THE EFFECTS OF FINANCIAL OPENNESS, CONSUMPTION OF RENEWABLE ENERGY AND CONSUMPTION OF FOSSIL FUELS, CO2 EMISSIONS ON ECONOMIC GROWTH: AN EMPIRICAL EVIDENCE OF ASEAN COUNTRIES

Main Article Content

Krisada Chienwattanasook, Kittisak Jermsittiparsert, Wasana Sinrungtam

Abstract

The foremost purpose of this paper is to examine the role of financial openness, consumption of renewable energy and fossil fuels, CO2 emissions on economic growth (EG) of the ASEAN countries. Data were obtained from “The Chinn-Ito index (KAOPEN), World Bank Data (WDB), and InternationalEnergy Administration (IEA)” from 2001 to 2018. The “Generalized Moment of Method (GMM)” has been used to test the link among the understudy variables. The findings exposed that financial openness, consumption of renewable energy (RE), fuel energy, and CO2 emissions are evidence of economic development in the countries that lead them towards economic growth. These findings recommended to the regulators and policymakers that they should develop and implement the policies that restricted the institution to utilize the energy

Article Details

Section
Articles