Punjab Economic Policy Research Institute, Lahore, Pakistan.
Pakhtunkhwa Economic Policy Research Institute, Abdul Wali Khan University, Mardan, Pakistan.
Environ Sci Pollut Res Int. 2021 Sep;28(35):48799-48807. doi: 10.1007/s11356-021-14164-2. Epub 2021 Apr 30.
This study investigates the role of energy consumption in environmental degradation and checks the validity of the environmental Kuznets curve (EKC) and pollution haven hypothesis (PHH) for the South Asian economies. The model is also controlled for population growth. The dynamic panel data model is estimated through Fully Modified Ordinary Least Square (FMOLS) rigorously. The results reject the possibility of the existence of EKC but ensure the prevalence of PHH. The study suggests that the South Asian countries should focus on attracting clean foreign investment, whereas the renewable energy production is critical for climate change mitigation. The study also stresses the financial institutions' active role in providing easy loans for promoting research and development in environmentally friendly production practices.
本研究旨在探讨能源消耗在环境恶化中的作用，并检验环境库兹涅茨曲线（EKC）和污染避难所假说（PHH）在南亚经济体中的有效性。该模型还控制了人口增长。通过严格的全修正最小二乘法（FMOLS）估计了动态面板数据模型。结果否定了 EKC 存在的可能性，但证实了 PHH 的普遍性。该研究表明，南亚国家应该专注于吸引清洁外国投资，而可再生能源生产对于缓解气候变化至关重要。该研究还强调了金融机构在提供便利贷款方面的积极作用，以促进环保生产实践的研发。
