From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia
This study analyzes the impact of economic expansion, fossil fuel consumption, renewable energy adoption, and health expenditure on carbon dioxide (CO2) emissions in Malaysia from 1990 to 2021. The autoregressive distributed lag (ARDL) method is used to examine short and long-term consequences. The...
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my.uniten.dspace-340192024-10-14T11:17:41Z From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia Raihan A. Voumik L.C. Ridwan M. Ridzuan A.R. Jaaffar A.H. Yusoff N.Y.M. 57217857486 58529725000 57193875302 57201919567 58897806500 55812094300 Climate change CO<sub>2</sub> emissions Economic growth Fossil fuel Health expenditure Renewable energy Carbon dioxide Climate change Economic and social effects Economics Energy utilization Sustainable development Auto-regressive CO 2 emission Cointegration Test Economic expansion Economic growths Green growths Health expenditures Malaysia Renewable energies Sustainable practices Fossil fuels This study analyzes the impact of economic expansion, fossil fuel consumption, renewable energy adoption, and health expenditure on carbon dioxide (CO2) emissions in Malaysia from 1990 to 2021. The autoregressive distributed lag (ARDL) method is used to examine short and long-term consequences. The ARDL bounds test revealed evidence of cointegration among the variables in the long run which is verified by the Johansen cointegration test and Engle-Granger cointegration test. The empirical results suggest that increased economic expansion and fossil fuel usage are associated with higher CO2 emissions. In contrast, renewable energy use and health expenditure are linked with lower CO2 emissions in the long term. The Toda-Yamamoto causality test is also employed to investigate causal relationships between variables. The study recommends that the Malaysian government invest in green technology and promote policies that encourage sustainable practices. A green growth approach can ensure economic growth, mitigate environmental challenges, and achieve sustainable development goals. Health initiatives should also be prioritized to promote economic growth while mitigating environmental damage. This approach can reduce the country's reliance on fossil fuels, create new employment opportunities, and contribute to the overall well-being of the population. In conclusion, Malaysia's economic growth has led to an increase in energy demand and CO2 emissions. However, adopting a green growth approach by investing in renewable energy, sustainable practices, and health initiatives can pave the way for a sustainable and prosperous future. � 2023 The Authors Final 2024-10-14T03:17:41Z 2024-10-14T03:17:41Z 2023 Article 10.1016/j.egyr.2023.10.084 2-s2.0-85176274277 https://www.scopus.com/inward/record.uri?eid=2-s2.0-85176274277&doi=10.1016%2fj.egyr.2023.10.084&partnerID=40&md5=c6d05355a944d0ff9b0b919181887d64 https://irepository.uniten.edu.my/handle/123456789/34019 10 4318 4331 All Open Access Gold Open Access Elsevier Ltd Scopus |
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Climate change CO<sub>2</sub> emissions Economic growth Fossil fuel Health expenditure Renewable energy Carbon dioxide Climate change Economic and social effects Economics Energy utilization Sustainable development Auto-regressive CO 2 emission Cointegration Test Economic expansion Economic growths Green growths Health expenditures Malaysia Renewable energies Sustainable practices Fossil fuels |
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Climate change CO<sub>2</sub> emissions Economic growth Fossil fuel Health expenditure Renewable energy Carbon dioxide Climate change Economic and social effects Economics Energy utilization Sustainable development Auto-regressive CO 2 emission Cointegration Test Economic expansion Economic growths Green growths Health expenditures Malaysia Renewable energies Sustainable practices Fossil fuels Raihan A. Voumik L.C. Ridwan M. Ridzuan A.R. Jaaffar A.H. Yusoff N.Y.M. From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| description |
This study analyzes the impact of economic expansion, fossil fuel consumption, renewable energy adoption, and health expenditure on carbon dioxide (CO2) emissions in Malaysia from 1990 to 2021. The autoregressive distributed lag (ARDL) method is used to examine short and long-term consequences. The ARDL bounds test revealed evidence of cointegration among the variables in the long run which is verified by the Johansen cointegration test and Engle-Granger cointegration test. The empirical results suggest that increased economic expansion and fossil fuel usage are associated with higher CO2 emissions. In contrast, renewable energy use and health expenditure are linked with lower CO2 emissions in the long term. The Toda-Yamamoto causality test is also employed to investigate causal relationships between variables. The study recommends that the Malaysian government invest in green technology and promote policies that encourage sustainable practices. A green growth approach can ensure economic growth, mitigate environmental challenges, and achieve sustainable development goals. Health initiatives should also be prioritized to promote economic growth while mitigating environmental damage. This approach can reduce the country's reliance on fossil fuels, create new employment opportunities, and contribute to the overall well-being of the population. In conclusion, Malaysia's economic growth has led to an increase in energy demand and CO2 emissions. However, adopting a green growth approach by investing in renewable energy, sustainable practices, and health initiatives can pave the way for a sustainable and prosperous future. � 2023 The Authors |
| author2 |
57217857486 |
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57217857486 Raihan A. Voumik L.C. Ridwan M. Ridzuan A.R. Jaaffar A.H. Yusoff N.Y.M. |
| format |
Article |
| author |
Raihan A. Voumik L.C. Ridwan M. Ridzuan A.R. Jaaffar A.H. Yusoff N.Y.M. |
| author_sort |
Raihan A. |
| title |
From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| title_short |
From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| title_full |
From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| title_fullStr |
From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| title_full_unstemmed |
From growth to green: Navigating the complexities of economic development, energy sources, health spending, and carbon emissions in Malaysia |
| title_sort |
from growth to green: navigating the complexities of economic development, energy sources, health spending, and carbon emissions in malaysia |
| publisher |
Elsevier Ltd |
| publishDate |
2024 |
| _version_ |
1814061163002986496 |
| score |
13.211869 |