The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India
This study investigates the effects of India's economic growth, industrial development, fossil fuel energy output, financial development and globalisation on CO2 emissions. Using annual time series data from 1971 to 2019, the study used Non-Linear autoregressive distributive lag (NARDL) to exam...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Elsevier
2023-11-01
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| Series: | International Journal of Thermofluids |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666202723001143 |
| _version_ | 1797401696983318528 |
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| author | Nikunj Patel Dhyani Mehta |
| author_facet | Nikunj Patel Dhyani Mehta |
| author_sort | Nikunj Patel |
| collection | DOAJ |
| description | This study investigates the effects of India's economic growth, industrial development, fossil fuel energy output, financial development and globalisation on CO2 emissions. Using annual time series data from 1971 to 2019, the study used Non-Linear autoregressive distributive lag (NARDL) to examine the relationship. The findings show a long-term association between CO2 emissions and other factors. While industrialization and economic expansion have a large and long-term positive impact on CO2, globalisation considerably cuts CO2 emissions. The study's findings add to the pool of knowledge by presenting fresh data on the connection between environmental factors and developmental measures. These findings are crucial for policymakers and governmental agencies to focus on economic development without endangering environmental damage. India has to enact laws that support cleaner production practises and the growth of non-polluting sectors in order to uphold its commitment to sustainability. It must also discourage CO2 emitting industries concurrently. |
| first_indexed | 2024-03-09T02:13:50Z |
| format | Article |
| id | doaj.art-83ecd052f4b74cfa90b80f5f0630f25b |
| institution | Directory Open Access Journal |
| issn | 2666-2027 |
| language | English |
| last_indexed | 2024-03-09T02:13:50Z |
| publishDate | 2023-11-01 |
| publisher | Elsevier |
| record_format | Article |
| series | International Journal of Thermofluids |
| spelling | doaj.art-83ecd052f4b74cfa90b80f5f0630f25b2023-12-07T05:30:37ZengElsevierInternational Journal of Thermofluids2666-20272023-11-0120100397The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in IndiaNikunj Patel0Dhyani Mehta1Institute of Management, Nirma University, Ahmedabad, 382481, IndiaDepartment of Economics and Social Science, School of Liberal Studies, Pandit Deendayal Energy University, Gandhinagar, 382426, India; Corresponding author.This study investigates the effects of India's economic growth, industrial development, fossil fuel energy output, financial development and globalisation on CO2 emissions. Using annual time series data from 1971 to 2019, the study used Non-Linear autoregressive distributive lag (NARDL) to examine the relationship. The findings show a long-term association between CO2 emissions and other factors. While industrialization and economic expansion have a large and long-term positive impact on CO2, globalisation considerably cuts CO2 emissions. The study's findings add to the pool of knowledge by presenting fresh data on the connection between environmental factors and developmental measures. These findings are crucial for policymakers and governmental agencies to focus on economic development without endangering environmental damage. India has to enact laws that support cleaner production practises and the growth of non-polluting sectors in order to uphold its commitment to sustainability. It must also discourage CO2 emitting industries concurrently.http://www.sciencedirect.com/science/article/pii/S2666202723001143NARDLFinancial developmentEconomic growthIndustrial growthGlobalisationCarbon emissions |
| spellingShingle | Nikunj Patel Dhyani Mehta The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India International Journal of Thermofluids NARDL Financial development Economic growth Industrial growth Globalisation Carbon emissions |
| title | The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India |
| title_full | The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India |
| title_fullStr | The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India |
| title_full_unstemmed | The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India |
| title_short | The asymmetry effect of industrialization, financial development and globalization on CO2 emissions in India |
| title_sort | asymmetry effect of industrialization financial development and globalization on co2 emissions in india |
| topic | NARDL Financial development Economic growth Industrial growth Globalisation Carbon emissions |
| url | http://www.sciencedirect.com/science/article/pii/S2666202723001143 |
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