Examining Environmental Sustainability in Italy: Evidence from ARDL and Non-linear ARDL Approaches

Aamir Javed () and Agnese Rapposelli
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Aamir Javed: University of Chieti-Pescara
Agnese Rapposelli: University of Chieti-Pescara

A chapter in Sustainable Digital Transformation, 2023, pp 75-93 from Springer

Abstract: Abstract One of the reasons behind environmental degradation and climate change is greenhouse gases that are mainly consisted of carbon dioxide (CO2) emissions. Besides, CO2 emissions negatively affect human health. Consequently, national institutions should understand which factors are affecting carbon emissions in order to achieve sustainable (environmental, social and economic) development. The main objective of this paper is to examine the symmetric and asymmetric effects of oil price, foreign direct investments and economic growth on carbon emissions in Italy. To this purpose, the long and short-run impact of these variables on carbon emissions have been investigated by applying the autoregressive distributed lag (ARDL) and non-linear ARDL methodologies to Italian data for the period 1970–2019. The symmetric results show that economic growth and foreign direct investments intensify carbon emissions both in the long and short-run, while the impact of oil price on emissions is negative in the long-run and positive in the short-run, suggesting that oil price is responsible for environmental degradation only in the short run. The asymmetric results reveal that both in the long and short-run an increase in the oil price imply reductions in carbon emission.

Keywords: Sustainable development; Carbon dioxide emissions; ARDL model; Non-linear ARDL model (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1007/978-3-031-15770-7_6

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