Economic Growth and Environmental degradation nexus in Sri Lanka

M. K. Alabi; M. A. Ojuolape; J. Yaqoob

doi:10.4038/sljssh.v1i2.45

Globalization, Poverty, Environmental Degradation and Economic Growth Nexus: Empirical Analysis of SAARC Regions

Studies of Applied Economics ◽

10.25115/eea.v39i1.3757 ◽

2020 ◽

Vol 39 (1) ◽

Author(s):

Adiqa Kiani ◽

Ejaz Ullah ◽

Khair Muhammad

Keyword(s):

Economic Growth ◽

Sri Lanka ◽

Empirical Analysis ◽

Environmental Degradation ◽

Negative Relationship ◽

Policy Makers ◽

Significant Negative Relationship ◽

The Impact

The main objective of this study is to investigate the impact of poverty, globalization, and environmental degradation on economic growth in the selected SAARC countries. This study is employed panel Autoregressive Distributive Lag (ARDL) technique for empirical analysis using selected SAARC regions including India, Pakistan, Bangladesh, Nepal and Sri Lanka over the period of 1980 to 2018. Globalization impacts economic growth positively and significantly. In addition to this the significant negative relationship is found between population and economic growth. The results show that poverty is positively related with environmental degradation. Furthermore, the results indicate that globalization is positively and significantly associated with environmental degradation in the SAARC region. Finally, the results show that urbanization is positive and significantly associated with environmental degradation, which could be the serious concerns for the policy makers to control.

Download Full-text

Globalization, Poverty, Environmental Degradation and Economic Growth Nexus: Empirical Analysis of SAARC Regions

Studies of Applied Economics ◽

10.25115/eea.v39i2.3757 ◽

2021 ◽

Vol 39 (2) ◽

Author(s):

Adiqa Kiani ◽

Ejaz Ullah ◽

Khair Muhammad

Keyword(s):

Economic Growth ◽

Sri Lanka ◽

Empirical Analysis ◽

Environmental Degradation ◽

Negative Relationship ◽

Policy Makers ◽

Significant Negative Relationship ◽

The Impact

The main objective of this study is to investigate the impact of poverty, globalization, and environmental degradation on economic growth in the selected SAARC countries. This study is employed panel Autoregressive Distributive Lag (ARDL) technique for empirical analysis using selected SAARC regions including India, Pakistan, Bangladesh, Nepal and Sri Lanka over the period of 1980 to 2018. Globalization impacts economic growth positively and significantly. In addition to this the significant negative relationship is found between population and economic growth. The results show that poverty is positively related with environmental degradation. Furthermore, the results indicate that globalization is positively and significantly associated with environmental degradation in the SAARC region. Finally, the results show that urbanization is positive and significantly associated with environmental degradation, which could be the serious concerns for the policy makers to control.

Download Full-text