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Influence of Economy, Energy, and Population on Foreign Direct Investment and CO2 Emissions in ASEAN-5 Countries

Author

Listed:
  • Susilawati

    (Master of Economics, Faculty of Economics and Business, Universitas Negeri Padang, Padang City, Indonesia)

  • Alpon Satrianto

    (Master of Economics, Faculty of Economics and Business, Universitas Negeri Padang, Padang City, Indonesia)

Abstract

This research aims to examine foreign direct investment and carbon dioxide (CO2) emissions in ASEAN-5 countries, including Indonesia, Malaysia, the Philippines, Singapore and Thailand during the 2000-2020 period. The analytical method used is simultaneous equation analysis. The results of the foreign direct investment simultaneous equation research show that CO2 emissions, economic growth, international trade, and renewable energy consumption simultaneously have a significant effect on foreign direct investment in ASEAN-5 countries. Partially, CO2 emissions have a significant and negative effect on foreign direct investment. International trade has a significant and positive effect on foreign direct investment. Meanwhile, economic growth and renewable energy consumption have no effect on foreign direct investment. Furthermore, the results of the simultaneous equation analysis of CO2 emissions show that foreign direct investment, renewable energy consumption, population, and energy intensity simultaneously have a significant effect on CO2 emissions in ASEAN-5 countries. Partially, foreign direct investment, population, and energy intensity have a significant and positive effect on CO2 emissions, while renewable energy consumption has a significant and negative effect on CO2 emissions in ASEAN-5 countries.

Suggested Citation

  • Susilawati & Alpon Satrianto, 2024. "Influence of Economy, Energy, and Population on Foreign Direct Investment and CO2 Emissions in ASEAN-5 Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 14(5), pages 10-18, September.
    • Handle: RePEc:eco:journ2:2024-05-2
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    References listed on IDEAS

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    More about this item

    Keywords

    Foreign Direct Investment; CO2 Emission; Economic Growth; Renewable Energy Consumption; Energy Intensity;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy

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