The role of technological innovation in environmental pollution, energy consumption and sustainable economic growth: Evidence from South Asian economies

Mughal N. Arif A. Jain V. Chupradit S. Shabbir M.S. Ramos-Meza C.S. Zhanbayev R.
January 2022 Elsevier Ltd

Energy Strategy Reviews
2022 #39

This study examines the causal relationship among technological innovation (TI), environment pollution (EP), energy consumption (EC) and sustainable economic growth (SEG) from selected South Asian economies. In order to identify the causal association between energy growth and nexus of CO₂ emissions, this study is employed the premises of the EKC framework. This study has used annual time series data set from world development indicator (WDI), start from 1990 to 2019. The result of a fully modified ordinary least square (FMOLS) method describes a significantly worsen the quality environment in the south Asian region. The individual country as Bangladesh shows a positively significant impact on the CO₂ emissions and destroying the level of environment regarding non-renewable and renewable energy and technological innovation index. However, negative and positive values of growth (GDP) and square of GDP respectively confirm the EKC hypothesis in this region. This study has identified the causality between GDP growth and carbon emission and found bidirectional causality between economic growth and energy use.

Energy consumption , Environment management , South Asian economies , Sustainable economic growth , Technological innovations

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School of Economics and Finance, Xian Jiaotong University, Shaanxi, China
Department of Economics, University of Wah, 47040, Wah Cantt, Pakistan
Teerthankar Mahaveer University Moradabad, Uttar Pradesh, India
Chiang Mai University Thailand, Thailand
University of Lahore, Pakistan
CENTRUM Catolica Graduate Business School, Lima, Peru
The University of Power Engineering and Telecommunications Gumarbek, Daukeev, Kazakhstan

School of Economics and Finance
Department of Economics
Teerthankar Mahaveer University Moradabad
Chiang Mai University Thailand
University of Lahore
CENTRUM Catolica Graduate Business School
The University of Power Engineering and Telecommunications Gumarbek

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