Analyzing the linkage between military spending, economic growth, and ecological footprint in Pakistan: evidence from cointegration and bootstrap causality

Spillover impacts of financial development and globalization on environmental quality in ASEAN countries

In the globalization era, the economic policy of a specific country might be influenced by the development of neighboring countries. Thus, this study aims to probe the direct and spillover effects of financial development, economic growth, and globalization on environmental sustainability in ASEAN countries during the period of 1992-2021. By applying three spatial regression models, the results are summarized: (1) There are positive spillover effects of financial development in neighboring countries on ecological footprint in a particular country; (2) Economic growth has a positive impact on ecological deficits in both the host country and neighboring countries in the short-run; (3) The expansion of globalization in neighboring countries has a negative spillover effect on the ecological footprint in a particular country and vice versa. Based on these findings, the study recommends that when a country formulates its economic policies, it is necessary to calculate the impact of that policy on neighboring countries and vice versa. Encouraging economic growth and expanding the money supply ought to go hand in hand with fostering greater integration. This integration is essential to counterbalance the potential adverse effects of these macroeconomic variables on environmental quality and ecological balance.

Assessing the interplay between political globalization, social globalization, democracy, militarization, and sustainable development: evidence from G-7 economies

Sustainable development can act as a catalyst in boosting environmental sustainability and human welfare by alleviating unsustainable production and consumption practices. Political globalization emerges as indispensable in increasing global environmental governance. In addition, social globalization, militarization, and democracy can also affect sustainable development. In light of the overlooked impacts of these crucial variables on sustainable development within prior research studies, this study investigates the heterogeneous effects of political globalization, militarization, social globalization, and democracy on sustainable development from 1990 to 2019 in the G-7 panel. The results obtained from the application of the methods of moment quantile regressions reveal that a one-percentage-point increase in political globalization yields a significant enhancement in sustainable development, ranging from 0.015 to 0.017% across the 10th to 90th quantiles. Contrarily, sustainable development exhibits a decline within the range of 0.025 to 0.028% across the 10th to 90th quantiles, on account of a 1% increase in social globalization. Likewise, militarization hampers sustainable development with a slightly increasing effect from the 10th to 90th quantiles. Gross fixed capital formation decreases sustainable development while the relationship between democracy and sustainable development indicates a negative correlation, which has not achieved statistical significance across the majority of quantiles. These novel outcomes are also verified by using some other regression tests. Subsequently, a detailed policy framework is presented for the purpose of fostering sustainable growth within the G-7 group.

Threats to conservation from national security interests

There is a growing trend of nation states invoking national security and emergency declarations to build state-sponsored infrastructure projects for border defense, energy production, and transportation. Established laws, regulations, and agreements for the protection of nature and cultural heritage within and between countries are becoming secondary to national security, compromising the function of protected areas, such as national parks, wilderness areas, and biosphere reserves that safeguard biodiversity, climate, and human health. We considered cases where decades-long multinational cross-border endangered species recovery programs have been jeopardized by waivers of environmental protection laws to facilitate rapid construction of border barriers that impede the movement and migration of animals, such as at the US-Mexico and Poland-Belarus borders. Renewable energy megaprojects, such as the Pinacate solar plant in Mexico, coupled with power transmission lines and road networks likewise cast a large footprint on the land and are being carried out with minimal to no environmental compliance under the guise of national security. National sovereignty likewise has been used as justification for bypassing laws to proceed with similar projects, such as Mexico's Dos Bocas refinery and Poland's Vistula Spit canal. Emphasis on security is also apparent in increasing military expenditure by the world's largest economies, which has created a mismatch with improvement in environmental policy stringency. Decisions to prioritize security can undermine democratic principles and environmental review protocols, trivialize humanity's dependence on functioning ecosystems, and contradict the United Nation's resolution on the human right to a healthy environment. Framing infrastructure projects as matters of national security also foments civil and political unrest by the labeling and casting of dissenters, including conservation scientists and environmental defenders, as antinational. World leaders must refrain from misusing extraordinary powers, adhere to laws and international agreements, and consult experts and local people before taking unilateral action on projects that affect ecological and human communities.

Achieving SDG-13 in the Era of Conflicts: The Roles of Economic Growth and Government Stability

Establishing effective climate control and reducing the ecological footprint (EF) are necessary for pursuing Sustainable Development Goals (SDGs), in particular Goal 13. In this context, it is required to enhance the understanding of various factors that can either decrease or enhance the EF. In the literature to date, limited studies on external conflicts (EX) have reported diverse results, and also the impacts of government stability (GS) on EF are less explored. This study explores the roles of external conflicts, economic growth, and government stability on EF in the context of SDG-13. The study also contributes to the literature by examining the environmental effects of government stability and external conflicts for the first time in Pakistan. This research uses time-series methodologies on data from Pakistan from 1984 to 2018 for exploring the long-run relations and causal dynamics. The results unfolded that external conflicts stimulate and Granger cause EF and therefore expand environmental deterioration. Thus, limiting conflicts is in the favor of Pakistan to achieve SDG-13. Surprisingly, government stability also poses harmful impacts on environmental quality by enhancing the EF, indicating that stable governments focus on improving economic conditions rather than environmental quality. Moreover, the study proves the validity of the environmental Kuznets curve. Policy suggestions are made to move forward in achieving SDG-13 and to evaluate the effectiveness of government environmental policies.

