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How do economic growth, trade openness, and non-renewable and renewable energy affect environmental quality in VISTA Countries?

Author

Listed:
  • İlyas Bayar
  • Mehmet Dabakoglu

Abstract

Purpose ─ This study examines the effects of economic growth, the use of renewable and non-renewable energy sources, and trade openness on carbon emissions in VISTA countries (Vietnam, Indonesia, South Africa, Turkiye, and Argentina)Method ─ In this work, empirical methods include the second-generation unit root and cointegration tests, as well as Panel AMG and Panel CCE estimators.Findings ─ The following are the key findings. First, the variables demonstrate a long-run relationship. Second, economic growth and the consumption of non-renewable energy sources contribute to an increase in carbon emissions over time, whereas the consumption of renewable energy sources lowers carbon emissions over time. Implication ─ To promote sustainable growth in VISTA countries, it is recommended to increase investments in renewable energy sources while enhanching public sector supports for the private sector.Originality ─ This is the first study to examine how economic growth, trade openness, and renewable and non-renewable energy sources affect carbon emissions in VISTA nations.

Suggested Citation

  • İlyas Bayar & Mehmet Dabakoglu, 2024. "How do economic growth, trade openness, and non-renewable and renewable energy affect environmental quality in VISTA Countries?," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 16(1), pages 63-76.
    • Handle: RePEc:uii:journl:v:16:y:2024:i:1:p:63-76:id:30570
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    File URL: https://journal.uii.ac.id/JEP/article/view/30570/16666
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