| Title | Material footprint, economic growth, and climate change in emerging Southeast Asian markets |
|---|---|
| ID_Doc | 69548 |
| Authors | Le, TTH; Phan, NTH |
| Title | Material footprint, economic growth, and climate change in emerging Southeast Asian markets |
| Year | 2024 |
| Published | Cogent Economics & Finance, 12.0, 1 |
| Abstract | The trade-off between environmental degradation and economic growth is occurring at various global scales due to the use of non-renewable energy. In developed countries, the majority of this issue has been the focus of research and attention. Currently, there is a research gap regarding the material footprint in the relationship between economic development and climate change in emerging markets. This research used a Panel Vector Autoregression (PVAR) model to analyze the causal effects of foreign direct investment, economic development, and material footprint in emerging Southeast Asian economies using Generalized Method of Moments (GMM) regression. This analysis employs five variables, namely the Annual Growth Rate of Real GDP per Capita at Constant 2015 $ (GDP), Carbon Dioxide Emissions (CDE), Material Footprint (MF), Direct Economic Loss Attributed to Disasters (DEL), and Domestic Material Consumption (DMC). The study's data collection spans from 2000 to 2021. The results of this study provide evidence for the existence of correlations between economic phenomena and climate change in Southeast Asian nations. Material footprints and energy consumption contribute to environmental deterioration. Economic expansion necessitates acknowledging the trade-off that arises from the increased CO2 emissions released into the environment. A 1% increase in economic growth leads to the release of more than 9% of CO2 emissions into the environment. Conversely, there is a significant relationship between the amount of environmental pollution and the material footprint. This indicates that the growing consumption of input materials and the inefficient use of these resources are contributing to environmental pollution in rising economies. Natural catastrophes account for more than 3% of the economy's CO2 emissions. Given the ongoing efforts to lessen the impact of climate change, the study recommends that policy solutions concentrate on restructuring economic growth and improving energy efficiency in industrial operations. This research supports the government's consideration of implementing a green economy and moving towards sustainable development. |
| https://doi.org/10.1080/23322039.2024.2386110 |
Similar Articles
| ID | Score | Article |
|---|---|---|
33163
|
Wang, L; Ye, FY; Lin, JL; Bibi, N Exploring the impact of climate technology, financial inclusion and renewable energy on ecological footprint: Evidence from top polluted economies(2024)Plos One, 19.0, 4 | |
| 30699
|
Luo, RD; Ullah, S; Ali, K Pathway towards Sustainability in Selected Asian Countries: Influence of Green Investment, Technology Innovations, and Economic Growth on CO2 Emission(2021)Sustainability, 13, 22 | |
| 9642
|
Khan, MWA; Panigrahi, SK; Almuniri, KSN; Soomro, MI; Mirjat, NH; Alqaydi, ES Investigating the Dynamic Impact of CO2 Emissions and Economic Growth on Renewable Energy Production: Evidence from FMOLS and DOLS Tests(2019)Processes, 7.0, 8 | |
| 69618
|
Jain, M; Nagpal, A Relationship Between Environmental Sustainability and Human Development Index: A Case of Selected South Asian Nations(2019)Vision-The Journal Of Business Perspective, 23.0, 2 | |
| 32481
|
Lin, Y; Mahmood, MA; Meng, WT; Ali, Q Green economy transition in Asia Pacific: A holistic assessment of renewable energy production(2024) | |
| 35662
|
Amin, N; Shabbir, MS; Song, HM; Farrukh, MU; Iqbal, S; Abbass, K A step towards environmental mitigation: Do green technological innovation and institutional quality make a difference?(2023) | |
| 19111
|
Shah, IH The metabolic transition of material use and carbon emissions in economically growing Asia: Evidence from 1971 to 2016(2021)Environmental Science And Pollution Research, 28.0, 3 | |
| 74179
|
Phan, TC Impact of green investments, green economic growth and renewable energy consumption on environmental, social, and governance practices to achieve the sustainable development goals: A sectoral analysis in the ASEAN economies(2024) | |
| 30271
|
Zamir, A; Mujahid, N Nexus among green energy consumption, foreign direct investment, green innovation technology, and environmental pollution on economic growth(2022)Environmental Science And Pollution Research, 29, 51 | |
| 8329
|
Zheng, Y; Tarczynski, W; Jamróz, P; Raza, SA; Tiwari, S Impacts of mineral resources, economic growth and energy consumption on environmental sustainability: Novel findings from global south region(2024) |