Universidad Complutense de Madrid
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Fossil fuels, foreign direct investment, and economic growth have triggered CO2 emissions in emerging Asian economies: Some empirical evidence

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Hanif, Imran and Faraz Raza, Syed Muhammad and Gago de Santos, Pilar and Abbas, Qaiser (2019) Fossil fuels, foreign direct investment, and economic growth have triggered CO2 emissions in emerging Asian economies: Some empirical evidence. Energy, 171 . pp. 493-501. ISSN 0360-5442

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Official URL: https://www-sciencedirect-com.bucm.idm.oclc.org/science/article/pii/S0360544219300131



Abstract

The present study examines the long-run and short-run impacts of fossil fuels consumption, foreign direct investment and economic growth on carbon emissions in fifteen developing Asian countries. Our empirical evidence analyses panel data for the period from 1990 to 2013, and it applies an Autoregressive Distributive Lag (ARDL) model. Our results show that in these developing economies, the efforts to foster economic growth are contributing to the generation of CO2 emissions, and that fossil fuels consumption is contributing to carbon emissions and to the deterioration of the environment at the regional level. Moreover, the empirical results spotlight that foreign direct investment is a source of environmental degradation that increases carbon emissions at the domestic level, confirming the Pollution Haven hypothesis. Furthermore, our data confirms the existence of an Environmental Kuznets Curve (EKC) in these developing Asian countries. Finally, our study suggests that reducing the consumption of fossil fuels and fostering an environmentally friendly economic growth strategy in these developing countries will prove helpful for the well-being of this part of the developing world. © 2019 Elsevier Ltd


Item Type:Article
Uncontrolled Keywords:Carbon; Carbon dioxide; Deterioration; Developing countries; Economic analysis; Economic and social effects; Investments; Weathering, Carbon emissions; Developing economies; Developing world; Economic growths; Environmental Kuznets curves; Evidence analysis; Foreign direct investments; Pollution haven hypothesis, Fossil fuels, Carbon emission; Developing world; Economic development; Economic diversification; Economic growth; Empirical analysis; Environmental degradation; Environmental economics; Foreign direct investment; Fossil fuel; Fuel consumption; Kuznets curve, Asia.
Subjects:Social sciences > Economics > Economic history
ID Code:60781
Deposited On:05 Jun 2020 07:36
Last Modified:09 Jun 2020 11:47

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