Transformation of ecological footprint through financial development and technological innovation

被引:6
作者
Hosan, Shahadat [1 ,2 ]
Rahman, Md. Matiar [1 ,2 ,3 ]
Karmaker, Shamal Chandra [1 ,2 ,3 ]
Sen, Kanchan Kumar [1 ,2 ,3 ]
Chapman, Andrew J. [1 ]
Saha, Bidyut Baran [1 ,2 ]
机构
[1] Kyushu Univ, Int Inst Carbon Neutral Energy Res WPI I2CNER, 744 Motooka,Nishi Ku, Fukuoka, Fukuoka 8190395, Japan
[2] Kyushu Univ, Mech Engn Dept, 744 Motooka,Nishi Ku, Fukuoka, Fukuoka 8190395, Japan
[3] Univ Dhaka, Dept Stat, Dhaka 1000, Bangladesh
关键词
Ecological footprint; Decomposition; Financial development; Green growth; Technological innovation; CARBON-DIOXIDE EMISSIONS; ENERGY-CONSUMPTION; ENVIRONMENTAL SUSTAINABILITY; ECONOMIC COOPERATION; COINTEGRATION; STABILITY; IMPACT; GROWTH;
D O I
10.1007/s10098-023-02590-4
中图分类号
X [环境科学、安全科学];
学科分类号
08 ; 0830 ;
摘要
The role of financial development and technological innovation on environmental quality is insufficiently examined by researchers for emerging Asian nations. Thus, this paper scrutinizes the impact of financial progress and technological innovation on the ecological footprint (EF) in the context of emerging Asian countries considering data for the period 1985-2018. The results obtained from Cross-Sectionally Augmented Autoregressive Distributed Lag approach confirm that financial development related to EF is positive, while technological innovation concerning EF is significantly negative. The Dumitrescu-Hurlin (D-H) granger causality test identified a statistically significant unidirectional relationship between financial development and EF in which technological innovation has a bidirectional association with EF. The policy implications of this paper suggest that Asian nations should undertake a proactive green investment policy to direct investment toward green projects rather than environmentally harmful ones. Further, appropriate policy and incentives must be pursued to enhance technological innovation to attain sustainable environmental and social development.
引用
收藏
页码:3363 / 3380
页数:18
相关论文
共 76 条
[41]   Financial stability, energy consumption and environmental quality: Evidence from South Asian economies [J].
Nasreen, Samia ;
Anwar, Sofia ;
Ozturk, Ilhan .
RENEWABLE & SUSTAINABLE ENERGY REVIEWS, 2017, 67 :1105-1122
[42]   EXAMINING THE RELATIONSHIP BETWEEN FINANCIAL DEVELOPMENT, SUSTAINABLE ECONOMIC OPPORTUNITY AND ECOLOGICAL FOOTPRINT IN SADC COUNTRIES [J].
Olowu, G. ;
Bein, M. ;
Olasehinde-Williams, G. .
APPLIED ECOLOGY AND ENVIRONMENTAL RESEARCH, 2018, 16 (05) :7171-7190
[43]  
Pazienza P., 2015, INTELLECT EC, V9, P55, DOI [10.1016/j.intele.2015.08.001, DOI 10.1016/J.INTELE.2015.08.001]
[44]  
Pedroni P, 2000, ADV ECONOMETRICS, V15, P93
[45]   Purchasing power parity tests in cointegrated panels [J].
Pedroni, P .
REVIEW OF ECONOMICS AND STATISTICS, 2001, 83 (04) :727-731
[46]   A simple panel unit root test in the presence of cross-section dependence [J].
Pesaran, M. Hashem .
JOURNAL OF APPLIED ECONOMETRICS, 2007, 22 (02) :265-312
[47]   Estimation and inference in large heterogeneous panels with a multifactor error structure [J].
Pesaran, M. Hashem .
ECONOMETRICA, 2006, 74 (04) :967-1012
[48]   Technological and policy innovations toward cleaner development [J].
Phenrat, Tanapon ;
Soratana, Kullapa ;
Kumar, Vikas ;
Kanel, Sushil R. ;
Landis, Amy E. .
CLEAN TECHNOLOGIES AND ENVIRONMENTAL POLICY, 2022, 24 (04) :1009-1011
[49]  
Phillips P. C. B., 2003, ECONOMET J, V6, P217, DOI [10.1111/1368-423X.00108, DOI 10.1111/1368-423X.00108]
[50]   Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator [J].
Rafique, Muhammad Zahid ;
Nadeem, Abdul Majeed ;
Xia, Wanjun ;
Ikram, Majid ;
Shoaib, Hafiz Muhammad ;
Shahzad, Umer .
ENVIRONMENT DEVELOPMENT AND SUSTAINABILITY, 2022, 24 (04) :4623-4640