1,113
Views
111
CrossRef citations to date
0
Altmetric
Research Article

The roles of export diversification and composite country risks in carbon emissions abatement: evidence from the signatories of the regional comprehensive economic partnership agreement

, , ORCID Icon &

References

  • Adedoyin, F. F., and A. Zakari. 2020. “Energy Consumption, Economic Expansion, and CO2 Emission in the UK: The Role of Economic Policy Uncertainty.” Science of the Total Environment 738: 140014. doi:10.1016/j.scitotenv.2020.140014.
  • Albulescu, C. T., A. E. Artene, C. T. Luminosu, and M. Tămășilă. 2020. “CO2 Emissions, Renewable Energy, and Environmental Regulations in the EU Countries.” Environmental Science and Pollution Research 27 (27): 33615–33635. doi:10.1007/s11356-019-06155-1.
  • Alvarez, C. H., J. A. McGee, and R. York. 2019. “Is Labor Green?: A Cross-National Panel Analysis of Unionization and Carbon Dioxide Emissions.” Nature and Culture 14 (1): 17–38. doi:10.3167/nc.2019.140102.
  • Balsalobre-Lorente, D., M. Shahbaz, D. Roubaud, and S. Farhani. 2018. “How Economic Growth, Renewable Electricity and Natural Resources Contribute to CO2 Emissions?” Energy Policy 113: 356–367. doi:10.1016/j.enpol.2017.10.050.
  • Bekhet, H. A., and N. S. Othman. 2018. “The Role of Renewable Energy to Validate Dynamic Interaction between CO2 Emissions and GDP toward Sustainable Development in Malaysia.” Energy Economics 72: 47–61. doi:10.1016/j.eneco.2018.03.028.
  • BP. 2020. “BP Statistical Review of World Energy 2020.” https://www.bp.com/en/global/corporate/energy-economics/statistical-review-of-world-energy.html
  • Can, M., B. Dogan, and B. Saboori. 2020. “Does Trade Matter for Environmental Degradation in Developing Countries? New Evidence in the Context of Export Product Diversification.” Environmental Science and Pollution Research 27 (13): 14702–14710. doi:10.1007/s11356-020-08000-2.
  • Can, M., M. Ahmad, and Z. Khan. 2021. “The Impact of Export Composition on Environment and Energy Demand: Evidence from Newly Industrialized Countries.” Environmental Science and Pollution Research 1–14. doi:10.1007/s11356-021-13084-5.
  • Chen, J., C. Xu, L. Cui, S. Huang, and M. Song. 2019. “Driving Factors of CO2 Emissions and Inequality Characteristics in China: A Combined Decomposition Approach.” Energy Economics 78: 589–597. doi:10.1016/j.eneco.2018.12.011.
  • Chen, Y., and C. C. Lee. 2020. “Does Technological Innovation Reduce CO2 Emissions? Cross-country Evidence.” Journal of Cleaner Production 263: 121550. doi:10.1016/j.jclepro.2020.121550.
  • Chudik, A., and M. H. Pesaran. 2013. “Large Panel Data Models with Cross-sectional Dependence: A Survey.” CAFE Research Paper, 13.15.
  • Dimitrov, R. S. 2016. “The Paris Agreement on Climate Change: Behind Closed Doors.” Global Environmental Politics 16 (3): 1–11. doi:10.1162/GLEP_a_00361.
  • Dogan, E., and A. Aslan. 2017. “Exploring the Relationship among CO2 Emissions, Real GDP, Energy Consumption and Tourism in the EU and Candidate Countries: Evidence from Panel Models Robust to Heterogeneity and Cross-sectional Dependence.” Renewable and Sustainable Energy Reviews 77: 239–245. doi:10.1016/j.rser.2017.03.111.
  • Dogan, E., F. Seker, and S. Bulbul. 2017. “Investigating the Impacts of Energy Consumption, Real GDP, Tourism and Trade on CO2 Emissions by Accounting for Cross-sectional Dependence: A Panel Study of OECD Countries.” Current Issues in Tourism 20 (16): 1701–1719. doi:10.1080/13683500.2015.1119103.
  • Dong, K., G. Hochman, Y. Zhang, R. Sun, H. Li, and H. Liao. 2018. “CO2 Emissions, Economic and Population Growth, and Renewable Energy: Empirical Evidence across Regions.” Energy Economics 75: 180–192. doi:10.1016/j.eneco.2018.08.017.
