首页|An empirical investigation of financial development and ecological footprint in South Asia:Bridging the EKC and pollution haven hypotheses

An empirical investigation of financial development and ecological footprint in South Asia:Bridging the EKC and pollution haven hypotheses

扫码查看
原文链接
  • NETL
  • NSTL
  • 万方数据
This research explores the dynamic relationships between ecological footprint,economic performance,financial development,energy usage,and foreign direct investment(FDI)in South Asian economies uti-lizing the panel data from 1971 to 2018.In panel data analysis,conventional methods generally ignore the issues of cross-sectional dependency and the heterogenous nature of cross-sectional units.The other concern with the existing research is that most of the studies ignore the significance of ecological foot-print while evaluating financial development and FDI as sources of environmental changes.The long-term relationship among the indicators is tested utilizing the Westerlund cointegration test.The findings support both environmental Kuznets curve and pollution haven hypotheses for South Asian economies.Besides,the empirical findings suggest that financial development increases environmental conservation while energy usage substantially disrupts the environment of the selected south Asian nations.Additionally,the heterogeneous causality analysis reveals the causal relationships between the variables.Thus,overall results recommend that the South Asian economies need to boost economic growth without compromising the environment,decrease fossil fuel usage,enhance financial sector growth and incen-tivize environmentally friendly FDI to conserve the environment in the region.

Energy consumptionFinancial developmentEcological footprintFDISouth Asia

Ilhan Ozturk、Sohail Farooq、Muhammad Tariq Majeed、Marinko Skare

展开 >

College of Business Administration,University of Sharjah,Sharjah,United Arab Emirates

Faculty of Economics,Administrative and Social Sciences,Nisantasi University,Istanbul,Turkey

Hazara University Mansehra,Pakistan

School of Economics,Quaid-i-Azam University,Islamabad,Pakistan

Faculty of Economics and Tourism"Dr.Mijo Mirkovic,",Juraj Dobrila University of Pula,Pula,Croatia

University of Economics and Human Sciences in Warsaw,Poland

展开 >

2024

10.1016/j.gsf.2023.101588

地学前缘(英文版)
中国地质大学（北京） 北京大学

地学前缘(英文版)

CSTPCD
影响因子：0.576
ISSN：1674-9871
年,卷(期)：2024.15(4)
  • 2
  • 82