The Impact of Selected Macroeconomic Variables on Carbon Dioxide (Co2) Emission in Malaysia

Rambeli@Ramli, Norimah; Jalil, Norasibah Abdul; Hashim, Emilda; Mahdinezhad, Maryam; Hashim, Asmawi; Belee, .; Bakri, Syazwani Mohd

doi:10.14419/ijet.v7i4.15.21447

Cited by 9 publications

(8 citation statements)

References 7 publications

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“…Specifically, this study also revealed the significant role played by total energy consumption in Malaysia and Singapore. The outcome is supported by most of the past studies including Bekhet (2013), Kasman et al (2015), Rambeli et al (2018) and Rambeli et al (2019). Most of these findings agreed that energy consumption impacted on CO2 emissions in both long-and short-run.…”

Section: Discussionsupporting

confidence: 69%

“…The success of a country in achieving sustainable economic development status is often associated with its ability to control environmental pollution as well as the ability to maintain environment sustainability. Consistent with this, some recent empirical studies have emphasized that the fall in carbon dioxide (CO2) emissions is a sign of environmental quality enhancement for the country (Rambeli et al 2018;Harris et al 2017;Halicioglu 2009;Green & Stern 2017;Mckibbin et al 2017;Adamu et al 2021). With such coverage in the literature it therefore cannot be denied that the relationship has been given attention by policymakers and researchers, ever since the achievement of sustained economic growth is gradually becoming a major global concern.…”

Section: Introductionmentioning

confidence: 90%

“…In this section, past reviews of the literature are discussed in terms of CO2 and its relations with several macroeconomics variables, such as gross domestic product (Ang 2008;Kasman & Duman 2015;Keho 2017;Khoshnevis & Shakouri 2018;Rambeli et al 2018;Chandio et al 2019), energy consumption (Basarir & Cakir 2015;Ang 2008;Rambeli et al 2018), electricity consumption, urbanization (Shahbaz et al 2016;Kasman et al 2015;Martinez-Zarzoso & Maruotti 2011), trade openness (Bekhet & Yasmin 2013;Belloumi 2014;and Ertugrul et al 2016); financial development (Jalil et al 2009;Kakar et al 2011;Abosedra et al 2015;Basarir & Cakir 2015;Xing et al 2017;Xiong et al 2017;Economides & Xepapadeas 2018;Bayar et al 2020) and income level (see Sharma 2011). The coverage should strengthen study findings on the relationships between macroeconomics variables and CO2 emissions.…”

Section: Literature Reviewmentioning

confidence: 99%

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The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

2021

JEM

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The focal aim of this paper is to examine the relationship between total energy consumption, Gross Domestic Product, urbanization, trade openness and financial development on carbon dioxide (CO2) emissions. The study focuses on two selected ASEAN countries namely, Malaysia and Singapore, due to their major contribution in CO2 emissions among other ASEAN countries, after Brunei. This study adopts the quarterly time series data from Q1:2010 to Q1:2020. By utilizing the linear ARDL method, the presence of a positive and long-term relationship was confirmed between the variables for both countries. The findings also validate the Environment Kuznets hypothesis namely, that CO2 emissions will continue to rise until the national income reaches optimum point and beyond this environment quality will begin to improve. The results established that financial development helps to reduce CO2 emissions in both the short-and long-run. Further, trade openness tends to reduce CO2 in Malaysia. For Singapore however, it reduces CO2 in the short-run but not in the long-run. In general the study reveals that the relationship between emissions of CO2 and economic development is U-shaped, for both countries. For future sustainable environment the study implies that specific financial planning towards green technology is necessary to sustain a better environment. Economic growth of the country is therefore more meaningful if accompanied with a sustainable environment for future generations.

