Dynamic Analysis of Environmental Degradation and Economic Activities in the Asia-Pacific Region-Reference-Cited by-同舟云学术

Dynamic Analysis of Environmental Degradation and Economic Activities in the Asia-Pacific Region

Published:2024-03-31 Issue:02 Volume:3 Page:69-80
ISSN:2962-5467
Container-title:Journal of Management Studies and Development
language:
Short-container-title:JMSD

Author:

Lestari Yova Tri,Kurniawan Mahrus Lutfi Adi^ORCID,Khan Zafar^ORCID

Abstract

Economic growth is crucial for assessing a country's economic success, measured by its per capita income increase over time, primarily through Gross Domestic Product (GDP). This study investigates the impact of Gross Fixed Capital Formation (GFCF), energy consumption, CO2 emissions, and renewable energy on economic growth in the Asia-Pacific region from 2016 to 2021. Using the Difference Generalized Method of Moments (Difference GMM) and Stata 14, the findings show that GFCF positively influences economic growth in developing countries but not significantly in developed ones. Energy consumption positively affects economic growth in developing countries, but not in developed ones. CO2 emissions have no significant impact on economic growth. Renewable energy negatively affects economic growth in developing countries, while its impact is insignificant in developed ones.

Publisher

The Indonesian Institute of Science and Technology Research

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