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Can intra-regional trade, renewable energy use, foreign direct investments, and economic growth mitigate ecological footprints in South Asia?

Murshed, Muntasir, Nurmakhanova, Mira, Al-Tal, Raad, Mahmood, Haider, Elheddad, Mohamed, Ahmed, Rizwan (2022) Can intra-regional trade, renewable energy use, foreign direct investments, and economic growth mitigate ecological footprints in South Asia? Energy Sources, Part B: Economics, Planning, and Policy, 17 (1). Article Number 2038730. ISSN 1556-7249. E-ISSN 1556-7257. (doi:10.1080/15567249.2022.2038730) (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:99271)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)
Official URL:
https://doi.org/10.1080/15567249.2022.2038730

Abstract

Environmental degradation has become a severe concern across South Asia. Hence, it is imperative to model the macroeconomic determinants of environmental quality across this region. The traditional fossil fuel dependency of the major South Asian nations is alleged to have persistently deteriorated the quality of the environment across this region. Under such circumstances, it can be hypothesized that intra-regional trade within South Asia can facilitate renewable electricity trade to enhance environmental well-being. Accordingly, this study aims to evaluate the impacts of intra-regional trade integration, renewable energy transition, economic growth, and foreign direct investment inflows on the ecological footprints of selected South Asian economies. The econometric methods used in this study are suited for handling cross-sectionally dependent heterogeneous panel datasets. The overall results reveal that promoting intra-regional trade, stimulating renewable energy transition, expediting economic growth, and impeding inflows of dirty foreign direct investments are imperative for reducing the ecological footprint figures of the South Asian nations of concern. Besides, the results also verify the environmental Kuznets curve hypothesis for the South Asian panel as well as for Bangladesh, Sri Lanka, Nepal, and Bhutan but not for India and Pakistan. Moreover, the pollution haven hypothesis is also verified for both the panel and the individual South Asian countries. In line with these findings, several environmental welfare improvement-related policies are recommended.

Item Type: Article
DOI/Identification number: 10.1080/15567249.2022.2038730
Uncontrolled keywords: Energy Engineering and Power Technology, Fuel Technology, General Chemical Engineering
Subjects: H Social Sciences > HF Commerce > HF5351 Business
Divisions: Divisions > Kent Business School - Division > Department of Accounting and Finance
Funders: University of Kent (https://ror.org/00xkeyj56)
SWORD Depositor: JISC Publications Router
Depositing User: JISC Publications Router
Date Deposited: 04 Jan 2023 16:45 UTC
Last Modified: 12 Jan 2023 09:36 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/99271 (The current URI for this page, for reference purposes)

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