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Küreselleşmenin Çevresel Kuznets Eğrisi Hipotezi Üzerindeki Rolü: Pakistan Örneği

Year 2023, Volume: 37 Issue: 3, 177 - 185, 15.07.2023

Abstract

Küreselleşme, ekonomileri ve toplulukları etkileyen, dünya çapında finansal ve kültürel entegra- syonu sağlayan önemli bir küresel olgudur. Malların, hizmetlerin, teknolojilerin ve sermayenin hareketinin yanı sıra, küreselleşmenin arka planında, tek bir ekosistem olarak gezegen, çevresel bozulmayı önlemek ve biyoçeşitlilik, ozon tabakası veya iklim değişikliği gibi küresel sorunları çözmek için bir unsur olarak hareket ediyor. Bu çalışmanın amacı, 1975–2015 yılları arasında Pakistan için Çevresel Kuznet Eğrisi (EKC) hipotezini uygulayarak küreselleşmenin çevre kalitesi üzerindeki rolünü incelemektir. Değişkenler ve Otomatik Regresif Dağıtılmış Gecikme (ARDL) metodolojisi ve hata düzeltme modeli kullanılarak, küreselleşme ile çevresel kalite arasındaki kısa ve uzun vadeli ilişki incelenmiştir. Ampirik bulgular, karbondioksit emisyonları ile GSYİH, enerji ve küreselleşme gibi bağımsız değişkenlerin uzun vadeli bir ilişkiye sahip olduğunu ortaya koymaktadır. Pakistan örneğinde, bu araştırmanın bulguları, etki tepkisi fonksiyonu tarafından da desteklenen EKC hipotezi tarafından doğrulanmıştır. Ayrıca, Granger nedenselliği, Pakistan'da GSYİH, enerji kullanımı, küreselleşme ve karbondioksiti kapsayan uzun vadeli tek yönlü bir nedensellik olduğunu göstermektedir.

References

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  • Furuoka, F. (2015). Financial development and energy consumption: Evi- dence from a heterogeneous panel of Asian countries. Renewable and Sustainable Energy Reviews, 52, 430–444. [CrossRef]
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  • Özturk, I., Al-Mulali, U., & Saboori, B. (2016). Investigating the environmen- tal Kuznets curve hypothesis: The role of tourism and ecological footprint. Environmental Science and Pollution Research Interna- tional, 23(2), 1916–1928. [CrossRef]
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Economet- rics, 16(3), 289–326. [CrossRef]
  • Riti, J. S., Shu, Y., Song, D., & Kamah, M. (2017). The contribution of energy use and financial development by the source in climate change miti- gation process: A global empirical perspective. Journal of Cleaner Production, 148, 882–894. Saidi, K., & Hammami, S. (2015). The impact of CO2 emissions and eco- nomic growth on energy consumption in 58 countries. Energy Reports, 1, 62–70. [CrossRef]
  • Saidi, K., & Mbarek, M. B. (2017). The impact of income, trade, urbanization, and financial development on CO 2 emissions in 19 emerging econo- mies. Environmental Science and Pollution Research International, 24(14), 12748–12757. [CrossRef]
  • Salahuddin, M., Alam, K., Ozturk, I., & Sohag, K. (2018). The effects of elec- tricity consumption, economic growth, financial development, and foreign direct investment on CO2 emissions in Kuwait. Renewable and Sustainable Energy Reviews, 81, 2002–2010. [CrossRef]
  • Say, N. P., & Yücel, M. (2006). Energy consumption and CO2 emissions in Turkey: Empirical analysis and future projection based on economic growth. Energy Policy, 34(18), 3870–3876. [CrossRef]
  • Shahbaz, M., Khan, S., Ali, A., & Bhattacharya, M. (2017). The impact of globalization on CO2 emissions in China. Singapore Economic Review, 62(4), 929–957. [CrossRef]
  • Shahbaz, M., Khraief, N., Uddin, G. S., & Ozturk, I. (2014). Environmental Kuznets curve in an open economy: A bounds testing and causality analysis for Tunisia. Renewable and Sustainable Energy Reviews, 34, 325–336. [CrossRef]
  • Shahbaz, M., Lahiani, A., Abosedra, S., & Hammoudeh, S. (2018). The role of globalization in energy consumption: A quantile cointegrating regression approach. Energy Economics, 71, 161–170. [CrossRef]
  • Shahbaz, M., Mahalik, M. K., Shah, S. H., & Sato, J. R. (2016). Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries. Energy Policy, 98, 33–48. [CrossRef]
  • Sinha, A., & Shahbaz, M. (2018). Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India. Renewable Energy, 119, 703–711. [CrossRef]
  • Stern, D. I. (2004). The rise and fall of the environmental Kuznets curve. World Development, 32(8), 1419–1439. [CrossRef]
  • Stobierski, T. (2021). 4 effects of globalization on the environment. Har- ward Business School. Retrieved from https://online.hbs.edu/blog/po st/globalization-effects-on-environment
  • WDI (2019). World Development Indicators. Retrieved from https://da tabank.worldbank.org/source/world-development-indicators. (Erişim Tarihi: 10 Ocak 2019)
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The Role of Globalization on the Environmental Kuznets Curve Hypothesis: The Case of Pakistan

