Globalisation and Carbon Emission: Lessons from the Developing Economies

Abstract

This chapter empirically investigates the dynamic effects of globalisation on carbon emission in developing countries across the globe, experiencing a high-speed engine of globalisation over the last two decades. The allied existing literature discussed this issue mainly from the angles of economic expansions and integration of the global economy. However, some relevant factors like trade, financial, interpersonal and informational issues and cultural and politics should be highlighted in order to explore their possible influences on the high rate of carbon emission in the developing world under the modern epoch of globalisation. In this regard, this chapter utilises the World Bank World Development Indicators (WDI) (2020) and KOF Globalisation Index (2020) databases on selected 75 developing nations over the period of 2001–2018 to employ the dynamic panel econometric methods. The robust difference in generalised method of moments (GMM) estimates implies that trade is more harmful to high levels of carbon emissions in developing economies than all other components of globalisation.

Citation

Sinha, M. (2023), "Globalisation and Carbon Emission: Lessons from the Developing Economies", Kumar Pal, M. (Ed.) The Impact of Environmental Emissions and Aggregate Economic Activity on Industry: Theoretical and Empirical Perspectives, Emerald Publishing Limited, Leeds, pp. 169-181. https://doi.org/10.1108/978-1-80382-577-920231013