Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298737 
Year of Publication: 
2020
Citation: 
[Journal:] Asian Journal of Sustainability and Social Responsibility (AJSSR) [ISSN:] 2365-6417 [Volume:] 5 [Issue:] 1 [Year:] 2020 [Pages:] 1-15
Publisher: 
Springer, Cham
Abstract: 
Over the years, world market is integrating at much faster pace through increasing trade openness. Not being an unmixed blessing, consistent efforts have been made to examine impact of trade openness on economic, environmental and social welfare. This study is an attempt to empirically examine the implications of trade openness on sustainable development in India since liberalization policy 1991. We used the Autoregressive Distributed Lag (ARDL) model to test the relationship between sustainable development and trade openness along with other control variables that are supposed to affect sustainable development. The results established supports the opinion of environmentalists. The empirical results are contrary to the conventionally held belief, indicating that trade shares a negative correlation with green GDP growth and positive correlation with gap between conventional GDP and green GDP. These findings support the arguments that trade openness tend to be both distorting and detrimental to the future generations.
Subjects: 
Trade openness
Genuine savings
Sustainable development
ARDL approach
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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