Globalization-Emissions Nexus: Testing the EKC hypothesis in Next-11 Countries
Muhammad Shahbaz
MPRA Paper from University Library of Munich, Germany
Abstract:
This study investigates the association between globalization and carbon emissions for N-11 countries. In doing so, we apply bounds testing approach to examine cointegration between globalization and CO2 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)
JEL-codes: Q5 (search for similar items in EconPapers)
Date: 2019-05-01, Revised 2019-05-13
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
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Citations: View citations in EconPapers (2)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:93959
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