Towards achieving environmental sustainability: environmental quality versus economic growth in a developing economy on ecological footprint via dynamic simulations of ARDL

2021 ◽  
Author(s):  
Sakiru Adebola Solarin ◽  
Solomon P. Nathaniel ◽  
Festus Victor Bekun ◽  
Akinbode Michael Okunola ◽  
Abdulkareem Alhassan
Keyword(s):  
Economic Growth ◽  
Environmental Quality ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Developing Economy ◽  
Dynamic Simulations

scholarly journals Implication of Coal Expansion and Regional Energy Trading Center to Climate Goal: Dual Sustainability Analysis

2021 ◽  
Author(s):  
Edmund Ntom Udemba
Keyword(s):  
Economic Growth ◽  
Economic Performance ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Energy Use ◽  
Kuznets Curve ◽  
Per Capita Gdp ◽  
Long Run ◽  
Short Run ◽  
Per Capita

Abstract This current study seeks to investigate the policy implication of Turkey’s recent energy policies on its sustainable development. This study uses Turkey’s country-specific data and series of 1974 to 2018 for effective investigation and justification of the findings of this study with emphasis on both short run and long run implications. Three models were fitted to achieve study objectives to accommodate both environmental sustainability and economic impacts. Ecological footprint was considered better measure and used as proxy for the environment related model. In summary, with environment models, the selected series (per capita GDP, Industrialization, agriculture, coal as a single energy use and mixed energy use) except per capita GDP2 were found positively and significantly related to ecological footprint both in short run and long run which translates to poor performance of Turkey’s environment. Also, using economic growth model, the selected series (Industrialization, energy use and agriculture) were all confirmed positively and significantly related to the economic growth (per capita GDP). Additionally, Environmental Kuznets Curve (EKC) was established for Turkey’s environment and economic performance. Furthermore, using Granger causality as robust check to these findings, a nexus was found among the series confirming the validity of the cointegration (short and long run policies) estimations and results. In congruence with literature and hypotheses, the results from cointegration estimation shows that the twin polices may be good to the economic performance but will spark off adverse effect on environment.JEL Classification: C1, C32, E6, L7, O4, Q3, Q4, Q5

scholarly journals The asymmetric nexus of entrepreneurship and environmental quality in a developing economy

2021 ◽  
Author(s):  
L. D. Philip ◽  
F. Emir ◽  
A. A. Alola
Keyword(s):  
Environmental Quality ◽  
Environmental Sustainability ◽  
Negative Impact ◽  
Smart Cities ◽  
Trade Openness ◽  
Vital Role ◽  
Energy Utilization ◽  
Kuznets Curve ◽  
Developing Economy ◽  
Long Run

AbstractIn spite of the vital role entrepreneurship plays in an economy, recent observations especially from the perspective of climate-related economic activities are indications for the inclusive probe of other salient elements responsible for environmental challenges. Considering the aforementioned framework, therefore, this study explores the asymmetric impact of entrepreneurship on the environmental quality for a developing economy such as Turkey. In a unique dimension, this study utilizes the nonlinear autoregressive distributed lag model with the aid of yearly data from 1985–2016 while incorporating other related determinants of environmental sustainability. The estimation results depict the presence of asymmetric short-run and long-run impact of the explanatory variables on environmental quality. Interestingly, the results confirm a negative impact of entrepreneurial activities, energy utilization, financial development, and economic growth on the environmental quality irrespective of the nature (either positive or negative) of the shock in the short and long run. However, a positive (negative) shock in trade openness worsens (improve) environmental quality in the short and long run. Furthermore, the investigation affirms the existence of the environmental Kuznets curve (EKC) for Turkey. The main outcome from this paper shows that entrepreneurship has a crucial effect on the environment of Turkey. Generally, this study suggests the introduction of incentives to motivate the creation of sustainable businesses, technological innovation, and smart cities to mitigate its negative impact on the environment is far begging for critical attention in the country.

scholarly journals The Impact of Public-Private Partnership Investment in Energy and Technological Innovation on Ecological Footprint: The Case of Pakistan

2021 ◽  
Vol 13 (18) ◽  
pp. 10085
Author(s):  
Li Chunling ◽  
Javed Ahmed Memon ◽  
Tiep Le Thanh ◽  
Minhaj Ali ◽  
Dervis Kirikkaleli
Keyword(s):  
Economic Growth ◽  
Least Squares ◽  
Technological Innovation ◽  
Environmental Sustainability ◽  
Ecological Footprint ◽  
Trade Openness ◽  
Ordinary Least Squares ◽  
Public Private Partnership ◽  
Private Partnership

