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Analyzing the Dynamics of Energy Consumption, Liberalization, Financial Development, Poverty and Carbon Emissions in Pakistan
Journal of Applied Environmental and Biological Sciences (2015)
  • Sharafat Ali
  • Hamid Waqas
  • Najid Ahmad
Abstract
Environmental degradation has been a major source of concern for the developing countries of the world especially during last two decades. The environmental quality has become on stake in the process of achieving prime objectives of higher and sustained economic growth, employment generation and poverty alleviation. Extended levels of consumption of fossil fuels coupled with the human induced greenhouse gases have put a heavy toll on the environmental quality that resulted in serious and unprecedented issue of non-renewable natural resource depletion and global warming. Keeping in mind the notion that, in the era of globalized and liberalized world economy, analysis of environment-growth nexus would not clear the picture unless implications of international trade, flows of foreign direct investment, financial development and poverty levels are taken into consideration. So this study is attempt to analyze the impact of energy consumption, economic growth, financial development, economic globalization along with poverty incidence measured by poverty head count ratio on carbon emissions in Pakistan economy. A long run equilibrium association has been found between carbon emissions and regressors in the carbon emission model. Long run and short run causality have been found between the variables.
Keywords
  • Carbon Emissions,
  • Environmental Kuznets Curve,
  • Energy Consumption,
  • Growth,
  • Trade Liberalization,
  • Foreign Direct Investment,
  • Poverty,
  • Environmental Degradation,
  • Pakistan.
Publication Date
Spring April 1, 2015
Citation Information
Sharafat Ali, Hamid Waqas and Najid Ahmad. "Analyzing the Dynamics of Energy Consumption, Liberalization, Financial Development, Poverty and Carbon Emissions in Pakistan" Journal of Applied Environmental and Biological Sciences Vol. 5 Iss. 4 (2015)
Available at: http://works.bepress.com/sharafatali/17/