Download PDFOpen PDF in browserImpact of Economic Growth, Urbanization and Electricity Consumption On Environmental Degradation: Evidence from ASEAN-5EasyChair Preprint 1076916 pages•Date: August 24, 2023AbstractThe study purposes to determine the impact of economic growth, urbanization, and electricity consumption on CO2 emissions. The data used is annual panel data for 30 years (1992-2021) in 5 selected ASEAN countries (Indonesia, Thailand, Malaysia, Singapore, and the Philippines) corrected using the Panel Auto-Regressive Distribution Lags (ARDL) approach. The findings prove that in the long run economic growth and electricity consumption have a significant positive impact on CO2 emissions. Meanwhile, the urbanization variable has a negative impact on CO2 emissions. In the short term, economic growth has a negative impact on CO2 emissions. Then urbanization and electricity consumption have a positive impact on CO2 emissions. Therefore, this study states that ASEAN-5 governments as policy makers should prepare environmental policies that can reduce CO2 emissions without sacrificing economic growth. Keyphrases: CO2 emissions, Electric energy consumption, Environment degradation, Urbanization, economic growth
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