Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

Mário Nuno Mata; Seun Damola Oladipupo; Rjoub Husam; Joaquim António Ferrão; Mehmet Altuntaş; Jéssica Nunes Martins; Dervis Kirikkaleli; Rui Miguel Dantas; António Morão Lourenço

LAPSE

Living Archive for Process Systems Engineering

LAPSE:2023.34064

Published Article

LAPSE:2023.34064

Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis

Mário Nuno Mata, Seun Damola Oladipupo, Rjoub Husam, Joaquim António Ferrão, Mehmet Altuntaş, Jéssica Nunes Martins, Dervis Kirikkaleli, Rui Miguel Dantas, António Morão Lourenço

April 24, 2023

This empirical study assesses the effect of CO2 emissions, urbanization, energy consumption, and agriculture on Thailand’s economic growth using a dataset between 1970 and 2018. The ARDL and the frequency domain causality (FDC) approaches were applied to assess these interconnections. The outcome of the bounds test suggested a long-term association among the variables of investigation. The ARDL outcomes reveal that urbanization, agriculture, energy consumption, and CO2 emissions positively trigger Thailand’s economic growth. Additionally, the frequency domain causality test was used to detect a causal connection between the series. The main benefit of this technique is that it can detect a causal connection between series at different frequencies. To the understanding of the authors, this is the first study in the case of Thailand that will apply the FDC approach to capture the causal linkage between GDP and the regressors. The outcomes of the causality test suggested that CO2 emissions, urbanization, energy consumption, and agriculture can predict Thailand’s economic growth in the long term. These outcomes have far-reaching implications for economic performance and Thailand’s macroeconomic indicators.

Record ID

LAPSE:2023.34064

Keywords

agriculture, CO2 emissions, economic growth, energy use, Thailand, urbanization

Subject

Food & Agricultural Processes

Suggested Citation

Mata MN, Oladipupo SD, Husam R, Ferrão JA, Altuntaş M, Martins JN, Kirikkaleli D, Dantas RM, Lourenço AM. Another Look into the Relationship between Economic Growth, Carbon Emissions, Agriculture and Urbanization in Thailand: A Frequency Domain Analysis. (2023). LAPSE:2023.34064

Author Affiliations

Mata MN: ISCAL-Instituto Superior de Contabilidade e Administração de Lisboa, Instituto Politécnico de Lisboa, Avenida Miguel Bombarda 20, 1069-035 Lisbon, Portugal [ORCID]
Oladipupo SD: Department of Earth Science, Faculty of Science, Olabisi Onabanjo University, Ago-Iwoye 110262, Ogun State, Nigeria [ORCID]
Husam R: Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, Haspolat 99040, Turkey [ORCID]
Ferrão JA: ISCAL-Instituto Superior de Contabilidade e Administração de Lisboa, Instituto Politécnico de Lisboa, Avenida Miguel Bombarda 20, 1069-035 Lisbon, Portugal [ORCID]
Altuntaş M: Department of Economics, Administrative and Social Sciences, Faculty of Economics, Nisantasi University, Istanbul 34398, Turkey
Martins JN: NOVA Information Management School (NOVA IMS), Universidade Nova de Lisboa, 1099-085 Lisbon, Portugal [ORCID]
Kirikkaleli D: Department of Banking and Finance, Faculty of Economics and Administrative Sciences, European University of Lefke, Northern Cyprus, TR-10, Mersin 99010, Turkey [ORCID]
Dantas RM: ISCAL-Instituto Superior de Contabilidade e Administração de Lisboa, Instituto Politécnico de Lisboa, Avenida Miguel Bombarda 20, 1069-035 Lisbon, Portugal [ORCID]
Lourenço AM: Polytechnic Institute of Santarém, School of Management and Technology (ESGTS-IPS), 2001-904 Santarém, Portugal [ORCID]

Journal Name

Energies

Volume

14

Issue

16

First Page

5132

Year

2021

Publication Date

2021-08-19