Dynamic relationship between technological innovations, financial development, renewable energy, and ecological footprint: fresh insights based on the STIRPAT model for Asia Pacific Economic Cooperation countries

Usman, Muhammad; Hammar, Nesrine

doi:10.1007/s11356-020-11640-z

Cited by 343 publications

(146 citation statements)

References 94 publications

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“…Further findings reveal a unidirectional causality from energy efficiency, urbanization, and investment in agriculture to ecological footprint. These findings are consistent with the results of [78]. Finally, the model diagnostic statistics are provided in Table 9.…”

Section: Resultssupporting

confidence: 89%

Link between Technically Derived Energy Efficiency and Ecological Footprint: Empirical Evidence from the ASEAN Region

et al. 2021

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The sustainable environment has been a desired situation around the world for the last few decades. Environmental contaminations can be a consequence of various economic activities. Different socio-economic factors influence the environment positively or negatively. Many previous studies have resulted in the efficient allocation of inputs as an environment-friendly component. This paper investigates the effects of energy efficiency on ecological footprint in the ASEAN region using balanced panel data from 2001 to 2019. First, this paper technically derives the energy efficiency, using the stochastic frontier analysis (SFA) of the translog production type of single output and multiple inputs. Findings of the SFA show that the Philippines and Singapore have the highest energy efficiency (94%) and Laos has the lowest energy efficiency (85%) in the ASEAN region. The estimated average efficiency score of the ASEAN region was around 90%, ranging from 85% to 96%, indicating that there is still 10% room for improvement in energy efficiency. Second, this study employed the panel autoregressive distributed lag (ARDL) model to explore the short run and long run impact of technically derived energy efficiency on ecological footprint in the ASEAN region. Results of the panel ARDL model show that energy efficiency is a reducing factor of ecological footprint in the long run. Moreover, energy efficiency plays a significant role to control the environmental contaminations. In addition, results of this study also explored that urbanization is an increasing factor of ecological footprint, and investment in agriculture is also beneficial for the environment. Moreover, to obtain the directional nature of the associations between the ecological footprint and its independent variables, this paper has employed the paired-panel Granger causality test. The results of the paired wise panel Granger causality test also confirm that the energy efficiency, urbanization, and investment in agriculture cause ecological footprint. Finally, this study recommends that efficient utilization of energy resources as well as investment in agriculture are necessary for sustainable environment.

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Section: Resultssupporting

confidence: 89%

Link between Technically Derived Energy Efficiency and Ecological Footprint: Empirical Evidence from the ASEAN Region

et al. 2021

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“…Second, the STIRPAT framework facilitates hypothesis decomposition and analytical research, which is critical for aggressive environmental policies aimed at reducing carbon emissions [26][27][28]. Third, the STIRPAT framework allows for the assessment of important anthropogenic factors, such as economic development, energy use, population, health, and awareness, which are likely to represent human activity in the environment [29,30]. Thus, the relationship is stated as follows:…”

Section: Empirical Modelmentioning

confidence: 99%

Decomposing the Persistent and Transitory Effect of Information and Communication Technology on Environmental Impacts Assessment in Africa: Evidence from Mundlak Specification

Shobande

2021

Sustainability

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This study examines the persistent and transitory effects of information and communication technology (ICT) on the environmental impact assessment in Africa. The applied advanced econometrics is based on both the Mundlak and Hausman–Taylor methodology for correcting endogeneity and the feasible generalized least squares (FGLS) method to identify any potential cross-panel correlation. The empirical evidence suggests that an increase in ICT (Internet penetration) has a positive transitory effect on the environment. On the contrary, an increase in ICT has a negative persistent effect on the environment. This implies that a temporary change in ICT usage increases carbon emissions, whereas ICT use can reduce carbon emissions in the long run. In addition, this study identified mediums through which ICT can affect the environment, such as energy consumption. Therefore, this study recommends continuous investment in ICT infrastructure and education on the importance of practicing environmentally sustainable practices. Similarly, energy conservation is critical because use of the Internet appears to indirectly increase energy usage by increasing the overall productivity of the economy, which may subsequently degrade the environment.

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“…However, CO 2 emissions as a proxy of environmental deprivation do not deliberate the resources, i.e., forest, fishing, oil, mining, and soil (Ulucak and Apergis 2018). In this circumstance, ecological footprint (EF) is widely known as a more inclusive indicator of environmental degradation (Dogan et al 2020;Usman and Hammar 2020;Kirikkaleli et al 2020;Ahmed et al 2020). The EF is contained of six different kinds of areas such as forest land, fishing grounds, cropland, carbon footprint, grazing land and build-up land that describe the wide concept of environmental quality.…”

Section: Introductionmentioning

confidence: 99%

Remittance inflows affect the ecological footprint in BICS countries: do technological innovation and financial development matter?

Yang

Jahanger

Ali

2021

Environ Sci Pollut Res

204

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This study examines the impact of remittance inflows, technological innovations, and financial development on environmental quality in Brazil, India, China, and South Africa (BICS) economies over 1990-2016. This study employed a comprehensive environment proxy, i.e., ecological footprint for environmental quality, and also considers more advanced and robust econometric (second-generation) techniques. The outcomes of the current study reveal that remittance inflows and financial development significantly deteriorate the environmental quality, while technological innovations are an essential factor for the reduction of ecological footprint level. Furthermore, the results of the interaction terms show a significantly adverse effect on the ecological footprint. Additionally, the findings of country-wise analysis reveal that remittance inflows and financial development worsen the environmental quality in each sample country, while the technological innovations promote the environmental sustainability that is steady with panel results. Besides, the environmental Kuznets curve (EKC) hypothesis was verified across the BICS economies. Consistent with the key findings, an inverted U-shaped relationship exists between economic growth and ecological footprint in the case of Brazil and South Africa. In contrast, the U-shaped EKC hypothesis exists in the case of China and India. For robust policy implication, the findings of this study highlighted the dire need for "green policy tools" that should be linked with the BICS economy policies and driver for sustained growth.

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Dynamic relationship between technological innovations, financial development, renewable energy, and ecological footprint: fresh insights based on the STIRPAT model for Asia Pacific Economic Cooperation countries

Cited by 343 publications

References 94 publications

Link between Technically Derived Energy Efficiency and Ecological Footprint: Empirical Evidence from the ASEAN Region

Link between Technically Derived Energy Efficiency and Ecological Footprint: Empirical Evidence from the ASEAN Region

Decomposing the Persistent and Transitory Effect of Information and Communication Technology on Environmental Impacts Assessment in Africa: Evidence from Mundlak Specification

Remittance inflows affect the ecological footprint in BICS countries: do technological innovation and financial development matter?

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