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Impact of globalization on the environment in major CO2-emitting countries: Evidence using bootstrap ARDL with a
Cheng-Feng Wu1,2,3, Tsangyao Chang4,5, Tsung-Pao Wu6
1Research Center of Hubei Logistics Development, Hubei University of Economics, Wuhan, China.
Frontiers in Public Health
|September 26, 2022
Summary
Globalization impacts the environment differently across nations. While beneficial for the US and India in the short term, it degrades China
Area of Science:
- Environmental science
- Economics
- Sustainable development
Background:
- Globalization significantly impacts environmental issues, necessitating analysis beyond trade.
- Economic, social, and political factors are crucial for sustainable development.
- Time series models with breaks reflect real-world complexities.
Purpose of the Study:
- To reexamine the nexus between globalization and environmental quality.
- To analyze these impacts in China, the United States, and India.
- To inform sustainable development strategies.
Main Methods:
- Utilized the bootstrap autoregressive-distributed lag (ARDL) test.
- Incorporated a Fourier function to model time series breaks.
- Analyzed data for China, the United States, and India.
Main Results:
- Long-term cointegration between globalization and environment in the US.
- Short-term environmental improvement from globalization in the US and India.
- Environmental degradation linked to globalization in China.
Conclusions:
- Globalization's environmental effects are country-specific.
- Policy interventions must consider national contexts for sustainable development.
- Findings aid policymakers in crafting targeted environmental strategies.
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