Pollution haven hypothesis and the environmental Kuznets curve of Bangladesh: an empirical investigation

Firoj, Mahamuda; Sultana, Nair; Khanom, Sharmina; Rashid, Md. Harun Ur; Sultana, Abeda

doi:10.1007/s41685-022-00258-3

Cited by 15 publications

(9 citation statements)

References 76 publications

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“…The outcomes indicated that trade would increase CO2 emissions in Bangladesh. The result of the positive relationship between trade and CO2 emissions in Bangladesh is supported by Firoj et al (2022) and Islam et al (2023). In addition, the ECM value indicates the rate of adjustment from short-term to long-term equilibrium.…”

Section: Results Of Ardl Long and Short-run Estimationmentioning

confidence: 93%

“…Also, it has been established that international trade is a contributor to environmental deterioration. Trade openness was found to have a positive effect on CO2 emissions in Bangladesh (Firoj et al, 2022). Basri and Kongcharoen (2021) showed that energy consumption, financial development, and urbanization upturn CO2 emissions, while trade openness lowers CO2 emissions in Bangladesh.…”

Section: Trade and Co2 Emissionmentioning

confidence: 99%

“…Foreign direct investment (FDI) can help the economy flourish, but it also has the potential to worsen environmental conditions by increasing industrial pollutants. Firoj et al (2022) used the ARDL technique to look into whether or not the PHH was genuine in Bangladesh, and whether or not the EKC hypothesis existed there. The results of the ARDL cannot support the EKC and PHH in Bangladesh since they found long-run cointegration between the variables.…”

Section: Foreign Direct Investment and Co2 Emissionmentioning

confidence: 99%

“…On the other hand, some research has shown that FDI can help improve environmental quality by serving as a means by which advanced technologies can be transferred to developing countries (Arif et al, 2022). The connection is still up for empirical discussion; studies conducted in Bangladesh have both supported and refuted the PHH (Firoj et al, 2022). As the empirical results showed contradictory results, it made the FDI's actual effect confusing with dilemma.…”

Section: Introductionmentioning

confidence: 99%

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Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

Raihan

2023

JESCAE

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Bangladesh receives the second-most foreign direct investment in South Asia. Over the past 30 years, Bangladesh's economy has expanded tremendously because of increased investment from several foreign countries. Although it can be beneficial in certain ways including the generation of new jobs, the improvement of infrastructure, and the equalization of economic rewards across the population; foreign direct investment has unintended consequences, such as ecological damage. In light of this, it is worth exploring the effects of foreign direct investment on sustainable development in Bangladesh. Using the most up-to-date annual data between 1990 and 2019, this study investigated the evidence of the Environmental Kuznets Curve and the Pollution Haven Hypothesis in Bangladesh. To assess the effects of economic growth, foreign direct investment, energy use, and trade on carbon dioxide emissions, this research employed the autoregressive distributed lag method. The empirical results indicated that the country has an inverted U-shaped Environmental Kuznets Curve and the adverse impact of foreign direct investment on the environment confirmed the validity of the Pollution Haven Hypothesis in Bangladesh. The results paint a bleak picture, sounding an alarm for policymakers to pay closer attention to the ways in which development leads to increased carbon emissions and how multinational companies operating within the country worsen the situation. That's why it's important to subject foreign investors to stringent environmental regulations. In addition, the nation's economic expansion should be guided by sustainable development goals.

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Section: Results Of Ardl Long and Short-run Estimationmentioning

confidence: 93%

Section: Trade and Co2 Emissionmentioning

confidence: 99%

Section: Foreign Direct Investment and Co2 Emissionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

Raihan

2023

JESCAE

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“…Recently, this issue has become a major concern for human societies. The theory has been tested in a number of research using data from various nations and locations, and the findings are encouraging (Aboagye, 2017; Firoj et al, 2023; Gill et al, 2019; Jahanger et al, 2022; Khan et al, 2021; Kwakwa & Alhassan, 2018; Yasin et al, 2020). The effect of financial growth on CO2 emissions has received recent attention.…”

Section: Literature Reviewmentioning

confidence: 98%

Does credit growth mitigate emission intensity in ASEAN countries?

Masud,

Noman,

Akhtar

et al. 2023

J of Intl Development

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In empirical studies, the disparity between financial development and environmental quality has prompted us to examine the impact of credit growth on environmental quality in ASEAN countries. These countries have experienced phenomenal credit growth over the past three decades due to their adoption of financial liberalisation, integration and innovation. In this study, we investigated the role of credit growth on environmental quality while controlling for several macroeconomic variables, including regulatory quality, natural resources, foreign direct investment, globalisation and per capita gross domestic product growth. Using static models (ordinary least square [OLS], random effect model, Panel Corrected Standard Error and partial spatial cross correlation) and dynamic models (dynamic OLS, dynamic random effect and two‐step system generalised methods of moments (GMM) on data spanning from 1984 to 2019, we observed a nonlinear association between credit growth and environmental quality. The findings suggest that credit growth may simultaneously have favourable and detrimental effects on environmental quality. High credit growth can lead to increased emissions and environmental degradation through the promotion of fossil fuel‐driven energy consumption, production and distribution of economic resources. However, if the government promotes regulatory quality and encourages lenders to invest more in green technologies and renewable and sustainable energy sources, credit growth may contribute to improved environmental quality. These results carry important policy implications.

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The environmental Kuznets curve hypothesis: an ML approach to assessing economic growth and environmental sustainability using artificial neural network

Sun,

Jiang

2024

Soft Comput

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Pollution haven hypothesis and the environmental Kuznets curve of Bangladesh: an empirical investigation

Cited by 15 publications

References 76 publications

Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

Does credit growth mitigate emission intensity in ASEAN countries?

The environmental Kuznets curve hypothesis: an ML approach to assessing economic growth and environmental sustainability using artificial neural network

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