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...

Descripción completa

Guardado en:

Detalles Bibliográficos
Autor principal:	Tanattrin Bunnag
Formato:	article
Lenguaje:	EN
Publicado:	EconJournals 2021
Materias:	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
Acceso en línea:	https://doaj.org/article/70bc62752718487da4a6473a8a6448e5
Etiquetas:	Agregar Etiqueta Sin Etiquetas, Sea el primero en etiquetar este registro!

id	oai:doaj.org-article:70bc62752718487da4a6473a8a6448e5
record_format	dspace
spelling	oai:doaj.org-article:70bc62752718487da4a6473a8a6448e52021-11-12T07:27:32ZThe Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach2146-4553https://doaj.org/article/70bc62752718487da4a6473a8a6448e52021-11-01T00:00:00Zhttps://econjournals.com/index.php/ijeep/article/view/11811https://doaj.org/toc/2146-4553<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>Tanattrin BunnagEconJournalsarticleEnvironmental sciencesGE1-350Energy industries. Energy policy. Fuel tradeHD9502-9502.5ENInternational Journal of Energy Economics and Policy, Vol 11, Iss 6, Pp 427-431 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5
spellingShingle	Environmental sciences GE1-350 Energy industries. Energy policy. Fuel trade HD9502-9502.5 Tanattrin Bunnag The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
description	<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>
format	article
author	Tanattrin Bunnag
author_facet	Tanattrin Bunnag
author_sort	Tanattrin Bunnag
title	The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
title_short	The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
title_full	The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
title_fullStr	The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
title_full_unstemmed	The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach
title_sort	causal relationship among co2 emission, oil consumption and economic growth in thailand: ardl bound testing approach
publisher	EconJournals
publishDate	2021
url	https://doaj.org/article/70bc62752718487da4a6473a8a6448e5
work_keys_str_mv	AT tanattrinbunnag thecausalrelationshipamongco2emissionoilconsumptionandeconomicgrowthinthailandardlboundtestingapproach AT tanattrinbunnag causalrelationshipamongco2emissionoilconsumptionandeconomicgrowthinthailandardlboundtestingapproach
_version_	1718431115279073280

The Causal Relationship among CO2 Emission, Oil Consumption and Economic Growth in Thailand: ARDL Bound Testing Approach

Ejemplares similares