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The impact of global integration on economic growth is largely discussed in the literature. However, little attention has been paid to analyze the association of globalization with quality of life. In particular, the role of globalization in influencing the quality of life in Asian economies has not been yet analyzed. This study investigates the effect of globalization on quality of life of Asian economies using a comprehensive measure of globalization including its disaggregated dimensions that are economic, social and political forms of globalization. The results show that globalization helps to enhance quality of life of Asian economies. All dimensions of globalization, however, are not causing significant effect on quality of life. Political globalization does not increase quality of life while other forms of globalization increase quality of life.

This study conducts a comparative empirical analysis of 132 developed and developing economies to explore the links of ICT with environment over the period 1980-2016. The empirical analysis is based on Pooled Ordinary Least Squares (POLS) and Generalized Method of Moments (GMM) estimation techniques. Theoretically environmental effects of ICT are ambiguous. To settle it empirically, this study points out the heterogeneous consequences of ICT for environment in developed and developing countries. Findings of the study suggest that ICT has the power to determine ecological future of the world. However, its favorable outcomes are observed only in developed countries while adverse impacts prevail in developing countries. The empirical results confirm "Greening through ICT" hypothesis for developed countries implying that ICT is an effective tool to mitigate environmental degradation. Moreover, "Environmental Kuznets" hypothesis is also confirmed which implies that the relationship between CO2 emissions and GDP per capita is non-monotonic. The empirical analysis is based on novel measures of ICT such as online service, telecommunication infrastructure and electronic government unlike previous literature that generally emphasized only internet as a measure of ICT. Moreover, to the best of our knowledge, this is the first study of its kind that identifies heterogeneous outcomes of ICT between developed and developing countries. Findings of the study imply that investment in ICT infrastructure is essential for environmental sustainability only in the case of developed countries.

Purpose
The purpose of this study is to analytically explore and empirically test the relationships between economic growth, inequality and trade using a panel data set of 65 developing economies from 1965 to 2010.


Design/methodology/approach
This study sets a theoretical framework to explain the growth-trade nexus differentials in the developing economies. The study uses different econometric methods such as General Method of Moments to address the relationship of trade with growth in the presence of high inequalities.


Findings
The study determines the positive effect of trade on growth both in the short-run and in the long-run. However, the growth effect of trade is substantially influenced by the domestic context in terms of the prevalence of high initial inequalities. The study identifies high initial inequalities in developing countries as the likely reason for a negative relationship between trade and economic growth. The trade-growth nexus is significantly negative for the unequal group but strongly significantly positive for the less unequal one.


Practical implications
Those developing economic which mange to ameliorate inequalities are in a better position to compete in an open economy.


Originality/value
The study contributes in the existing literature by answering the question why growth effects of trade are not definitely positive or negative. The findings of the studies may help the policy-makers of developing economies to take the advantage of increasing international trade.

This paper investigates the distributional consequences of international remittances using a panel data set from sixty five developing economies from 1970 to 2015. It focuses on complementarity between financial development and remittances in determining the inequality-impact of remittances using instrumental variables techniques of panel data for empirical analysis. The study finds out that inequality-effect of remittances differs between developing economies depending upon the strength of financial sector. International remittances help to the poor by reducing inequality in developing countries where financial markets are comparatively developed. However, the inequality-effect of remittances turns out to be adverse in developing economies where financial markets are underdeveloped. This effect arises because the strength of financial sector and remittances has a complimentary role in determining inequality-effect of remittances. The empirical findings of the study are robust to different specifications, econometrics techniques, additional control variables and sub-samples. This research paper contributes into the literature on inequality and remittances by highlighting the heterogeneity of developing economies in shaping the distributional effects of international remittances. It is first study of its kind, to my knowledge, that provides an empirical analysis of complementarity between financial development and remittances in shaping the inequality-effect of remittances. The main message of this research is that the strength of financial sector in remittances receiving economies is critical in determining the inequality impacts of remittances. Therefore, the governments of developing economies need to improve their financial sectors to take the maximum advantages of international remittances.

AbstractThis paper studies the impact of remittances on cross‐country poverty using a panel data set from 65 developing counties over a long period 1970–2008. This study differs from the existing literature on poverty impact of remittances by explicitly noting the importance of financial development in shaping the link. This analysis shows that the effect of remittances on poverty depends on the level of financial development of a remittances receiving economy. Those economies that have a low level of financial development seem to acquire an unfavourable effect of remittances while economies with comparatively developed financial systems do not suffer from the adverse effects of remittances. In sum, remittances accentuate not ameliorate poverty in countries with the low level of financial development. Copyright © 2014 John Wiley & Sons, Ltd.

The present study investigates the effects of renewable energy, nonrenewable energy, and foreign direct investment (FDI) on output growth in the five South Asian economies. For this purpose, a panel growth model has developed over the period 1990–2018. Pedroni cointegration estimates indicate that renewable, nonrenewable energy, FDI, and gross domestic product (GDP) are cointegrated. The results from the panel fully modified ordinary least squares (FMOLS) depict the nonrenewable energy stimulates output growth. FDI also has a positive impact on output growth. Besides, the empirical results confirm that renewable energy has a significant and positive impact on output growth in the South Asian economies. The findings suggest that South Asian economies should investment in renewable energy for sustainable economic development.