Relating Carbon Dioxide Emissions with Macroeconomic Variables in the Philippine Setting

Relating Carbon Dioxide Emissions with Macroeconomic Variables in the Philippine Setting

Using cointegration and error correction modeling techniques, this paper examines the dynamics of carbon dioxide (CO2) emissions in relation to economic growth, energy consumption, trade openness, urbanization and foreign direct investments in the case of the Philippines. The study finds that 1) eco...

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Bibliographic Details
Main Authors: Palanca-Tan, Rosalina, Dy, Timothy Allen, Tan, Angela
Format: text
Published: Archīum Ateneo 2016
Subjects:
Carbon Dioxide Emissions
Environmental Kuznets Curve (EKC)
Pollution Haven Hypothesis
Urbanization
Trade Openness
Economics
Macroeconomics
Online Access:https://archium.ateneo.edu/economics-faculty-pubs/26
https://www.scirp.org/journal/paperinformation.aspx?paperid=64594
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Institution: Ateneo De Manila University
Description
Summary:Using cointegration and error correction modeling techniques, this paper examines the dynamics of carbon dioxide (CO2) emissions in relation to economic growth, energy consumption, trade openness, urbanization and foreign direct investments in the case of the Philippines. The study finds that 1) economic growth and CO2 emissions have a significant positive linear relationship, suggesting that income growth policies must be subject to reasonably stringent environmental constraints related to CO2 emissions; 2) CO2 emissions are inelastic with respect to energy use in the short run, but its response becomes elastic in the long-run; and 3) CO2 emissions have a positive elasticity with respect to FDI which conforms with the Pollution Haven hypothesis.

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