Environmental sustainability through aggregate demand and knowledge economy interaction—a case of very high–HDI countries

Iqbal, Mubasher; Kalim, Rukhsana

doi:10.1007/s11356-023-27220-w

Cited by 8 publications

(10 citation statements)

References 99 publications

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“…Its reaction is a polluted environment. 2022) and Iqbal and Kalim (2023) regarding the findings of trade liberalization are quite similar to the findings of this research. Both are responsible for environmental deterioration.…”

Section: Discussion On the Resultssupporting

confidence: 88%

“…Moreover, the findings of Petrović and Lobanov (2022) and Xu et al (2022) regarding financial development and those of Ibrahim (2022) and Iqbal and Kalim (2023) regarding the findings of trade liberalization are quite similar to the findings of this research. Both are responsible for environmental deterioration.…”

Section: Resultssupporting

confidence: 85%

“…Moreover, in many countries the share of energy in producing a certain quantity is increasing hence continuous pressure on the energy demand is felt and is leading to environmental deterioration. Many recent studies Iqbal and Kalim, 2023) have validated this situation. Domestic credit to the private sector by banks represents financial development and is responsible for environmental breakdown through economic activities.…”

Section: Literature Reviewmentioning

confidence: 73%

“…However, the desire to attain immeasurable economic growth endorses economies toward environmental deterioration. According to research by Iqbal and Kalim (2023), the knowledge economy has the potential to contribute globally to promoting environmental sustainability by moderating the EKC. This effect applies to both U-shaped and inverted U-shaped EKC.…”

Section: Methodsmentioning

confidence: 99%

“…However, trade liberalization has a wide-reaching influence on environmental quality. Studies such as Ali et al (2019), Dou et al (2021), Ibrahim (2022) and Iqbal and Kalim (2023) have found trade liberalization responsible for environmental damage.…”

Section: Literature Reviewmentioning

confidence: 99%

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Environmental sustainability through aggregate demand behavior – Does knowledge economy have global responsibility?

Iqbal

Kalim

Ul-Durar

et al. 2023

JGR

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Purpose This study aims to consider environmental sustainability, a global challenge under the preview of sustainable development goals, highlighting the significance of knowledge economy in attaining sustainable aggregate demand behavior globally. For this purpose, 155 countries that have data available from 1995 to 2021 were selected. The purpose of selecting these countries is to test the global responsibility of the knowledge economy to attain environmental sustainability. Design/methodology/approach Results are estimated with the help of panel quantile regression. The empirical existence of aggregate demand-based environmental Kuznets curve (EKC) was tested using non-linear tests. Moreover, principal component analysis has been incorporated to construct the knowledge economy index. Findings U-shaped aggregate demand-based EKC at global level is validated. However, environmental deterioration increases with an additional escalation after US$497.945m in aggregate demand. As a determinant, the knowledge economy is reducing CO2 emissions. The knowledge economy has played a significant role in global responsibility, shifting the EKC downward and extending the CO2 reduction phase for every selected country. Further, urbanization, energy intensity, financial development and trade openness significantly deteriorate the environmental quality. Originality/value This study contains the empirical existence of aggregate demand-based EKC. The role of the knowledge economy is examined through an index which is calculated by using four pillars of the knowledge economy (technology, innovations, education and institutions). This study is based on a combined panel of all the countries for which the data was available.

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Section: Discussion On the Resultssupporting

confidence: 88%

Section: Resultssupporting

confidence: 85%

Section: Literature Reviewmentioning

confidence: 73%

Section: Methodsmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

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Environmental sustainability through aggregate demand behavior – Does knowledge economy have global responsibility?

Iqbal

Kalim

Ul-Durar

et al. 2023

JGR

Self Cite

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Uncovering the linkage among tourism diversification, economic development, energy consumption, population density, technology, and carbon emissions: empirical evidence from New Zealand

Erdogan,

Pata,

Okumus

et al. 2024

Air Qual Atmos Health

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Although the influence of tourism on the environment is a frequently studied topic, examining the impact of tourism diversification on carbon emissions is a recent area of research. In this context, this study examines the impacts of tourism diversification, income, energy consumption, research and development expenditures, and population density on carbon emissions in New Zealand for the period 1981–2020 using the Autoregressive Distributed Lag approach. The results illustrate that income, lower tourism diversification, and energy consumption increase carbon emissions, while an upsurge in population density and research and development expenditures minimizes environmental degradation. According to the findings, New Zealand’s intensification of tourism in certain areas increases the environmental damage. It is therefore recommended that the New Zealand government promote tourism diversification and research and development expenditures to achieve environmental sustainability goals.

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Urban Growth or Urban Sprawl: Exploring the Interplay of Resource Migration and Knowledge Economy for Environmental Sustainability

Iqbal,

Kalim,

Arshed

2024

J Knowl Econ

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Environmental sustainability through aggregate demand and knowledge economy interaction—a case of very high–HDI countries

Cited by 8 publications

References 99 publications

Environmental sustainability through aggregate demand behavior – Does knowledge economy have global responsibility?

Environmental sustainability through aggregate demand behavior – Does knowledge economy have global responsibility?

Uncovering the linkage among tourism diversification, economic development, energy consumption, population density, technology, and carbon emissions: empirical evidence from New Zealand

Urban Growth or Urban Sprawl: Exploring the Interplay of Resource Migration and Knowledge Economy for Environmental Sustainability

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