Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis
The current study aims at studying the asymmetric nexus between foreign direct investment (FDI), foreign remittances inflow (RMIT), and ecological footprint (EF) for Pakistan from 1976Q1-2020Q4. To this end, our article deploys Morlet’s wavelet method. Simply, the recent paper employs Wavelet Cohere...
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| Format: | Article |
| Language: | English |
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Elsevier
2023-06-01
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| Series: | Research in Globalization |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2590051X22000302 |
| _version_ | 1797804615396229120 |
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| author | Muhammad Zubair Chishti |
| author_facet | Muhammad Zubair Chishti |
| author_sort | Muhammad Zubair Chishti |
| collection | DOAJ |
| description | The current study aims at studying the asymmetric nexus between foreign direct investment (FDI), foreign remittances inflow (RMIT), and ecological footprint (EF) for Pakistan from 1976Q1-2020Q4. To this end, our article deploys Morlet’s wavelet method. Simply, the recent paper employs Wavelet Coherence Transform (WCT), Partial and Multiple Wavelet Coherence (PWC & MWC) to divulge the dynamic nexus among the series under study. With respect to frequency and time domains, the significant wavelet coherence and robust lead-lag association are inferred. Furthermore, FDI exhibits a strong co-movement with EF, implying that variations in the FDI inflows are highly sensitive to the environment. Likewise, RMIT demonstrates a significant association with EF. Besides, the frequency domain causality test validates our findings by confirming the causal links of FDI and RMIT with EF. Based on the results, some salient policies are suggested to tackle the exigency of environmental pollution. |
| first_indexed | 2024-03-13T05:39:51Z |
| format | Article |
| id | doaj.art-b837a18bcc7248958e43a4969bb870a4 |
| institution | Directory Open Access Journal |
| issn | 2590-051X |
| language | English |
| last_indexed | 2024-03-13T05:39:51Z |
| publishDate | 2023-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Research in Globalization |
| spelling | doaj.art-b837a18bcc7248958e43a4969bb870a42023-06-14T04:34:06ZengElsevierResearch in Globalization2590-051X2023-06-016100109Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysisMuhammad Zubair Chishti0School of Business, Zhengzhou University, Henan 450001, China; School of Economics, Quaid I Azam University, Islamabad, Pakistan; Department of Economics, University of Chakwal, Punjab, PakistanThe current study aims at studying the asymmetric nexus between foreign direct investment (FDI), foreign remittances inflow (RMIT), and ecological footprint (EF) for Pakistan from 1976Q1-2020Q4. To this end, our article deploys Morlet’s wavelet method. Simply, the recent paper employs Wavelet Coherence Transform (WCT), Partial and Multiple Wavelet Coherence (PWC & MWC) to divulge the dynamic nexus among the series under study. With respect to frequency and time domains, the significant wavelet coherence and robust lead-lag association are inferred. Furthermore, FDI exhibits a strong co-movement with EF, implying that variations in the FDI inflows are highly sensitive to the environment. Likewise, RMIT demonstrates a significant association with EF. Besides, the frequency domain causality test validates our findings by confirming the causal links of FDI and RMIT with EF. Based on the results, some salient policies are suggested to tackle the exigency of environmental pollution.http://www.sciencedirect.com/science/article/pii/S2590051X22000302Ecological footprintFDIRemittancesPartial and multiple wavelet coherencePakistan |
| spellingShingle | Muhammad Zubair Chishti Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis Research in Globalization Ecological footprint FDI Remittances Partial and multiple wavelet coherence Pakistan |
| title | Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis |
| title_full | Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis |
| title_fullStr | Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis |
| title_full_unstemmed | Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis |
| title_short | Exploring the dynamic link between FDI, remittances, and ecological footprint in Pakistan: Evidence from partial and multiple wavelet based-analysis |
| title_sort | exploring the dynamic link between fdi remittances and ecological footprint in pakistan evidence from partial and multiple wavelet based analysis |
| topic | Ecological footprint FDI Remittances Partial and multiple wavelet coherence Pakistan |
| url | http://www.sciencedirect.com/science/article/pii/S2590051X22000302 |
| work_keys_str_mv | AT muhammadzubairchishti exploringthedynamiclinkbetweenfdiremittancesandecologicalfootprintinpakistanevidencefrompartialandmultiplewaveletbasedanalysis |