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Slowing down of globalization and global CO2 emissions – A causal or casual association?

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  • Zhu, Kunfu
  • Jiang, Xuemei

Abstract

In recent years we have witnessed slowdowns of both globalization and global CO2 emissions. Not only have Organization for Economic Co-operation and Development (OECD) economies, such as the US and the UK, tried to bring manufacturing back to their home countries but non-OECD economies, such as China and India, have also increased their shares of domestic products at both intermediate and final goods. In this paper, we employ the annual global multi-regional input–output tables compiled by the Asian Development Bank to explore the linkage of the recent slowdown in globalization and global CO2 emissions for the period 2012–2016. Our results suggest that there are indeed some clues indicating a slowdown of globalization in several leading OECD and non-OECD economies. However, the changes of consumption in non-OECD economies are much larger than are those in OECD economies. At the aggregate level, the effects of globalization on emissions have been dominated by non-OECD economies (in particular China and India), showing a negative linkage. More specifically, the changing pattern of globalization has contributed a net increase of 202 Mt. in global CO2 emissions. The recent slowdown of global CO2 emissions cannot, in general, be attributed to the slowdown of globalization.

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  • Zhu, Kunfu & Jiang, Xuemei, 2019. "Slowing down of globalization and global CO2 emissions – A causal or casual association?," Energy Economics, Elsevier, vol. 84(C).
    • Handle: RePEc:eee:eneeco:v:84:y:2019:i:c:s0140988319302646
    DOI: 10.1016/j.eneco.2019.104483
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    Cited by:

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    3. Zhang, Danyang & Wang, Hui & Löschel, Andreas & Zhou, Peng, 2021. "The changing role of global value chains in CO2 emission intensity in 2000–2014," Energy Economics, Elsevier, vol. 93(C).
    4. Ilhan Ozturk & Buket Savranlar & Alper Aslan & Usama Al-mulali & Seyfettin Artan, 2023. "The Dynamic Simulation Analysis of the Impact of Urbanization and Globalization on Environmental Quality," Sustainability, MDPI, vol. 15(15), pages 1-13, July.
    5. Caetano, Rafaela Vital & Marques, António Cardoso, 2023. "Could energy transition be a game changer for the transfer of polluting industries from developed to developing countries? An application of game theory," Structural Change and Economic Dynamics, Elsevier, vol. 65(C), pages 351-363.
    6. Patrícia Hipólito Leal & António Cardoso Marques & Muhammad Shahbaz, 2021. "The role of globalisation, de jure and de facto, on environmental performance: evidence from developing and developed countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 23(5), pages 7412-7431, May.
    7. Patrícia Hipólito Leal & Rafaela Vital Caetano & António Cardoso Marques, 2021. "Is the Relocation of Polluting Industries Prompted by FDI Flow and Stock, Globalisation, Corruption and Regulation?," IJERPH, MDPI, vol. 18(4), pages 1-30, February.
    8. Zhang, Yu & Tian, Kailan & Li, Xiaomeng & Jiang, Xuemei & Yang, Cuihong, 2022. "From globalization to regionalization? Assessing its potential environmental and economic effects," Applied Energy, Elsevier, vol. 310(C).
    9. Sharif, Arshian & Iqbal Godil, Danish & Xu, Bingjie & Sinha, Avik & Abdul Rehman Khan, Syed & Jermsittiparsert, Kittisak, 2020. "Revisiting the Role of Tourism and Globalization in Environmental Degradation in China: Fresh Insights from the Quantile ARDL Approach," MPRA Paper 101156, University Library of Munich, Germany, revised 2020.

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    More about this item

    Keywords

    Globalization; Global CO2 emissions; Multi-regional input-output tables;
    All these keywords.

    JEL classification:

    • C67 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Input-Output Models
    • F18 - International Economics - - Trade - - - Trade and Environment
    • Q43 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Energy and the Macroeconomy
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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