Emissions-foreign trade nexus: establishing the need to harmonize environment and economics in RCEP

Article


Prakash, N. and Sethi, M. 2022. Emissions-foreign trade nexus: establishing the need to harmonize environment and economics in RCEP. Journal of Economic and Administrative Sciences. 40 (1), pp. 130-141. https://doi.org/10.1108/JEAS-04-2022-0093
AuthorsPrakash, N. and Sethi, M.
Abstract

Purpose
This article investigates the impact of foreign trade on carbon emissions of the member countries of the largest trade bloc, the Regional Comprehensive Economic Partnership (RCEP).

Design/methodology/approach
The aggregate bilateral trade with members of RCEP during the period 1991–2020 was considered for analysis. The study also examines the impact of foreign trade (between member countries) on economic development, represented by GDP per capita. Dumitrescu–Hurlin panel Granger causality test was conducted to understand the impact of foreign trade on GDP per capita and carbon emissions.

Findings
Results indicate that though foreign trade is heterogeneously Granger causing GDP per capita, it also aggravates carbon emissions in RCEP bloc.

Originality/value
The study is of significance to the policymakers in the member countries as it provides evidence to include climate impact in trade agreements. The wealthier RCEP member countries can support the green transition of low-income countries through transfer of eco-friendly technologies.

KeywordsForeign Trade; Trade Openness; RCEP; Carbon Emissions; Economic Growth
JournalJournal of Economic and Administrative Sciences
Journal citation40 (1), pp. 130-141
ISSN1026-4116
Year2022
PublisherEmerald Publishing
Accepted author manuscript
License
File Access Level
Anyone
Digital Object Identifier (DOI)https://doi.org/10.1108/JEAS-04-2022-0093
Publication dates
Online08 Sep 2022
Publication process dates
Deposited27 Feb 2024
Copyright holder© 2022, Emerald Publishing Limited
Copyright informationThis author accepted manuscript is deposited under a Creative Commons Attribution Non-commercial 4.0 International (CC BY-NC) licence. This means that anyone may distribute, adapt, and build upon the work for non-commercial purposes, subject to full attribution. If you wish to use this manuscript for commercial purposes, please contact permissions@emerald.com.
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