Investigating the influence of economic variables and socio-economic indicators on carbon emission in Asian and Asia-Pacific countries Available to Purchase

Climate change is one of the most pressing challenges with range of ecological, physical and health impact to civilization. The main cause of climate change is massive amount of CO₂ emissions released due to anthropogenic. This study investigates the long-run relationship and short-run dynamic between carbon emissions with the selected economic variables and socioeconomic indicators. Utilizing data from twenty selected countries in Asia, the variables employed in this study consist of economic growth, energy consumption, government integrity and education level during the period 1995 to 2017. To achieve the objectives, the study has employed heterogeneous panel data techniques. The results of panel cointegration analysis indicates that there exists long-run relationship between total CO₂ emissions into atmosphere and economic growth, energy consumption, government integrity and education level. In general, LGDP is found to be negatively affecting the LCO₂ while LEC, LGOV and EDU are found to be positively related to LCO₂. On the contrary, the income level of Asian countries does not have any impact in the long-term in analyzing the impact of economic and socioeconomic variables on CO₂ emissions. Government bodies will need to promote the development and utilization of energy-efficient technologies. The more efficient the government regulate environmental policies, the better the countries able to mitigate the environmental pollution. A change of perception in education role is needed to create awareness for better and cleaner atmosphere.