Globalization and Sustainable Development: Empirical Evidence from CIS Countries

Oruj Gasimli, Ihtisham ul Haq (), Shahid Munir, Muhammad Hasnain Khalid, Sisira Kumara Naradda Gamage (), Alam Khan and Muhammad Ishtiaq
Additional contact information
Oruj Gasimli: Department of Economics and Management, Azerbaijan University, 71 Jeyhun Hajibeyli St. Nasimi District, Baku AZ 1007, Azerbaijan
Ihtisham ul Haq: Department of Economics, Kohat University of Science and Technology, Kohat 26000, Pakistan
Shahid Munir: Department of Economics, Kohat University of Science and Technology, Kohat 26000, Pakistan
Muhammad Hasnain Khalid: Department of Economics, University of Haripur, Haripur 22620, Pakistan
Sisira Kumara Naradda Gamage: Department of Economics, Faculty of Social Sciences and Humanities, Rajarata University of Sri Lanka, Mihintale 50300, Sri Lanka
Alam Khan: Department of Economics, Kohat University of Science and Technology, Kohat 26000, Pakistan
Muhammad Ishtiaq: School of Economics and Management, Beijing University of Technology, Beijing 100124, China

Sustainability, 2022, vol. 14, issue 22, 1-15

Abstract: Sustainable development is the ultimate objective of the nations around the world, and the adoption of development strategies is the driving force for obtaining long-run economic growth, environmental protection and social inclusion. On other hand, globalization integrates the countries around the globe economically, politically and socially. Thus, it is vital to conduct a study on the impact of globalization on sustainable development in Commonwealth of Independent States (CIS) countries, as most of the countries are in a transition state from socialism to capitalism and are opening their doors to the world. Globalization comprises three main components, which are economic, political and social. Henceforth, this study investigates the effect of economic globalization, political globalization and social globalization on sustainable development. Energy has been highlighted in the literature and received attention from researchers as a factor of income and environmental quality; thus, it is added as a control variable in this study. The long-run relationships among variables are established through panel cointegration once the order of integration is determined. This study finds a positive and significant effect of economic globalization and political globalization on sustainable development, whereas energy consumption is deteriorating in CIS countries. Policy implications are recommended.

Keywords: globalization; sustainable development; energy (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.mdpi.com/2071-1050/14/22/14684/pdf (application/pdf)
https://www.mdpi.com/2071-1050/14/22/14684/ (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:jsusta:v:14:y:2022:i:22:p:14684-:d:966300

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

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