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Investigation the impact of Information & Communication Technology, Foreign Direct Investment and Renewable Energy on Ecological Footprint? Evidence from South Asian Countries

Author

Listed:
  • Amira Shafaqat

    (M.Phil Scholar, Superior University Lahore, Pakistan)

  • Sobia Irshad

    (Government Queen Mary Graduate College Lahore, Pakistan)

  • Mubashar Ali

    (Faculty of Business Sciences Superior University Lahore, Pakistan)

  • Sajida Parveen

    (Research Scholar of Economics and Commerce, The Superior University Lahore, Pakistan)

  • Saif Ur Rahman

    (Associate Professor, School of Commerce and Economics, Superior University, Lahore, Pakistan)

Abstract

Today, environmental deterioration has become a serious problem throughout South Asia. The macroeconomic factors that influence the environmental quality across various regions must therefore be modelled. Under such circumstances, this study explores that how ecological footprint effected by information & communication technology, foreign direct investment, renewable energy for South Asian countries by utilizing panel data from 1990 to 2018. We use Granger Causality method and autoregressive distributed lag ARDL to check the cointegration, the long and short-term association and cointegration. The aggregate empirical results show a long-term, strong negative association among information & communication technologies, foreign direct investment and ecological footprint. On the other side, renewable energy positively and sustainably correlated with ecological footprint which reduce environmental degradation. Both Environmental Kuznets curves (EKC) and pollution haven hypothesis support our findings. Additionally, the findings show that developing information & communication technologies, making the switch to renewable energy sources and restricting foreign direct investment inflows are crucial for halting environmental degradation in the concerned South Asian nations. Numerous policies related to improve environmental welfare are advised in light of these findings.

Suggested Citation

  • Amira Shafaqat & Sobia Irshad & Mubashar Ali & Sajida Parveen & Saif Ur Rahman, 2024. "Investigation the impact of Information & Communication Technology, Foreign Direct Investment and Renewable Energy on Ecological Footprint? Evidence from South Asian Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 947-958.
    • Handle: RePEc:rfh:bbejor:v:13:y:2024:i:2:p:947-958
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    References listed on IDEAS

    as
    1. Audi, Marc & Ali, Amjad, 2019. "The Advancement in Information and Communication Technologies (ICT) and Economic Development: A Panel Analysis," MPRA Paper 93476, University Library of Munich, Germany.
    2. Najma Amin & Saif Ur Rahman & Sukaina Khalid & Sadia Idress, 2024. "How Does Tourism, Trade Openness and Green Energy Influence CO2 emissions? Evidence from ASEAN Countries," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 71-79.
    3. Nazik Maqsood & Tanveer Ahmad Shahid & Abaid Ul Rehman, 2024. "The Impact of Dividend and Tax Avoidance on Earning Management of Companies," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(1), pages 256-272.
    4. Jannat Saeed & Nazik Maqsood & Tanveer Ahmad Shahid & Hina Amir & Abaid Ul Rehman & Kanwal Bilal, 2024. "Impacts of Social Capital, Financial Literacy and Financial Inclusion on Economic Growth of a Primary Data Analysis: Evidence from Pakistan Special Focus on Listed Banks," Bulletin of Business and Economics (BBE), Research Foundation for Humanity (RFH), vol. 13(2), pages 637-646.
    5. Saif ur Rahman & Nor’Aznin Abu Bakar, 2019. "Manufacturing sector in Pakistan: A Comprehensive Review for the Future Growth and Development," Pakistan Journal of Humanities and Social Sciences, International Research Alliance for Sustainable Development (iRASD), vol. 7(1), pages :77-91, March.
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