ICT and education as determinants of environmental quality: The role of financial development in selected Asian countries

Zafar, Muhammad Wasif; Zaidi, Syed Anees Haider; Mansoor, Sadia; Sinha, Avik; Qin, Quande

doi:10.1016/j.techfore.2022.121547

Cited by 116 publications

(45 citation statements)

References 70 publications

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“…The empirical results of both estimation techniques, i.e., Penal Quantile regression and Dynamic Fixed Effect, showed positive coefficients for ICT in both the short and long run, hence we noticed that ICT did not improve environmental quality in the region, rather it caused environmental degradation. Some of the previous research also highlighted similar footprints of ICT with environmental quality (Shobande and Ogbeifun, 2022;Zafar et al, 2022). Our results also highlighted the impact of renewable energy on environmental performance in this part of the world, and showed that renewable energy contributed to environmental quality.…”

Section: Conclusion and Policy Implicationssupporting

confidence: 82%

Exploring the Role of Information Communication Technology and Renewable Energy in Environmental Quality of South-East Asian Emerging Economies

Zeeshan

Han

Rehman

et al. 2022

Front. Environ. Sci.

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We have extended the literature on how information communication technology (ICT) and renewable energy relates to environmental quality in South-East Asia. Earlier literature has mostly focused on individual country cases, and regional investigations, especially in South-East Asian, are largely absent from the existing body of knowledge. The use of ICT and renewable energy are among the top priorities of each economy in this region. We pursued this study with the intention of identifying trends in the way these countries use ICT and renewable energy, and how these emerging factors contribute to their environmental performance. We analyzed the annual data of six countries from between 2000 and 2018, using Panel Quantile Regression, and Dynamic Fixed Effect estimation techniques to test both the hypothesized short-run and long-run relationship between ICT and renewable energy use and environmental quality. Our empirical results reveal the non-mitigating effect of ICT on CO2 emission, confirming that ICT use in this region does not improve environmental performance, but rather causes more environmental degradation. Renewable energy, on the other hand, results in a significant contribution to environmental quality in this region. Our results are consistent with multiple studies in the existing body of knowledge. The findings are very meaningful and useful for policymakers in these countries to help them to frame strategies for renewable energy and ICT use practices that favor the environment.

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Section: Conclusion and Policy Implicationssupporting

confidence: 82%

Exploring the Role of Information Communication Technology and Renewable Energy in Environmental Quality of South-East Asian Emerging Economies

Zeeshan

Han

Rehman

et al. 2022

Front. Environ. Sci.

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show abstract

“…Awad and Albaity [18] revealed that, in addition to the direct contribution of ICT to growth, ICT indirectly promotes economic growth through investment, openness, and education. Other studies have disclosed that digital technology provides a means to help the economy achieve sustainable development [19,20] as well as that digital facilities increase energy demand and pose additional challenges to sustainability [21]. The impact of ICT adoption on the economic performance of enterprises is the most widely discussed topic.…”

Section: Review Of Related Literaturementioning

confidence: 99%

“…The digital economy weakens the space and time constraints of information transmission and expands the effective circulation of data elements, which in turn strengthens the depth and breadth of coordinated economic development between regions. With the digitalization of industry, enterprises in the industrial chain can share knowledge, the convenience of technology and management is improved, and cooperation between the upstream and downstream industrial chains among regions can be strengthened [19]. In addition, digital finance can meet the demands of consumers and enterprises in different regions, promoting the flow and sharing of elements between regions by foregoing geophysical limitations, thus improving the effect of resource allocation and upgrading the industrial structure between regions [53].…”

Section: The Spatial Spillover Of the Digital Economy On The Industri...mentioning

confidence: 99%

Does the Digital Economy Promote Upgrading the Industrial Structure of Chinese Cities?

Zhao

Peng²,

Wen³

et al. 2022

Sustainability

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As the driving force for the upgrading of the global industrial structure, digital technology has been at the helm of transforming the current economic and technological paradigm. This study empirically analyzes the role of the digital economy in the upgrading industrial structure using panel data from 237 prefecture-level cities in China from 2011–2019. Empirical results show that the development of the digital economy has a significant positive and direct effect on the upgrading of industrial structure, as measured by the two indicators of advancement and servitization. In addition, the digital economy significantly promotes upgrading of the technological progress and human capital of Chinese cities, thus promoting upgrading of the industrial structure. Moreover, the spatial autoregressive model (SAR) and the Spatial Durbin model (SDM) both show that the digital economy has a positive spatial spillover effect on upgrading of the industrial structure.

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“…The rise of the information and communication technology (ICT) era has produced various advantages for economies (Zafar et al, 2022). ICT facilitates trade by allowing new markets to interact and creates growth opportunities for developed and developing economies.…”

Section: Introductionmentioning

confidence: 99%

“…However, the growth of ICT userdevices worldwide through mobile banking, e-government, and social media has a critical effect on energy consumption. The demand for energy is on the rise and in turn, the proportion of ICT to greenhouse gas emissions will ultimately increase, leading to environmental degradation (Zafar et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

How does financial inclusion affect environmental degradation in the six oil exporting countries? The moderating role of information and communication technology

Damrah

Šatrović

Shawtari

2022

Front. Environ. Sci.

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Progress in financial inclusion has played a major role in economic development and poverty reduction. However, the environmental impact of financial inclusion calls for urgent implementation of environmental strategies to mitigate climate change. Financial inclusion forces the policies of developed countries to advance and not affect the present and future development of developing countries. Therefore, the current study aims to investigate the direct effects of information and communication technology (ICT) usage on environment as well as its moderating role on the association between financial inclusion and environmental degradation for six oil exporting countries (United Arab Emirates, Saudi Arabia, Russia, Kuwait, Canada, and the United States), using annual panel data from 1995 to 2019. We also analyze the validity of the environmental Kuznets curve (EKC) phenomenon for the entire sample, as well as the role of energy consumption and population. Employing the Method of Moments Quantile Regression (MMQR) with fixed effects, this study supported the existence of EKC phenomenon here as linkage amid human development index and carbon intensity. We find that energy consumption significantly increases carbon intensity. The empirical results showed that the application of internet- and mobile use as indicators of ICT usage lead to environmental preservation in the six oil exporting economies. Also, we observe that financial inclusion has mitigating effects on pollutant emissions, contributing to environmental preservation. Interaction between ICT usage and financial inclusion jointly reduces carbon intensity in all quantile distributions. A robustness check using an alternative proxy of the financial inclusion also confirms that ICT usage significantly and negatively moderates the association between financial inclusion and carbon intensity. Based on the findings of this study, the selected oil exporting countries should integrate financial inclusion with environmental policies to reduce carbon intensity.

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ICT and education as determinants of environmental quality: The role of financial development in selected Asian countries

Cited by 116 publications

References 70 publications

Exploring the Role of Information Communication Technology and Renewable Energy in Environmental Quality of South-East Asian Emerging Economies

Exploring the Role of Information Communication Technology and Renewable Energy in Environmental Quality of South-East Asian Emerging Economies

Does the Digital Economy Promote Upgrading the Industrial Structure of Chinese Cities?

How does financial inclusion affect environmental degradation in the six oil exporting countries? The moderating role of information and communication technology

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