Fossil fuels, foreign direct investment, and economic growth have triggered CO2 emissions in emerging Asian economies: Some empirical evidence

By Imran Hanif, Syed Muhammad Faraz Raza, Pilar Gago-de-Santos, Qaiser Abbas. Energy, 2019

565 citations recorded by the source corpus.

Abstract The present study examines the long-run and short-run impacts of fossil fuels consumption, foreign direct investment and economic growth on carbon emissions in fifteen developing Asian countries. Our empirical evidence analyses panel data for the period from 1990 to 2013, and it applies an Autoregressive Distributive Lag (ARDL) model. Our results show that in these developing economies, the efforts to foster economic growth are contributing to the generation of CO2 emissions, and that fossil fuels consumption is contributing to carbon emissions and to the deterioration of the environment at the regional level. Moreover, the empirical results spotlight that foreign direct investment is a source of environmental degradation that increases carbon emissions at the domestic level, confirming the Pollution Haven hypothesis. Furthermore, our data confirms the existence of an Environmental Kuznets Curve (EKC) in these developing Asian countries. Finally, our study suggests that reducing the consumption of fossil fuels and fostering an environmentally friendly economic growth strategy in these developing countries will prove helpful for the well-being of this part of the developing world.

Subfields: Economics and Econometrics, Environmental Engineering, Renewable Energy, Sustainability and the Environment

View Paper: https://www.semanticscholar.org/paper/56c81f86db8a2f28087cce19a5060e46c7f0161e

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Economics and Econometrics

1. Xiucheng Dong
2. Cong Dong
3. Kangyin Dong
4. A. Jahanger
5. Boqiong Yang
6. Muhammad Atif Khan

In Environmental Engineering

1. Xiucheng Dong
2. Cong Dong
3. A. Jahanger
4. Boqiong Yang
5. Kangyin Dong
6. Muhammad Atif Khan

In Renewable Energy, Sustainability and the Environment

1. Xiucheng Dong
2. Cong Dong
3. Kangyin Dong
4. A. Jahanger
5. Boqiong Yang
6. Muhammad Atif Khan

Citations in the corpus

• Determinants of the global and regional CO2 emissions: What causes what and where? (2019, background): “This viewpoint is also confirmed by Xu and Lin (2017), Lin and Xu (2018a), and Hanif et al. (2019).”
• Does the inflow of remittances and energy consumption increase CO2 emissions in the era of globalization? A global perspective (2020, methodology): “Since we uses panel data therefore, following recently published empirical literature that used similar research design (Jiang and Ma 2019); Hassan and Nosheen (2019), we have tested the stationarity of our variables by using first-generation unit root tests i.”