The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
<p>This paper examined the causal relationships among CO<sub>2</sub> emission, oil consumption, and economic growth in Thailand. The data used in this study was the yearly data from 1971 to 2014. The ARDL and Granger causality approaches were employed. Overall, the empirical result...
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| Formato: | article |
| Lenguaje: | EN |
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EconJournals
2021
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| Acceso en línea: | https://doaj.org/article/70bc62752718487da4a6473a8a6448e5 |
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| Sumario: | <p>This paper examined the causal relationships among CO<sub>2</sub> emission, oil consumption, and economic growth in Thailand. The data used in this study was the yearly data from 1971 to 2014. The ARDL and Granger causality approaches were employed. Overall, the empirical results showed that it had established a long-run relationship among CO<sub>2</sub> emission, oil consumption, and economic growth. Moreover, there is a one-way (unidirectional) short-run Granger causality between oil consumption and CO<sub>2</sub> emission. In addition, there is a one-way (unidirectional) long-run Granger causality between oil consumption and CO<sub>2</sub> emission and a one-way long-run causal route from oil consumption to economic growth and CO<sub>2</sub> emission. Finally, the empirical results of this study provided that policymakers need to improve efficiency in oil consumption not to increase CO<sub>2</sub> emissions. Furthermore, policymakers should endeavor to overcome the constraints on oil consumption to achieve economic growth.</p><p><strong>Keywords: </strong>oil consumption, CO<sub>2</sub> emission, economic growth, ARDL, and Granger causality approaches</p><p><strong>JEL Classifications: </strong>C13, C20</p><p>DOI: <a href="https://doi.org/10.32479/ijeep.11811">https://doi.org/10.32479/ijeep.11811</a></p> |
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