This novel research looked into the role of public-private partnership investment in energy in affecting Pakistan’s long-term environmental sustainability. Employing time series data from 1992 to 2018 and utilizing the autoregressive distributive lag model (ARDL) model, we found a long-term equilibrium association of ecological footprint with public-private partnership investment in energy, technological innovation, economic growth, and trade openness. Our outcomes showed a significant positive association between public-private partnership investment in energy and ecological footprint in the long-run and the short-run, specifying that the increase in public-private partnership investment in energy affects the environmental sustainability of Pakistan. Similarly, our study confirmed that technological innovation, economic growth, and trade openness increase the ecological footprint in Pakistan. It demonstrates that these factors are unfavorable to the sustainable environment in Pakistan. Furthermore, robustness check findings are analogous to the results of ARDL estimates, utilizing dynamic ordinary least squares and fully modified ordinary least squares. On the basis of the research conclusions, a multi-pronged sustainable development goal (SDG) model was proposed that addresses SDG 8 and SDG 13 while incorporating SDG 17 as a medium.

scholarly journals The Dynamic Impact of Natural Resource Rents, Financial Development, and Technological Innovations on Environmental Quality: Empirical Evidence from BRI Economies

2021 ◽  
Vol 19 (1) ◽  
pp. 130
Author(s):  
Siming Zuo ◽  
Mingxia Zhu ◽  
Zhexiao Xu ◽  
Judit Oláh ◽  
Zoltan Lakner
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Environmental Quality ◽  
Natural Resource ◽  
Low Income ◽  
Ecological Footprint ◽  
Technological Innovations ◽  
Middle Income ◽  
Resource Rents ◽  
Natural Resource Rents

Until recently, many countries’ policies were motivated by economic growth; however, few strategies were developed to prevent environmental deterioration including reducing the ecological footprint. In this context, the purpose of this study was to analyze the role of natural resource rents, technological innovation, and financial development on the ecological footprint in 90 Belt and Road Initiative (BRI) economies. This research divided the BRI economies into high income, middle-income, and low-income levels to capture income differences. This research used the second-generation panel unit root, cointegration, and augmented mean group estimators to calculate the robust and reliable outcomes. Based on the annual data from 1991 to 2018, the findings show that natural resource rents drastically damage the quality of the environment, whereas technological innovations are helpful in reducing ecological footprint. Moreover, the outcome of the interaction term (natural resource rents and technological innovations) negatively impacts the ecological footprint. Interestingly, these findings were similar in the three income groups. In addition, financial development improved environmental quality in the middle-income BRI economies, but reduced it in high-income, low-income, and full sample countries. Furthermore, the Environmental Kuznets Curve (EKC) concept has been validated across all BRI economies. Policymakers in BRI countries should move resources away from resource-rich sectors of industries/manufacturing sectors to enhance/promote economic growth and use these NRRs efficiently for a progressive, sustainable environment. Based on these findings, several efficient policy suggestions are proposed.

scholarly journals On the Precedence of Constraints on Growth: Advocating the Ecological Footprint Perspective

2021 ◽  
Vol 16 (4) ◽  
pp. 1-25
Author(s):  
Carlos Guerrero de Lizardi
Keyword(s):  
Economic Growth ◽  
Environmental Sustainability ◽  
World Literature ◽  
Ecological Footprint ◽  
Public Policies ◽  
Growth Restriction ◽  
Earth Planet ◽  
Distribution Of Income

Our goal is to propose the ecological footprint as the first growth restriction that currently faces the Mexican economy. To capture the attention of both orthodox and heterodox economists, we will analyze three restrictions on growth, namely, on the supply, demand, and biocapacity side. Our first recommendation highlights the need for Mexico to fully redesign its public policies in order to substantially improve its results in terms of environmental sustainability hand in hand with a much better distribution of income and wealth. A limitation lies in the review of only the neoclassical and post-Keynesian growth theories, involving a personal selection from the literature. As far as we know, this document represents the first study that incorporates within the theories of economic growth the restriction linked to biocapacity and the ecological footprint in Mexico. The main conclusion constitutes a local echo of world literature −the immediate challenge facing Mexico and other societies is to make any economic-social result compatible with a single earth planet.

What’s Next for a National Infrastructure Policy: An Encore or a Requiem?

2021 ◽  
pp. 1087724X2110146
Author(s):  
Richard G. Little
Keyword(s):  
Economic Growth ◽  
Public Policy ◽  
21St Century ◽  
Environmental Sustainability ◽  
Infrastructure Systems ◽  
Infrastructure Policy ◽  
Policy Objectives ◽  
The Many ◽  
National Infrastructure ◽  
Roll Out

In an essay almost 30 years ago, Professor Dick Netzer of NYU asked the question “Do We Really Need a National Infrastructure Policy?” and came to the conclusion that we did not. As the Biden Administration prepares to roll out a multi-trillion dollar infrastructure package, the nation is faced with numerous questions regarding the infrastructure systems necessary to support continued economic growth and environmental sustainability. The purpose of this essay is to look to recent history for guidance for how to proceed by revisiting the underlying premises of the Netzer essay and reconsider whether a National Infrastructure Policy is needed. Because linking infrastructure to broader public policy objectives could both unite the nation and position it to address the many challenges that the 21st century will present, I believe the idea of a National Infrastructure Policy definitely deserves a second look.

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