Does Globalization Impede Environmental Quality in India?

Shahbaz, Muhammad and Mallick, Hrushikesh and Mahalik, Mantu Kumar and Loganathan, Nanthakumar (2015) Does Globalization Impede Environmental Quality in India? ECOLOGICAL INDICATORS, 52. pp. 379-393. ISSN 1470-160X (Printed) 1872-7034 (Online)

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Using annual data for the period 1970–2012, the study explores the relationship between globalizationand CO2emissions by incorporating energy consumption, financial development and economic growthin CO2emission function for India. It applies Lee and Strazicich (2013) unit root test for examining thestationary properties of variables in presence of structural breaks and employs the cointegration methodproposed by Bayer and Hanck (2013) to test the long-run relationships in the model. The robustness s ofcointegration result from the latter model was further verified with the application of the ARDL boundstesting approach to cointegration proposed by Pesaran et al. (2001). After confirming the existence ofconitegration, the overall long run estimates of the estimation of carbon emission model points outthat acceleration in the process of globalization (measured in its three dimensions – economic, socialand political globalizations) and energy consumption result in increasing CO2emissions, along withthe contribution of economic development and financial development toward the deterioration of theenvironmental quality by raising CO2emissions over the long-run. This finding validates the holding ofenvironmental Kuznets curve (EKC) hypothesis for the Indian context.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Faculty / Institute: Faculty of Economics & Management Sciences
Depositing User: Nanthakumar Loganathan
Date Deposited: 14 Jun 2015 03:00
Last Modified: 14 Jun 2015 03:00

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