Journal
ENVIRONMENTAL SCIENCE AND POLLUTION RESEARCH
Volume 24, Issue 14, Pages 12748-12757Publisher
SPRINGER HEIDELBERG
DOI: 10.1007/s11356-016-6303-3
Keywords
Financial development; Income; Trade openness; Urbanization; CO2 emissions; GMM system approach
Categories
Ask authors/readers for more resources
This study attempts to empirically examine the impact of financial development, income, trade openness, and urbanization on carbon dioxide emissions for the panel of emerging economies using the time series data over the period 1990-2013. Results showed a positive monotonic relationship between income and CO2 emissions. All models do not support the EKC hypothesis which assumes an inverted U-shaped relationship between income and environmental degradation. Financial development has a long-run negative impact on carbon emissions, implying that financial development minimizes environmental degradation. This means that financial development can be used as an implement to keep the degradation environmental clean by introducing financial reforms. The urbanization decreases the CO2 emissions; therefore, it is important for the policymakers and urban planners in these countries to slow the rapid increase in urbanization.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available