Year 2023, Volume: 37 Issue: 3, 177 - 185, 15.07.2023

Abstract

Globalization is a major global phenomena that is influencing economies and communities, ensuring financial and cultural integration around the world, as well as movement of goods, ser- vices, technologies, and capital. On the background of the globalization, the planet as a single ecosystem acts as an element to prevent the environmental degradation and handle the global problem, such as biodiversity, the ozone layer, or climate change. The purpose of this study is to examine the role of globalization on environmental quality by applying the Environmental Kuznet Curve hypothesis for Pakistan over the period 1975–2015. Bound test has been carried out to examine the long-run relationship between series of selected variables, and using the auto regressive distributed lag methodology and error correction model was investigated in examin- ing the short-run and long-run relationship between globalization and environmental quality. The empirical findings reveal that carbon dioxide emissions and independent variables such as GDP, energy, and the globalization have a long-term relationship. In the instance of Pakistan, the find- ings of this investigation were confirmed by the Environmental Kuznet Curve hypothesis, which is also supported by the impulse response function. Furthermore, Granger causality demonstrates that there is a long-term one-way causality in Pakistan spanning GDP, energy use, globalization, and carbon dioxide emission.

References

  • Aye, G. C., & Edoja, P. E. (2017). Effect of economic growth on CO2 emission in developing countries: Evidence from a dynamic panel threshold model. Cogent Economics and Finance, 5(1), 1379239. [CrossRef]
  • Furuoka, F. (2015). Financial development and energy consumption: Evi- dence from a heterogeneous panel of Asian countries. Renewable and Sustainable Energy Reviews, 52, 430–444. [CrossRef]
  • Grossman, G. M., & Krueger, A. B. (1991). Environmental impacts of a North American Free-Trade Agreement (No, w.3914). National Bureau of Economic Research.
  • Grossman, G. M., & Krueger, A. B. (1995). Economic growth and the envi- ronment. Quarterly Journal of Economics, 110(2), 353–377. [CrossRef]
  • KOF (2019). KOF Swiss Economic Institute. Retrieved from https://kof.eth z.ch/en/forecasts-and-indicators/indicators/kof-globalisation-ind ex.html. Erişim Tarihi: 10 Ocak 2019[CrossRef]
  • Kraft, J., & Kraft, A. (1978). On the relationship between energy and GNP. Journal of Energy and Development, 401–403.
  • Özturk, I., Al-Mulali, U., & Saboori, B. (2016). Investigating the environmen- tal Kuznets curve hypothesis: The role of tourism and ecological footprint. Environmental Science and Pollution Research Interna- tional, 23(2), 1916–1928. [CrossRef]
  • Pesaran, M. H., Shin, Y., & Smith, R. J. (2001). Bounds testing approaches to the analysis of level relationships. Journal of Applied Economet- rics, 16(3), 289–326. [CrossRef]
