We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Globalization and CO<sub>2</sub> emissions nexus: evidence from the EKC hypothesis in South Asian countries.
- Authors
Mehmood, Usman; Tariq, Salman
- Abstract
In the last few decades, developing countries continued to increase their manufacturing industries' phenomenal growth rate. Due to the emergence of globalization, these developing countries are getting economic growth at the cost of environmental pollution. In this context, the extent of linkages between globalization and carbon dioxide (CO2) emissions has been investigated over the time period of 1972–2013 in South Asian countries. The econometric and graphical analyses are found U-shape association between globalization and CO2 emissions in Nepal, Afghanistan, Bangladesh, and Sri Lanka, and an inverted U-shape relationship is observed in Pakistan and Bhutan. Moreover, results have shown that there exists a bi-directional causality between globalization and CO2 emissions in Pakistan, Bangladesh, and Nepal. This indicates that globalization is increasing CO2 emissions and CO2 emissions impact globalization by economic growth. However, after some threshold level, globalization is responsible for decreasing CO2 emissions in Pakistan and Bhutan. For the first time, globalization is incorporated in the economic analysis, showing the U-shape and inverted U-shape associations between globalization and CO2 emissions. This study suggests some strong policy recommendations to consider globalization as cost-effective tool to achieve sustainable economic growth in South Asian countries.
- Subjects
PAKISTAN; BHUTAN; BANGLADESH; ECONOMIC expansion; GLOBALIZATION; ECONOMIC globalization; POLLUTION; CARBON dioxide
- Publication
Environmental Science & Pollution Research, 2020, Vol 27, Issue 29, p37044
- ISSN
0944-1344
- Publication type
Article
- DOI
10.1007/s11356-020-09774-1