| Title | Impacts of mineral resources, economic growth and energy consumption on environmental sustainability: Novel findings from global south region |
|---|---|
| ID_Doc | 8329 |
| Authors | Zheng, Y; Tarczynski, W; Jamróz, P; Raza, SA; Tiwari, S |
| Title | Impacts of mineral resources, economic growth and energy consumption on environmental sustainability: Novel findings from global south region |
| Year | 2024 |
| Published | |
| Abstract | This study investigates the dynamic effect of mineral markets, economic growth, urbanization, financial development, non-green and green energy consumption on environmental sustainability. In this context, CSARDL, QLARDL, and Dumitrescu Hurlin Panel Causality approaches are used to estimate the panel data collected from seven Global South countries from 1992 to 2019. Results suggested that the mineral market, green energy and green financial development positively impact environmental sustainability at various quantile levels. On the contrary, urbanization and energy consumption have a negative impact on LCC, but these effects are statically insignificant in the short run, while green energy improves environmental quality in the long run. At the same time, financial development and economic growth have significant negative impacts on LCP, in the long run, reporting how the financial development in the world is not concerned about environmental issues. Moreover, the circular economy plays a crucial role in maintaining environmental sustainability by balancing mineral markets, economic growth, financial development, urbanization and energy consumption. Based on the empirical findings, several policy implications are suggested to selected global south countries to improve environmental sustainability through green energy transition and financial development without halting economic growth. |
Similar Articles
| ID | Score | Article |
|---|---|---|
33163
|
Wang, L; Ye, FY; Lin, JL; Bibi, N Exploring the impact of climate technology, financial inclusion and renewable energy on ecological footprint: Evidence from top polluted economies(2024)Plos One, 19.0, 4 | |
| 69618
|
Jain, M; Nagpal, A Relationship Between Environmental Sustainability and Human Development Index: A Case of Selected South Asian Nations(2019)Vision-The Journal Of Business Perspective, 23.0, 2 | |
| 31106
|
Saqib, N; Usman, M; Ozturk, I; Sharif, A Harnessing the synergistic impacts of environmental innovations, financial development, green growth, and ecological footprint through the lens of SDGs policies for countries exhibiting high ecological footprints(2024) | |
| 76907
|
Zhu, HY; Chen, Z; Xia, DR; Nassani, AA; Ul Hameed, W Integrating fintech in natural resource management: Assessing the EKC hypothesis for sustainable development in E7 countries(2024) | |
| 31989
|
Li, C; Sampene, AK; Agyeman, FO; Brenya, R; Wiredu, J The role of green finance and energy innovation in neutralizing environmental pollution: Empirical evidence from the MINT economies(2022) | |
| 35662
|
Amin, N; Shabbir, MS; Song, HM; Farrukh, MU; Iqbal, S; Abbass, K A step towards environmental mitigation: Do green technological innovation and institutional quality make a difference?(2023) | |
| 33100
|
Sethi, P; Chakrabarti, D; Bhattacharjee, S Globalization, financial development and economic growth: Perils on the environmental sustainability of an emerging economy(2020)Journal Of Policy Modeling, 42.0, 3 | |
| 31131
|
Manigandan, P; Alam, MS; Murshed, M; Ozturk, I; Altuntas, S; Alam, MM Promoting sustainable economic growth through natural resources management, green innovations, environmental policy deployment, and financial development: Fresh evidence from India(2024) | |
| 31930
|
Nathaniel, SP; Ahmed, Z; Shamansurova, Z; Fakher, HA Linking clean energy consumption, globalization, and financial development to the ecological footprint in a developing country: Insights from the novel dynamic ARDL simulation techniques(2024)Heliyon, 10, 5 | |
| 15026
|
Dasanayaka, CH; Perera, YS; Abeykoon, C Investigating the effects of renewable energy utilization towards the economic growth of Sri Lanka: A structural equation modelling approach(2022) |