A Temporal Analysis of Macroeconomic Indicators and Environmental Degradation in Emerging and Developing Asian Countries

Abstract

Developing Asian countries have witnessed rapid economic expansion, it has also become increasingly vulnerable to severe environmental challenges, including rising carbon emissions, deforestation and climate induced disasters. This region faces acute environmental stress that threatens long term sustainability. This paper aims to examine the trends and patterns of Environmental Degradation, Economic Growth, Energy Consumption and FDI inflows, along with other controlled variables in Asian Emerging and Developing Economies from 1995 to 2022. For this purpose, this study computed the descriptive statistics, estimated time trend regression and various graphs have been demonstrated to highlight the trends and patterns in these nations. Results of time trend regression show that GHG emissions and Globalisation are continuously increasing while population and GDP depict a declining trend. There is significant heterogeneity among countries for GHG emissions, Energy Consumption, FDI inflows and Industrialisation, while stable or gradually increasing patterns were observed for economic growth and globalisation index. These findings will be useful for policymakers to formulate policies to promote growth, keeping in view their environmental repercussions.