Examining the asymmetric effects of fossil fuel consumption, foreign direct investment, and globalization on ecological footprint in Mexico

IF 9.9 1区环境科学与生态学 Q1 DEVELOPMENT STUDIES

Sustainable Development Pub Date : 2023-11-13 DOI:10.1002/sd.2825

Babatunde S. Eweade, Selin Karlilar, Ugur Korkut Pata, Ibrahim Adeshola, John O. Olaifa

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Abstract

Abstract This paper investigates the asymmetric effects of fossil fuels, foreign direct investment (FDI), and globalization on the ecological footprint (EFP) in Mexico from 1975 to 2020. To this end, the Autoregressive Distributed Lag (ARDL), Nonlinear Autoregressive Distributed Lag (NARDL), and the wavelet coherence approach are conducted. Based on the outcomes of the ARDL method, economic growth and fossil fuel consumption lead to ecological degradation, while foreign direct investment improves environmental conditions. Globalization has no impact on the environment. The NARDL approach illustrates that a positive shock to fossil fuels, FDI, and globalization degrades the environment. The wavelet coherence results emphasize the adverse environmental influence of economic growth and fossil fuels. These results imply that the Mexican government should conduct its economic expansion considering the principle of sustainable development. In this context, policymakers should propagate carbon taxes and similar instruments to promote clean energy sources that can replace fossil fuels and are compatible with sustainable development policies.

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考察化石燃料消费、外国直接投资和全球化对墨西哥生态足迹的不对称影响

摘要本文研究了1975 - 2020年化石燃料、外国直接投资(FDI)和全球化对墨西哥生态足迹(EFP)的非对称效应。为此，研究了自回归分布滞后(ARDL)、非线性自回归分布滞后(NARDL)和小波相干方法。根据ARDL方法的结果，经济增长和化石燃料消耗导致生态退化，而外国直接投资改善了环境条件。全球化对环境没有影响。NARDL方法表明，对化石燃料、外国直接投资和全球化的积极冲击会使环境恶化。小波相干性结果强调了经济增长和化石燃料对环境的不利影响。这些结果表明，墨西哥政府在进行经济扩张时应考虑到可持续发展的原则。在这方面，决策者应宣传碳税和类似的工具，以促进能够取代化石燃料并与可持续发展政策相容的清洁能源。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Sustainable Development Multiple-

CiteScore

17.30

自引率

11.20%

发文量

168

期刊介绍： Sustainable Development is a publication that takes an interdisciplinary approach to explore and propose strategies for achieving sustainable development. Our aim is to discuss and address the challenges associated with sustainable development and the Sustainable Development Goals. All submissions are subjected to a thorough review process to ensure that our readers receive valuable and original content of the highest caliber.