Nexus between environmental, social and economic development in South Asia: evidence from econometric models
Article
Article Title | Nexus between environmental, social and economic development in South Asia: evidence from econometric models |
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ERA Journal ID | 212685 |
Article Category | Article |
Authors | Bansal, Sanchita (Author), Sharma, Gagan Deep (Author), Rahman, Mohammad Mafizur (Author), Yadav, Anshita Yadav (Author) and Garg, Isha (Author) |
Journal Title | Heliyon |
Journal Citation | 7 (1), pp. 1-10 |
Article Number | e05965 |
Number of Pages | 10 |
Year | 2021 |
Publisher | Elsevier |
Place of Publication | United Kingdom |
ISSN | 2405-8440 |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.heliyon.2021.e05965 |
Web Address (URL) | https://www.cell.com/heliyon/fulltext/S2405-8440(21)00070-0 |
Abstract | This study investigates the impact of various economic, social and environmental indicators on economic growth in South Asian countries. Using the data throughout 1990–2017, a panel data estimation method is adopted with sophisticated econometric approaches. The obtained results indicate a long-term positive effect of biological capacity, financial development, human development index, income inequality on economic growth while the effect of energy use is the opposite. The findings of the study suggest that governments and associated bodies must promote financial development, human development, and biocapacity to not only attain economic growth in the long-run and but dissuade ecological footprint, and income inequality at the same time while matching the energy consumption with the bio-capacity of each economy. |
Keywords | Ecological footprint; GDP; HDI; Panel data; Social development; South Asia |
ANZSRC Field of Research 2020 | 380204. Panel data analysis |
380105. Environment and resource economics | |
Byline Affiliations | Guru Gobind Singh Indraprastha University, India |
School of Commerce | |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q63y5/nexus-between-environmental-social-and-economic-development-in-south-asia-evidence-from-econometric-models
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