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<p>This exploration reviews the link between globalization, economic complexity (EC), and net low-carbon emissions across 111 countries from 1983 to 2017, utilizing spatial econometric and financial panel analysis. Using a comprehensive dataset and multiple imputation techniques, the study examines how EC moderates Globalization’s effects on CO2 release. Outcomes display that a 1% rise in globalization lessens release by 1.25%, conditional on EC. The total impact of EC is -5.29, highlighting the role of advanced industrial structures in lowering release. Spatial econometric modeling reveals significant cross-country spillover effects, with nations surrounded by highly complex economies experiencing an additional 1.8% reduction in release per unit increase in neighbors’ EC. A quantile-based analysis further demonstrates that globalization’s environmental benefits emerge only at higher levels of EC. These outcomes highlight the significance of technological advancement and regional cooperation in mitigating global carbon release. The study provides policy recommendations for enhancing EC and leveraging globalization to achieve sustainable development.</p>

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A Spatial Econometric and Financial Panel Analysis of Globalization and Economic Complexity with Net Low Carbon EmissionsFindings from a Representative National Panel Survey, 1983–2017

  • 期刊论文

  • 发表日期：

    2026年2月11日

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  • Zhifu Liu

摘要

This exploration reviews the link between globalization, economic complexity (EC), and net low-carbon emissions across 111 countries from 1983 to 2017, utilizing spatial econometric and financial panel analysis. Using a comprehensive dataset and multiple imputation techniques, the study examines how EC moderates Globalization’s effects on CO2 release. Outcomes display that a 1% rise in globalization lessens release by 1.25%, conditional on EC. The total impact of EC is -5.29, highlighting the role of advanced industrial structures in lowering release. Spatial econometric modeling reveals significant cross-country spillover effects, with nations surrounded by highly complex economies experiencing an additional 1.8% reduction in release per unit increase in neighbors’ EC. A quantile-based analysis further demonstrates that globalization’s environmental benefits emerge only at higher levels of EC. These outcomes highlight the significance of technological advancement and regional cooperation in mitigating global carbon release. The study provides policy recommendations for enhancing EC and leveraging globalization to achieve sustainable development.