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Globalization and CO(2)emissions nexus: evidence from the EKC hypothesis in South Asian countries

机译:全球化和CO(2)排放Nexus:来自南亚国家EKC假设的证据

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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 CO(2)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 CO(2)emissions in Pakistan, Bangladesh, and Nepal. This indicates that globalization is increasing CO(2)emissions and CO(2)emissions impact globalization by economic growth. However, after some threshold level, globalization is responsible for decreasing CO(2)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 CO(2)emissions. This study suggests some strong policy recommendations to consider globalization as cost-effective tool to achieve sustainable economic growth in South Asian countries.
机译:在过去的几十年中,发展中国家继续增加其制造业的现象增长率。由于全球化的出现,这些发展中国家正在以环境污染成本获得经济增长。在这方面,在南亚国家的1972-2013期间,全球化和二氧化碳(二氧化碳)排放之间的联系程度在1972-2013中进行了调查。经济学和图形分析是在尼泊尔,阿富汗,孟加拉国和斯里兰卡和斯里兰卡的全球化和CO(2)排放之间的U形相关联,在巴基斯坦和不丹观察到倒U形关系。此外,结果表明,巴基斯坦,孟加拉国和尼泊尔全球化和CO(2)排放之间存在双向因果关系。这表明全球化正在增加CO(2)减排和CO(2)排放通过经济增长影响全球化。然而,经过一些阈值水平,全球化负责巴基斯坦和不丹的CO(2)排放。首次,全球化纳入经济分析,显示全球化和CO(2)排放之间的U形和倒的U形关联。本研究表明,一些强大的政策建议,将全球化视为实现南亚国家可持续经济增长的成本效益工具。

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