Economic Liberalization and Environmental Degradation in India: A Causal Analysis of Interventions
Proceeding: 13th International Academic Conference (IAC)Publication Date: 2014-09-15
Authors : Sinha Avik; Bhattacharya Joysankar;
Page : 512-512
Keywords : Fossil Fuel; CO2 Emission; Economic Liberalization; Environmental Kuznets Curve; India; Vector error correction;
Abstract
Considering the context of India, economic liberalization plays a major role in industrialization and environmental degradation, at the same time. India’s fossil fuel based energy-led economic growth and consequential carbon emissions are largely influenced by economic liberalization. In this paper, we have considered the twenty years per and post liberalization (1971-2010) and by formulation of an error correction model, we have demonstrated by the established causal associations among economic growth, drivers of growth, and negative consequences of growth undergo changes. This demonstration is based on three constructs associated with economic liberalization, namely industrialization, energy efficiency, and rural-urban migration. Analysis of missing feedback link in Environmental Kuznets Curve hypothesis using contextual interventions is the primary contribution of this paper in ecological economics literature.
Other Latest Articles
- Corporate Governance Compliance of Companies Listed on the Alternative Exchange (ALTX) In South Africa
- Difficulties with Students with Low Language Difficulties Face in Language Learning Process: Turkey Case
- Challenges to reconcile research with the teaching role. - A discussion of methodological approach in a project based on further education in counselling and coaching.
- Industrial Firm’s Financial Performance through Bid - Ask Spread since the Financial Crisis: Evidence from Jordanian Capital Market
- Using Grey Relational Analysis to Determine the Financial Performance of Turkish Football Clubs
Last modified: 2015-03-07 20:38:17