Does globalization and financial sector development affect environmental quality? A panel data investigation for the Middle East and North African countries

Natural resource rents, globalisation and environmental degradation: New insight from 5 richest African economies

“…Overall, since the inverse effect from the GIDJ and DOP globalisation indicators outweigh the positive impact from the GIDF indicator, this study submits that globalisation is environmental degradation-reducing. The submission aligns with studies (Zaidi et al, 2019;Awan et al, 2020;Xue et al, 2021;and Usman et al, 2022) that have found globalisation to be environmentally enhancing.…”

“…For instance, some studies have aligned with the pollutant-inducing consequence of globalisation (Acheampong et al, 2019;Shahbaz et al, 2019;Le and Ozturk, 2020;Nathaniel et al, 2020d;Onifade et al, 2021b;Tawiah et al, 2021, etc.). In contrast, some other studies have aligned with the pollutant-reducing outcome of globalisation (Zaidi et al, 2019;Awan et al, 2020;Mehmood et al, 2020;Erdogan et al, 2021;Onifade et al, 2021a, etc.). On the other hand, there are also studies that have found no correlation between globalisation and environmental degradation (Haseeb et al, 2018;Salahudin et al, 2019;Yameogo et al, 2021).…”

The role of information and communication technology in encountering environmental degradation: Proposing an SDG framework for the BRICS countries

“…Financial development may attract foreign investment, which increases research and development activities that enhance the quality of the environment through advance and modern technology (Tamazian et al, 2009;Khan and Ozturk, 2020). On the other hand, financial development is helpful for industries to improve production activities that caused industrial pollution and deterioration of environmental quality (Jensen, 1996;Awan et al, 2020). In the previous few years, numerous empirical studies proved the positive influence of financial development on economic development via capital accumulation, technology innovation, expansion of investment resources (Anwar and Nguyen, 2011;Wurgler, 2000;Abu-Bader and Abu-Qarn, 2008;Shahbaz and Rahman, 2012).…”

Nexus between environmental, social and economic development in South Asia: evidence from econometric models

“…This study has conducted an empirical assessment to examine the relationship of various societal, economic and environmental factors with the economic growth in SAARC countries over the period of 1990–2017. The main findings of the study suggest that (1) income inequalities and regional inequalities must be reduced in order to achieve greater economic growth by providing employment opportunities or focussing on redistribution of wealth (2) there is a need to shift to renewable sources of energy ( Awan et al., 2020 ) that are clean, reliable and cost-effective to reduce the ecological footprints (3) in order to compete with the developed markets, it has become imperative to focus on economic prosperity and this can be achieved by increasing the imports of capital goods. Policies related to trade openness and pollution emissions must be reconsidered by the governments of the countries under study (4) a balance must be maintained between ecological footprint and biological capacity.…”