首页|Contribution of hydro energy production,economic complexity and technological innovation in achieving an environmentally sustainable Asia
Contribution of hydro energy production,economic complexity and technological innovation in achieving an environmentally sustainable Asia
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The impact of hydro energy production,economic complexity,urbanization,technological innovation and financial development on environmental sustainability between 1995 and 2017 is examined for a panel of thirteen Asian economies using two environmental proxies-their ecological footprint and CO2 emissions.The non-parametric Driscoll-Kraay standard error method and the Dumitrescu-Hurlin panel causality test are applied to the data.Our findings show that hydro energy production and technological innovation have a significant negative impact on the environment,thus promoting environmental sustainability.Economic complexity significantly lowers environmental sustainability while the non-linear effect of economic com-plexity favors environmental sustainability;this confirms the existence of an economic-complexity-based inverted-U-shaped environmental Kuznets curve hypothesis.Moreover,urbanization and financial develop-ment significantly decrease environmental sustainability.The results of our study confirm the feedback causality between hydro energy production and carbon dioxide emissions.We recommend expansionary policies regarding hydro energy production that are beneficial for substituting fossil fuel energy.This paves a path towards environmental sustainability in this era of global boiling.
Hydro energy productionEnvironmental sustainabilityGlobal boilingEconomic complexityAsian countriesPanel corrected standard error
Farah Rana、Bilal Hussain、Abdelmohsen A.Nassani、Ayesha Hussain、Mohamed Haffar、Syed Asif Ali Naqvi
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Department of Economics,Government College University,Faisalabad,Pakistan
Government Graduate College Gojra,Toba Tek Singh,Pakistan
Department of Management,College of Business Administration,King Saud University,P.O.Box 71115,Riyadh 11587,Saudi Arabia
Department of Home Economics,Government College Women University Faisalabad,Pakistan
Department of Management,Birmingham Business School,University of Birmingham,United Kingdom
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Researchers Supporting Project numberKing Saud University,Riyadh,Saudi Arabia
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