The effect of public–private partnership investment, financial development, and renewable energy consumption on the ecological footprint in South Asia and the Pacific region

Abstract

The improvement of environmental quality has become a major challenge for all countries. Against the strategic background of environmental protection, this study investigated the role of public–private partnership investment (PPPI) in energy and transport, financial development, and renewable energy on ecological footprint (EF) in South Asia and the Pacific region, utilizing the autoregressive distributive lag (ARDL) model spanning the time 1990–2017. The outcomes of the ARDL show that PPPI in energy and transport has a significantly positive effect on the EF in the full sample and Pacific region in the long run. Financial development has a positive impact on the EF in South Asia and the Pacific region in the long term. Renewable energy causes a significant and negative impact on the EF in the full sample in both time periods, and only in the short run in South Asia. As for the panel granger causalities test, PPPI in energy and transport and renewable energy has a negative causal relationship with the EF. The results also reveal that there is a unidirectional negative and positive causality from financial development to the EF in the long term in South Asia and the Pacific region, respectively. On the basis of the analysis, corresponding recommendations are proposed.

Boosting Energy Efficiency in Turkey: The Role of Public–Private Partnership Investment

“…For example, Yang et al [33] showed that public-private partnership investment in energy led to carbon emissions in the context of emerging economies, specifically the E-7 countries (China, Turkey, Russia, India, Indonesia, Brazil, and Mexico). Other empirical studies with similar conclusions include Ahmad and Raza [7] regarding Brazil, Kirikkaleli and Adebayo [30] regarding India, Shahbaz et al [6] and Lu et al [32] regarding China, Caglar et al [31] regarding the BRICS panel, Chunling et al [34] regarding Pakistan's ecological footprint, and Wen et al [35] regarding the ecological footprint of the South Asia and Pacific regions.…”

Marketing and Sustainable Economic Development of the Energy Complex: A Case Study of the Administrative And Legal Planning of a Public-Private Partnership

“…In our analysis, we focus on the selection of strategies that best meet the needs of sustainable development, while Cieślak engages in a more general review of the implementation and effectiveness of public-private partnerships using the case of Poland. A study by Wen et al (2022) assesses the impact of investments through public-private partnerships, financial development, and renewable energy consumption on environmental impact in South Asia and the Pacific. It shows the importance of built-in money strategies.…”