Abstract – AOCRJ-V4I1P2

Globalization and Environmental Degradation: Sustainable
Growth in Pakistan

Furqan Sikandar


Abstract:
The purpose of the research is to identify the impact of environmental degradation and globalization on sustainable growth in the Pakistani context. After succinct review of literature gross domestic product has been taken as a predictor of increase in sustainable economic growth. Environmental degradation has been measured by two indicators 1-CO2 emissions from residential buildings and commercial and public services and 2-CO2 emissions from transport have been used as environmental degradation proxies. For globalization proxy trade openness (import and
export divided by GNI) has been used in present study.
Error correction representation of ARDL model and ARDL approach to cointegration has been used in present study using annual time series data from 1980 to 2010. Findings suggest that TO is the most significant determinant of sustainable economic growth of Pakistan in both short run and long run. On the other side environmental degradation does not affect economic growth of Pakistan both in short and long run. Results suggests that the government of Pakistan should device such policies to promote the level of TO in Pakistan. This decision will support the country to grow its economy by increasing trade with other countries and increase opportunities by introducing incentives for business communities..

Key Words: Sustainable Growth, Gross domestic products, environmental degradation, trade openness, CO2 emissions, globalization

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