SIGNIFICANCE OF ECONOMIC ACTIVITIES IN ENVIRONMENTAL PROTECTION: EVIDENCE FROM A PANEL OF 4-ASEAN ECONOMIES

Environmental degradation is increasing gradually due to economic activities by the Association of Southeast Asian Nations (ASEAN). ASEAN energy center estimated 4.4 percent increase in consumption final among nations 2030 which greater than average growth rate 1.44%. The current study empirically analyzes impact on environmental protection across four largest economies (Indonesia, Thailand, Singapore and Malaysia) over a period 1998-2018. In order achieve this objective, employs several panel econometric tests; ADF, cross-sectional dependence, Johansen-Fisher cointegration, FMOLS country specific long run output method.” finds significant positive non-renewable (NRNC), GDP labor force CO2 emission. Renewable (RNC) has negative As RNC causes reducing emission sample economies, suggests policy makers inductee effective policies encourage generation renewable its uses economies. While should be discouraged as it promotes emission.Keywords: Economic Activities, Energy Consumption, GDP, ASEAN, FMOLS.JEL Classifications: R11, K32DOI: https://doi.org/10.32479/ijeep.10831