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Does Service Trade Globalization Promote Trade and Low-Carbon Globalization? Evidence from 30 Countries

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  • Chuanwang Sun
  • Tiemeng Ma
  • Xiaoling Ouyang
  • Rong Wang

Abstract

The purpose of this study is to investigate the effect of service trade globalization on low-carbon globalization. Two newly developed non-radial directional distance functions of UEI (Unified Efficiency Index) and EEPI (Energy-Environmental Performance Index) were adopted to evaluate energy and CO2 emission performances of 30 countries during the period 1980–2013. A multiple regression analysis was conducted based on the Tobit model. Results showed that: (1) Service trade openness has a positive effect on energy and CO2 emission efficiency, and the effect has been intensified with time. (2) Emerging service sectors promoted the improvement of energy and CO2 emission efficiency, while the traditional sectors hindered the efficiency improvement. (3) There existed a “catch-up” effect between less developed countries and developed countries on energy and CO2 emission efficiency. Policy implications are thus drawn on how to promote the improvement of energy and carbon emission efficiency in the context of low-carbon globalization.

Suggested Citation

  • Chuanwang Sun & Tiemeng Ma & Xiaoling Ouyang & Rong Wang, 2021. "Does Service Trade Globalization Promote Trade and Low-Carbon Globalization? Evidence from 30 Countries," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 57(5), pages 1455-1473, April.
    • Handle: RePEc:mes:emfitr:v:57:y:2021:i:5:p:1455-1473
    DOI: 10.1080/1540496X.2019.1627517
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    Cited by:

    1. Weijiang Liu & Yangyang Li & Tingting Liu & Min Liu & Hai Wei, 2021. "How to Promote Low-Carbon Economic Development? A Comprehensive Assessment of Carbon Tax Policy in China," IJERPH, MDPI, vol. 18(20), pages 1-16, October.
    2. Aihua Wang & Qiqi Ruan & Teng Zhou & Yanzhen Wang, 2022. "Digitizable Product Trade Development and Carbon Emission: Evidence from 94 Countries," Sustainability, MDPI, vol. 14(22), pages 1-15, November.
    3. Feng, Rui & Shen, Chen & Huang, Liangxiong & Tang, Xuan, 2022. "Does trade in services improve carbon efficiency? —Analysis based on international panel data," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    4. Fotio, Hervé Kaffo & Adams, Samuel & Nkengfack, Hilaire & Poumie, Boker, 2023. "Achieving sustainable development goal 7 in Africa: Does globalization matter for electricity access, renewable energy consumption, and energy efficiency?," Utilities Policy, Elsevier, vol. 82(C).
    5. Hongze Liang & Xiaoli Hao, 2023. "Can Service Trade Effectively Promote Carbon Emission Reduction?—Evidence from China," Sustainability, MDPI, vol. 15(17), pages 1-23, August.
    6. Nela Vlahinić Lenz & Barbara Fajdetić, 2022. "Does Economic Globalisation Harm Climate? New Evidence from European Union," Energies, MDPI, vol. 15(18), pages 1-17, September.
    7. Saeed Ur Rahman & Zia Ur Rahman & Maryam Ibrahim, 2022. "Validity of Environmental Kuznets Curve in the Malaysian Economy: A Fresh Evidence," Journal of Economic Impact, Science Impact Publishers, vol. 4(3), pages 278-288.
    8. Li, Hongbing & Zheng, Qingbiao & Zhang, Bingbing & Sun, Chuanwang, 2021. "Trade policy uncertainty and improvement in energy efficiency: Empirical evidence from prefecture-level cities in China," Energy Economics, Elsevier, vol. 104(C).
    9. Lin, Boqiang & Xu, Bin, 2021. "A non-parametric analysis of the driving factors of China's carbon prices," Energy Economics, Elsevier, vol. 104(C).

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