Fiscal policy and CO2 emissions from heterogeneous fuel sources in Thailand: Evidence from multiple structural breaks cointegration test

[Display omitted] •Nexus between fiscal policy, energy, and emissions from heterogeneous fossil fuel is examined.•Fiscal policy initiatives toward energy have long-run implications for environmental quality.•The results confirmed the energy-led growth hypothesis for the Thai economy.•Unidirectional...

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Published in:The Science of the total environment 2020-02, Vol.702, p.134711-134711, Article 134711
Main Authors: Ike, George N., Usman, Ojonugwa, Sarkodie, Samuel Asumadu
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Language:English
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CO2 emissions
EKC Hypothesis
Energy consumption
Fiscal policy
GDP
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description [Display omitted] •Nexus between fiscal policy, energy, and emissions from heterogeneous fossil fuel is examined.•Fiscal policy initiatives toward energy have long-run implications for environmental quality.•The results confirmed the energy-led growth hypothesis for the Thai economy.•Unidirectional causality from fiscal policy to CO2 emissions and energy consumption.•The environmental Kuznets curve hypothesis is valid in Thailand. This study investigated the dynamic linkage between fiscal policy, energy and CO2 emissions from heterogeneous fossil fuel sources in the context of the environmental Kuznets curve (EKC) framework for Thailand. With annual data from 1972 to 2014 while incorporating structural breaks, the study employed a Maki cointegration test and the dynamic ordinary least squares estimation approach. The results found that a 1% increase in fiscal policy brought about a 6.5% (p 
doi_str_mv 10.1016/j.scitotenv.2019.134711
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subjects CO2 emissions
EKC Hypothesis
Energy consumption
Fiscal policy
GDP
title Fiscal policy and CO2 emissions from heterogeneous fuel sources in Thailand: Evidence from multiple structural breaks cointegration test
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