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All Journal JDE (Journal of Developing Economies) EkBis: Jurnal Ekonomi dan Bisnis
Suseno , Priyonggo
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Economics, Econometrics & Finance

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Tourism, Information Communication and Technology, Renewable Energy Consumption, Economic Growth and CO2 Emissions in Indonesia Yaseen, Atif; Suseno , Priyonggo; Shah, Syed Ghulam Hussain
EkBis: Jurnal Ekonomi dan Bisnis Vol. 8 No. 1 (2024): EkBis: Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Islam, UIN Sunan Kalijaga Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/EkBis.2024.8.1.2155

Abstract

This study uses annual data from 1995 to 2020 to investigate the Impact of Tourism, Information Communication and Technology, Renewable Energy Consumption, and Economic Growth on CO2 Emissions in Indonesia. The relationship between the variables was investigated using an autoregressive distributed lag (ARDL) approach, which considered both the long and short runs. The unit root tests were used to determine the data's stationarity and the F-statistics bound test validated cointegration between variables. This study found short-run and long-term correlations between CO2 emissions from Indonesia's tourism sector, information communication and technology, usage of renewable energy consumption, and economic growth. In the long run, Indonesia's CO2 emissions rise by 0.034% and 0.079%, and in the short run, by 0.040% and 0.092%, with a 1% increase in ICT and economic growth, respectively. Furthermore, decreases in CO2 emissions of 0.050% and 0.287 over the long run and 0.058% and 0.344% over the short run, respectively, may result from a 1% increase in tourism and renewable energy consumption. The study's findings show that although Indonesia's CO2 emissions are growing due to ICT and economic growth, they are falling due to tourism and the use of renewable energy. Further research could be possible with more economic data and modern econometric techniques. According to these findings, in addition to eco-friendly tourist laws, the ICT sector, and renewable energy sources, authorities in Indonesia should prioritize greater environmentally friendly economic growth to protect the country's natural environment.
Impact of Macroeconomic Variables and Mortality Rates Under 5 on CO2 Emissions: A Case Study of Lithuania Yaseen, Atif; Suseno , Priyonggo; Shah, Syed Ghulam Hussain
Journal of Developing Economies Vol. 9 No. 2 (2024)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jde.v9i2.54940

Abstract

This study examined how Lithuania’s CO2 emissions were affected by macroeconomic variables and mortality rates between 1995 and 2020. ARDL analysis, cointegration regression, diagnostics test, and robustness test were used to quantify the impact of mortality rates, macroeconomic variables, and CO2 emissions. The findings of the unit root test confirmed that all variables are stationary. Similarly, the ARDL bound test values show that the variables are cointegrated and that a long-run relationship exists between them. However, the ARDL methods both showed that mortality rates, trade openness, and economic growth have a significant positive impact on CO2 emissions. Hence, renewable energy consumption helps reduce CO2 emissions. Furthermore, diagnostic tests confirmed no serial correlation, no heteroscedasticity exists, and robust tests also show that the model is stable. While cointegration regression results are similar to the ARDL model test. The study analysis suggests the essential policy recommendations aimed at reducing CO2 emissions and the need to improve health sectors (specifically, mortality rates under 5). This study expands the existing literature on environmental economics, and its findings will help improve policy and frameworks in Lithuania to reduce carbon emissions.
Co-Authors Shah, Syed Ghulam Hussain Yaseen, Atif