Economic Liberalization and Environmental Degradation in India: A Causal Analysis of Interventions

Avik Sinha and Joysankar Bhattacharya ()
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Joysankar Bhattacharya: Indian Institute of Management Indore

No 802086, Proceedings of International Academic Conferences from International Institute of Social and Economic Sciences

Abstract: Considering the context of India, economic liberalization plays a major role in industrialization and environmental degradation, at the same time. India?s fossil fuel based energy-led economic growth and consequential carbon emissions are largely influenced by economic liberalization. In this paper, we have considered the twenty years per and post liberalization (1971-2010) and by formulation of an error correction model, we have demonstrated by the established causal associations among economic growth, drivers of growth, and negative consequences of growth undergo changes. This demonstration is based on three constructs associated with economic liberalization, namely industrialization, energy efficiency, and rural-urban migration. Analysis of missing feedback link in Environmental Kuznets Curve hypothesis using contextual interventions is the primary contribution of this paper in ecological economics literature.

Keywords: Fossil Fuel; CO2 Emission; Economic Liberalization; Environmental Kuznets Curve; India; Vector error correction (search for similar items in EconPapers)
JEL-codes: Q53 Q56 Q59 (search for similar items in EconPapers)
Pages: 3 pages
Date: 2014-10
New Economics Papers: this item is included in nep-ene and nep-env
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Citations: View citations in EconPapers (5)

Published in Proceedings of the Proceedings of the 13th International Academic Conference, Antibes, Oct 2014, pages 532-534

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iacpro:0802086

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