The Nexus between Energy Consumption, Biodiversity, and Economic Growth in Lancang-Mekong Cooperation (LMC): Evidence from Cointegration and Granger Causality Tests

澜沧江-湄公河合作区(LMC)能源消耗、生物多样性与经济增长之间的关系:来自协整检验和格兰杰因果关系检验的证据

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Abstract

This work is proposed to examine the relationships between energy consumption, biodiversity, and economic growth for China and five countries in the Indochina Peninsula, which are Cambodia, Laos, Myanmar, Thailand, and Vietnam, who also belong to Lancang-Mekong Cooperation, for the time span from 1991 to 2014. For this purpose, this work adopted autoregressive distributed lag (ARDL) through a dynamic simulation process. The estimation outcomes indicate that the nexus of the economic growth and energy consumption are diversified in fossil energy consumption and renewable consumption, respectively. The results are consistent with the fact that renewable energy is an alternative to fossil fuels, and traditional energy is still in the dominant position. This work is expected to serve as a first-hand examination on Lancang-Mekong Cooperation by adding innovative perspectives into existing research. Meanwhile, policy implications will also be discussed in this work.

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