Affiliation:
1. Xuchang University School of Business
2. Government College University Lahore Faculty of Arts and Social Sciences
Abstract
Abstract
This study evaluates the dynamic analysis among the fossil fuels utilization, economic growth, globalization, urbanization, and CO2 emissions of selected tri-regional countries i.e., American, European, and Pacific-Asian. The time period of the panel is 1990 to 2021. The cross-sectional dependence and data heterogeneity have been confirmed by two tests of Pesaran (2004, 2015). The cross-section dependence unit root test (Pesaran, 2007) established mix order of integration of variables. CS-ARDL panel cointegration methodology (Chudik and Pesaran, 2015) indicates that all variables had triggered CO2 emissions except FDI. Hence, FDI caused reduction in the emissions of CO2 and improved the environmental quality of these regions.
Publisher
Research Square Platform LLC
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