Evaluating the Role of Natural Resources, and Financial Development on Ecological Footprint in Pakistan: An ARDL Approach DOI Creative Commons

Rana Israr Ahmad,

Sharafat Ali,

Hafiz Muhammad Rizwan Khan

et al.

iRASD Journal of Economics, Journal Year: 2024, Volume and Issue: 6(1), P. 80 - 97

Published: Feb. 27, 2024

The role of economic growth, natural resources and financial development on ecological footprints in Pakistan. Data is applied between 1980 2021. Using ARDL bounds testing cointegration approach, the result signifies that development, have statistically significant with ecologic footprint. however, growth has positive effect Natural resources, expansion, were shown to be driving forces behind increase footprint because they all a influence it. In long period, Pakistan data also supported actuality Ecofriendly Kuznets Curve theory. Hence, situation advised raise public mindfulness implementation defensible applies everyday lifespan routine environmental technology offer greatest efficacy tiniest volume damage business household actions. Ultimately, based research findings, thorough policy framework was suggested, which would enable economy achieve Sustainable Development Goals.

Language: Английский

Evaluating the Role of Natural Resources, and Financial Development on Ecological Footprint in Pakistan: An ARDL Approach DOI Creative Commons

Rana Israr Ahmad,

Sharafat Ali,

Hafiz Muhammad Rizwan Khan

et al.

iRASD Journal of Economics, Journal Year: 2024, Volume and Issue: 6(1), P. 80 - 97

Published: Feb. 27, 2024

The role of economic growth, natural resources and financial development on ecological footprints in Pakistan. Data is applied between 1980 2021. Using ARDL bounds testing cointegration approach, the result signifies that development, have statistically significant with ecologic footprint. however, growth has positive effect Natural resources, expansion, were shown to be driving forces behind increase footprint because they all a influence it. In long period, Pakistan data also supported actuality Ecofriendly Kuznets Curve theory. Hence, situation advised raise public mindfulness implementation defensible applies everyday lifespan routine environmental technology offer greatest efficacy tiniest volume damage business household actions. Ultimately, based research findings, thorough policy framework was suggested, which would enable economy achieve Sustainable Development Goals.

Language: Английский

Citations

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