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Journal article
Testing the globalization-driven carbon emissions hypothesis: International evidence
International economics (Paris), v 158
Aug 2019
Abstract
We empirically investigate the dynamic relationship between globalization and CO2 emissions for 87 (high, middle and low-income) countries. We utilize the cross-correlation approach to examine the well-known EKC hypothesis between globalization and environmental degradation. The results validate the inverted U-shaped EKC hypothesis for 16 (approximately 18%) from the high- and middle-income countries only, thereby highlighting that a rise in globalization will decrease carbon emissions for these countries in the future. On contrary, the results also confirm the U-shaped relationship between globalization and environmental degradation for 8% of the countries. The remaining countries do not have a U- or an inverted U-shaped relationship between globalization and CO2 emissions. Policy implications are also discussed.
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154 citations in Scopus
Details
- Title
- Testing the globalization-driven carbon emissions hypothesis: International evidence
- Creators
- Muhammad Shahbaz - University of CambridgeMantu Kumar Mahalik - Department of Humanities and Social Sciences, Indian Institute of Technology, Kharagpur, 721302, West Bengal, IndiaSyed Jawad Hussain Shahzad - Energy and Sustainable Development, Montpellier Business School, FranceShawkat Hammoudeh - LeBow College of Business, Drexel University, United States.
- Publication Details
- International economics (Paris), v 158
- Publisher
- Elsevier
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Scopus ID
- 2-s2.0-85064222694
- Other Identifier
- 991019173888204721