Investigation on the role of economic, social, and political globalization on environment: evidence from CEECs

This study aims to investigate the impact of different dimensions of globalization (i.e., overall globalization index, economic globalization index, social globalization index, and political globalization index) on environmental pollution by incorporating the real gross domestic product and energy consumption in Central and Eastern European Countries (CEECs). In doing so, the annual period from 1995 to 2015 is examined with second-generation panel data methodologies to consider the possible cross-sectional dependence among observed countries. The findings show that increasing overall globalization, economic globalization, and social globalization increases the carbon emissions while increasing political globalization reduces the environmental pollution. In addition, it is also found that Environmental Kuznets Curve (EKC) hypothesis is confirmed.