Do BRI policy and institutional quality influence economic growth and environmental quality? An empirical analysis from South Asian countries affiliated with the Belt and Road Initiative

Ashraf, Junaid; Luo, Lingling; Anser, Muhammad Khalid

doi:10.1007/s11356-021-16330-y

Cited by 41 publications

(33 citation statements)

References 73 publications

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“…For instance, Lau et al ( 2014 ) investigated the influence of political institutions on the growth and emissions relationship in Malaysia from . The findings of the bounds test indicated that neutral and efficient domestic political institutions are critical for mitigating carbon emissions throughout economic growth, Bhattacharya et al ( 2017 ) and Ashraf et al ( 2022a ) also confirm this view. On the moderating impact of institutions emerging via and channels, the proponents of the pollution heaven theory claim that free trade and allow developed economies to shift their polluting industrial activity to developing nations where labour is cheaper and natural resources are more abundant (Solarin et al 2017 ).…”

Section: Literature Reviewmentioning

confidence: 81%

“…For example, poor political institutions enable governments to overlook environmental externalities, resulting in poorer environmental quality and slower development (López and Mitra, 2000 ). On the contrary, improved political institutions are associated with less ecological deterioration and foster economic development (Ashraf et al 2022a ; Bhattacharya et al 2017 ). Kearsley and Riddel ( 2010 ) argue that emerging nations’ lax rules would entice heavy industries, whereas established economies’ strong regulations will keep light industries and service sectors afloat.…”

Section: Theoretical Framework and Model Constructionmentioning

confidence: 99%

“…Recent research has begun to show if has beneficial benefits. Ashraf et al ( 2022a , b ) predict that since 2013, policies in linked nations have encouraged more substantial economic development. The main goal of the strategy is to boost trade and investment on a bilateral and multilateral level (Buckley, 2020 ; Du and Zhang, 2018 ), thus boosting economic growth.…”

Section: Theoretical Framework and Model Constructionmentioning

confidence: 99%

“…Weak political institutions have a long-term influence on the economic progress of a nation (Kar et al 2019 ). Ashraf et al ( 2022a ) argue that political institutions are critical to promoting economic development while simultaneously lowering the environmental pollution. So, the integrity of political institutions is crucial for reducing environmental damage and attaining long-term economic development objectives.…”

Section: Introductionmentioning

confidence: 99%

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Does political risk undermine environment and economic development in Pakistan? Empirical evidence from China–Pakistan economic corridor

Ashraf

2022

Econ Change Restruct

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China–Pakistan Economic Corridor (CPEC) invests billion in Pakistan’s energy, infrastructure, and other development projects to step toward Eurasia’s economic integration. However, CPEC may exacerbate climate change vulnerabilities for Pakistan’s struggling economy due to potential environmental hazards and consequences. In this context, the current study seeks to examine the impact of political risk on carbon emissions and economic growth in Pakistan while also considering the relevance of trade openness, Chinese outward Foreign Direct Investment , and One Belt One Road policy. To investigate this impact, we use the autoregressive distributed lag technique to cointegration and the fully modified ordinary least squares estimator for robustness results, using data spanning . Our empirical findings reveal that trade openness, FDI, and OBOR policy contribute to pollution and economic growth, but political stability slows the rate of environmental deterioration and increases economic growth. Furthermore, the existence of robust political stability mitigates the negative impacts of FDI and trade openness on the environment, while strong political stability aids the positive effects of FDI and trade openness on economic growth. Also, the findings confirmed that a better political environment promotes economic development while simultaneously lowering carbon emissions. Our results may assist the Government of Pakistan in transforming into a model green initiative in the region.

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Section: Literature Reviewmentioning

confidence: 81%

Section: Theoretical Framework and Model Constructionmentioning

confidence: 99%

Section: Theoretical Framework and Model Constructionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Does political risk undermine environment and economic development in Pakistan? Empirical evidence from China–Pakistan economic corridor

Ashraf

2022

Econ Change Restruct

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“…In this context, the issue of carbon emissions has received widespread attention from various countries. Trade can promote economic growth and generate embodied carbon emissions [ 8 , 9 , 10 , 11 , 12 , 13 ]. This paper aims to address the issue of the cooperation between China and BRI countries to tackle climate change, from the perspective of trade-related economic and carbon emission spillover effects.…”

Section: Introductionmentioning

confidence: 99%

How Can China and the Belt and Road Initiative Countries Work Together Responding to Climate Change: A Perspective on Carbon Emissions and Economic Spillover Effects

Yan-mei

Bai

2022

IJERPH

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China attaches great importance to international cooperation on climate change, especially working with the Belt and Road Initiative relevant partners. From a perspective on carbon emissions and economic spillover effects, this study explores how China and the Belt and Road Initiative countries can work together to cope with climate change. It applies a three-region spillover effects model, based on the multi-regional input-output table and satellite extensions data of the Eora database, to examine mutual carbon emissions and economic spillover effects between China and the Belt and Road Initiative countries. The results show that: (1) Mutual carbon emissions spillover effects exist between China and the BRI countries, which is an important premise for them to cooperate responding to climate change. (2) There are great differences in carbon emission spillover effects among different sectors. Thus, optimizing the trade structure can bring benefits to carbon reduction for both sides. (3) The sectoral order of carbon emissions spillover effects, and economic spillover effects, is not consistent. In order to achieve an economic and environmental win-win, it is necessary to increase bilateral trade in those sectors with large economic spillover effects, and reduce other sectors with large carbon emissions spillover effects.

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Do political risk and globalization undermine environmental quality? Empirical evidence from Belt and Road Initiative (BRI) countries

Ashraf

2022

Manage Decis Econ

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The notion of globalization and modernization encourages bilateral cooperation and strategic connections between states. In 2013, China launched the Belt and Road Initiative under the “Going global strategy.” The present study's primary goal is to investigate the relationship between political risk, globalization, and ecological footprints for 75 Belt and Road Initiative countries from 1984 to 2019. It also investigates the moderating effect of the Belt and Road Initiative on ecological footprint. Moreover, the outcomes from the Generalized Method of Moments revealed that globalization increases environmental deterioration while a better political environment enhances environmental quality by minimizing their ecological footprint.

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Do BRI policy and institutional quality influence economic growth and environmental quality? An empirical analysis from South Asian countries affiliated with the Belt and Road Initiative

Cited by 41 publications

References 73 publications

Does political risk undermine environment and economic development in Pakistan? Empirical evidence from China–Pakistan economic corridor

Does political risk undermine environment and economic development in Pakistan? Empirical evidence from China–Pakistan economic corridor

How Can China and the Belt and Road Initiative Countries Work Together Responding to Climate Change: A Perspective on Carbon Emissions and Economic Spillover Effects

Do political risk and globalization undermine environmental quality? Empirical evidence from Belt and Road Initiative (BRI) countries

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