The Impact of Economic Growth, Foreign Direct Investment, Urbanization, Fossils Fuel Consumption on Environmental Degradation in Emerging Asian Economies

Muhammad Waqas Ashraf, Hafeez Rehman and Imran Chaudhry

Journal of Business and Social Review in Emerging Economies, 2020, vol. 6, issue 4, 1479-1495

Abstract: The current examination ascertains the impact of foreign direct investment, urbanization, economic growth, fossil fuel consumption &on carbon emissions in eleven rising Asian economies. Panel data has been scrutinized from 1990 to 2018, and (ARDL)/PMG model is executed. The outcomes of the model exemplify that in these growing Asian economies, the triumph to cuitivate economic growth, foreign direct investment, urbanization and fossil fuels are bestowing CO2 emissions and deteriorating the environmental circumstances at the regional level. Moreover, the conclusions emphasis that foreign direct investment is a source of environmental humiliation and increases carbon emissions at the regional level. Furthermore, outcomes of the investigate also confirmes the existence of (EKC) in these eleven emerging Asian economies. The study also suggest that by lessening the consumption of fossil fuel energy and encouragement of an environmental responsive economic growth policy will be suitable for the affluence in these emerging developing Asian economies and also the rest of world.

Keywords: Environmental Kuznut Curve (EKC); Carbon dioxide emissions; Fossil fuel; Urbanization; Environmental Degradation. (search for similar items in EconPapers)
Date: 2020
References: Add references at CitEc
Citations:

Downloads: (external link)
https://publishing.globalcsrc.org/ojs/index.php/jbsee/article/view/1480/1042 (application/pdf)

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:src:jbsree:v:6:y:2020:i:4:p:1479-1495

DOI: 10.26710/jbsee.v6i4.1480

Access Statistics for this article

More articles in Journal of Business and Social Review in Emerging Economies from CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan Contact information at EDIRC.
Bibliographic data for series maintained by Prof. Dr. Ghulam Shabir ().