The Impact of Globalization on Forest Growth: Evidence from Multinational Panel Data

Quan-Jing Wang, Yong Geng and Xi-Qiang Xia
Additional contact information
Quan-Jing Wang: School of Business, Zhengzhou University, 100 Kexue Road, Zhengzhou 450001, China
Yong Geng: School of Environment and Science Engineering, Shanghai Jiaotong University, 800 Dongchuan Road, Shanghai 200240, China
Xi-Qiang Xia: School of Business, Zhengzhou University, 100 Kexue Road, Zhengzhou 450001, China

IJERPH, 2021, vol. 18, issue 24, 1-19

Abstract: Even though some existing literature has studied the impact of globalization on forest growth, this research remains inconclusive; moreover, little clarification has emerged as to whether the influence of globalization on forest growth is consistent among different countries. To fill this research gap, we investigated the impact of globalization on forest growth and considered what factors could change the influence of the former upon the latter. To empirically investigate these essential issues, we utilized cross-country data covering 108 countries during the period 1991–2018 to conduct a system generalized method of moment (GMM) estimation. The baseline results confirm the positive impact of globalization on forest growth, which is also supported by several robustness tests, such as changing the measurements and setting new samples. Furthermore, an increase in globalization would bring about higher forest growth. Aside from this, two specific dimensions of globalization, namely economics and trade, can also protect forest growth. Additionally, a higher FDI strengthens the positive impact of globalization on forest growth, while aging, industrial share, and CO 2 emissions weaken it. Finally, the impact of globalization on forests is weaker in democracies, emerging markets, and countries with higher fiscal freedoms, while it is stronger in countries with higher political stability. Our study provides substantial policy implications for governments participating in international treaties related to forest growth. The structure of this paper is organized as follows.

Keywords: forest growth; globalization; moderating effect; different political regime; multinational research (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/1660-4601/18/24/12969/pdf (application/pdf)
https://www.mdpi.com/1660-4601/18/24/12969/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jijerp:v:18:y:2021:i:24:p:12969-:d:698082

Access Statistics for this article

IJERPH is currently edited by Ms. Jenna Liu

More articles in IJERPH from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().