Examining the asymmetric effects of stock markets and exchange rate volatility on Pakistan’s environmental pollution
Yükleniyor...
Tarih
2020
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
The purpose of this study is to observe the effects of stock markets and exchange rate volatility on environmental pollution in
Pakistan during the period 1985–2018. A nonlinear autoregressive distributed lag (ARDL) model is applied to get this objective.
In general, the short-term results revealed that the positive and negative shocks in stock markets reducing the carbon emissions. In
adverse, positive shocks in exchange rate volatility reduces the carbon emissions while negative shocks in exchange rate volatility
have a positive significant effect on carbon emissions in Pakistan. Moreover, the positive and negative shocks in the stock market
have a positive significant effect on Pakistan’s carbon emissions but positive and negative shocks in exchange rate volatility
negative influence on carbon emissions in the long run. The findings further show that positive and negative shocks of the stock
markets and exchange rate volatility have the same effects in sign but different in magnitude in the long run. Based on these
findings, some policy recommendations proposed in the context of Pakistan as well as for other developing countries.
Açıklama
Anahtar Kelimeler
Stock markets, Exchange rate volatility, Environmental pollution, Nonlinear ARDL, Pakistan
Kaynak
Environmental Science and Pollution Research
WoS Q Değeri
Q2
Scopus Q Değeri
Q1
Cilt
27
Sayı
25
Künye
Ullah, S., & Ozturk, I. (2020). Examining the asymmetric effects of stock markets and exchange rate volatility on Pakistan’s environmental pollution. Environmental Science and Pollution Research, 27(25), 31211-31220. doi:10.1007/s11356-020-09240-y
