Abstract
Nexus among Carbon Emissions, Real Output and Energy Consumption in Malaysia and South Korea: New Evidence using Non-Linear Autoregressive Distributed Lag (NARDL) Analysis
Highlights
Global warming has turned into a serious threat to the existence of mankind
This study investigated the asymmetries in the nexus between carbon emissions, real output, and energy consumption in Malaysia and South Korea via non-linear autoregressive distributed lag (NARDL) estimation
Upon confirming the unit root, the analysis was preceded by conducting a bound test for asymmetric co-integration. This test ascertained the existence of long run co-integration within the three proposed models, which had been performed by comparing the F-statistics values generated from the Wald test with the critical value table suggested by Pesaran (2001)
Summary
Global warming has turned into a serious threat to the existence of mankind. The escalating global average air and ocean temperatures, the meltdown of ice caps, and the rise of global average sea levels are the supporting evidence that global warming has detrimental effects upon Mother Earth. One of the many reasons for this occurrence of climate change is due to the escalating usage of energy consumption derived from polluted energy resources, such as coal and fossil fuels, to generate economic output Excessive usage of such energy, it has a significant influence upon higher economic activities, could lead to higher emission of carbon into the atmosphere, causing global warming. After the 1990s, the South Korean government had successfully brought the country to another level of economic stage as they had placed more focus in developing their own technology, which led to the success of their five well-known companies, namely Samsung, LG, Hyundai, SK, and Lotte These five companies, which are called as chaebol, have contributed to approximately 60% of the country’s total GDP. The different stages of economic development between Malaysia and South Korea may influence the nexus between carbon emissions, real output, and energy consumption in these two countries.
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