How do trade and economic growth impact environmental degradation? New evidence and policy implications from the ARDL approach

How do trade and economic growth impact environmental degradation? New evidence and policy implications from the ARDL approach

Due to various environmental degradation and natural resource depletion around the world, researchers’ and policymakers’ attention has turned to what causes environmental degradation. The pursuit of a healthy environment has become a global challenge, a problem that affects more than one nation. Cli...

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Bibliographic Details
Published in:Environmental science and pollution research international Vol. 28; no. 36; pp. 49949 - 49957
Main Authors: Asiedu, Benjamin Ampomah, Gyamfi, Bright A., Oteng, Evans
Format: Journal Article
Language:English
Published: Berlin/Heidelberg Springer Berlin Heidelberg 01-09-2021
Springer Nature B.V
Subjects:
Aquatic Pollution
Atmospheric Protection/Air Quality Control/Air Pollution
Carbon
Climate change
Depletion
Earth and Environmental Science
Economic analysis
Economic development
Economic growth
Economics
Ecotoxicology
Emissions
Environment
Environmental Chemistry
Environmental degradation
Environmental Health
Environmental impact
Environmental science
Impact analysis
Natural resources
Research Article
Resource depletion
Severe weather
Time series
Waste Water Technology
Water Management
Water Pollution Control
Weather
Trade
ARLD approach
Carbon dioxide emissions
Economic growth
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Summary:Due to various environmental degradation and natural resource depletion around the world, researchers’ and policymakers’ attention has turned to what causes environmental degradation. The pursuit of a healthy environment has become a global challenge, a problem that affects more than one nation. Climate change is causing severe weather conditions in every world, disrupting economies and affecting the lives of many people. Hence, the study analyzes how trade and economic growth impact environmental degradation in Belgium, the USA, and Canada using panel data from 1995 to 2016. The study utilized the autoregressive distributed lag approach to provide new evidence and policy implications. The outcome confirmed the presence of cointegration among the selected variables. However, it was observed that economic growth decreases environmental degradation in the long run while trade openness shows a positively insignificant relationship with carbon emission. Nevertheless, a positive short-run relationship was observed between economic growth and carbon emissions whereas a negatively insignificant relationship was observed for trade and carbon emission. The findings prompted policy implications that more trading could be done between the countries. When countries trade more, their economies will flourish, ensuring global prosperity and minimizing environmental degradation.
ISSN:0944-1344
1614-7499
DOI:10.1007/s11356-021-13739-3