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Nexus between Economy, Agriculture, Population, Renewable Energy and CO2 Emissions: Evidence from Asia-Pacific Countries

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  • Latif, Khalid
  • Raza, Muhammad Yousaf
  • Shahid Adil
  • Rehana Kouser

Abstract

This study uses panel co-integration methods and Granger causality examines to scrutinize the dynamic causal relationship between carbon dioxide (CO2) emissions, gross domestic product (GDP), renewable energy (RE), agriculture value added (AVA) and population for the thirteen developed and developing Asia Pacific countries (APCs) covering the period 2005-2017. The results evaluate in two ways: in the short-run, Granger causality test (GCT) is operating from AVA to GDP and express bidirectional causation among GDP and agriculture. In the distant future, there is causality from RE and Population to CO2emissions. The short-run causality is important due to the agriculture sector which causes in boosting GDP while economic development, population and clean energy (including waste and combustible) raise CO2 emissions causes in the reduction of production and services. The research finds out that reduction in AVA, GDP increase, uncontrolled population and lack of attention on clean energy are interrelated in creating emissions. Policy recommendation insights that Asian Pacific establishments should control the population, less use of fossil fuel, encourage clean energy technologies such as solar and wind to fight with global warming.

Suggested Citation

  • Latif, Khalid & Raza, Muhammad Yousaf & Shahid Adil & Rehana Kouser, 2020. "Nexus between Economy, Agriculture, Population, Renewable Energy and CO2 Emissions: Evidence from Asia-Pacific Countries," Journal of Business and Social Review in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 6(1), pages 261-276, March.
    • Handle: RePEc:src:jbsree:v:6:y:2020:i:1:p:261-276
    DOI: http://doi.org/10.26710/jbsee.v6i1.1072
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    Cited by:

    1. Azam Ghezelbash & Mitra Seyedzadeh & Vahid Khaligh & Jay Liu, 2023. "Impacts of Green Energy Expansion and Gas Import Reduction on South Korea’s Economic Growth: A System Dynamics Approach," Sustainability, MDPI, vol. 15(12), pages 1-18, June.
    2. Kunpeng Wang & Wenjun Wu & Awais Jabbar & Zinabu Wolde & Minghao Ou, 2021. "Dynamic Evolution and Spatial Convergence of the Virtual Cultivated Land Flow Intensity in China," IJERPH, MDPI, vol. 18(13), pages 1-17, July.
    3. Rony Masud & Jihan Binte Enam, 2023. "Consideration of the impact of the transition from a cash crop economy on the carbon footprint," Technology audit and production reserves, PC TECHNOLOGY CENTER, vol. 4(4(72)), pages 40-54, August.

    More about this item

    Keywords

    APCS; AVA; Granger Causality; Panel Co-Integration; CO2 Emissions;
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