The Impacts of Economic Growth, Business Activities and Industrialization on CO2 Emissions: The Case of India
Chapter from the book:
Arslan,
İ.
&
Bozgeyik,
Y.
(eds.)
2024.
Academic Research and Evaluations in The Field of Social Sciences.
Synopsis
The purpose of this study is to look at the impact of economic growth, commercial activities, and industrialization on carbon emissions in India, a developing country, between 1997 and 2018. Carbon emissions in metric tons per capita, gross domestic product per capita in dollars at 2015 constant prices, the percentage share of trade in GDP, and the percentage share of industrial sector added value in GDP were all included in the model developed for this empirical analysis. The ADF unit root test was used to confirm the variables' stationarity. As a result, it was determined that the variables had unit roots at their level values but were stationary at their difference values. Finally, the short and long term effects of the ARDL coefficient estimator series were investigated. In line with the findings, economic growth and industrialization increased environmental pollution, whereas commercial activities had no significant impact.