Dynamic linkages among CO2 emissions, human development, financial development, and globalization: empirical evidence based on PMG long-run panel estimation
| Autor: | Yasir Rasool, Muhammad Mansoor Asghar, Zhaohua Wang, Bo Wang |
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| Rok vydání: | 2019 |
| Předmět: |
Cointegration
Health Toxicology and Mutagenesis General Medicine 010501 environmental sciences 01 natural sciences Pollution Human capital Human development (humanity) Globalization Greenhouse gas Econometrics Economics Environmental Chemistry Unit root Human Development Index Empirical evidence 0105 earth and related environmental sciences |
| Zdroj: | Environmental Science and Pollution Research. 26:36248-36263 |
| ISSN: | 1614-7499 0944-1344 |
| Popis: | This study investigates the impact of the human capital index, globalization, and financial development on carbon dioxide of grouping OECD countries using pool mean group estimation technique from 1990 to 2015. This study also applies the second-generation cross-sectional augmented Dickey-Fuller and cross-sectional Im, Pesaran, Shin panel (CIPS) unit root, and the latest (Westerlund 2008) cointegration tests for further investigations. The result shows that both the human development index and financial development stimulate environmental improvement by using PMG long-run panel estimation approach. Furthermore, the pairwise Dumitrescu-Hurlin panel causality results prove the two-way causal association between financial development and carbon emissions. The unidirectional causality running from globalization and human development index towards carbon emission is also supported. Based on the aforementioned results, we provide a set of recommendations for policy implication. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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