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Globalization-Emissions Nexus: Testing the EKC hypothesis in Next-11 Countries

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  • Shahbaz, Muhammad

Abstract

This study investigates the association between globalization and carbon emissions for N-11 countries. In doing so, we apply bounds testing approach to examine cointegration between globalization and CO2 emissions. The results confirm the U-shaped association between globalization and carbon emissions for Bangladesh, Iran, and South Korea. Contrarily, traditional approach validates an inverted-U relationship between globalization and carbon emissions for Pakistan and South Korea, but U-shaped relationship exists for the Philippines and Vietnam. The presence or absence of an inverted-U relationship between globalization and carbon emissions has important policy implications using globalization as an economic tool for sustainable economic development.

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  • Shahbaz, Muhammad, 2019. "Globalization-Emissions Nexus: Testing the EKC hypothesis in Next-11 Countries," MPRA Paper 93959, University Library of Munich, Germany, revised 13 May 2019.
    • Handle: RePEc:pra:mprapa:93959
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    More about this item

    Keywords

    Globalization; Emissions; EKC; N-11;
    All these keywords.

    JEL classification:

    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics

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