  • Dong, K., X. Dong, and Q. Jiang. 2020. “How Renewable Energy Consumption Lower Global CO2 Emissions? Evidence from Countries with Different Income Levels.” The World Economy 43 (6): 1665–1698. doi:10.1111/twec.12898.
  • Dumitrescu, E. I., and C. Hurlin. 2012. “Testing for Granger Non-causality in Heterogeneous Panels.” Economic Modelling 29 (4): 1450–1460. doi:10.1016/j.econmod.2012.02.014.
  • Gozgor, G., and M. Can. 2016. “Export Product Diversification and the Environmental Kuznets Curve: Evidence from Turkey.” Environmental Science and Pollution Research 23 (21): 21594–21603. doi:10.1007/s11356-016-7403-9.
  • Granger, C. W. 1969. “Investigating Causal Relations by Econometric Models and Cross-spectral Methods.” Econometrica: Journal of the Econometric Society 37 (3): 424–438. doi:10.2307/1912791.
  • Greiner, P. T., and J. A. McGee. 2020. “The Asymmetry of Economic Growth and the Carbon Intensity of Well-being.” Environmental Sociology 6 (1): 95–106. doi:10.1080/23251042.2019.1675567.
  • Guo, Y., W. You, and C. C. Lee. 2020. “CO2 Emissions, Income Inequality, and Country Risk: Some International Evidence.” Environmental Science and Pollution Research 1–21. doi:10.1007/s11356-020-09501-w.
  • Guzel, A. E., and İ. Okumus. 2020. “Revisiting the Pollution Haven Hypothesis in ASEAN-5 Countries: New Insights from Panel Data Analysis.” Environmental Science and Pollution Research 27 (15): 18157–18167. doi:10.1007/s11356-020-08317-y.
  • Haseeb, A., E. Xia, S. Saud, A. Ahmad, and H. Khurshid. 2019. “Does Information and Communication Technologies Improve Environmental Quality in the Era of Globalization? An Empirical Analysis.” Environmental Science and Pollution Research 26 (9): 8594–8608. doi:10.1007/s11356-019-04296-x.
  • Hashmi, R., and K. Alam. 2019. “Dynamic Relationship among Environmental Regulation, Innovation, CO2 Emissions, Population, and Economic Growth in OECD Countries: A Panel Investigation.” Journal of Cleaner Production 231: 1100–1109. doi:10.1016/j.jclepro.2019.05.325.
  • IMF. 2020. “Export Diversification and Quality Data.” https://data.imf.org/?sk=A093DF7D-E0B8-4913-80E0-A07CF90B44DB.
  • Inglesi-Lotz, R., and E. Dogan. 2018. “The Role of Renewable versus Non-renewable Energy to the Level of CO2 Emissions a Panel Analysis of sub-Saharan Africa’s Βig 10 Electricity Generators.” Renewable Energy 123: 36–43. doi:10.1016/j.renene.2018.02.041.
  • Jian, J., X. Fan, P. He, H. Xiong, and H. Shen. 2019. “The Effects of Energy Consumption, Economic Growth and Financial Development on CO2 Emissions in China: A VECM Approach.” Sustainability 11 (18): 4850. doi:10.3390/su11184850.
  • Khan, Z., S. Ali, K. Dong, and R. Y. M. Li. 2021. “How Does Fiscal Decentralization Affect CO2 Emissions? The Roles of Institutions and Human Capital.” Energy Economics 94: 105060. doi:10.1016/j.eneco.2020.105060.
  • Koshta, N., H. A. Bashir, and T. A. Samad. 2020. “Foreign Trade, Financial Development, Agriculture, Energy Consumption and CO2 Emission: Testing EKC among Emerging Economies.” Indian Growth and Development Review 14 (1): 50–80. doi:10.1108/IGDR-10-2019-0117.
  • Kumar, S., N. Kumar, and S. Vivekadhish. 2016. “Millennium Development Goals (MDGS) to Sustainable Development Goals (SDGS): Addressing Unfinished Agenda and Strengthening Sustainable Development and Partnership.” Indian Journal of Community Medicine 41 (1): 1–4. doi:10.4103/0970-0218.170955.
  • Le, T. H., H. C. Le, and F. Taghizadeh-Hesary. 2020. “Does Financial Inclusion Impact CO2 Emissions? Evidence from Asia.” Finance Research Letters 34: 101451. doi:10.1016/j.frl.2020.101451.
