A NEW ECONOMIC DIMENSION TO THE ENVIRONMENTAL KUZNETS CURVE: ESTIMATION OF ENVIRONMENTAL EFFICIENCY IN CASE OF PAKISTAN
Journal Title: Asian Economic and Financial Review - Year 2014, Vol 4, Issue 1
Abstract
This study attempts to examine the linkage between environmental degradation and economic growth in Pakistan over the period 1972-2011. The main concern of this study is to test the validity of Environmental Kuznets Curve in case of Pakistan and aims to find out the total and per capita carbon efficiency of Pakistan. Moreover, this study estimates the tipping point of environmental Kuznets curve in case of Pakistan. The study used Autoregressive Distributed Lag (ARDL) model to determine the robustness of long-run relationship among environmental degradation and economic growth. The results show that the inverted U-shaped relationship between economic growth and environmental degradation is valid in case of Pakistan. The values of total carbon efficiency for Pakistan is 47.69 and per capita carbon efficiency for Pakistan is 0.0002, which are relatively low as compare to other developing and developed countries like in the region. The Tipping Point of EKC in case of Pakistan is 338.34. This study recommends that government should keep into consideration the sustainable economic policies with environmental policies, as environmental sustainability largely based on the economic conditions and economic policies adopted by the countries.
Authors and Affiliations
Shahid ALI| Lecturer in Economics, Institute of Economic, Social and Development Studies University of Swat, Maryam BIBI| Department of Environmental Sciences, International Islamic University, Islamabad, Fazli RABBI| Assistant Professor in Economics, Institute of Economic, Social and DevelopmentStudies University of Swat
Keywords
Related Articles
- EP ID EP1993
- DOI -
- Views 388
- Downloads 25
POLICIES AND EFFECTIVENESS OF FOREIGN AID: THE CASE OF SRI LANKA
This empirical study investigates foreign aid’s effectiveness in stimulating growth by considering economic policies and the factors that influenced aid flow in Sri Lanka during the period of 1980-2008. For both analyses...
The Technical Efficiency of Nigerian Banks
This study provides an insight into the technical efficiency of Nigerian banks. The Data Envelopment Analysis (DEA) approach was employed to derive the efficiency scores of the various banks. A total of 67 banks, made up...
DERIVATIVE USE OF TURKISH INVESTMENT FUNDS DURING THE 2008-09 FINANCIAL CRISIS
This paper centers on the question of how derivatives were utilized by investment fund managers in the course of 2008-09 global financial crisis. In this vein, we analyze investment funds defined as mutual funds and inve...
DOES TRADE WITH LABOUR SENDING COUNTRIES REDUCE DEMAND FOR MIGRANT WORKERS: A LESSON FROM MALAYSIA
This paper has three objectives. The first objective is to examine the long-run relationships among exports, imports, income and demand for migrant workers. This is followed by a causality test between these variables as...
SAVINGS, FOREIGN DIRECT INVESTMENT INFLOWS AND ECONOMIC GROWTH IN EMERGING ASIAN ECONOMIES
Saving rate is one of the important elements of all the theories of economic growth and foreign direct investment inflows also became an important determinant of economic growth together with the globalization process as...