Nexus between environmental, social and economic development in South Asia: evidence from econometric models

Bansal, Sanchita and Sharma, Gagan Deep and Rahman, Mohammad Mafizur and Yadav, Anshita Yadav and Garg, Isha (2021) Nexus between environmental, social and economic development in South Asia: evidence from econometric models. Heliyon, 7 (1):e05965. pp. 1-10. ISSN 2405-8440

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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.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Faculty/School / Institute/Centre: Historic - Faculty of Business, Education, Law and Arts - School of Commerce (1 Jul 2013 - 17 Jan 2021)
Date Deposited: 23 Feb 2021 23:40
Last Modified: 17 Aug 2021 03:06
Uncontrolled Keywords: Ecological footprint; GDP; HDI; Panel data; Social development; South Asia
Fields of Research (2008): 14 Economics > 1402 Applied Economics > 140202 Economic Development and Growth
14 Economics > 1403 Econometrics > 140304 Panel Data Analysis
14 Economics > 1402 Applied Economics > 140299 Applied Economics not elsewhere classified
Fields of Research (2020): 38 ECONOMICS > 3802 Econometrics > 380204 Panel data analysis
38 ECONOMICS > 3801 Applied economics > 380105 Environment and resource economics
Socio-Economic Objectives (2008): D Environment > 96 Environment > 9601 Air Quality > 960199 Air Quality not elsewhere classified
B Economic Development > 91 Economic Framework > 9199 Other Economic Framework > 919902 Ecological Economics
Identification Number or DOI: https://doi.org/10.1016/j.heliyon.2021.e05965
URI: http://eprints.usq.edu.au/id/eprint/41408

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