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The impact of energy consumption, FDI, and economic growth on CO<sub>2</sub> emissions in Central Asia. Empirical evidence from panel ARDL

Yuldoshboy SobirovJeonbuk National University, Department of International Trade, 54896, Jeonju-si, Republic of KoreaAkobir TukhtamurodovJeonbuk National University, Department of International Trade, 54896, Jeonju-si, Republic of KoreaMamurbek KarimovJeonbuk National University, Department of International Trade, 54896, Jeonju-si, Republic of KoreaDilmurad BekjanovUrgench State University, Kh.Alimdjan Street, 14, 220100, Urgench, UzbekistanMirzobek AvezovUrgench State University, Kh.Alimdjan Street, 14, 220100, Urgench, Uzbekistan
E3S Web of Conferencesjournal2023en
ABI

Abstract

Utilizing Panel ARDL and a panel Granger causality test, this paper examines the influence of GDP, energy usage, FDI, and trade openness on carbon dioxide (CO 2 ) emissions in three specific Central Asian countries: Kazakhstan, Kyrgyz Republic, and Uzbekistan, from 1997 to 2021. PMG approach findings indicate that energy usage, FDI, and trade have a statistically significant positive impact on CO 2 emissions, but GDP has a negative and statistically significant effect on CO 2 emissions. In the short-run, only FDI and energy consumption have statistically significant impact on CO 2 emissions, negative and positive, respectively. Granger non-causality test also verifies that each variables have a granger cause on CO2 emissions in Central Asian countries.

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