The trade-off between economic growth and environmental quality: does economic freedom asymmetric matter for Pakistan?

Majeed, Muhammad Tariq; Yu, Zhiyuan; Maqbool, Adnan; Genie, Mesfin G; Ullah, Sana; Ahmad, Waheed

doi:10.1007/s11356-021-13709-9

Cited by 22 publications

(7 citation statements)

References 40 publications

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“…The second component of the normative pillar bothering on business freedom index (busfree) which explains the efficiency of government regulation on business is expected to promote economic growth. This is premised on the ground that the extent of government efficiency in implementing policies that enhance business proficiency leads to improvement in the general level of production (Majeed et al, 2021). In essence, we anticipate positive impact of business freedom on economic growth is represented thus,

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.…”

Section: Methodsmentioning

confidence: 99%

Impact of entrepreneurial governance and ease of doing business on economic growth: Evidence from ECOWAS economies (2000–2019)

Raimi,

Haini

2023

Journal of Public Affairs

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We reignited the debate that developing countries still struggle to make the most of entrepreneurship due to institutional imbalances. The aim of this study is to empirically examine impact of entrepreneurial governance and ease of doing business on economic growth in a panel of 15 ECOWAS countries. The empirical evidence is based on secondary data from 2000 to 2019 estimated using the Pooled OLS Regression OLS estimator. Using institutional theory, we examined the chain of causality from institutions to entrepreneurship and from entrepreneurship to economic growth. Four findings emerged. Firstly, the regulatory pillar, represented by the indicators of ease of doing business (incorporation procedure, time required to set up a business, and cost of the business), is negatively and significantly related to economic growth. But the indicators of cost of doing business and start‐up costs are more detrimental to business and economic growth. Secondly, the normative pillar represented by entrepreneurial governance indicators (government integrity and business freedom) is positively and significantly associated with growth. But the impact of government integrity on economic growth is greater than that of business freedom. Third, the interaction between regulatory and normative pillars is negative and significant. Finally, the cognitive pillar shows mixed results. For example, indicators of investment, trade openness, education, and financial development have positive and significant effects on economic growth, while government size, inflation, and population have negative and significant effects on economic growth. We discuss policy implications for stakeholders in ECOWAS economies.

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\frac{italicgdppc}{italicbusfree} > 0

.…”

Section: Methodsmentioning

confidence: 99%

Impact of entrepreneurial governance and ease of doing business on economic growth: Evidence from ECOWAS economies (2000–2019)

Raimi,

Haini

2023

Journal of Public Affairs

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“…Indeed, developing countries usually face a heightened level of economic uncertainty, which restricts their local and foreign investors from investing in environmentally friendly technologies. 18 This consequently establishes a direct connection between economic instability and pollution emissions for the selected countries. These results complement the findings of some earlier empirical literature on the energy-environment nexus (see.…”

Section: Resultsmentioning

confidence: 78%

“…17 takes the case of the Pakistan economy during 1971-2016 and utilizes the ARDL methodology to support the direct influence of macroeconomic instability on pollution emissions of the sample economy (see also. 18,19 complement this positive inflation instability and pollution emissions relationship for selected Asian economies. This paper aims to test this relationship for 34 developing countries using an annual dataset from 1985 to 2019.…”

Section: Introductionmentioning

confidence: 78%

Economic instability and pollution emissions in developing countries: A panel data investigation

Khan

Rana

Ghardallou

2022

Energy & Environment

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Developing economies are characterized by unstable and volatile growth performance. Some recent studies argue that this can potentially undermine their environmental quality. This study tests the impact of macroeconomic instability on pollution emissions for a large panel of developing countries. Thus, we extend the standard environmental Kuznets curve (EKC) framework and include the indicator of economic instability in addition to the other variables, including income, income squared, financial development, FDI, and trade openness. For this purpose, we use the annual dataset of 34 developing countries over the period 1985–2019. The empirical analysis comprises both short-run and long-run relationships among the selected variables, using panel cointegration and the Panel Vector Error Correction Model (P-VECM). The estimated results confirm our hypothesized pollution-enhancing effects of economic instability on the sample economies. Furthermore, we confirm the validity of the EKC hypothesis in the sample economies. These findings suggest that developing economies should ensure economic stability to control their CO2 emissions.

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“…Similarly, many researchers have also established that air pollution negatively affects human health (Arafat et al, 2022;Majid et al, 2012). Some of the studies have also established the economic growth-environmental degradation-health channel by stating that economic growth increases environmental degradation that is negatively contributing to public health in Pakistan (Haseeb et al, 2019;Yazdi and Khanalizadeh, 2017;Majeed et al, 2021;Mujtaba and Shahzad, 2021).…”

Section: Introductionmentioning

confidence: 99%

Exploring Dynamic Nexus between Economic Growth, Environmental Degradation, and Public Health in Pakistan: A Moderated Mediation Approach

Firdous

Chatrath

Jadoon

et al. 2023

IJEEP

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Since the start of this century, much attention has been given to economic growth and environmental changes and their effects on human beings. The present study has developed a comprehensive model to discuss the nexus between economic growth, environmental degradation, and public health. Furthermore, renewable energy consumption and public health spending are used as moderators to make the model more inclusive. The time series data from 1972 to 2020 has been used, and a regression path modeling tool SPPS-PROCESS Model 29, has been applied to carry out the results. The results showed a positive and significant effect of economic growth on environmental degradation, while renewable energy consumption reduces environmental degradation. Furthermore, environmental degradation is negatively affecting the health status in Pakistan. The results of the total effects showed that economic growth positively contributes to public health with a low coefficient. The indirect conditional impact of economic growth on human health through the mediating role of environmental degradation becomes positive from negative in the long run due to renewable energy and public spending on health. Based on the result, some policies are suggested in the last section of this study.

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The trade-off between economic growth and environmental quality: does economic freedom asymmetric matter for Pakistan?

Cited by 22 publications

References 40 publications

Impact of entrepreneurial governance and ease of doing business on economic growth: Evidence from ECOWAS economies (2000–2019)

Impact of entrepreneurial governance and ease of doing business on economic growth: Evidence from ECOWAS economies (2000–2019)

Economic instability and pollution emissions in developing countries: A panel data investigation

Exploring Dynamic Nexus between Economic Growth, Environmental Degradation, and Public Health in Pakistan: A Moderated Mediation Approach

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