Impact of Industrial Production and FDI on CO2 Emissions in Pakistan
The impact of industrial growth and Foreign Direct Investment (FDI) on Carbon Dioxide (CO2) emission is not an ignorable issue. The environmental issues have always affected the developing countries. In this study, an effort is made to identify the impact of industrial growth and FDI on CO2 emission in Pakistan covering the time period 1980 to 2020. To do the analyses, econometric technique of Autoregressive Distributed Lag (ARDL) is used. Results show that the energy depletion, industrial value added, and FDI have negative impact on CO2 emission. Therefore, the suggestion is to frame worry less policy in entertaining these sources of economic growth since are altogether efficient in having no traces of negative effects on environment.
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