Analysis of Green Economic Growth and Environmental Degradation in Upper-Middle-Income ASEAN Countries

Fradya Randa, Mirza Ayunda Pratiwi

2023

Abstract

The objective of this research is to examine the connection between green economic growth and environmental degradation in upper-middle-income nations within the ASEAN region (specifically, Indonesia, Malaysia, and Thailand) throughout the years 2000 to 2020, using a simultaneous panel model. The key findings of this research can be categorized into two analytical models. First, cleaner energy has a positive effect on green economic growth, while technological innovation has a negative effect. The positive impact of trade openness and population on environmental degradation is evident. Green growth and environmental degradation do not affect each other in upper-middle ASEAN countries. A different finding in this research is that green growth and environmental degradation do not have any influence on each other in ASEAN upper middle-income countries. The problem is believed to stem from the policy direction and focus on technological innovation that has not been optimal for green economic development. The policy implication that can be implemented is increasing the use of renewable energy in developing a green economy.

Paper Citation

in Harvard Style

Randa F. and Ayunda Pratiwi M. (2023). Analysis of Green Economic Growth and Environmental Degradation in Upper-Middle-Income ASEAN Countries. In Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC; ISBN 978-989-758-704-7, SciTePress, pages 37-43. DOI: 10.5220/0012697100003798

in Bibtex Style

@conference{mebic23,
author={Fradya Randa and Mirza Ayunda Pratiwi},
title={Analysis of Green Economic Growth and Environmental Degradation in Upper-Middle-Income ASEAN Countries},
booktitle={Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC},
year={2023},
pages={37-43},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0012697100003798},
isbn={978-989-758-704-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 2nd Maritime, Economics and Business International Conference - Volume 1: MEBIC
TI - Analysis of Green Economic Growth and Environmental Degradation in Upper-Middle-Income ASEAN Countries
SN - 978-989-758-704-7
AU - Randa F.
AU - Ayunda Pratiwi M.
PY - 2023
SP - 37
EP - 43
DO - 10.5220/0012697100003798
PB - SciTePress