TY - JOUR
T1 - Environmental sustainability in Asian countries
T2 - Understanding the criticality of economic growth, industrialization, tourism import, and energy use
AU - Chikezie Ekwueme, Daberechi
AU - Lasisi, Taiwo Temitope
AU - Eluwole, Kayode Kolawole
N1 - Funding Information:
Taiwo Temitope Lasisi gratefully acknowledge the financial support of the Specific Research Project “Information and Knowledge Management and Cognitive Science in Tourism” of FIM UHK
Publisher Copyright:
© The Author(s) 2022.
PY - 2023/8/1
Y1 - 2023/8/1
N2 - This paper examines the causation between economic growth, tourism import, industrialization, renewable energy, non-renewable energy use, trade openness, and environmental sustainability which is proxied by carbon emissions for 8 Asian countries (China, Japan, India, Indonesia, South Korea, Philippines, Thailand, and Vietnam) over 20 years. Causal relations were tested using Pooled Mean Group Autoregressive distributive lag model (PMG-ARDL) and Dumitrescu and Hurlin's (2012) panel granger causality test The PMG-ARDL model results reveal that in the long-run renewable energy usage, economic growth, and trade have a significant negative influence on the emission of carbon, while non-renewable energy usage, tourism import, and industrialization exhibit a significant positive impact on CO2 emissions of the sampled Asian countries. In the short run, renewable energy has a significant negative influence on CO2 emissions. While economic growth exhibit a significant positive influence on carbon emissions in the short-run. Furthermore, the Granger causality analysis reveals that there is a feedback mechanism between industrialization, tourism import, non-renewable energy, renewable energy, and CO2 emissions meaning that the future dynamics of carbon emissions in the sampled countries can be significantly explained by industrialization, tourism import, renewable energy, and non-renewable energy. Contrarily, trade and economic growth are good to explain the dynamics of carbon effusion of the sampled Asian countries in the future but without feedback. It is recommended that policymakers in Asian countries should formulate stringent environmental policies that will encourage industries in these countries to utilize clean energy sources so that economic growth will be achieved simultaneously with carbon neutrality.
AB - This paper examines the causation between economic growth, tourism import, industrialization, renewable energy, non-renewable energy use, trade openness, and environmental sustainability which is proxied by carbon emissions for 8 Asian countries (China, Japan, India, Indonesia, South Korea, Philippines, Thailand, and Vietnam) over 20 years. Causal relations were tested using Pooled Mean Group Autoregressive distributive lag model (PMG-ARDL) and Dumitrescu and Hurlin's (2012) panel granger causality test The PMG-ARDL model results reveal that in the long-run renewable energy usage, economic growth, and trade have a significant negative influence on the emission of carbon, while non-renewable energy usage, tourism import, and industrialization exhibit a significant positive impact on CO2 emissions of the sampled Asian countries. In the short run, renewable energy has a significant negative influence on CO2 emissions. While economic growth exhibit a significant positive influence on carbon emissions in the short-run. Furthermore, the Granger causality analysis reveals that there is a feedback mechanism between industrialization, tourism import, non-renewable energy, renewable energy, and CO2 emissions meaning that the future dynamics of carbon emissions in the sampled countries can be significantly explained by industrialization, tourism import, renewable energy, and non-renewable energy. Contrarily, trade and economic growth are good to explain the dynamics of carbon effusion of the sampled Asian countries in the future but without feedback. It is recommended that policymakers in Asian countries should formulate stringent environmental policies that will encourage industries in these countries to utilize clean energy sources so that economic growth will be achieved simultaneously with carbon neutrality.
KW - Asian countries
KW - Carbon emissions
KW - environmental sustainability
KW - industrialization
KW - renewable and non-renewable energy
KW - tourism import
KW - trade openness
UR - http://www.scopus.com/inward/record.url?scp=85129222027&partnerID=8YFLogxK
U2 - 10.1177/0958305X221091543
DO - 10.1177/0958305X221091543
M3 - Article
AN - SCOPUS:85129222027
VL - 34
SP - 1592
EP - 1618
JO - Energy and Environment
JF - Energy and Environment
SN - 0958-305X
IS - 5
ER -