Trade, Environment, Human Capital and Services Sector in Developing Countries: A Panel Data Analysis

  • Ismat Nasim Lecturer, Department of Economics, Govt. Sadiq College Women University, Bahawalpur, Pakistan
  • Imran Sharif Chaudhry Professor/ Director, School of Economics, Dean, Faculty of Arts – Social Sciences, Bahauddin Zakariya University, Multan, Pakistan
  • Fatima Farooq Associate Professor, School of Economics, Bahauddin Zakariya University, Multan, Pakistan
  • Furrukh Bashir Assistant Professor,School of Economics, Bahauddin Zakariya University, Multan, Pakistan
Keywords: Trade Openness, CO2 Emission, Human Capital, Services Sector Value Addition, Developing Countries

Abstract

Objective: This study aims to examine the influence of Trade Liberalization, Environmental Quality (CO2 Emission) on Services Sector Growth in some selected developing.

Methodology: The estimation of the study considers panel data unit root and panel data ARDL approach. The environmental quality is represented by Carbon Dioxide Emission and trade liberalization is by trade openness.

Findings: The results of Panel Unit Root test summarize that Panel ARDL is the most appropriate method of estimation for having Panel Coefficient values due to mixed order of integration for developing countries.

Implications: The empirical findings of model, in Developing Countries, Labor Force, Capital Stock, Trade Openness, Money Supply, Government Expenditure and Human Capital exert upward pressure on Services Value Addition while Carbon Dioxide Emission and Price Level is putting download pressure on Services Value Addition.                                                            

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Published
2021-09-30
How to Cite
Nasim, I., Chaudhry, I. S., Farooq, F., & Bashir, F. (2021). Trade, Environment, Human Capital and Services Sector in Developing Countries: A Panel Data Analysis. Journal of Accounting and Finance in Emerging Economies, 7(3), 597-606. https://doi.org/10.26710/jafee.v7i3.1873