Asymmetric Effects of Economic Growth on Carbon Emissions of Developed Countries: Evidence From Nonlinear Panel Autoregressive Distributed Lag Model

Sana, Saleem and Dr Amanat, Ali and Jawad, Khan (2022) Asymmetric Effects of Economic Growth on Carbon Emissions of Developed Countries: Evidence From Nonlinear Panel Autoregressive Distributed Lag Model. Middle European Scientific Bulletin, 26. pp. 23-49. ISSN 2694-9970

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Abstract

This study explores the asymmetric impact of economic growth on carbon emissions in developed countries by utilizing the panel data for the period 1990 to 2019. The current investigation considers the growth of developed countries to be an essential determinant of CO2 emissions. This study is the first of its kind to reveal the asymmetric connections between GDP and CO2 emissions by using the Westerlund panel co-integration and nonlinear panel auto-regressive distributive lag model. The findings support the fact that the impact of economic growth on CO2 emissions is significantly asymmetric. In the long run, positive GDP shocks will increase CO2 emissions in developed economies. Also, the positive shocks to GDP are correlated with CO2 emissions and other variables in a unidirectional way, except for renewable energy. Based on the given results quite a few policy recommendations were proposed in the concluding portion.

Item Type:	Article
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Postgraduate > Master's of Islamic Education
Depositing User:	Journal Editor
Date Deposited:	30 Aug 2022 00:57
Last Modified:	30 Aug 2022 00:57
URI:	http://eprints.umsida.ac.id/id/eprint/10257

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