Asymmetric Impact of Globalization on Economic Growth in Pakistan by Using ARDI Model

khan, Muhammad Shaheer; Butt, Usman Ullah

doi:10.2139/ssrn.3860498

Cited by 2 publications

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“…This result is not surprising, since financial development is not expected to reduce environmental degradation in emerging economies such as Egypt, where the structural development of the financial sector is still in its early stages. Comparable results were obtained by (Oluwajana, et al , 2021) regarding South Africa, and by (Khan.& Butt, 2021) in Malaysia where a negative correlation was revealed between FD and CO2.…”

Section: ‫التجارية‬ ‫والدراسات‬ ‫للبحوث‬ ‫العلمية‬ ‫المجلة‬mentioning

confidence: 54%

“…The study results showed a positive relationship between FD and CO2 in both groups of countries; moreover it revealed a one-way causal correlation from FD to CO2. Another study (Khan,.& Butt, 2021) investigated the relationship between FD and CO2 in 184 countries during the period 1990 -2017, using the GMM method. A negative (Shen, et al,2021) regarding the period 1980 -2016 and using the ARDL model, found that financial development contributed to environment degradation in China.…”

Section: Financial Development and Carbon Dioxide Emissionsmentioning

confidence: 99%

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The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in Egypt: Financial Development and Globalization, do they have a role?

الطيب

2024

المجلة العلمية للبحوث والدراسات التجارية

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The realization of environmental sustainability and the mitigation of the impact of climate change has become a global objective. The present paper tackles the effect of energy consumption, economic growth, financial development and globalization on the scale, intensity, and damage effects of carbon dioxide emissions in Egypt during the period 1990 -2020. In addition, causality directions in the short run and the long run are investigated and the dynamic behavior of environmental sustainability is described.In order to achieve its objective, the present study relied on the co-integration analysis using the Autoregressive Distributed Lag (ARDL) technique, Sasabuchi-Lind-Mehlum test, and Granger causality test within the framework of the Vector Error Correction Model (VECM) and Toda-Yamamoto causality analysis; in addition to impulse response functions and the analysis of variance components.The results of the co-integration test revealed a long run correlation between carbon dioxide emissions and the

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Section: ‫التجارية‬ ‫والدراسات‬ ‫للبحوث‬ ‫العلمية‬ ‫المجلة‬mentioning

confidence: 54%

Section: Financial Development and Carbon Dioxide Emissionsmentioning

confidence: 99%

The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in Egypt: Financial Development and Globalization, do they have a role?

الطيب

2024

المجلة العلمية للبحوث والدراسات التجارية

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The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in the GCC Countries: Does Financial Development Matter?

Baydoun

Ağa

2021

Energies

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Achieving environmental sustainability whilst minimizing the climate change effect has become a global endeavor. Thus, this study examined the effect of energy consumption (EC), economic growth (GDP), globalization (GLO), financial development (FD) on CO2 emissions in the GCC countries. The research utilized a dataset stretching from 1995 to 2018. In a bid to investigate these associations, this study applied cross-sectional dependence (CSD), slope heterogeneity, Pesaran unit root, Westerlund cointegration, cross-sectionally augmented autoregressive distributed lag (CS-ARDL), and Dumitrescu and Hurlin (D–H) causality approaches. The outcomes of the CSD and slope heterogeneity tests indicated that using the first-generation techniques will produce misleading results. The panel unit root analysis unveiled that the series are I (1). Furthermore, the outcomes of the cointegration test revealed a long-run association between CO2 and the regressors, suggesting evidence of cointegration. The findings of the CS-ARDL showed that economic growth and energy consumption decrease environmental sustainability, while globalization improves it. The study also validated the environmental Kuznets curve (EKC) hypothesis for the GCC economies. In addition, the results of the D–H causality test demonstrated a feedback causality association between CO2 and GDP and between financial development and CO2. Moreover, there is a one-way causality from energy use and globalization to CO2 emissions in the GCC economies. According to the findings, environmental pollution in the GCC countries is output-driven, which means that it is determined by the amount of energy generated and consumed.

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Asymmetric Impact of Globalization on Economic Growth in Pakistan by Using ARDI Model

Cited by 2 publications

References 0 publications

The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in Egypt: Financial Development and Globalization, do they have a role?

The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in Egypt: Financial Development and Globalization, do they have a role?

The Effect of Energy Consumption and Economic Growth on Environmental Sustainability in the GCC Countries: Does Financial Development Matter?

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