Environmental regulation, renewable electricity, industrialization, economic complexity, technological innovation, and sustainable environment: testing the N-shaped EKC hypothesis for the G-10 economies

This study examines the validity of the environmental Kuznets curve (EKC) hypothesis and the role of environmental regulation, renewable electricity, industrialization, economic complexity, and technological innovation in sustainable environment for the G-10 economies, namely, Belgium, Canada, Germany, Italy, Japan, Netherlands, Sweden, Switzerland, the United Kingdom, and the USA, from 1994 to 2020. We employed CS-ARDL (cross-sectional augmented distributed lag (CS-ARDL), FMOLS (fully modified ordinary least squares), and DOLS (dynamic ordinary least squares) for the analysis of the data. The estimates confirm the N-shaped EKC hypothesis between the GDP and CO2 emission. Moreover, the long-run estimates exhibit that environmental tax, renewable electricity, economic complexity, and technological innovation have negative effect on CO2 emission, while GDP, industrialization and arable land have positive effect on CO2 emission. Based on these findings, we propose that governments must implement large-scale government plans and initiatives to encourage the development of environmentally friendly technologies and ideas based on renewable energy. Moreover, further growing renewable energy, environmental policies like a carbon tax, investments in green technologies, subsidies, and rewards for renewable energy infrastructure investment should be taken into account.

Regional and spatial impacts of external and internal conflicts on ecological footprint: the case of Middle East and Africa

The economic and environmental structures of countries are greatly impacted by domestic and foreign conflicts. To promote sustainable development, it is crucial to understand the spatial impact of these conflicts on the ecological footprint of a region. With a focus on Middle Eastern and African countries, this paper investigates the impact of such conflicts on their environments, taking into consideration the unique spatial features of their ecological footprints. Using a spatial econometric model, the study assesses the contributions of ecological footprint determinants, particularly internal and external conflict indicators, across 46 Middle Eastern and African countries from 2001 to 2019. The results indicate that internal conflict can lead to increased pressure on natural resources and ecological systems in neighboring countries, while energy use and economic growth impose a significant ecological burden both domestically and abroad. While urbanization and resource rents were found to reduce the ecological footprint, trade openness was found to be nonsignificant. Conflicts such as war, foreign pressure, civil war, and civil disorder were found to have a significant negative impact on the environment, suggesting that reducing these conflicts would improve environmental circumstances. The findings highlight the need for conflict resolution measures to achieve a sustainable environment in the Middle Eastern and African regions and have implications for other countries facing similar issues.

CO2 emissions-energy consumption-militarisation-growth nexus in South Africa: evidence from novel dynamic ARDL simulations

This study draws ardent attention to the Sustainable Development Goal 13 (climate change mitigation) of the United Nations by investigating the CO₂ emissions-energy consumption-militarisation-economic growth nexus for South Africa (SA) from 1960 to 2019. The researcher applied frequency domain causality and the novel dynamic autoregressive distributed lag (ARDL) simulation approaches to achieve the research objective. The main findings reflected that (i) there is a long-run equilibrium relationship between the variables; (ii) there is no causality between militarisation and energy consumption; (iii) unidirectional causality runs from militarisation to economic growth; (iv) there is no causality between militarisation and CO₂ emissions; and (v) unidirectional causality runs from energy consumption to economic growth. The dynamic ARDL simulations' main results suggest that (i) in the short-run, a positive and insignificant relationship exist between militarisation and CO₂ emissions. Conversely, a negative and significant relationship was recorded in the long-run. Thus, the treadmill theory of destruction is not valid for SA. (ii) In the short-run, economic growth has a positive and significant impact on CO₂ emissions, while in the long-run, economic growth has a negative and significant impact on CO₂ emissions. This implies the environmental Kuznets curve (EKC) hypothesis holds for SA. Overall, this research suggests a synergy between defence, energy, growth, and environmental policies in the short- and long-run to promote and maintain environmental quality in SA.

