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Analysis the Impact of Technology Innovation, Foreign Direct Investment, Trade Openness and Globalization on CO2 Emissions? Evidence from Developing Nations

Author

Listed:
  • Sukaina Khalid

    (MPhil Scholar, Faculty of Economic and Commerce, Superior University Lahore, Pakistan)

  • Muhammad Yousaf

    (MPhil Scholar, Faculty of Economic and Commerce, Superior University Lahore, Pakistan)

  • Saif Ur Rahman

    (Faculty of Commerce and Economics, Superior University, Lahore, Pakistan)

  • Sadia Idrees

    (Faculty of Commerce and Economics, Superior University, Lahore, Pakistan)

  • Mubashar Ali

    (Faculty of Business Sciences Superior University Lahore, Pakistan)

Abstract

The present study explores the effects of Technology Innovation, Foreign Direct Investment, Trade openness and globalization on environmental degradation (CO2 emissions) from 1999-2023 in developing (Afghanistan, Nepal, Pakistan Bangladesh, Bhutan, and India) Countries. The study employs the Autoregressive distributed lag (ARDL) method is applied to reveal the existence of long run and short run relationship between CO2 emissions and its other determinants. A Granger causality test was also used in this investigation to ascertain the direction of causation between the variables. The results found that in Technology innovation and globalization are significantly increase the environmental degradation. The results of the analysis show that Trade openness and Foreign direct investment have a significant but negative effect on environment degradation. It is recommended that the developing nations give preference to sustainable trading procedures by including environmental factors into trade agreements and laws. This can involve promoting environmentally friendly labeling, assisting sustainable supply chains, and reducing trade obstacles for commodities that are good for the environment. Consistent with these empirical findings, this article suggests some vital policy implications in Developing countries to accomplish their sustainable development goals (SDGs).

Suggested Citation

  • Sukaina Khalid & Muhammad Yousaf & Saif Ur Rahman & Sadia Idrees & Mubashar Ali, 2024. "Analysis the Impact of Technology Innovation, Foreign Direct Investment, Trade Openness and Globalization on CO2 Emissions? Evidence from Developing Nations," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 966-973.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:966-973
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    References listed on IDEAS

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    1. Jannat Saeed & Nazik Maqsood & Tanveer Ahmad Shahid & Hina Amir & Abaid Ul Rehman & Kanwal Bilal, 2024. "Impacts of Social Capital, Financial Literacy and Financial Inclusion on Economic Growth of a Primary Data Analysis: Evidence from Pakistan Special Focus on Listed Banks," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 637-646.
    2. Najma Amin & Saif Ur Rahman & Sukaina Khalid & Sadia Idress, 2024. "How Does Tourism, Trade Openness and Green Energy Influence CO2 emissions? Evidence from ASEAN Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 71-79.
    3. Saif ur Rahman & Nor’Aznin Abu Bakar, 2019. "Manufacturing sector in Pakistan: A Comprehensive Review for the Future Growth and Development," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 7(1), pages :77-91, March.
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