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The Impact of Economic Growth, Foreign Direct Investment, Urbanization, Fossils Fuel Consumption on Environmental Degradation in Emerging Asian Economies

Author

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  • Muhammad Waqas Ashraf
  • Hafeez ur Rehman
  • Imran Sharif Chaudhry

Abstract

The current examination ascertains the impact of foreign direct investment, urbanization, economic growth, fossil fuel consumption &on carbon emissions in eleven rising Asian economies. Panel data has been scrutinized from 1990 to 2018, and (ARDL)/PMG model is executed. The outcomes of the model exemplify that in these growing Asian economies, the triumph to cuitivate economic growth, foreign direct investment, urbanization and fossil fuels are bestowing CO2 emissions and deteriorating the environmental circumstances at the regional level. Moreover, the conclusions emphasis that foreign direct investment is a source of environmental humiliation and increases carbon emissions at the regional level. Furthermore, outcomes of the investigate also confirmes the existence of (EKC) in these eleven emerging Asian economies. The study also suggest that by lessening the consumption of fossil fuel energy and encouragement of an environmental responsive economic growth policy will be suitable for the affluence in these emerging developing Asian economies and also the rest of world.

Suggested Citation

  • Muhammad Waqas Ashraf & Hafeez ur Rehman & Imran Sharif Chaudhry, 2020. "The Impact of Economic Growth, Foreign Direct Investment, Urbanization, Fossils Fuel Consumption on Environmental Degradation in Emerging Asian Economies," Journal of Business and Social Review in Emerging Economies, CSRC Publishing, Center for Sustainability Research and Consultancy Pakistan, vol. 6(4), pages 1479-1495, December.
    • Handle: RePEc:src:jbsree:v:6:y:2020:i:4:p:1479-1495
    DOI: http://doi.org/10.26710/jbsee.v6i4.1480
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