Determinants of Green GDP in ASEAN-5 Countries
The over-exploitation of natural resources to increase economic growth causes environmental degradation, and climate change has been a serious research issue. Gross Domestic Green Product (green GDP) is a proxy of Green economic growth. It is an indicator of sustainable economic development that con...
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| Format: | UMS Journal (OJS) |
| Language: | eng |
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Muhammadiyah University Press
2023
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| Online Access: | https://journals.ums.ac.id/index.php/JEP/article/view/22488 |
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| author | Hidayah, Nur Wahyuningrum, Dinar Kamara, Ibrahim Sorie Rahmah, Jihan Lutfiyah |
| author_facet | Hidayah, Nur Wahyuningrum, Dinar Kamara, Ibrahim Sorie Rahmah, Jihan Lutfiyah |
| author_sort | Hidayah, Nur |
| collection | OJS |
| description | The over-exploitation of natural resources to increase economic growth causes environmental degradation, and climate change has been a serious research issue. Gross Domestic Green Product (green GDP) is a proxy of Green economic growth. It is an indicator of sustainable economic development that considers aspects of environmental degradation. This study aims to determine the effect of carbon dioxide emissions, foreign direct investment, current account balance, and population on green GDP in five ASEAN countries: Indonesia, Malaysia, Thailand, the Philippines, and Myanmar. This study utilized panel data, a combination between time series and cross-section data. The panel data was examined by using the eViews 11 application. The selected model was the Fixed Effect Model (FEM). This study found that two independent variables: carbon dioxide emissions and the population had a significant positive effect on green GDP. Meanwhile, Foreign Direct Investment and current accounts do not significantly affect green GDP. Thus, the government as a regulator has a role in managing policies related to carbon emissions and population in supporting green economic growth. |
| format | UMS Journal (OJS) |
| id | oai:ojs2.journals.ums.ac.id:article-22488 |
| institution | Universitas Muhammadiyah Surakarta |
| language | eng |
| publishDate | 2023 |
| publisher | Muhammadiyah University Press |
| record_format | ojs |
| spelling | oai:ojs2.journals.ums.ac.id:article-22488 Determinants of Green GDP in ASEAN-5 Countries Hidayah, Nur Wahyuningrum, Dinar Kamara, Ibrahim Sorie Rahmah, Jihan Lutfiyah Green GDP, CO2, FDI, Population, Current Account Q56, C23 The over-exploitation of natural resources to increase economic growth causes environmental degradation, and climate change has been a serious research issue. Gross Domestic Green Product (green GDP) is a proxy of Green economic growth. It is an indicator of sustainable economic development that considers aspects of environmental degradation. This study aims to determine the effect of carbon dioxide emissions, foreign direct investment, current account balance, and population on green GDP in five ASEAN countries: Indonesia, Malaysia, Thailand, the Philippines, and Myanmar. This study utilized panel data, a combination between time series and cross-section data. The panel data was examined by using the eViews 11 application. The selected model was the Fixed Effect Model (FEM). This study found that two independent variables: carbon dioxide emissions and the population had a significant positive effect on green GDP. Meanwhile, Foreign Direct Investment and current accounts do not significantly affect green GDP. Thus, the government as a regulator has a role in managing policies related to carbon emissions and population in supporting green economic growth. Muhammadiyah University Press 2023-12-29 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf text/html https://journals.ums.ac.id/index.php/JEP/article/view/22488 10.23917/jep.v24i2.22488 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan; Vol 24, No 2 (2023): JEP 2023; 256-264 2460-9331 1411-6081 eng https://journals.ums.ac.id/index.php/JEP/article/view/22488/8856 https://journals.ums.ac.id/index.php/JEP/article/view/22488/9003 https://journals.ums.ac.id/index.php/JEP/article/downloadSuppFile/22488/5817 Copyright (c) 2023 Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan https://creativecommons.org/licenses/by/4.0 |
| spellingShingle | Green GDP, CO2, FDI, Population, Current Account Q56, C23 Hidayah, Nur Wahyuningrum, Dinar Kamara, Ibrahim Sorie Rahmah, Jihan Lutfiyah Determinants of Green GDP in ASEAN-5 Countries |
| title | Determinants of Green GDP in ASEAN-5 Countries |
| title_full | Determinants of Green GDP in ASEAN-5 Countries |
| title_fullStr | Determinants of Green GDP in ASEAN-5 Countries |
| title_full_unstemmed | Determinants of Green GDP in ASEAN-5 Countries |
| title_short | Determinants of Green GDP in ASEAN-5 Countries |
| title_sort | determinants of green gdp in asean 5 countries |
| topic | Green GDP, CO2, FDI, Population, Current Account Q56, C23 |
| topic_facet | Green GDP, CO2, FDI, Population, Current Account Q56, C23 |
| url | https://journals.ums.ac.id/index.php/JEP/article/view/22488 |
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