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The Relationship between Energy Consumption, Carbon Emissions and Economic Growth in ASEAN-5 Countries

Author

Listed:
  • Kudabayeva Lyazzat

    (Taraz Regional University named after M. Kh. Dulaty, Taraz, Kazakhstan,)

  • Aktolkin Abubakirova

    (Khoja Akhmet Yassawi International Kazakh-Turkish University, Turkestan, Kazakhstan,)

  • Omarova Aizhan Igilikovna

    (Yessenov University, Aktau, Kazakhstan.)

  • Taskinbaikyzy Zhanargul

    (Yessenov University, Aktau, Kazakhstan.)

  • Saubetova Bibigul Suleimenovna

    (Yessenov University, Aktau, Kazakhstan.)

Abstract

The importance of energy has made it the focus of many studies, discussions and policies. The studies carried out provide important ideas about the extent and in which direction the energy policies to be implemented affect the economic activities, and as a result, what kind of path should be followed. In terms of policy makers, determining the direction of causality is extremely important for the curriculum of the projects. In this study, the relationship between energy consumption, carbon emissions and economic growth in ASEAN-5 countries between the years 1990-2021 was examined. As a result of the causality analysis, it was found that there is a bilateral causality relationship between economic growth and CO2 emissions in Singapore; it has been determined that there is a unilateral causality relationship from economic growth to CO2 emissions in the Philippines, and from CO2 emissions to economic growth in Indonesia and Malaysia. In addition, there is a bi-directional causality relationship between economic growth and energy consumption in Singapore; there is a unilateral causality relationship from economic growth to energy consumption in Indonesia and the Philippines.

Suggested Citation

  • Kudabayeva Lyazzat & Aktolkin Abubakirova & Omarova Aizhan Igilikovna & Taskinbaikyzy Zhanargul & Saubetova Bibigul Suleimenovna, 2023. "The Relationship between Energy Consumption, Carbon Emissions and Economic Growth in ASEAN-5 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 265-271, March.
    • Handle: RePEc:eco:journ2:2023-02-29
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    References listed on IDEAS

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    More about this item

    Keywords

    economic growth; energy consumption; carbon emissions; ASEAN-5;
    All these keywords.

    JEL classification:

    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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