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Remittances, Financial Development, and Environment Quality: Evidence from South Asia

Author

Listed:
  • Sumaira

    (Department of Business and Commerce, GIFT University, Gujranwala, Pakistan)

  • mir Sajjad

    (Govt. Jinnah Islamia College, Sialkot, Pakistan)

  • Hafiz Muhammad Abubakar Siddique

    (Department of Business and Commerce, GIFT University, Gujranwala, Pakistan)

Abstract

Remittances inflow and financial development not only the important determinant of economic growth but also the polluting factor of environment in South Asian countries. This study is carried out to find out the impact of remittances and financial development (FD) on the environment pollution for the panel data over 1984 to 2018 by using panel OLS, fixed effect (FE) model, FMOLS and Pedronic co-integration test. The findings of co-integration test confirms the presence of long run association between the variables. Remittances, FD, energy consumption and FDI lead to environmental degradation while trade is the improving factor of environmental quality. The governments of South Asian countries should discourse the conflicting effect of remittances on environmental quality through severe limitations on highly polluted industries by strict financial procedures.

Suggested Citation

  • Sumaira & mir Sajjad & Hafiz Muhammad Abubakar Siddique, 2022. "Remittances, Financial Development, and Environment Quality: Evidence from South Asia," Journal of Policy Research (JPR), Research Foundation for Humanity (RFH), vol. 8(3), pages 113-121, December.
    • Handle: RePEc:rfh:jprjor:v:8:y:2022:i:3:p:113-121
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    References listed on IDEAS

    as
    1. Sumera Arshad & Amajd Ali, 2016. "Trade-off between Inflation, Interest and Unemployment Rate of Pakistan: Revisited," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 5(4), pages 193-209, December.
    2. Goodness C. Aye & Prosper Ebruvwiyo Edoja, 2017. "Effect of economic growth on CO2 emission in developing countries: Evidence from a dynamic panel threshold model," Cogent Economics & Finance, Taylor & Francis Journals, vol. 5(1), pages 1379239-137, January.
    3. Ahmad, Waheed & Ozturk, Ilhan & Majeed, Muhammad Tariq, 2022. "How do remittances affect environmental sustainability in Pakistan? Evidence from NARDL approach," Energy, Elsevier, vol. 243(C).
    4. Acheampong, Alex O. & Amponsah, Mary & Boateng, Elliot, 2020. "Does financial development mitigate carbon emissions? Evidence from heterogeneous financial economies," Energy Economics, Elsevier, vol. 88(C).
    5. Iram Ashraf & Amjad Ali, 2018. "Socio-Economic Well-Being and Women Status in Pakistan: An Empirical Analysis," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 7(2), pages 46-58, June.
    6. Werner Antweiler & Brian R. Copeland & M. Scott Taylor, 2001. "Is Free Trade Good for the Environment?," American Economic Review, American Economic Association, vol. 91(4), pages 877-908, September.
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    Cited by:

    1. Ali, Amjad & Sumaira, Sumaira & Siddique, Hafiz Muhammad Abubakar & Ashiq, Saima, 2023. "Impact of Economic Growth, Energy Consumption and Urbanization on Carbon Dioxide Emissions in the Kingdom of Saudi Arabia," MPRA Paper 118832, University Library of Munich, Germany.

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    Keywords

    Financial Development; Remittances; CO2 emissions; Trade;
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