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Urbanization in a Globalized World: Reviewing Environmental Sustainability in Developing Countries

Author

Listed:
  • Kalsoom Zulfiqar

    (School of Economics, University of the Punjab, Lahore, Pakistan)

  • Ali Asad Sabir

    (Mahbub ul Haq Research Center, Lahore, Pakistan)

  • Abdul Rehman Nawaz

    (Institute of Development and Economics Alternatives, Lahore, Pakistan)

  • Fatima Farasat

    (School of Economics, University of the Punjab, Lahore, Pakistan)

Abstract

Climate change remains a critical issue worldwide, and balancing economic growth with sustainable development is of paramount importance. Our study explores the complex relationship between globalization, environmental sustainability, and urbanization in selected developing countries. By utilizing a simple panel regression technique and data from 40 developing countries from 1994 to 2018, the study examines how these factors influence environmental stability. We find that with a strong focus on environmental sustainability, economic growth can be enhanced. Additionally, we find that globalization, along with GDP per capita and access to electricity, significantly impacts environmental sustainability. Conversely, the effect of urbanization on environmental stability appears to be minimal.

Suggested Citation

  • Kalsoom Zulfiqar & Ali Asad Sabir & Abdul Rehman Nawaz & Fatima Farasat, 2024. "Urbanization in a Globalized World: Reviewing Environmental Sustainability in Developing Countries," Population and Economics, ARPHA Platform, vol. 8(3), pages 70-85, October.
  • Handle: RePEc:arh:jpopec:v:8:y:2024:i:3:p:70-85
    DOI: 10.3897/popecon.8.e111828
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    More about this item

    Keywords

    CO2 emission Urban population Economic globalization GDP per capita Access to electricity;

    JEL classification:

    • R - Urban, Rural, Regional, Real Estate, and Transportation Economics
    • Y - Miscellaneous Categories

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