Military spending, financial development, and ecological footprint in a developing country: insights from bootstrap causality and Maki cointegration

Military spending is required for national sovereignty, but it comes at a cost. The ecological consequences of military activities remain insufficiently investigated, especially in developing countries, where military spending is on the rise due to terrorism and civil unrest created by different secessionists' groups. As such, this study has a maiden attempt to address this gap by exploring the effects of military spending on the ecological footprint (EF) using the bootstrap causality test and the Maki (2012) cointegration test under multiple structural breaks. The findings suggest that military spending increases the EF. Also, while energy consumption and economic growth degrade the environment, financial development enhances environmental wellbeing by reducing the ecological footprint. The causality results suggest a unidirectional causality from military spending to EF, while feedback causality exists between military spending and economic growth. The result of this study affirms the existence of destruction theory and also provides a better understanding of the links behind environmental degradation and is applicable for the design and implementation of environmental policies.

The role of energy consumption and economic growth on the ecological environment in ASEAN countries

Currently, environmental degradation has become a global issue that needs to address frequently and also needs the attention of recent studies and regulators. Therefore, the present research examines the impact of energy consumption such as fossil fuel energy use, electric power use, and energy import along with economic growth on the ecological environment of ASEAN countries. The current study has gathered secondary data from world development indicators (WDI) from 1989 to 2019. The authors also used the pooled mean group (PMG) panel autoregressive distributed lag (ARDL) model and (FEM) to explore the association among the constructs. The findings revealed that fossil fuel energy use, electric power use, energy import, and economic growth have a positive association with carbon (CO2) emission and affect the ecological environment of ASEAN countries. This article guides the policymakers while formulating regulations regarding energy use and the ecological environment.

Exploring renewable energy, financial development, environmental quality, and economic growth nexus: new evidence from composite indices for environmental quality and financial development

The association between trade, financial development, consumption of renewable energy, environmental quality, foreign direct investment, and economic growth is important for sustainable growth and environmental strategies. Hence, this research unveils this association in selected low- and high-income economies from 1996 to 2020. Unlike most of the previous literature, this study uses a composite environmental quality index, a composite financial development index, and a composite trade share measure to better represent environmental quality, financial development, and trade openness, respectively. The Continuously Updated Fully Modified and Continuously Updated Bias Corrected estimators along with the Dumitrescu Hurlin causality method are utilized to scrutinize the nature of the linkage between the modeled variables. The long-run estimation provided that consumption of renewable energy and environmental quality augment economic growth in high-income nations, while both these variables do not contribute to the economic growth in low-income countries. Financial development upsurges economic growth in high- as well as low-income nations. Interestingly, trade openness boosts economic growth in high-income countries, while in low-income countries, it obstructs economic growth. In causal linkage, the conservation hypothesis for low-income countries and the feedback hypothesis for high-income countries are confirmed in the context of consumption of renewable energy and economic growth association. The supply-leading hypothesis for low-income countries and the feedback hypothesis for high-income countries are supported regarding the financial development-economic growth nexus. Moreover, one-way causality from growth to environmental quality and bidirectional causality between environmental quality and economic growth for low- and high-income countries are established, respectively. Lastly, exhaustive environmental and economic policies are directed.

Informal economy and ecological footprint: the case of Africa

Motivated by the growing levelof informal economy in emerging economies, this study examines the role of the informal economy in the ecological footprint for the case of Africa. The relationship between official economy, trade openness, governance indicator, financial development, and urbanization on ecological footprint is also investigated. Applying data from 1991 to 2017, this empiric utilizes panel estimation procedures to account for cross-sectional dependence and slope heterogeneity in panel data. The results establish the presence of cross-sectional dependence and slope heterogeneity across countries in Africa. Furthermore, long-run cointegration is confirmed using Westerlund panel cointegration. Driscoll-Kraay's (DK) estimation technique shows that informal economy, official economy, governance, financial development, and urbanization have significant positive impacts on ecological footprint, implying that they contribute to environmental degradation. However, trade openness has a negative and significant effect on ecological footprint, improving environmental quality. Similarly, the Dumitrescu-Hurlin (DH) Granger causality test reveals a two-way relationship between the informal economy and ecological footprint and formal economy and ecological footprint. However, the study finds a one-way connection from urbanization and financial development to ecological footprint and from ecological footprint to governance indicators and trade openness. The implications of the findings for a sustainable environment are discussed.

Renewable and Non-Renewable Energy Consumption and Trade Policy: Do They Matter for Environmental Sustainability?

