Environmental R&D and trade-adjusted carbon emissions: evaluating the role of international trade.

Autor: Jiang S; College of Economics, Liaoning University, Shenyang, Liaoning, 110000, China., Chishti MZ; School of Business, Zhengzhou University, Henan, Zhengzhou, China.; School of Economics, Quaid I Azam University, Islamabad, Pakistan.; Department of Economics, University of Chakwal, Chakwal, Punjab, Pakistan., Rjoub H; Department of Accounting and Finance, Faculty of Economics and Administrative Sciences, Cyprus International University, Mersin 10, Haspolat, 99040, Turkey., Rahim S; Pakistan Institute of Development Economics (PIDE), Islamabad, Pakistan. syedpidean@hotmail.com.
Jazyk: angličtina
Zdroj: Environmental science and pollution research international [Environ Sci Pollut Res Int] 2022 Sep; Vol. 29 (42), pp. 63155-63170. Date of Electronic Publication: 2022 Apr 22.
DOI: 10.1007/s11356-022-20003-9
Abstrakt: In the contemporary era, it is evident that consumption-based carbon emissions (CCO2e), adjusted for international trade, are a more accurate and robust measure of environmental pollution than production-based emissions. Therefore, many studies have focused on exploring the determinants of CCO2e; however, the literature could not yet discern environment-related R&D budget (ERRD) and political risk index (PRI) as a new driver. To fill this gap, the current paper aims to divulge the dynamic effects of ERRD and PRI on CCO2e while taking imports, exports, and GDP as control regressors. To do so, the G7 nations' data from 1990 to 2020 is utilized, and several advanced econometric tests and techniques are deployed to tackle the advanced issues (i.e., cross-section dependence, heterogeneity, and endogeneity) in econometrics. The CS-ARDL estimates suggest that PRI and ERRD significantly lessen the environmental quality by disrupting the detrimental effects of CCO2e. Likewise, the rise in exports possesses a negative association with the ratio of CCO2e. However, CCO2e significantly tends to surge on account of an increase in GDP and imports. GDP squared exhibits the negative link with CCO2e, confirming the EKC hypothesis in G7 nations. Besides, the AMG technique and causality test validate the robustness of our findings. In addition, the policies related to CCO2e by authorities will take approximately more than a year to absorb their effects.
(© 2022. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.)
Databáze: MEDLINE
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