Journal
ENERGY ECONOMICS
Volume 73, Issue -, Pages 248-257Publisher
ELSEVIER SCIENCE BV
DOI: 10.1016/j.eneco.2018.05.016
Keywords
Economic globalization; CO2 emission; Spatial panel data model
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Funding
- National Natural Science Foundation of China [71703140, 11601086]
- Natural Science Foundation of Hunan Province of China [2017JJ3293]
- Fujian Social Science Planning Fund Program [FJ2016C092]
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This paper investigates the spatial effects of economic globalization on CO2 emissions in a panel of 83 countries over the period 1985-2013. We apply the spatial panel method to address the problems of spatial dependency and the spillover effect among neighboring countries. First, the estimation results verify the existence of the spatial correlations in CO2 emissions across nations. Second, we find that the indirect effect of economic globalization on CO2 emissions is so significantly negative to overcome the positive direct effect, which implies a negative and significant total effect, so our results suggest that being surrounded by highly globalized countries has a positive effect on the environmental quality. Finally, we also find strong evidence for the inverted-U shaped EKC relationship between CO2 emissions and income. (C) 2018 Elsevier B.V. All rights reserved.
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