  • Leal Filho, W., U. Azeiteiro, F. Alves, P. Pace, M. Mifsud, L. Brandli, and A. Disterheft. 2018. “Reinvigorating the Sustainable Development Research Agenda: The Role of the Sustainable Development Goals (SDG).” International Journal of Sustainable Development & World Ecology 25 (2): 131–142. doi:10.1080/13504509.2017.1342103.
  • Li, W., W. Wang, Y. Wang, and Y. Qin. 2017. “Industrial Structure, Technological Progress and CO2 Emissions in China: Analysis Based on the STIRPAT Framework.” Natural Hazards 88 (3): 1545–1564. doi:10.1007/s11069-017-2932-1.
  • Lin, B., and J. Zhu. 2019. “Determinants of Renewable Energy Technological Innovation in China under CO2 Emissions Constraint.” Journal of Environmental Management 247: 662–671. doi:10.1016/j.jenvman.2019.06.121.
  • Liu, H., H. Kim, and J. Choe. 2019. “Export Diversification, CO2 Emissions and EKC: Panel Data Analysis of 125 Countries.” Asia-Pacific Journal of Regional Science 3 (2): 361–393. doi:10.1007/s41685-018-0099-8.
  • Liu, H., H. Kim, S. Liang, and O. S. Kwon. 2018. “Export Diversification and Ecological Footprint: A Comparative Study on EKC Theory among Korea, Japan, and China.” Sustainability 10 (10): 3657. doi:10.3390/su10103657.
  • Liu, X., and J. Bae. 2018. “Urbanization and Industrialization Impact of CO2 Emissions in China.” Journal of Cleaner Production 172: 178–186. doi:10.1016/j.jclepro.2017.10.156.
  • Mahadevan, R., and A. Nugroho. 2019. “Can the Regional Comprehensive Economic Partnership Minimise the Harm from the United States–China Trade War?” The World Economy 42 (11): 3148–3167. doi:10.1111/twec.12851.
  • Mania, E. 2020. “Export Diversification and CO2 Emissions: An Augmented Environmental Kuznets Curve.” Journal of International Development 32 (2): 168–185. doi:10.1002/jid.3441.
  • Marques, A. C., J. A. Fuinhas, and A. Leal. 2018. “The Impact of Economic Growth on CO 2 Emissions in Australia: The Environmental Kuznets Curve and the Decoupling Index.” Environmental Science and Pollution Research 25 (27): 27283–27296. doi:10.1007/s11356-018-2768-6.
  • Muhammad, B. 2019. “Energy Consumption, CO2 Emissions and Economic Growth in Developed, Emerging and Middle East and North Africa Countries.” Energy 179: 232–245. doi:10.1016/j.energy.2019.03.126.
  • Munir, Q., H. H. Lean, and R. Smyth. 2020. “CO2 Emissions, Energy Consumption and Economic Growth in the ASEAN-5 Countries: A Cross-sectional Dependence Approach.” Energy Economics 85: 104571. doi:10.1016/j.eneco.2019.104571.
  • Murshed, M. 2021. “Can Regional Trade Integration Facilitate Renewable Energy Transition to Ensure Energy Sustainability in South Asia?” Energy Reports 7: 808–821. doi:10.1016/j.egyr.2021.01.038.
  • Murshed, M., M. H. Chadni, and J. Ferdaus. 2020. “Does ICT Trade Facilitate Renewable Energy Transition and Environmental Sustainability? Evidence from Bangladesh, India, Pakistan, Sri Lanka, Nepal and Maldives.” Energy, Ecology and Environment 5 (6): 470–495. doi:10.1007/s40974-020-00190-2.
  • OECD. 2019. Environmental Policy, Technological Innovation and Patents. Paris: OECD.
  • Ozturk, I., and A. Acaravci. 2013. “The long-run and causal analysis of energy, growth, openness and financial development on carbon emissions in Turkey.” Energy Economics, 36: 262–267. doi:10.1016/j.eneco.2012.08.025
  • Pedroni, P. 2001. “Purchasing Power Parity Tests in Cointegrated Panels.” Review of Economics and Statistics 83 (4): 727–731. doi:10.1162/003465301753237803.
  • Pesaran, H. M. 2004. “General Diagnostic Tests for Cross-sectional Dependence in Panels.” Cambridge Working Papers in Economics. University of Cambridge, 435.
  • Pesaran, M. H. 2007. “A Simple Panel Unit Root Test in the Presence of Cross‐section Dependence.” Journal of Applied Econometrics 22 (2): 265–312. doi:10.1002/jae.951.
  • Pesaran, M. H., and T. Yamagata. 2008. “Testing Slope Homogeneity in Large Panels.” Journal of Econometrics 142 (1): 50–93. doi:10.1016/j.jeconom.2007.05.010.
