Department of Finance, University of Ilorin, Kwara State, Nigeria.
Nottingham University Business School, University of Nottingham, Ningbo, China.
J Environ Manage. 2021 Mar 1;281:111892. doi: 10.1016/j.jenvman.2020.111892. Epub 2021 Jan 8.
Despite the burgeoning literature on the globalization-environmental degradation nexus, this area of empirical interest is still riddled with ambiguity. Thus, based on an extended Stochastic Impacts by Regression on Population, Affluence and Technology (STIRPAT) model, we re-investigate the effect of globalization on environmental degradation for 27 selected industrialized countries over the period 1991-2016. More specifically, we shed light into how overall globalization and its various components - economic, social and political globalization - affect environmental degradation. We advance existing literature by considering a measurement approach which disaggregates overall, economic, social and political globalization into their de facto and de jure aspects. Using the augmented mean group estimator, we find that overall and economic globalization reduce environmental degradation while social and political globalization do not exert any significant effect on globalization. With respect to the de facto and de jure aspects, we observe that, while only de facto economic globalization mitigates environmental degradation, de jure overall, economic and social globalization also dampen environmental degradation. We provide some policy implications in the end.
尽管关于全球化与环境退化关系的文献不断涌现，但这一实证研究领域仍然存在诸多不确定性。因此，我们基于扩展的人口、富裕程度和技术对冲击的随机影响（STIRPAT）模型，重新考察了 1991 年至 2016 年期间 27 个选定工业化国家的全球化对环境退化的影响。更具体地说，我们研究了总体全球化及其各个组成部分——经济、社会和政治全球化——如何影响环境退化。我们通过考虑将总体、经济、社会和政治全球化分解为其实践和法律方面的衡量方法，推进了现有文献。使用扩充的均值组估计量，我们发现总体和经济全球化减少了环境退化，而社会和政治全球化对全球化没有任何显著影响。关于实践和法律方面，我们观察到，虽然只有实践经济全球化减轻了环境退化，但法律上的总体、经济和社会全球化也减轻了环境退化。最后，我们提出了一些政策含义。
