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CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries
Building: Parallel Session 1
Room: E
Date: 2020-10-27 01:15 PM – 02:30 PM
Last modified: 2020-10-18
Abstract
Environmental degradation being a global concern recently due to the result of massive economic activities. Carbon dioxide (CO2) emissions is one of environmental degradation indicators. This study investigates the impact of population, oil consumption, international tourist arrival and corruption on carbon dioxide (CO2) emissions in ASEAN 5 developing countries that are Malaysia, Indonesia, Thailand, Philippines, and Vietnam from 1998 to 2017. The data is generated from British Petroleum and World Bank. The panel data estimated using STATA 14. This study employed panel Fixed-Effects regression to estimate the panel data. The result revealed that population affect CO2 emissions positively significant at 10% level. Oil consumption affect CO2 emissions positively significant at 5% level. Meanwhile, the effect of the number of international tourist arrival and corruption perception index as a proxy of corruption on CO2 emissions showed positively but not significant. Authorities should construct policies to reduce CO2 emissions such as the application of low carbon technologies, green mass transport, and creating less corrupt behavior.Keywords: CO2 Emission, Population, Oil Consumption, Tourism, Corruption