International Journal of Social Science & Economic Research
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Title:
DOES GLOBALIZATION DEGRADE OUR ENVIRONMENT? AN EMPIRICAL INVESTIGATION IN BANGLADESH

Authors:
Gazi Mohammed Mahbub , S. M. Nasir Uddin , Saddam Hossain , Khaleda Akter

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Gazi Mohammed Mahbub1 , S. M. Nasir Uddin2 , Saddam Hossain3 , Khaleda Akter4
1&2. Lecturer, Department of Economics, Bangabandhu Sheikh Mujibur Rahman Science and Technology University, Gopalganj-8100, Bangladesh.
3. M. Sc., Department of Economics, Jahangirnagar University, Savar, Bangladesh.
4. Lecturer, Department of Economics, Pabna University of Science and Technology, Pabna, Bangladesh.

MLA 8
Mahbub, Gazi Mohammed, et al. "DOES GLOBALIZATION DEGRADE OUR ENVIRONMENT? AN EMPIRICAL INVESTIGATION IN BANGLADESH." Int. j. of Social Science and Economic Research, vol. 5, no. 9, Sept. 2020, pp. 2436-2451, doi:10.46609/IJSSER.2020.v05i09.002. Accessed Sept. 2020.
APA 6
Mahbub, G., Uddin, S., Hossain, S., & Akter, K. (2020, September). DOES GLOBALIZATION DEGRADE OUR ENVIRONMENT? AN EMPIRICAL INVESTIGATION IN BANGLADESH. Int. j. of Social Science and Economic Research, 5(9), 2436-2451. doi:10.46609/IJSSER.2020.v05i09.002
Chicago
Mahbub, Gazi Mohammed, S. M. Nasir Uddin, Saddam Hossain, and Khaleda Akter. "DOES GLOBALIZATION DEGRADE OUR ENVIRONMENT? AN EMPIRICAL INVESTIGATION IN BANGLADESH." Int. j. of Social Science and Economic Research 5, no. 9 (September 2020), 2436-2451. Accessed September, 2020. doi:10.46609/IJSSER.2020.v05i09.002.

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Abstract:
The unification process of the national economies to the global circumference, termed as globalization, is increasing day by day that accelerates economic activities within an economy by enhancing not only domestic and foreign investment but also mobilizing capital and labor across economies. Upward pressure on energy was created by the globalization induced economic activities that leads to fossil fuels' energy consumption. As a consequence, the concentration of carbon dioxide (CO2) gas is increasing into the atmosphere- the most noticeable element responsible for raising the average temperature of the earth. It is the channel through which globalization can degrade our environment. This study is an empirical attempt to test this channel in the context of Bangladesh by using annual data from 1973 to 2013. ARDL bounds test results provide the confirmation of cointegration among CO2 emissions, economic growth, and globalization. Empirical findings reveal that although globalization degrades the environmental quality in Bangladesh, the long-run emission elasticity is smaller than the short-run elasticity, which implies that the globalization induced emissions will decline gradually.

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