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Determinants of CO2 Emissions in Emerging Markets: An Empirical Evidence from MINT Economies

International Journal of Renewable Energy Development : JRED · Vol. 9 No. 3 (2020) · hlm. 411–422

DOI
10.14710/ijred.2020.31321
ISSN
2252-4940
Terbit
2020-10-15
Penerbit
Center of Biomass & Renewable Energy (CBIORE)
Bahasa
eng
Lisensi
creativecommons.org/licenses/by-sa/4.0

Abstrak

CO2 emission is one the major contributor to climate change that the top CO2 emitting countries are always trying to mitigate. In an attempt to fill the gap in energy and environmental literature, this study explores the interaction between economic growth, energy usage, trade and urbanization on CO2 emission for MINT economies using the time coverage from 1980 to 2018, providing new perspectives into the literature by employing panel data analysis. Aiming to create robust outcomes, this paper deployed both conventional and modern econometric techniques. The panel co-integration test revealed evidence of the co-integration between CO2 and its determinants in the MINT economies. In order to explore the linkages between CO2 and its determinants, the ARDL PMG model was utilized in MINT economies. Findings based on the ARDL PMG reveals; (i) positive interconnection between CO2 emissions and energy usage; (ii) no significant link was found between CO2 and economic growth; (iii) urbanization influence CO2 positively while a negative link was found between CO2 and trade. Furthermore, the Dumitrescu-Hurlin Causality test revealed; (i) uni-directional causality from CO2 to urbanization; (ii) GDP growth cause CO2 while CO2 causes energy usage. Based on these findings, recommendations were put forward.

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  • Cyprus International University
  • Near East University
  • Eastern Mediterranean University
  • Borsa Istanbul (Turkey)
  • Girne American University
  • Olabisi Onabanjo University
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Rekan penulisOrganisasiArtikel bersama
Derviş KirikkaleliAfiliasi tidak diketahui2
Mustafa Tevfik KartalBorsa Istanbul (Turkey)1
Gbenga Daniel AkinsolaGirne American University1
Seun Damola OladipupoOlabisi Onabanjo University1
Husam RjoubCyprus International University1

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Sumber metadata: OAI-PMH (metadata jurnal) https://ijred.cbiore.id/index.php/ijred/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en-US">Determinants of CO2 Emissions in Emerging Markets: An Empirical Evidence from MINT Economies</dc:title>
	<dc:creator>Adebayo, Tomiwa Sunday</dc:creator>
	<dc:creator>Awosusi, Ayobamiji Abraham</dc:creator>
	<dc:creator>Adeshola, Ibrahim</dc:creator>
	<dc:subject xml:lang="en-US">MINT; CO2 Emissions; Urbanization; Energy consumption; Trade; Economic growth; Granger causality</dc:subject>
	<dc:description xml:lang="en-US">CO2 emission is one the major contributor to climate change that the top CO2 emitting countries are always trying to mitigate.  In an attempt to fill the gap in energy and environmental literature, this study explores the interaction between economic growth, energy usage, trade and urbanization on CO2 emission for MINT economies using the time coverage from 1980 to 2018, providing new perspectives into the literature by employing panel data analysis. Aiming to create robust outcomes, this paper deployed both conventional and modern econometric techniques. The panel co-integration test revealed evidence of the co-integration between CO2 and its determinants in the MINT economies. In order to explore the linkages between CO2 and its determinants, the ARDL PMG model was utilized in MINT economies. Findings based on the ARDL PMG reveals; (i) positive interconnection between CO2 emissions and energy usage; (ii) no significant link was found between CO2 and economic growth; (iii) urbanization influence CO2 positively while a negative link was found between CO2 and trade. Furthermore, the Dumitrescu-Hurlin Causality test revealed; (i) uni-directional causality from CO2 to urbanization; (ii) GDP growth cause CO2 while CO2 causes energy usage. Based on these findings, recommendations were put forward. </dc:description>
	<dc:publisher xml:lang="en-US">Center of Biomass &amp; Renewable Energy (CBIORE)</dc:publisher>
	<dc:date>2020-10-15</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en-US"></dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ijred.cbiore.id/index.php/ijred/article/view/31321</dc:identifier>
	<dc:identifier>10.14710/ijred.2020.31321</dc:identifier>
	<dc:source xml:lang="en-US">International Journal of Renewable Energy Development; Vol 9, No 3 (2020): October 2020; 411-422</dc:source>
	<dc:source>2252-4940</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ijred.cbiore.id/index.php/ijred/article/view/31321/pdf</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2020 The Authors. Published by Centre of Biomass and Renewable Energy (CBIORE)</dc:rights>
	<dc:rights xml:lang="en-US">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>