Tuan Hock  Ng, Chin Chew  Low, Kar Hoong  Chan, 
    The Role of Economic and Financial Developments for Environmental
Quality in the ASEAN Economic Community (AEC),
    International Business Management,
    Volume 10,Issue 17,
    2016,
    Pages 3878-3883,
    ISSN 1993-5250,
    ibm.2016.3878.3883,
    (https://makhillpublications.co/view-article.php?doi=ibm.2016.3878.3883)
    Abstract: While economic development is probably top of mind for leaders of many developing countries, it is equally imperative for them to focus on greenhouse effect and global warming, mainly due to more economic outputs are often accompanied by energy use and a higher level of climate-warming pollutants. Not only that, financial development which is essential for economic development will give rise to substantial emissions of carbon dioxide (CO<sub>2</sub>) due to energy use. Hence, it seems highly important to examine the effects of economic 2 and financial developments on CO<sub>2</sub> emissions. This study, covers eight members of the ASEAN Economic 2 Community (AEC) between 2000 and 2010. The random-effect model yields evidence that economic and financial developments have positive relationships with CO<sub>2</sub> emissions. Likewise, energy consumption has the expected 2 positive effect on CO<sub>2</sub> emissions. These findings are relevant and useful to potential government policy.
    Keywords: Economic development;financial development;CO2 emissions;ASEAN;relationships