Chapter 9: CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries
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Published:2023
Winny Perwithosuci, Izza Mafruhah, Evi Gravitiani, Tamat Sarmidi, 2023. "CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries", Macroeconomic Risk and Growth in the Southeast Asian Countries: Insight from SEA, William A. Barnett, Bruno S. Sergi
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Abstract
Environmental degradation is a global concern that results from massive economic activities. Carbon dioxide (CO2) emissions are one of the environmental degradation indicators. This study investigates the impact of population, oil consumption, international tourist arrival, and corruption on CO2 emissions in ASEAN’s five developing countries of Malaysia, Indonesia, Thailand, Philippines, and Vietnam from 1998 to 2017. This study employed panel Fixed-effect (FE) regression to estimate the panel data generated by British Petroleum and World Bank. The result revealed that the population has a significant positive effect on CO2 emissions. Furthermore, oil consumption has a significant positive effect on CO2 emissions. Meanwhile, the effect of tourism and the corruption perception index (CPI) as a proxy of corruption on CO2 emissions was positive but not significant. Authorities should construct such policies to reduce CO2 emissions by applying low-carbon technologies, green mass transport, and creating less corrupt behavior.
