Bright Akwasi Gyamfi, Stephen Taiwo Onifade, Abdul Rahim Ridzuan, Mohd Shahidan Shaari, Pabitra Kumar Jena
In the wake of various catastrophic consequences of climate change, Malaysia, a rapidly developing economy, is also inevitably experiencing environmental degradation that merits prompt and serious attention from policymakers and its government. Hence, this study simultaneously highlights the short and long-run dynamic connections between carbon emission in Malaysia and the trio of corruption levels, foreign investment inflow, and trade liberalization. The study also controls for a combination of other factors including energy use, GDP, and urbanization. A robust empirical analysis was conducted on time series observations for the country based on the recent Dynamic ARDL simulation. It was observed that Malaysia's per capita pollution levels significantly reduces based on the corruption perception levels during the sampling period while the economic expansion’s effect on emission levels is positive. Additionally, urbanization, trade levels and energy use all aggravate the emission levels. On the other hand, although FDI poses an insignificant environmental damage in the short run, its environmental sustainability enhancement roles were supported by its long-run negative impacts on carbon emission. Lastly, the EKC was established and as such, essential policy directions were provided for stakeholders in the rapidly emerging Malaysian economy. © 2023, The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
School of Management, Sir Padampat Singhania University Bhatewar, Rajasthan, Udaipur, 313601, India; School of Finance and Accounting, University of Vaasa, Vaasa, 65200, Finland; Faculty of Economics and Administrative Sciences, KTO Karatay University, Konya, Turkey; Faculty of Business and Management, Universiti Teknologi MARA, Melaka Campus, Malacca, Malaysia; Institute for Big Data Analytics and Artificial Intelligence, Universiti Teknologi MARA, Malacca, Malaysia; Faculty of Economics and Business, Universitas Negeri Malang, Malang, Indonesia; Centre for Economic Development and Policy, Universiti Malaysia Sabah, Kota Kinabalu, Malaysia; Institute for Research On Socio Economic Policy, Universiti Teknologi MARA, Malacca, Malaysia; Faculty of Business & Communication, Universiti Malaysia Perlis, Arau, Malaysia; School of Economics, Shri Mata Vaishno Devi University, Jammu & Kashmir, Katra, India
