Investigating the foreign trade-emission nexus in RCEP

Article


Prakash, N. and Sethi, M. 2022. Investigating the foreign trade-emission nexus in RCEP. International Journal of Green Economics. 16 (3), pp. 219-234. https://doi.org/10.1504/IJGE.2022.128932
AuthorsPrakash, N. and Sethi, M.
Abstract

Foreign trade is usually considered a culprit for rising emissions. In this article, the authors attempt to understand whether the creation of the regional comprehensive economic partnership (RCEP) will lead to more emissions from the region. To meet this objective, the study analyses the relationship between foreign trade and carbon emissions of the 15 RCEP constituents, using macroeconomic data for the period 1991-2016. The long-term causal relationship between foreign trade and emissions was tested using the ARDL bounds test. The results indicate a long-run causal relationship between the two variables. A fully modified OLS regression model confirms that the three variables considered – foreign trade, economic growth, and energy consumption – have a significant, positive impact on emissions on RCEP member countries. The analysis of individual countries also confirms the cointegration between foreign trade and carbon emissions. ECMs further show the correction happens from foreign trade to carbon emissions.

Keywordstrade agreement; RCEP; emissions; foreign trade
JournalInternational Journal of Green Economics
Journal citation16 (3), pp. 219-234
ISSN1744-9928
Year2022
PublisherInderscience
Accepted author manuscript
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File Access Level
Anyone
Digital Object Identifier (DOI)https://doi.org/10.1504/IJGE.2022.128932
Publication dates
Online10 Feb 2023
Publication process dates
Deposited27 Feb 2024
Copyright holder© 2023, Inderscience Enterprises Ltd.
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