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Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator

Environment, development and sustainability, 2022-04, Vol.24 (4), p.4623-4640 [Peer Reviewed Journal]

The Author(s), under exclusive licence to Springer Nature B.V. 2021 ;The Author(s), under exclusive licence to Springer Nature B.V. 2021. ;ISSN: 1387-585X ;EISSN: 1573-2975 ;DOI: 10.1007/s10668-021-01625-4 ;PMID: 34230806

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Title:
Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator
Author: Rafique, Muhammad Zahid ; Nadeem, Abdul Majeed ; Xia, Wanjun ; Ikram, Majid ; Shoaib, Hafiz Muhammad ; Shahzad, Umer
Subjects: Complexity ; Developing countries ; Earth and Environmental Science ; Ecological footprint ; Ecology ; Economic development ; Economic Geology ; Economic Growth ; Economics ; Energy ; Environment ; Environmental Economics ; Environmental Management ; Estimators ; Footprint analysis ; Human capital ; International trade ; LDCs ; Least squares ; Panel data ; Renewable energy ; Renewable resources ; Sustainability ; Sustainable Development ; Trade ; Urbanization
Is Part Of: Environment, development and sustainability, 2022-04, Vol.24 (4), p.4623-4640
Description: The current decade has witnessed the rise of empirical research in the domain of ecological footprint which has become a major scholarly area among environmental researchers. However, many key factors determining ecological footprint have been inadequately dealt within the existing body of knowledge. The current research aims to explore the association between economic complexity, human capital, renewable energy generation, urbanization, economic growth, export quality, trade and ecological footprint for the top ten economic complex countries. This study applied panel data estimators, for instance, fully modified ordinary least squares (FMOLS), dynamic ordinary least squares (DOLS) and the system-GMM long-run estimators from 1980 to 2017. The long-run estimates reveal that economic complexity, economic growth, export quality, trade and urbanization increase ecological footprint. Human capital and renewable energy generation help to mitigate ecological footprint. We conclude that investment in more renewable energy generation and its consumption and efficient use of human capital will improve economic complexity, export quality, and environment in developed and developing countries.
Publisher: Dordrecht: Springer Netherlands
Language: English
Identifier: ISSN: 1387-585X
EISSN: 1573-2975
DOI: 10.1007/s10668-021-01625-4
PMID: 34230806
Source: ProQuest Central

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Does economic complexity matter for environmental sustainability? Using ecological footprint as an indicator

The Author(s), under exclusive licence to Springer Nature B.V. 2021 ;The Author(s), under exclusive licence to Springer Nature B.V. 2021. ;ISSN: 1387-585X ;EISSN: 1573-2975 ;DOI: 10.1007/s10668-021-01625-4 ;PMID: 34230806

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