Exchange Rate Dynamics, Energy Consumption, and Sustainable Environment in Pakistan: New Evidence From Nonlinear ARDL Cointegration

Pakistan's local currency has been devalued during different exchange regimes, which may substantially affect energy consumption and CO 2 emissions. Therefore, this study investigates the effects of rate depreciation on emissions from 1990–2018. We apply nonlinear autoregressive distributed lag (ARDL) cointegration approach for empirical analysis found that increases in both short long runs. These results suggest devaluation an expansionary effect enhances economic growth at cost high government needs regulations along with policy to control Moreover, should search alternate resources such as renewable meet country's mitigate