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Section: Discussionsupporting

confidence: 69%

Section: Introductionmentioning

confidence: 90%

Section: Literature Reviewmentioning

confidence: 99%

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The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

2021

JEM

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“…Various studies have focused on environmental issues and restraining severe global warming, which may lead to a serious matter. In Malaysia, National Policy on climate change has been enforced to provide a framework that could guide all government agencies, industries, communities, and other stakeholders to face challenges in climate change scenarios (Rambeli-Ramli et al, 2018). The policy has been imposed to ensure climate-resilient development to fulfill national aspirations for the sustainability of its environment.…”

Section: Introductionmentioning

confidence: 99%

Do Economic Depressions Contribute to CO2 Emissions? An ARDL Bound Approach

Karim

Senawi

Muhamat

et al. 2023

IJEEP

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Total carbon dioxide (CO2) emissions are undoubtedly emitted to the environment, humans, ecosystems, and global economic growth. However, less research has examined the effect of economic depression on carbon dioxide emission (CO2), especially in Malaysia. Thus, this study intents to examine the impact of the macroeconomic problems, namely unemployment (UNEMP) and the growing number of people: population (POP), on the CO2 emissions in Malaysia. The study analyzes the data for 28 years, covering the period of 1991–2019, employing a bound ARDL model as an estimation method. The time series data were sourced from the World Bank Development Indicators database. The finding from the study shows that CO2 emissions, POP, and UNEMP have a long-term cointegration. Under this situation, all variables indicated; UNEMP and POP lead to environmental degradation in Malaysia in the long run. The impact of both UNEMP and POP on CO2 emissions is positive. Moreover, it is also found that the damage of economic depression will take only around one year and a month on CO2 emissions. Thus, based on this novel finding, a comprehensive set of economic policies is required to ensure our economy is in good condition and hence suggested for maintaining the environmental quality.

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“…Malaysia also plans to reduce greenhouse gas emissions while installing the Green Technology Master Plan 2017-2030(Ali et al, 2018Sulaiman and Shabri, 2021)). In a careful calculation, carbon dioxide is the primary component of greenhouse gasses and the primary cause of climate variation and global warming (Rambeli-Ramli et al, 2018). In layperson's terms, the amount of carbon dioxide in the atmosphere has increased significantly (Yuaningsih et al, 2021).…”

Section: Introductionmentioning

confidence: 99%

Validity of Environmental Kuznets Curve in the Malaysian Economy: A Fresh Evidence

2022

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It is acknowledged that environmental degradation, climate change and the atmosphere's temperature are increasing due to the emission of greenhouse gasses. Therefore, a speedy response is required to lessen the severe effects of greenhouse gases. The present study has analyzed the influence of electric consumption, fiscal development, globalization, and trade openness on carbon emission using the latest dataset and modern econometric techniques. To accomplish the said objectives, the study has employed Johansen cointegration, autoregressive distributed lag model (ARDK), and block exogeneity. The results specify that with the 1% increase in electric consumption, fiscal development, globalization and trade openness, the carbon dioxide emission increases by 0.01%, 0.04%, 0.68%, and 0.25%, respectively. Moreover, the results also indicated that the environmental Kuznets curve is prevailing in the Malaysian economy because an inverted U-shape connection occurs between carbon and GDP2. On the basis of data diagnostics, it is determined that the ARDL model is credible, stable, and reliable. Further, block exogeneity affirms the long-term affiliation among the factors and concludes that all the factors under analysis contribute to the environmental deterioration in the Malaysian economy. Therefore, the government may design an environmental or pollution tax policy to minimize carbon emissions. Green energy should be produced and consumed as it is environmental friendly and helps to reduce temperature and atmospheric pollution.

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The Impact of Selected Macroeconomic Variables on Carbon Dioxide (Co2) Emission in Malaysia

Cited by 9 publications

References 7 publications

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

The Determinants of Carbon Dioxide Emissions in Malaysia and Singapore

Do Economic Depressions Contribute to CO2 Emissions? An ARDL Bound Approach

Validity of Environmental Kuznets Curve in the Malaysian Economy: A Fresh Evidence

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