TECHNOLOGICAL ROUTES FOR SUSTAINABLE URBANIZATION AND INDUSTRIAL DEVELOPMENT TO REDUCE CLIMATE CHANGE
Keywords:
Urbanization, Urban Land Area, FDI, Trade Openness, ARDL & NARDL Models, East Asian Countries.Abstract
The study has objectives to explore the relationships between renewal energy, urbanization, foreign direct investment, urban land area, trade openness, and CO2 emissions in East Asian countries using data collected from 1990 to 2023. The study has employed ARDL and NARDL models for empirical analysis to ascertain the effects on the economies in the short- and long-run. The results revealed that the linear estimations of urbanization in the short-run are negatively significant in China. The non-linear coefficient estimates positively affect CO2 emissions in India. The foreign direct investment and renewable energy benefit both countries in short-run. The results coefficient estimations of trade openness have a significantly negative impact on CO2 emissions in both countries. The estimation coefficients indicate the presence of nonlinear positive shocks in China's urbanization and significant negative impacts of urban land area on CO₂ emissions in both India and China. According to the study, regional policymakers must prioritise the creation of an atmosphere that encourages environmentally responsible businesses by supportive laws and financial incentives.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