  • Pesaran, M. H., Y. Shin, and R. Smith. 1999. “Pooled Mean Group Estimation of Dynamic Heterogeneous Panels.” Journal of the American Statistical Association 94 (446): 621–634. doi:10.1080/01621459.1999.10474156.
  • Phrakhruopatnontakitti, P., B. Watthanabut, and K. Jermsittiparsert. 2020. “Energy Consumption, Economic Growth and Environmental Degradation in 4 Asian Countries: Malaysia, Myanmar, Vietnam and Thailand.” International Journal of Energy Economics and Policy 10 (2): 529. doi:10.32479/ijeep.9229.
  • PRS. 2020. International Country Risk Guide (ICRG). East Syracuse: PRS.
  • Rana, R., and M. Sharma. 2019. “Dynamic Causality Testing for EKC Hypothesis, Pollution Haven Hypothesis and International Trade in India.” The Journal of International Trade & Economic Development 28 (3): 348–364. doi:10.1080/09638199.2018.1542451.
  • Rogelj, J., M. Den Elzen, N. Höhne, T. Fransen, H. Fekete, H. Winkler, R. Schaeffer, F. Sha, K. Riahi, and M. Meinshausen. 2016. “Paris Agreement Climate Proposals Need a Boost to Keep Warming Well below 2 C.” Nature 534 (7609): 631–639. doi:10.1038/nature18307.
  • Román, R., J. M. Cansino, and J. A. Rodas. 2018. “Analysis of the Main Drivers of CO2 Emissions Changes in Colombia (1990–2012) and Its Political Implications.” Renewable Energy 116: 402–411. doi:10.1016/j.renene.2017.09.016.
  • Salahuddin, M., M. A. Habib, U. Al-Mulali, I. Ozturk, M. Marshall, and M. I. Ali. 2020. “Renewable Energy and Environmental Quality: A Second-generation Panel Evidence from the Sub Saharan Africa (SSA) Countries.” Environmental Research 191: 110094. doi:10.1016/j.envres.2020.110094.
  • Salman, M., X. Long, L. Dauda, and C. N. Mensah. 2019a. “The Impact of Institutional Quality on Economic Growth and Carbon Emissions: Evidence from Indonesia, South Korea and Thailand.” Journal of Cleaner Production 241: 118331. doi:10.1016/j.jclepro.2019.118331.
  • Salman, M., X. Long, L. Dauda, C. N. Mensah, and S. Muhammad. 2019b. “Different Impacts of Export and Import on Carbon Emissions across 7 ASEAN Countries: A Panel Quantile Regression Approach.” Science of the Total Environment 686: 1019–1029. doi:10.1016/j.scitotenv.2019.06.019.
  • Seo, S. N. 2017. “Beyond the Paris Agreement: Climate Change Policy Negotiations and Future Directions.” Regional Science Policy & Practice 9 (2): 121–140. doi:10.1111/rsp3.12090.
  • Shahbaz, M., C. Raghutla, M. Song, H. Zameer, and Z. Jiao. 2020. “Public-private Partnerships Investment in Energy as New Determinant of CO2 Emissions: The Role of Technological Innovations in China.” Energy Economics 86: 104664. doi:10.1016/j.eneco.2020.104664.
  • Shahbaz, M., S. J. H. Shahzad, N. Ahmad, and S. Alam. 2016. “Financial Development and Environmental Quality: The Way Forward.” Energy Policy 98: 353–364. doi:10.1016/j.enpol.2016.09.002.
  • Shahzad, U., D. Ferraz, B. Doğan, and D. A. N. Rebelatto. 2020. “Export Product Diversification and CO2 Emissions: Contextual Evidences from Developing and Developed Countries.” Journal of Cleaner Production 276: 124146. doi:10.1016/j.jclepro.2020.124146.
  • Tian, X., F. Bai, J. Jia, Y. Liu, and F. Shi. 2019. ““Realizing Low-carbon Development in a Developing and Industrializing Region: Impacts of Industrial Structure Change on CO2 Emissions in Southwest China.” Journal of Environmental Management 233: 728–738. doi:10.1016/j.jenvman.2018.11.078.
  • Tursun, H., Z. Li, R. Liu, Y. Li, and X. Wang. 2015. “Contribution Weight of Engineering Technology on Pollutant Emission Reduction Based on IPAT and LMDI Methods.” Clean Technologies and Environmental Policy 17 (1): 225–235. doi:10.1007/s10098-014-0780-1.
