Renewable Energy, Urbanization, Financial Development and Environmental Degradation in the ASEAN Countries

IF 1.3 Q4 ENVIRONMENTAL STUDIES
T. Tran, Quan Hung Tran, N. T. Vu, D. Vo
{"title":"Renewable Energy, Urbanization, Financial Development and Environmental Degradation in the ASEAN Countries","authors":"T. Tran, Quan Hung Tran, N. T. Vu, D. Vo","doi":"10.1177/09754253221151102","DOIUrl":null,"url":null,"abstract":"The ASEAN countries have increasingly become a new economic force in the global economy. Economic growth and development have significantly improved living standards. However, environmental degradation in the region has been significantly deteriorating. This study examines the long-term effects of renewable energy consumption, urbanization and financial development on environmental degradation in ASEAN countries from 1995 to 2020. Various econometric techniques are used, including the fully modified OLS, dynamic OLS, canonical cointegration regression and Ganger’s causality relationship. The empirical results indicate that increased renewable energy consumption and extended urbanization reduce environmental degradation. However, economic growth and financial development lead to increased environmental degradation. Granger’s causality relationship analysis confirms a bidirectional linkage between renewable energy consumption and urbanization, urbanization and financial development, and urbanization and environmental degradation. Financial development and urbanization also have a bidirectional causality relationship with economic growth. Finally, the results confirm a unilateral causality relationship between environmental degradation financial development and urbanization. The governments of the ASEAN countries will need to consider the significant roles of renewable energy usage and urbanization in their policies in achieving sustainable economic growth and development and improving environmental quality.","PeriodicalId":44690,"journal":{"name":"Environment and Urbanization ASIA","volume":null,"pages":null},"PeriodicalIF":1.3000,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Environment and Urbanization ASIA","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1177/09754253221151102","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"ENVIRONMENTAL STUDIES","Score":null,"Total":0}
引用次数: 1

Abstract

The ASEAN countries have increasingly become a new economic force in the global economy. Economic growth and development have significantly improved living standards. However, environmental degradation in the region has been significantly deteriorating. This study examines the long-term effects of renewable energy consumption, urbanization and financial development on environmental degradation in ASEAN countries from 1995 to 2020. Various econometric techniques are used, including the fully modified OLS, dynamic OLS, canonical cointegration regression and Ganger’s causality relationship. The empirical results indicate that increased renewable energy consumption and extended urbanization reduce environmental degradation. However, economic growth and financial development lead to increased environmental degradation. Granger’s causality relationship analysis confirms a bidirectional linkage between renewable energy consumption and urbanization, urbanization and financial development, and urbanization and environmental degradation. Financial development and urbanization also have a bidirectional causality relationship with economic growth. Finally, the results confirm a unilateral causality relationship between environmental degradation financial development and urbanization. The governments of the ASEAN countries will need to consider the significant roles of renewable energy usage and urbanization in their policies in achieving sustainable economic growth and development and improving environmental quality.
东盟国家的可再生能源、城市化、金融发展与环境恶化
东盟国家日益成为全球经济中的一股新的经济力量。经济增长和发展大大提高了生活水平。然而,该区域的环境退化情况一直在显著恶化。本研究考察了1995年至2020年东盟国家可再生能源消费、城市化和金融发展对环境退化的长期影响。使用了各种计量技术,包括完全修正OLS、动态OLS、规范协整回归和Ganger因果关系。实证结果表明,可再生能源消费的增加和城市化的延长减少了环境退化。然而,经济增长和金融发展导致环境恶化加剧。格兰杰的因果关系分析证实了可再生能源消费与城市化、城市化与金融发展以及城市化与环境退化之间的双向联系。金融发展和城市化也与经济增长存在双向因果关系。最后,研究结果证实了环境退化、金融发展与城市化之间存在单方面的因果关系。东盟国家政府需要考虑可再生能源使用和城市化在实现可持续经济增长和发展以及改善环境质量的政策中的重要作用。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
求助全文
约1分钟内获得全文 求助全文
来源期刊
Environment and Urbanization ASIA
Environment and Urbanization ASIA ENVIRONMENTAL STUDIES-
CiteScore
2.70
自引率
0.00%
发文量
24
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整,为了账户安全,请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
确定
请完成安全验证×
copy
已复制链接
快去分享给好友吧!
我知道了
右上角分享
点击右上角分享
0
联系我们:info@booksci.cn Book学术提供免费学术资源搜索服务,方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号:481959085
Book学术官方微信