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Does globalization affect the green economy and environment? The relationship between energy consumption, carbon dioxide emissions, and economic growth

This study analyzes the relationship between globalization, energy consumption, and economic growth among selected South Asian countries to promote the green economy and environment. This study also finds causal association between energy growth and nexus of CO2 emissions and employed the premises of the EKC framework. The study used annual time series analysis, starting from 1985 to 2019. The data set has been collected from the World Development Indicator (WDI). The result of a fully modified ordinary least square (FMOLS) method describes a significantly worse quality environment in the South Asian region. The individual country as Bangladesh shows a positively significant impact on the CO2 emissions and destroys the level of environment regarding non-renewable energy and globalization index. However, negative and positive growth levels (GDP) and square of GDP confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use.
- National University of Sciences and Technology Pakistan
- Bahria University Pakistan
- Cadi Ayyad University Morocco
- Ibn Haldun University Turkey
- Xi'an University of Architecture and Technology China (People's Republic of)
Internationality, Conservation of Energy Resources, India, Energy Consumption, Carbon Dioxide, 339, South Asian Countries, Green Economy, Economic Development, Renewable Energy, Globalization, CO2 Emissions
Internationality, Conservation of Energy Resources, India, Energy Consumption, Carbon Dioxide, 339, South Asian Countries, Green Economy, Economic Development, Renewable Energy, Globalization, CO2 Emissions
citations This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).95 popularity This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.Top 1% influence This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).Top 10% impulse This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.Top 1% visibility views 37 download downloads 236 - 37views236downloads
Data source Views Downloads Ibn Haldun University Institutional Repository 37 236


