The impact of Globalisation on Environmental Degradation: Evidence from Panel Data Analysis using the STIRPAT model
Keywords:
globalization, environmental degradation, panel data, STIRPAT model, European countriesAbstract
This paper examines the impact of globalisation on
accounting of environmental degradation in a sample of
European countries from 1990 to 2023. This study
evaluates environmental degradation using both Carbon
Dioxide (CO2) emissions and Total Greenhouse Gas
emissions (GHG), while data for globalisation was
collected from the KOF Swiss Economic Institute. In the
context of the econometrics model (STIRPAT model), The
study uses energy consumption and other variables as
control variables following previous studies in this
context. The empirical findings of Pooled Mean Group
panel model indicate that energy use have a positive
impact on environmental degradation. For globalization,
the results indicate that an increase in political
globalization mitigates environmental degradation,
whereas both economic and cultural globalization exhibit
fluctuating effects.
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