img
img
Are remittances an opportunity or a threat to sustainable environmental quality in India? Evidence from nonlinear smooth transition models    
Yazarlar (2)
Serife Ozsahin
Necmettin Erbakan Üniversitesi, Turkey
Prof. Dr. Gülbahar ÜÇLER Prof. Dr. Gülbahar ÜÇLER
Kırşehir Ahi Evran Üniversitesi, Türkiye
Devamını Göster
Özet
The inflow of remittances is a major source of external financing for developing countries and play a crucial role in economic welfare. It is also associated with environmental degradation, despite its stimulating effects on industrial production, aggregate demand, savings and investments. This study inspects the impact of remittances on environmental quality in India using non-linear time series methods covering the period 1975 to 2022. Ecological footprint is used as an indicator of the quality of the environment to investigate the relationship between remittances inflows, GDP per capita, net FDI inflows and financial development. Asymmetric smooth transition models allowing nonlinearity and structural breaks are used to depict the relationship between the variables. The empirical results show that remittance inflows, financial development and economic growth contribute environmental pollution and deteriorate environmental quality in the long and short term. Based on the results, it is recommended to use remittances in India as a useful policy instrument to support the demand for energy efficient products and environmentally friendly investments.
Anahtar Kelimeler
Asymmetric ESTAR cointegration | Ecological footprint | Financial development | India | Remittances
Makale Türü Özgün Makale
Makale Alt Türü SSCI, AHCI, SCI, SCI-Exp dergilerinde yayımlanan tam makale
Dergi Adı Journal of the Knowledge Economy
Dergi ISSN 1868-7865 Wos Dergi Scopus Dergi
Dergi Grubu Q1
Makale Dili İngilizce
Basım Tarihi 01-2024
Sayı 1
Doi Numarası 10.1007/s13132-024-02249-5