Globalization–Emissions Nexus: Testing the EKC Hypothesis in Next-11 Countries

Muhammad Shahbaz

Global Business Review, 2022, vol. 23, issue 1, 75-100

Abstract: This study investigates the association between globalization and carbon emissions for Next-11 (N-11) countries. In doing so, we apply bounds testing approach to examine cointegration between globalization and carbon dioxide (CO 2 ) emissions. The results confirm the U-shaped association between globalization and carbon emissions for Bangladesh, Iran and South Korea. Contrarily, traditional approach validates an inverted U relationship between globalization and carbon emissions for Pakistan and South Korea, but U-shaped relationship exists for the Philippines and Vietnam. The presence or absence of an inverted U relationship between globalization and carbon emissions has important policy implications using globalization as an economic tool for sustainable economic development.

Keywords: Globalization; emissions; EKC; N-11 (search for similar items in EconPapers)
Date: 2022
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:23:y:2022:i:1:p:75-100

DOI: 10.1177/0972150919858490

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