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Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia

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  • Shahbaz, Muhammad
  • Hye, Qazi Muhammad Adnan
  • Tiwari, Aviral Kumar
  • Leitão, Nuno Carlos

Abstract

This study examines the linkages among economic growth, energy consumption, financial development, trade openness and CO2 emissions over the period of 1975Q1–2011Q4 in case of Indonesia. The stationary analysis is performed by using Zivot–Andrews unit root test and the ARDL bounds testing approach for a long run relationship between the series in the presence of structural breaks. The causality between the concerned variables is examined by the VECM Granger causality technique and robustness of causal analysis is tested by innovative accounting approach (IAA).

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  • Shahbaz, Muhammad & Hye, Qazi Muhammad Adnan & Tiwari, Aviral Kumar & Leitão, Nuno Carlos, 2013. "Economic growth, energy consumption, financial development, international trade and CO2 emissions in Indonesia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 25(C), pages 109-121.
    • Handle: RePEc:eee:rensus:v:25:y:2013:i:c:p:109-121
    DOI: 10.1016/j.rser.2013.04.009
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    Growth; Energy; Financial development; CO2 emissions;
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    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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