  • Valadkhani, A., R. Smyth, and J. Nguyen. 2019. “Effects of Primary Energy Consumption on CO2 Emissions under Optimal Thresholds: Evidence from Sixty Countries over the Last Half Century.” Energy Economics 80: 680–690. doi:10.1016/j.eneco.2019.02.010.
  • Vu, T. V., and D. C. Huang. 2020. “Economic Development, Globalization, Political Risk and CO2 Emission: The Case of Vietnam.” The Journal of Asian Finance, Economics, and Business 7 (12): 21–31. doi:10.13106/jafeb.2020.vol7.no12.021.
  • Wang, L., H.-L. Chang, S. K. A. Rizvi, and A. Sari. 2020. “Are Eco-innovation and Export Diversification Mutually Exclusive to Control Carbon Emissions in G-7 Countries?” Journal of Environmental Management 270: 110829. doi:10.1016/j.jenvman.2020.110829.
  • Wang, Z., and Y. Zhu. 2020. “Do Energy Technology Innovations Contribute to CO2 Emissions Abatement? A Spatial Perspective.” Science of the Total Environment 726: 138574. doi:10.1016/j.scitotenv.2020.138574.
  • Westerlund, J. 2007. “Testing for Error Correction in Panel Data.” Oxford Bulletin of Economics and Statistics 69 (6): 709–748. doi:10.1111/j.1468-0084.2007.00477.x.
  • World Bank. 2020. “World Development Indicators.” https://databank.worldbank.org/source/world-development-indicators/preview/on
  • Yang, L., and Z. Li. 2017. “Technology Advance and the Carbon Dioxide Emission in China–Empirical Research Based on the Rebound Effect.” Energy Policy 101: 150–161. doi:10.1016/j.enpol.2016.11.020.
  • Yii, K. J., and C. Geetha. 2017. “The Nexus between Technology Innovation and CO2 Emissions in Malaysia: Evidence from Granger Causality Test.” Energy Procedia 105: 3118–3124. doi:10.1016/j.egypro.2017.03.654.
  • York, R., and J. A. Mcgee. 2017. “Does Renewable Energy Development Decouple Economic Growth from CO2 Emissions?” Socius: Sociological Research for a Dynamic World 3: 1–6. doi:10.1177/2378023116689098.
  • Yu, Y., and Y. Du. 2019. “Impact of Technological Innovation on CO2 Emissions and Emissions Trend Prediction on ‘New Normal’ Economy in China.” Atmospheric Pollution Research 10 (1): 152–161. doi:10.1016/j.apr.2018.07.005.
  • Zaidi, S. A. H., Wei, Z., Gedikli, A., Zafar, M. W., Hou, F., and Y. Iftikhar. 2019. “The impact of globalization, natural resources abundance, and human capital on financial development: Evidence from thirty-one OECD countries.” Resources Policy, 64: 101–476. doi:10.1016/j.resourpol.2019.101476
  • Zhang, W., and Y. B. Chiu. 2020. “Do Country Risks Influence Carbon Dioxide Emissions? A Non-linear Perspective.” Energy 206: 118048. doi:10.1016/j.energy.2020.118048.
  • Zhang, Y. J. 2011. “The impact of financial development on carbon emissions: An empirical analysis in China.” Energy Policy, 39(4): 2197–2203. doi:10.1016/j.enpol.2011.02.026
  • Zhao, J., Q. Jiang, X. Dong, and K. Dong. 2020. “Would Environmental Regulation Improve the Greenhouse Gas Benefits of Natural Gas Use? A Chinese Case Study.” Energy Economics 87: 104712. doi:10.1016/j.eneco.2020.104712.
  • Zhao, J., Q. Jiang, X. Dong, and K. Dong. 2021. “Assessing Energy Poverty and Its Effect on CO2 Emissions: The Case of China.” Energy Economics 97: 105191. doi:10.1016/j.eneco.2021.105191.

Reprints and Corporate Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

To request a reprint or corporate permissions for this article, please click on the relevant link below:

Academic Permissions

Please note: Selecting permissions does not provide access to the full text of the article, please see our help page How do I view content?

Obtain permissions instantly via Rightslink by clicking on the button below:

If you are unable to obtain permissions via Rightslink, please complete and submit this Permissions form. For more information, please visit our Permissions help page.