Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2022.2094441
A new framework to the green economy: asymmetric role of public-private partnership investment on environment in selected Asian economies
Bo Gao
Ilhan Ozturk
Sana Ullah
Sažetak
This study empirically examines the asymmetric relationship
between public-private partnerships investment in the energy
(PPPIE) sector and CO2 emissions for selected Asia economies
from 1990 to 2019. For estimation, we used the nonlinear autoregressive
distributed lag modelling (NARDL) econometric approach.
The findings reveal that a positive change in PPPIE hinders environmental
quality by increasing CO2 emissions in Indonesia and
Russia in long run. On the contrary, a positive change in PPPIE
has a negative influence on CO2 emissions in China and Turkey
in long run. The negative shock of PPPIE mitigates the CO2 emissions
in long-run in Russia, Indonesia, and Turkey. However, a
positive change in PPPIE improves environmental quality by
decreasing CO2 emissions in India, Indonesia, and Turkey in the
short run. Although a negative change in PPPIE has negative
effects on CO2 emissions in only Indonesia, while it has positive
effects in India, Russia, and Turkey in the short run. Therefore, the
government should encourage public-private partnerships investment
in the renewable energy sector in the selected Asian economies
by encouraging environmental quality.
Ključne riječi
Public-private partnership; CO2; NARDL
Hrčak ID:
304210
URI
Datum izdavanja:
31.3.2023.
Posjeta: 531 *