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Is economic globalization good or bad for the environmental quality? New evidence from dynamic heterogeneous panel models

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  • Lv, Zhike
  • Xu, Ting

Abstract

This paper employs advanced panel econometric techniques that allow for heterogeneous slope coefficients and cross-section dependence to investigate the impact of economic globalization on CO2 emissions in 15 emerging countries over the period 1970–2012. The results demonstrate that, in the long-run, a 1% increase in economic globalization reduces CO2 emissions by −0.11%, and these results are robust across different estimation techniques. Our novel finding not only help advance the existing literature, but also deserve special attention from policy makers in emerging countries.

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  • Lv, Zhike & Xu, Ting, 2018. "Is economic globalization good or bad for the environmental quality? New evidence from dynamic heterogeneous panel models," Technological Forecasting and Social Change, Elsevier, vol. 137(C), pages 340-343.
    • Handle: RePEc:eee:tefoso:v:137:y:2018:i:c:p:340-343
    DOI: 10.1016/j.techfore.2018.08.004
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    Keywords

    Economic globalization; CO2 emissions; Heterogeneous;
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