Testing the globalization-driven carbon emissions hypothesis: International evidence

By Muhammad Shahbaz, Mantu Kumar Mahalik, Syed Jawad Hussain Shahzad, Shawkat Hammoudeh. The International Economy, 2019

166 citations recorded by the source corpus.

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.

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

View Paper: https://www.semanticscholar.org/paper/92e811a18cd2a64ca415d2aa069c9b9e6b7a7f51

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Citations in the corpus

Revisiting the role of tourism and globalization in environmental degradation in China: Fresh insights from the quantile ARDL approach (2020, background): “Shahbaz et al. (2015) examined the nexus between globalization and CO2 emissions in India from 1970 to 2012, and suggested that globalization upsurges CO2 emissions.”