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Unveiling the Carbon Footprint: Investigating the Influence of Socio-Economic Factors on Carbon Emissions through FMOLS Analysis

In: Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24)

Author

Listed:
  • Amin Pujiati

    (Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business)

  • Fafurida

    (Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business)

  • Amelia Choya Tia Rosalia

    (Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business)

  • Muhammad Aulia Rahman

    (Universitas Negeri Semarang, Economics Development, Faculty of Economics and Business)

  • Nadia Damayanti

    (Universitas Diponegoro, Economics Development, Faculty of Economics and Business)

Abstract

This study investigates the relationship between carbon emissions and several socio-economic factors in E7 countries, employing the Fully Modified Ordinary Least Squares (FMOLS) method. The examined factors include population, renewable energy consumption, net trade, and greenhouse gases. We employ the FMOLS technique to estimate the long-term relationship between carbon emissions and these variables. The results reveal significant findings. Specifically, renewable energy consumption exhibits substantial impacts on carbon emissions. Additionally, population, net trade, and greenhouse gases also demonstrate significant associations with carbon emissions. These findings provide valuable insights into the dynamics of carbon emissions in E7 countries, suggesting policy implications for sustainable development and environmental conservation efforts.

Suggested Citation

  • Amin Pujiati & Fafurida & Amelia Choya Tia Rosalia & Muhammad Aulia Rahman & Nadia Damayanti, 2024. "Unveiling the Carbon Footprint: Investigating the Influence of Socio-Economic Factors on Carbon Emissions through FMOLS Analysis," Advances in Economics, Business and Management Research, in: Kris Brantas Abiprayu & Avi Budi Setiawan (ed.), Proceedings of the International conference of Economics Business and Economics Education Science (ICE-BEES-24), pages 75-96, Springer.
  • Handle: RePEc:spr:advbcp:978-94-6463-522-5_7
    DOI: 10.2991/978-94-6463-522-5_7
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    Keywords

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    JEL classification:

    • E7 - Macroeconomics and Monetary Economics - - Macro-Based Behavioral Economics

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