Zia Ur Rahman, 蔡宏波(通讯作者), Manzoor Ahmad. A New Look at the Remittances-FDI-Energy-Environment Nexus in the Case of Selected Asian Nations. Singapore Economic Review, 2019, https://doi.org/10.1142/S0217590819500176.

Abstract:

This study investigates the association between remittances, FDI, energy use, and CO2 emissions for a sample of the top six Asian nations receiving remittances, namely, China, India, the Philippines, Pakistan, Bangladesh, and Sri Lanka, during the1982-2014 period. The results of employing an autoregressive distributed lag (ARDL)-bound technique signify that there is a stable long-run association among the stated variables. The empirical findings indicate that CO2 increases significantly with a rise in energy use in all sample nations in both the long and short-runs. Conversely, the association between CO2 emissions and remittances is found to be significantly positive for SriLanka, Pakistan, the Philippines, and Bangladesh in the long-run, positive for Pakistan, the Philippines, and Sri Lanka only in the short-term, and non significant for India and China in both the long and short-runs. Furthermore, the empirical results illustrate that the inflow of FDI significantly increases CO2 emissions in the cases of China, SriLanka, and India in both the long and short-runs. While FDI inflow has no significant effect on CO2 emissions for the Philippines and Pakistan, it has a significant negative effect for Bangladesh in both the long and short-runs. Thus, the connection between remittances, FDI, and CO2 emissions varies significantly across the countries considered in our study.