IDEAS home Printed from https://ideas.repec.org/a/taf/oaefxx/v12y2024i1p2299125.html
   My bibliography  Save this article

Climate change, governance, and economic growth in Asia: a panel cointegration analysis

Author

Listed:
  • Sabeeh Ullah
  • Muhammad Arif
  • Shahzad Hussain
  • Mamdouh Abdulaziz Saleh Al-Faryan

Abstract

Asian economies are extremely vulnerable to climate due to rapid economic progress, poor governance structure and governmental performance. Keeping in view the fragility of Asia economies in context of environmental deterioration, we examine the role of climate change in shaping economic progress based on an extensive dataset of 47 Asia economies over the period of 2010–2020 through advance panel estimation models such as FMOLS and DOLS for long-run relationships, and panel-VECM for granger causality. The finding suggests a long run positive impact of climate change on economic progress. Further, the results also support the bi-directional relationship between climate change and economic development in Asia region. Hence, the current research suggest that proper policies should be warranted to balance government effectiveness for the increased implementation of environmental regulations and economic prosperity to meet the needs of society and maintain environmental sustainability in the long run.We examine the relationship among climate change, governance and economic development in Asia, as this region is extremely vulnerable to disastrous impact of global warming. We ascertained the long relationship among climate change, governance and economic progress and hence suggested that policy makers may design a comprehensive governance policy related to environment in order to achieve sustainable economic development in Asia.

Suggested Citation

  • Sabeeh Ullah & Muhammad Arif & Shahzad Hussain & Mamdouh Abdulaziz Saleh Al-Faryan, 2024. "Climate change, governance, and economic growth in Asia: a panel cointegration analysis," Cogent Economics & Finance, Taylor & Francis Journals, vol. 12(1), pages 2299125-229, December.
    • Handle: RePEc:taf:oaefxx:v:12:y:2024:i:1:p:2299125
    DOI: 10.1080/23322039.2023.2299125
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/23322039.2023.2299125
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/23322039.2023.2299125?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:oaefxx:v:12:y:2024:i:1:p:2299125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/OAEF20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.