economic openness. In addition, ASEAN countries are highly vulnerable to economic shocks from the global economy, such as international financial crises and fluctuations in oil prices, which subsequently affect GDP and CO 2 emissions (Roespinoedji et al, 2020). However, this study contradicts the empirical findings of Mendonça et al (2020) who found a positive relationship between GDP and CO 2 emissions in the case of countries with large economies, including Indonesia and Malaysia.…”
Section: Economic Growth and Co 2 Emissionscontrasting
confidence: 84%
“…The European Union was addressed by [190], and concluded that economic factors accelerate environmental degradation; only Turkey was analyzed in isolation from Europe by [191,192]. ASEAN member countries were investigated by [193] and showed that macroeconomic factors contribute to degradation. Still, in Asia, Vietnam and Taiwan were studied by [194,195], respectively.…”
Section: Discussionmentioning
confidence: 99%