Does financial instability increase environmental pollution in Pakistan?

MPRA Paper from University Library of Munich, Germany

Abstract: The present aims to explore the relationship between financial instability and environmental degradation within multivariate framework using time series data for the period1972-2009 in case of Pakistan. The long run relationship is investigated by ARDL bounds testing approach to cointegration, and error correction method is applied to examine short sun dynamics. The stationarity properties of the variables are tested by applying Saikkonen and Lütkepohl (2002)structural break unit root test. Empirical evidence confirms the existence of long run relationship while financial instability increases environmental pollution in the country.

Keywords: Financial Instability; Environment; Cointegration (search for similar items in EconPapers)
JEL-codes: A1 (search for similar items in EconPapers)
Date: 2011-01-01, Revised 2011-03-27
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (2)

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Working Paper: Does financial instability increase environmental pollution in Pakistan? (2011)
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