http://dx.doi.org/10.31703/ger.2021(VI-I).18
10.31703/ger.2021(VI-I).18
Published : Mar 2021
Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis
The public concern over the environmental degradation has received an increasing interest of the researchers in the last few decades. This paper intends to scrutinize the EKC hypothesis within the framework of the ARDL model over the period of 1976-2020. Along with ECM, different types of appropriate tests are also carried for the purpose of diagnosing the data and recognizing the pattern of causality. Findings reveal that growth in GDP per capita deteriorates the carbon emission at the initial stages of development but as economy grows it then helps in improving the quality of the environment. For environmental sustainability, the required level of growth threshold is calculated to be 4.61 Percent. This study also finds one-way causality running from GDP and energy consumption to CO2. Findings suggest that policymakers should concentrate on enhancing the consumption of renewable energies, implementing carbon-cutting policies in industries, and boosting the level of per capita income.
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Economic Sustainablity, CO2 Emisison, Pakistan, EKC Hypothesis, ARDL Model, GDP
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(1) Minhajuddin
Assistant Professor, Department of Economics, Faculty of Business and Economics, Abdul Wali Khan University Mardan, KP, Pakistan
(2) Sumaira
Lecturer in Economics, Higher Education Department, KP, Pakistan
(3) Brekhana Gul
Lecturer, Department of Economics, Faculty of Business and Economics, Abdul Wali Khan University Mardan, KP, Pakistan.
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Cite this article
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APA : Minhajuddin., Sumaira., & Gul, B. (2021). Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis. Global Economics Review, VI(I), 239 - 251. https://doi.org/10.31703/ger.2021(VI-I).18
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CHICAGO : Minhajuddin, , Sumaira, and Brekhana Gul. 2021. "Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis." Global Economics Review, VI (I): 239 - 251 doi: 10.31703/ger.2021(VI-I).18
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HARVARD : MINHAJUDDIN., SUMAIRA. & GUL, B. 2021. Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis. Global Economics Review, VI, 239 - 251.
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MHRA : Minhajuddin, , Sumaira, and Brekhana Gul. 2021. "Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis." Global Economics Review, VI: 239 - 251
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MLA : Minhajuddin, , Sumaira, and Brekhana Gul. "Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis." Global Economics Review, VI.I (2021): 239 - 251 Print.
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OXFORD : Minhajuddin, , Sumaira, , and Gul, Brekhana (2021), "Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis", Global Economics Review, VI (I), 239 - 251
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TURABIAN : Minhajuddin, , Sumaira, and Brekhana Gul. "Economic Sustainability and CO2 Emission in Pakistan: Revisiting the EKC Hypothesis." Global Economics Review VI, no. I (2021): 239 - 251. https://doi.org/10.31703/ger.2021(VI-I).18