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The impact of economic development on environmental sustainability: evidence from the Asian region

Tasnim Ahmed, Mohammad Mazibar Rahman, Mahbuba Aktar, Anupam Das Gupta, Abedin Abedin

Environment, Development and Sustainability, Volume: 25, Issue: 4, Pages: 3523 - 3553

Swansea University Author: Abedin Abedin

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DOI (Published version): 10.1007/s10668-022-02178-w

Abstract

This study investigates the relationship between economic development and environmental sustainability (ES) of 42 Asian countries from 2000 to 2017. We propose an ordinary least square (OLS) and fully modified ordinary least square (FMOLS) model to estimate the result. The OLS estimators of the bala...

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Published in: Environment, Development and Sustainability
ISSN: 1387-585X 1573-2975
Published: Springer Science and Business Media LLC 2023
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URI: https://cronfa.swan.ac.uk/Record/cronfa64273
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spelling v2 64273 2023-08-31 The impact of economic development on environmental sustainability: evidence from the Asian region 4ed8c020eae0c9bec4f5d9495d86d415 Abedin Abedin Abedin Abedin true false 2023-08-31 BAF This study investigates the relationship between economic development and environmental sustainability (ES) of 42 Asian countries from 2000 to 2017. We propose an ordinary least square (OLS) and fully modified ordinary least square (FMOLS) model to estimate the result. The OLS estimators of the balanced panel data on the aggregate sample and six subgroups of ecological area evidence some key findings. These are: (i) There is a significant positive linear relationship between economic growth (EG) and ecological footprint (EF); however, the relationship between EG and biocapacity (BC) is nonlinear. (ii) Among the subgroups that build up the land, samples depict a linear relationship with EG in EF and BC cases. (iii) Other than carbon-absorbing land and grazing land in the subgroup of EF, all other subgroups against environmental sustainability parameters show a nonlinear relationship with EG. (iv) The inverted U-shape curve is evident in Asian countries in explaining the relationship between EG and ES, and the impact of development indicator (GDP) on ecological subgroups is heterogeneous. The cointegration tests of the FMOLS model suggest the existence of a long-term relationship between the variables. Finally, the empirical observations show a growing trend of ecological deficit in Asia and advocate rapid policy development for environment-friendly economic development. Journal Article Environment, Development and Sustainability 25 4 3523 3553 Springer Science and Business Media LLC 1387-585X 1573-2975 Economic development, environmental sustainability, OLS, FMOLS, Asia 1 4 2023 2023-04-01 10.1007/s10668-022-02178-w http://dx.doi.org/10.1007/s10668-022-02178-w COLLEGE NANME Accounting and Finance COLLEGE CODE BAF Swansea University 2023-09-19T16:11:15.6243345 2023-08-31T19:07:37.6520057 Faculty of Humanities and Social Sciences School of Management - Accounting and Finance Tasnim Ahmed 1 Mohammad Mazibar Rahman 2 Mahbuba Aktar 3 Anupam Das Gupta 4 Abedin Abedin 5
title The impact of economic development on environmental sustainability: evidence from the Asian region
spellingShingle The impact of economic development on environmental sustainability: evidence from the Asian region
Abedin Abedin
title_short The impact of economic development on environmental sustainability: evidence from the Asian region
title_full The impact of economic development on environmental sustainability: evidence from the Asian region
title_fullStr The impact of economic development on environmental sustainability: evidence from the Asian region
title_full_unstemmed The impact of economic development on environmental sustainability: evidence from the Asian region
title_sort The impact of economic development on environmental sustainability: evidence from the Asian region
author_id_str_mv 4ed8c020eae0c9bec4f5d9495d86d415
author_id_fullname_str_mv 4ed8c020eae0c9bec4f5d9495d86d415_***_Abedin Abedin
author Abedin Abedin
author2 Tasnim Ahmed
Mohammad Mazibar Rahman
Mahbuba Aktar
Anupam Das Gupta
Abedin Abedin
format Journal article
container_title Environment, Development and Sustainability
container_volume 25
container_issue 4
container_start_page 3523
publishDate 2023
institution Swansea University
issn 1387-585X
1573-2975
doi_str_mv 10.1007/s10668-022-02178-w
publisher Springer Science and Business Media LLC
college_str Faculty of Humanities and Social Sciences
hierarchytype
hierarchy_top_id facultyofhumanitiesandsocialsciences
hierarchy_top_title Faculty of Humanities and Social Sciences
hierarchy_parent_id facultyofhumanitiesandsocialsciences
hierarchy_parent_title Faculty of Humanities and Social Sciences
department_str School of Management - Accounting and Finance{{{_:::_}}}Faculty of Humanities and Social Sciences{{{_:::_}}}School of Management - Accounting and Finance
url http://dx.doi.org/10.1007/s10668-022-02178-w
document_store_str 0
active_str 0
description This study investigates the relationship between economic development and environmental sustainability (ES) of 42 Asian countries from 2000 to 2017. We propose an ordinary least square (OLS) and fully modified ordinary least square (FMOLS) model to estimate the result. The OLS estimators of the balanced panel data on the aggregate sample and six subgroups of ecological area evidence some key findings. These are: (i) There is a significant positive linear relationship between economic growth (EG) and ecological footprint (EF); however, the relationship between EG and biocapacity (BC) is nonlinear. (ii) Among the subgroups that build up the land, samples depict a linear relationship with EG in EF and BC cases. (iii) Other than carbon-absorbing land and grazing land in the subgroup of EF, all other subgroups against environmental sustainability parameters show a nonlinear relationship with EG. (iv) The inverted U-shape curve is evident in Asian countries in explaining the relationship between EG and ES, and the impact of development indicator (GDP) on ecological subgroups is heterogeneous. The cointegration tests of the FMOLS model suggest the existence of a long-term relationship between the variables. Finally, the empirical observations show a growing trend of ecological deficit in Asia and advocate rapid policy development for environment-friendly economic development.
published_date 2023-04-01T16:11:18Z
_version_ 1777479218537431040
score 11.01306

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