How Tourism Affects Women's Employment in Asian Countries: An Application of GMM and Quantile Regression

2023

JESCAE

Bangladesh receives the second-most foreign direct investment in South Asia. Over the past 30 years, Bangladesh's economy has expanded tremendously because of increased investment from several foreign countries. Although it can be beneficial in certain ways including the generation of new jobs, the improvement of infrastructure, and the equalization of economic rewards across the population; foreign direct investment has unintended consequences, such as ecological damage. In light of this, it is worth exploring the effects of foreign direct investment on sustainable development in Bangladesh. Using the most up-to-date annual data between 1990 and 2019, this study investigated the evidence of the Environmental Kuznets Curve and the Pollution Haven Hypothesis in Bangladesh. To assess the effects of economic growth, foreign direct investment, energy use, and trade on carbon dioxide emissions, this research employed the autoregressive distributed lag method. The empirical results indicated that the country has an inverted U-shaped Environmental Kuznets Curve and the adverse impact of foreign direct investment on the environment confirmed the validity of the Pollution Haven Hypothesis in Bangladesh. The results paint a bleak picture, sounding an alarm for policymakers to pay closer attention to the ways in which development leads to increased carbon emissions and how multinational companies operating within the country worsen the situation. That's why it's important to subject foreign investors to stringent environmental regulations. In addition, the nation's economic expansion should be guided by sustainable development goals.

Section: Trade and Co2 Emissionmentioning

confidence: 99%

Exploring Environmental Kuznets Curve and Pollution Haven Hypothesis in Bangladesh: The Impact of Foreign Direct Investment

2023

JESCAE

“…This outcome can be anticipated on the basis of the fact that the majority of emerging economies, including Uruguay, have enjoyed significant economic expansion over the course of the past decade while also rising their levels of CO2 emission. An overreliance on fossil fuels to fulfill the requirements of the business and residential sectors is a primary contributor to increased CO2 emissions (Voumik et al, 2022b). The implications of Uruguay's severe environmental repercussions of economic expansion are demonstrated to be proven under these conditions.…”

Section: Discussionmentioning

confidence: 99%

Nexus between economic growth, natural resources rents, trade globalization, financial development, and carbon emissions toward environmental sustainability in Uruguay

Electronic. J. Edu. Soc. Econ. Tech.

2023

There have been variances in environmental quality as the globe continues to become a globalized society, however, research including trade globalization into the environmental policy framework remains inconclusive. Using the Uruguayan time series dataset between 1990 and 2020, this study investigated the impact of economic growth, natural resource rents, trade globalization, and financial development on carbon dioxide (CO2) emissions. Using an Autoregressive Distributed Lag (ARDL) model, this inquiry quantifies short- and long-run dynamics. The results of the ARDL bounds test indicate a long-term relationship between carbon emissions and these variables. Additionally, the ARDL short-and long-run analyses demonstrated a positive and statistically significant effect of economic growth, natural resource rents, and trade globalization on Uruguay's CO2 emissions. However, both the short-run and long-run coefficients of financial development are statistically significant and negative, indicating that financial development has no effect on environmental deterioration in Uruguay. Furthermore, by using Fully Modified Ordinary Least Squares (FMOLS), Dynamic Ordinary Least Squares (DOLS), and Canonical Cointegration Regression (CCR), the findings were confirmed. Based on the findings of this study, it is recommended that international trade regulations be reevaluated and export limitations for goods with high levels of pollution are strengthened.

“…When the economy expands, pollution levels tend to rise alongside it. It causes greater pollution, waste, and environmental deterioration as more societal demands are met through consumption and development activities (Voumik et al, 2022b). As a result, economic activities appear to be appropriate for environmental protection and development, rather than posing a threat to long-term environmental quality.…”

Section: Dols Outcomesmentioning

confidence: 99%

The role of renewable energy and technological innovations toward achieving Iceland's goal of carbon neutrality by 2040

Tuspekova

2023

JTIE

Iceland has set a target of becoming carbon neutral by the year 2040, and this study looks into the role that economic growth, renewable energy use, and technological innovation could play in getting them there. The Dynamic Ordinary Least Squares (DOLS) technique was used to analyze time series data from 1990 to 2021. According to the results of the DOLS estimation, a one-percentage-point increase in economic growth is associated with a 0.39% increase in CO2 emissions. Furthermore, increasing the use of renewable energy by 1% is related to a reduction in CO2 emissions of 1.46 percent over the long run, as indicated by the coefficient of renewable energy use being negative and statistically significant. The calculated long-run coefficient of technical innovation is negative and statistically significant, suggesting that a 1% increase in technological innovation results in a 0.02% reduction in CO2 emissions. The empirical results show that as Iceland's economy grows, so do its CO2 emissions, but that the country may get closer to its objective of carbon neutrality through the growing use of renewable energy and technological innovation. Alternative estimators, such as fully modified least squares (FMOLS) and canonical cointegrating regression, do not significantly affect the estimated results (CCR). Furthermore, the pairwise Granger causality test is employed to capture the causal relationship between the variables. In order for Iceland to reach its objective of carbon neutrality by 2040, this article offers policy ideas centered on a low-carbon economy, the promotion of the use of renewable energy sources, and the financing of technical progress.