Journal of Economic Impact https://www.scienceimpactpub.com/journals/index.php/jei <p class="justify">Journal of Economic Impact (JEI) welcomes all research articles relevant to economics and other relevant social science subjects. The journal of Economic Impact aims to provide an opportunity and a forum to communicate relevant and current issues in the area of Economics and its allied subjects. The objective of this journal is to publish prolific novel scientific work while making them freely available for the scholarly world. Journal of Economic Impact is an open access journal. Abstracts and full texts of all articles published in the Journal of Economics Impact can be read online without any form of restriction.</p> en-US <p class="Default"> </p> <p> </p> jei@scienceimpactpub.com (Chief Editor: Dr. Iqbal Javed) info@scienceimpactpub.com (Muhammad Naeem) Sat, 14 Jun 2025 13:17:13 +0000 OJS 3.2.1.2 http://blogs.law.harvard.edu/tech/rss 60 The Role of Financial Direct Investment on Environmental Degradation in Pakistan: An Empirical Analysis by Using the ARDL Technique on Time Series Data https://www.scienceimpactpub.com/journals/index.php/jei/article/view/1074 <p class="007JEI-ABSTRACT" style="text-align: left;" align="left"><span lang="EN-GB">The study explores how FDI and GDP impact the degradation of the environment in Pakistan. This research applied the ARDL technique to analyze the independent variables' short-run and long-run impact on the dependent variable. Data has been collected from WDI for 25 years. Research results show that energy use together with GDP expansion, urbanization, and trade activities, produce negative impacts on carbon emissions during short periods. The research shows that emissions were significantly negatively impacted by GDP growth and trade in the long-term period alone. Financial development in combination with foreign direct investment (FDI) provides short-term as well as long-term reductions to environmental pollution. The positive effect of innovation exists throughout both short-run and long-run periods as measured by carbon emissions. The prediction part from the present matches the projection for the far future. Research shows innovation produces only minimal yet beneficial effects on carbon emission, which become evident equally in the short-run and long-run perspectives. This study could benefit from learning valuable insights and policy recommendations by evaluating Pakistan's development situation with other nations, which share parallel urbanization and industrialization trends.</span></p> Aslam Zaib, Muhammad Rehman Shafique, Muhammad Haroon ul Hasnain, Muhammad Atiq ur Rehman, Ghazia Khoula Qureshi Copyright (c) 2025 Aslam Zaib, Muhammad Rehman Shafique, Muhammad Haroon ul Hasnain, Muhammad Atiq ur Rehman, Ghazia Khoula Qureshi https://creativecommons.org/licenses/by/4.0 https://www.scienceimpactpub.com/journals/index.php/jei/article/view/1074 Sat, 14 Jun 2025 00:00:00 +0000