Impact of foreign remittance receipt on climate change: evidence for Asian countries.
The study investigates the impact of foreign remittance and economic complexity on carbon (CO2) emissions by using the data for Asian countries over the period of 1990-2018. Carbon emissions is used as a proxy for climate change. For empirical analysis, this study uses second generation methodology which control the heterogeneity in the data. For long-run estimation, Cup-FM and Cup BC methods are employed, and their results indicate that foreign remittance increases carbon emissions, while economic complexity reduces carbon emissions.