  • Riti, J. S., Shu, Y., Song, D., & Kamah, M. (2017). The contribution of energy use and financial development by the source in climate change miti- gation process: A global empirical perspective. Journal of Cleaner Production, 148, 882–894. Saidi, K., & Hammami, S. (2015). The impact of CO2 emissions and eco- nomic growth on energy consumption in 58 countries. Energy Reports, 1, 62–70. [CrossRef]
  • Saidi, K., & Mbarek, M. B. (2017). The impact of income, trade, urbanization, and financial development on CO 2 emissions in 19 emerging econo- mies. Environmental Science and Pollution Research International, 24(14), 12748–12757. [CrossRef]
  • Salahuddin, M., Alam, K., Ozturk, I., & Sohag, K. (2018). The effects of elec- tricity consumption, economic growth, financial development, and foreign direct investment on CO2 emissions in Kuwait. Renewable and Sustainable Energy Reviews, 81, 2002–2010. [CrossRef]
  • Say, N. P., & Yücel, M. (2006). Energy consumption and CO2 emissions in Turkey: Empirical analysis and future projection based on economic growth. Energy Policy, 34(18), 3870–3876. [CrossRef]
  • Shahbaz, M., Khan, S., Ali, A., & Bhattacharya, M. (2017). The impact of globalization on CO2 emissions in China. Singapore Economic Review, 62(4), 929–957. [CrossRef]
  • Shahbaz, M., Khraief, N., Uddin, G. S., & Ozturk, I. (2014). Environmental Kuznets curve in an open economy: A bounds testing and causality analysis for Tunisia. Renewable and Sustainable Energy Reviews, 34, 325–336. [CrossRef]
  • Shahbaz, M., Lahiani, A., Abosedra, S., & Hammoudeh, S. (2018). The role of globalization in energy consumption: A quantile cointegrating regression approach. Energy Economics, 71, 161–170. [CrossRef]
  • Shahbaz, M., Mahalik, M. K., Shah, S. H., & Sato, J. R. (2016). Time-varying analysis of CO2 emissions, energy consumption, and economic growth nexus: Statistical experience in next 11 countries. Energy Policy, 98, 33–48. [CrossRef]
  • Sinha, A., & Shahbaz, M. (2018). Estimation of Environmental Kuznets Curve for CO2 emission: Role of renewable energy generation in India. Renewable Energy, 119, 703–711. [CrossRef]
  • Stern, D. I. (2004). The rise and fall of the environmental Kuznets curve. World Development, 32(8), 1419–1439. [CrossRef]
  • Stobierski, T. (2021). 4 effects of globalization on the environment. Har- ward Business School. Retrieved from https://online.hbs.edu/blog/po st/globalization-effects-on-environment
  • WDI (2019). World Development Indicators. Retrieved from https://da tabank.worldbank.org/source/world-development-indicators. (Erişim Tarihi: 10 Ocak 2019)
  • Zhang, X. P., & Cheng, X. M. (2009). Energy consumption, carbon emis- sions, and economic growth in China. Ecological Economics, 68(10), 2706–2712. [CrossRef]
There are 21 citations in total.

Details

Primary Language Turkish
Subjects Labor Economics
Journal Section Research Articles
Authors

Hatice İmamoğlu This is me 0000-0002-3299-499X

Dilber Çağlar Onbaşıoğlu This is me 0000-0003-3178-6088

Publication Date July 15, 2023
Published in Issue Year 2023 Volume: 37 Issue: 3

Cite

APA İmamoğlu, H., & Çağlar Onbaşıoğlu, D. (2023). Küreselleşmenin Çevresel Kuznets Eğrisi Hipotezi Üzerindeki Rolü: Pakistan Örneği. Trends in Business and Economics, 37(3), 177-185.

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