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Journal of Contemporary Macroeconomic Issues

  • Online ISSN 2709-0469
  • Print ISSN 2708-4973
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  • Open Access Article

    18 Pages Download PDF: Drivers of Carbon Emissions in South Asia: Analyzing Economic Growth, Urbanization, Tourism, Industrialization, and Renewable Energy

    Drivers of Carbon Emissions in South Asia: Analyzing Economic Growth, Urbanization, Tourism, Industrialization, and Renewable Energy

    Rehana Kousar, Muhammad Sharyar, Mahnaz Muhammad Ali, Rana Sharjeel Akhtar

    2025-06-22 https://doi.org/10.36923/jcmi.v6i1.617

    Rising CO₂ emissions pose a global challenge, including in South Asia. This study examines the determinants of CO₂ emissions—economic growth, urbanization, tourism, industrialization, renewable energy, agriculture, and forest area—using panel data (1990–2021) from South Asian countries. Dynamic Ordinary Least Squares (DOLS) and panel unit root tests reveal long-run relationships. Urbanization, tourism, and agricultural value-added significantly increase CO₂ emissions, while economic growth, renewable energy, and forest area negatively correlate with emissions. The findings suggest that energy-intensive urbanization, tourism, and agricultural expansion drive emissions, whereas renewable energy adoption and forest conservation mitigate them. Policymakers must prioritize sustainable urbanization, green tourism, and renewable energy transitions to curb emissions while fostering economic development.

    pp. 14-31 Abstract views:273 Downloads:146
  • Open Access Article

    8 Pages Download PDF: From Income to Inclusion: A Comparative Human Capabilities Index for South Asian Economic Development

    From Income to Inclusion: A Comparative Human Capabilities Index for South Asian Economic Development

    Zaeema Farooq, Shaista Raza, Aqsa Hameed, Iqra Mehmood, Sidra Bano

    2025-06-25 https://doi.org/10.36923/jcmi.v6i1.641

    A new Comparative Human Capabilities Index (CHCI), which goes beyond conventional measures like GDP or HDI, is presented in this study to evaluate the economic progress of South Asian nations. GDP per capita, GDP per person employed, trade as a percentage of GDP, life expectancy, secondary school enrollment, and GDP per capita are the six main variables that make up the index, which is based on Amartya Sen's capability approach. Data were collected from the World Bank for eight nations between 2001 and 2015: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. In order to ensure comparability across variables, the CHCI was built using equal weighting and min-max normalization. The findings indicate that while Bangladesh and India have made notable progress over time, the Maldives and Sri Lanka continue to rank first in terms of human skills. Despite beginning with lower levels, Afghanistan and Nepal showed signs of improvement over time. As an alternative to more conventional indices like the Human progress Index (HDI), the index offers a more human-centered and inclusive lens through which to view the region's economic progress. This strategy emphasizes how crucial it is to make investments in productivity, health, and education in order to achieve long-term, fair development.

    pp. 111-118 Abstract views:187 Downloads:87
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Journal of Contemporary Macroeconomic Issues · Online ISSN 2709-0469 · Print ISSN 2708-4973 · Published by ICR Publications · Contact editorial office

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