Does Climate Change Impacts Output? An Empirical Evidence from Asia Pacific Countries.

Authors

Chinmaya Behera Dr., Goa Institute of ManagementFollow
Ranjan Kumar Mohanty Dr., Xavier Institute of Management. XIM UniversityFollow
Biswashree Tanaya Priyadarsini Ms., BITS Pilani, K K Birla Goa CampusFollow
Debasis Patnaik, BITS Pilani, K K Birla Goa Campus.Follow

Document Type

Call for Paper

Abstract

The study examines the nexus between output, Gross Domestic Product (GDP), renewable energy, trade openness, carbon emission, and foreign direct investment in Asia Pacific countries Using the autoregressive distributed lag model and yearly data from 1990 to 2021, we find (a) a long-run relationship among the variables under consideration, (b) that GDP positively impacts output in most countries, (c) that CO2 and renewable energy display varied effects, and (d) in the short run, GDP and trade openness generally exert a positive influence, but GDP demonstrates a mix of positive and negative impacts. Policymakers need to provide stable policies for environmental variables for sustainable growth.

Recommended Citation

Behera, Chinmaya Dr.; Mohanty, Ranjan Kumar Dr.; Priyadarsini, Biswashree Tanaya Ms.; and Patnaik, Debasis (2025) "Does Climate Change Impacts Output? An Empirical Evidence from Asia Pacific Countries.," Bulletin of Monetary Economics and Banking: Vol. 28: No. 0, Article 8.
DOI: https://doi.org/10.59091/2460-9196.2372
Available at: https://bulletin.bmeb-bi.org/bmeb/vol28/iss0/8

First Page

123

Last Page

136

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License

Country

India

Affiliation

Goa Institute of Management