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JOURNAL OF APPLIED BUSINESS AND ECONOMICS
Is Economic Liberalization Causing Environmental Degradation in India? An Analysis of Interventions
Author(s): Avik Sinha, Joysankar Bhattacharya
Citation: Avik Sinha, Joysankar Bhattacharya, (2014) "Is Economic Liberalization Causing Environmental Degradation in India? An Analysis of Interventions," Journal of Applied Business and Economics, Vol. 16, Iss. 5, pp. 121-136
Article Type: Research paper
Publisher: North American Business Press
Abstract:
India’s fossil fuel based energy-led economic growth and carbon emissions are largely influenced by
economic liberalization. In this paper, we have considered twenty years before and after liberalization
(1971-2010) and by formulation of an error correction model, we have demonstrated how causal
associations among economic growth, drivers of growth, and negative consequences of growth undergo
changes based on three constructs, namely industrialization, energy efficiency, and rural-urban
migration. Analysis of missing feedback link in Environmental Kuznets Curve hypothesis using contextual
interventions is the primary contribution of this paper in ecological economics literature.
