International Business Management
ISSN: OnlineISSN: Print 1993-5250
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 (CO2) due to energy use. Hence, it seems highly important to examine the effects of economic 2 and financial developments on CO2 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 CO2 emissions. Likewise, energy consumption has the expected 2 positive effect on CO2 emissions. These findings are relevant and useful to potential government policy.
How to cite this article:
Tuan Hock Ng, Chin Chew Low and Kar Hoong Chan. The Role of Economic and Financial Developments for Environmental
Quality in the ASEAN Economic Community (AEC).
DOI: https://doi.org/10.36478/ibm.2016.3878.3883
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2016.3878.3883