Globalization and Carbon Constrained Global Economy: A Fad or a Trend?

Lee, Ki Hoon; Min, Byung-Seong

doi:10.1080/10599231.2014.904181

Cited by 88 publications

(34 citation statements)

References 23 publications

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“…In their findings, the authors argue that only an effective implementation of environmental quality regulations can bring an improved environmental quality to the Chinese economy. Subsequently, Lee and Min (2014) consider broadly defined globalization as one of the determinants in enhancing the environmental health for developed and developing countries. Shahbaz et al (2015b) find globalization to be helpful for the Australian economy as far as the environmental quality is concerned.…”

Section: Related Studiesmentioning

confidence: 99%

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Testing the globalization-driven carbon emissions hypothesis: International evidence

Shahbaz

Mahalik

Shahzad

et al. 2019

International Economics

145

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We empirically investigate the dynamic relationship between globalization and CO2 emissions for 87 (high, middle and low-income) countries. We utilize the cross-correlation approach to examine the well-known EKC hypothesis between globalization and environmental degradation. The results validate the inverted U-shaped EKC hypothesis for 16 (approximately 18%) from the high-and middle-income countries only, thereby highlighting that a rise in globalization will decrease carbon emissions for these countries in the future. On contrary, the results also confirm the U-shaped relationship between globalization and environmental degradation for 8% of the countries. The remaining countries do not have a U-or an inverted Ushaped relationship between globalization and CO2 emissions. Policy implications are also discussed.

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Section: Related Studiesmentioning

confidence: 99%

“…4 See , Aichele and Felbermayr (2012), Shahbaz et al (2015a). 5 See Christmann and Taylor (2001), Shin (2004), Lee and Min (2014); Ling et al (2015), Shahbaz et al (2015b). opponents of globalization claim that it is harmful because it leads to a deterioration in the quality of the environment through increasing CO2 emissions.…”

Section: Introductionmentioning

confidence: 99%

Testing the globalization-driven carbon emissions hypothesis: International evidence

Shahbaz

Mahalik

Shahzad

et al. 2019

International Economics

145

View full text Add to dashboard Cite

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“…Some common examples include environmental management systems, pollution prevention, reuse and recycling, energy efficiency, and carbon management. However, the fundamental question now facing corporate managers is how these activities and strategies to reduce environmental impacts affect business performance (McWilliams and Siegel, 2000;Menguc and Ozanne, 2005;Orlitzky et al, 2003;Lee and Min, 2014).…”

Section: Introductionmentioning

confidence: 99%

Green R&D for eco-innovation and its impact on carbon emissions and firm performance

Lee

Min

2015

Journal of Cleaner Production

Self Cite

811

378

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Keywords:Green research and development (R&D) Eco-innovation Resource-based view Natural resource-based view Carbon emissions Firm performance a b s t r a c t Over the past four decades, the results of the debates about the relationship between corporate environmental performance and corporate financial performance have remained inconclusive, due to the lack of theoretical underpinning and availability of data. This paper examines the impact of green research and development investment for eco-innovation on environmental and financial performance. The research is based on the resource-based view and the natural resource-based view, which explicitly recognize the importance of resources and capabilities. Using a sample of Japanese manufacturing firms during the period of 2001e2010, the study focuses on green research and development investment as a key proxy of eco-innovation and carbon emissions in environmental performance. Our results show the presence of a negative relationship between green research and development and carbon emissions, while green research and development is positively related to financial performance at the firm level. Our findings explicitly support that, in order for firms to adopt a proactive environmental strategy to manage their environmental and financial performance to the best advantage, they urgently need to organise unique resources and capabilities. The findings of this study provide valuable insights and basis of scientific debate on how firms to engage unique organizational resources and capabilities for superior corporate environmental and financial performance.

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“…Their empirical findings reveal that globalization is detrimental to environmental quality. Using panel data for 255 countries, Lee and Min [21] examine the effect of globalization on carbon emissions, reporting that globalization benefits environmental quality. Shahbaz et al [40] report that globalization is beneficial for environmental quality in the Chinese economy.…”

Section: Environmental Degradation-globalizationmentioning

confidence: 99%

Is Globalization Detrimental to CO2 Emissions in Japan? New Threshold Analysis

Shahbaz

Shahzad

Mahalik

2017

Environ Model Assess

210

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Using annual data 1970Using annual data -2014, this paper examines the effects of globalization on CO2 emissions in Japan while accounting for economic growth and energy consumption as potential determinants of carbon emissions. The structural breaks and asymmetries arising due to policy shifts require attention and hence an asymmetric threshold version of the ARDL model is utilized. The results show the presence of threshold asymmetric cointegration between the variables. The threshold-based positive and negative shocks arising in globalization increase carbon emissions, while the impact of the latter is more profound. Energy consumption (economic growth) also has a significant positive effect on carbon emissions. Globalization, economic growth and energy consumption significantly increase carbon emissions in the short run. We suggest that policy makers in Japan should consider globalization and energy consumption as policy tools while formulating their policies towards protecting sustainable environmental quality in the long run. Otherwise, the Japanese economy may continue to face environmental consequences such as undesirable climate change and massive warming at the micro and macro levels as a result of potential shocks arising from globalization and energy consumption.Keywords: Carbon emissions, energy consumption, globalization, threshold NARDL Acknowledgement: This paper is produced with no funding from any organizations.2

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Globalization and Carbon Constrained Global Economy: A Fad or a Trend?

Cited by 88 publications

References 23 publications

Testing the globalization-driven carbon emissions hypothesis: International evidence

Testing the globalization-driven carbon emissions hypothesis: International evidence

Green R&D for eco-innovation and its impact on carbon emissions and firm performance

Is Globalization Detrimental to CO2 Emissions in Japan? New Threshold Analysis

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