TY - JOUR
T1 - The effect of import product diversification on carbon emissions
T2 - New evidence for sustainable economic policies
AU - Hu, Guoheng
AU - Can, Muhlis
AU - Paramati, Sudharshan Reddy
AU - Doğan, Buhari
AU - Fang, Jianchun
N1 - We are thankful for the research support by the National Social Science Fund of China (16BJY052); Zhejiang Provincial Natural Science Foundation, China (LY18G030040; LZ20G010002; LY20G030024); and Fundamental Research Funds for the Provincial Universities of Zhejiang, China (GB201902002).
PY - 2020/3
Y1 - 2020/3
N2 - This study examines the effect of import product diversification and renewable energy consumption on CO2 emissions across a panel of 35 developed and 93 developing economies. The empirical models utilize an environmental theoretical framework and yearly data for 1995–2014. The study makes use of common correlated effects—specifically mean group (CCE-MG) and augmented mean group (AMG) estimators. The overall results suggest that import product diversification has a substantial negative and positive impact on the carbon emissions of developed and developing economies, respectively. This study also finds that increasing renewable energy consumption helps to meet climate change targets by reducing carbon emissions. Thus, import product diversification and renewable energy could play an indispensable role in reducing carbon emissions in developed economies; while renewable energy is the only factor that assists developing economies meet their emission reduction targets at this stage.
AB - This study examines the effect of import product diversification and renewable energy consumption on CO2 emissions across a panel of 35 developed and 93 developing economies. The empirical models utilize an environmental theoretical framework and yearly data for 1995–2014. The study makes use of common correlated effects—specifically mean group (CCE-MG) and augmented mean group (AMG) estimators. The overall results suggest that import product diversification has a substantial negative and positive impact on the carbon emissions of developed and developing economies, respectively. This study also finds that increasing renewable energy consumption helps to meet climate change targets by reducing carbon emissions. Thus, import product diversification and renewable energy could play an indispensable role in reducing carbon emissions in developed economies; while renewable energy is the only factor that assists developing economies meet their emission reduction targets at this stage.
KW - Import product diversification
KW - Renewable energy
KW - Carbon emissions
KW - AMG estimator
UR - http://www.scopus.com/inward/record.url?scp=85078224059&partnerID=8YFLogxK
U2 - 10.1016/j.eap.2020.01.004
DO - 10.1016/j.eap.2020.01.004
M3 - Article
SN - 0313-5926
VL - 65
SP - 198
EP - 210
JO - Economic Analysis and Policy
JF - Economic Analysis and Policy
ER -
