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Toward Sustainable Development: Assessing the Effects of Commercial Policies on Consumption and Production-Based Carbon Emissions in Developing Economies

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  • Zhu Weimin
  • Muhammad Zubair Chishti

Abstract

Over the last few decades, the available literature on environmental economics hosts numerous environmental issues and underlines their reasons, calling for instant action on carbon dioxide emissions (CO2e). In the same context, the recent article develops a new framework that extends the pertinent literature by linking commercial policies, globalization, labor force, GDP growth, fossil fuel, and renewable energy consumption with consumption and production-based CO2e (CCO2e and PCO2e). To this end, the sample of developing economies is utilized from 1991 to 2016. Further, several advanced techniques are applied for robust findings. The findings reveal that the expansionary and contractionary commercial policies significantly affect CCO2e and PCO2e. Likewise, import taxes also have a significant association with CCO2e and PCO2e. Additionally, the results determine that globalization, labor force, GDP growth, fossil fuel, and renewable energy consumption are the essential drivers of environmental pollution. Besides, the panel causality test establishes a one-way causality which runs from commercial policies, import taxes, globalization, labor force, GDP growth, fossil fuel, and renewable energy consumption to CCO2e and PCO2e. Based on the findings, some relevant implications are also suggested.

Suggested Citation

  • Zhu Weimin & Muhammad Zubair Chishti, 2021. "Toward Sustainable Development: Assessing the Effects of Commercial Policies on Consumption and Production-Based Carbon Emissions in Developing Economies," SAGE Open, , vol. 11(4), pages 21582440211, December.
    • Handle: RePEc:sae:sagope:v:11:y:2021:i:4:p:21582440211061580
    DOI: 10.1177/21582440211061580
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    Cited by:

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    2. Jahanger, Atif & Zubair Chishti, Muhammad & Chukwuma Onwe, Joshua & Awan, Ashar, 2022. "How far renewable energy and globalization are useful to mitigate the environment in Mexico? Application of QARDL and spectral causality analysis," Renewable Energy, Elsevier, vol. 201(P1), pages 514-525.
    3. Chishti, Muhammad Zubair & Patel, Ritesh, 2023. "Breaking the climate deadlock: Leveraging the effects of natural resources on climate technologies to achieve COP26 targets," Resources Policy, Elsevier, vol. 82(C).
    4. Muhammad Zubair Chishti, 2023. "COVID-19 and FDI nexus in Pakistan: fresh evidence from QARDL and time-varying casualty techniques," Future Business Journal, Springer, vol. 9(1), pages 1-18, December.
    5. Kifayat Ullah & Muhammad Zubair Chishti, 2023. "Spatial distribution of poverty in Pakistan: an asset-based approach," Future Business Journal, Springer, vol. 9(1), pages 1-20, December.
    6. Liguo, Xin & Ahmad, Manzoor & Khan, Shehzad & Haq, Zahoor Ul & Khattak, Shoukat Iqbal, 2023. "Evaluating the role of innovation in hybrid electric vehicle-related technologies to promote environmental sustainability in knowledge-based economies," Technology in Society, Elsevier, vol. 74(C).
    7. Muhammad Zubair Chishti & Daniel Balsalobre Lorente & Umit Bulut, 2024. "Exploring the Nexus Between Information And Communication Technologies, Globalization, Terrorism, and Tourism for South Asian Economies," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 1318-1343, March.
    8. Chishti, Muhammad Zubair & Arfaoui, Nadia & Cheong, Calvin W.H., 2023. "Exploring the time-varying asymmetric effects of environmental regulation policies and human capital on sustainable development efficiency: A province level evidence from China," Energy Economics, Elsevier, vol. 126(C).
    9. Vaishali S. Dhingra, 2023. "Financial development, economic growth, globalisation and environmental quality in BRICS economies: evidence from ARDL bounds test approach," Economic Change and Restructuring, Springer, vol. 56(3), pages 1651-1682, June.
    10. Muhammad Zubair Chishti & Eyup Dogan, 2024. "Analyzing the determinants of renewable energy: The moderating role of technology and macroeconomic uncertainty," Energy & Environment, , vol. 35(2), pages 874-903, March.

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