In the extant literature, there are numerous discussions on China’s environmental sustainability. However, few scholars have considered renewable energy consumption and trade policy simultaneously to debate environmental sustainability. Therefore, this paper attempts to examine how renewable and non-renewable energy consumption, bio-capacity, economic growth, and trade policy dynamically affect the ecological footprint (a proxy for environmental sustainability). Using the data from 1971 to 2017 and employing the auto-regressive distributed lag model to perform an empirical analysis, the results demonstrate that renewable energy consumption and trade policy are conducive to environmental sustainability because of their negative impacts on the ecological footprint. However, the results also indicate that bio-capacity, non-renewable energy consumption, and economic growth are putting increasing pressure on environmental sustainability due to their positive impacts on the ecological footprint. Moreover, to determine the direction of causality between the highlighted variables, the Yoda-Yamamoto causality test was conducted. The results suggest a two-way causal relationship between renewable energy consumption and ecological footprint, non-renewable energy consumption and ecological footprint, and economic growth and ecological footprint. Conversely, the results also suggest a one-way causal relationship running from bio-capacity and trade policy to the ecological footprint.

Quantile estimation of ecological footprint and economic complexity in emerging economies: The moderating role of increasing energy consumption

There are increasing debates on the relationship between economic complexity and environmental degradation. This study deepens our understanding of this nexus in 11 emerging economies given the moderating role of energy consumption while controlling for economic development, trade openness and population growth. The findings from the quantile regression technique reveal that emerging economies are characteristic of low energy consumption, leading to insignificant contributions of economic complexity to environmental degradation across the spectrum as they also have very low-trade openness. Further results show the invalidity of the EKC between energy use (such as fossil fuels) and environmental degradation in emerging economies. Moreover, the Environmental Kuznets Curve (EKC) between economic development and environmental degradation is valid especially for those countries in the low and median quantiles (Egypt, Indonesia, and Vietnam). Also, the EKC hypothesis between population and environmental degradation is valid only for countries in the high and highest quantiles (Korea Republic, Turkey, Mexico and Iran). Finally, the results revealed that trade openness strictly reduces environmental degradation across the spectrum. Policy implications, limitations of the study and direction for future research are discussed.

Exploring the linkage between export diversification and ecological footprint: evidence from advanced time series estimation techniques

In recent literature, scholars discussed the role of export diversification in environmental quality. However, most studies analyzed the role of export diversification in influencing carbon dioxide emissions with mixed results. However, since carbon dioxide emissions specifically capture the environmental effects of energy utilization, a change in the level of carbon dioxide emissions cannot be regarded as a comprehensive measure of environmental deterioration. Also, many previous studies use the original form of the Theil index to measure export diversification, and during the interpretation of the results, they disregard the fact that the lower value of the Theil index indicates higher diversification and vice versa. In this context, to address these gaps in the literature, a study on the contribution of export diversification in ecological footprint is necessary to understand the ecological impacts of export diversification. Therefore, this study analyzes the contribution of export diversification in ecological footprint covering the period between 1965 and 2017 using the STIRPAT model in the context of India which is required to fulfill the demands for resources of over 1.3 billion people. The study relied on the environmental Kuznets curve hypothesis framework to understand the role of export diversification in ensuring environmental sustainability. Using the newly developed Augmented ARDL test, the study established that variables of interest are cointegrated. In the long-run estimation, export diversification reduces the ecological footprint of India and helps establish the inverted-U-shaped nexus between ecological footprint and economic growth. Thus, the environmental Kuznets curve hypothesis was evidenced to hold for India. This important finding divulges that India can control the level of environmental footprints, and therefore decrease environmental degradation by continuously increasing export product diversification. Also, India is on the right path to achieve a reduction in ecological footprint associated with more development when accounting for export diversification in the model. Moreover, energy intensity boosts environmental deterioration, while population density reduces it. Finally, the study discusses strategies to achieve environmental sustainability through increasing export diversification.

Effects of economic complexity, economic growth, and renewable energy technology budgets on ecological footprint: the role of democratic accountability

The economic structure of countries can influence economic growth, energy demand, and environmental footprints. However, the literature on economic complexity and ecological footprint (EFP) nexus is scarce. Besides, democracy is an important factor that may affect environmental policies and environmental sustainability. Hence, this paper investigates the effect of democracy, economic complexity, and renewable energy technology budgets on the EFP in G7 countries controlling income and financial development from 1985 to 2017. The findings from Westerlund (J Appl Econ 23:193-233, 2008) and other cointegration methods depict cointegration among variables. The long-run estimates from the continuously updated fully modified method unfold that economic complexity contributes to reducing the EFP. However, greater democratic accountability boosts the EFP figures rather than reducing them. On the flipside, renewable energy technology budgets and financial development are evidenced to mitigate EFP. Moreover, the study unveils a U-shaped linkage between economic growth and EFP, which indicates that an increase in income level will boost EFP. Further, the study found causality from economic complexity, democracy, and renewable energy budgets to EFP. Based on these findings, it is pertinent for the G7 countries to increase the manufacturing of sophisticated and complex products. In addition, enhancing renewable energy technology budgets is essential to ensure environmental well-being.

Validation of environmental Philips curve in Pakistan: a fresh insight through ARDL technique

The tremendous increase of greenhouse gases puts adverse effects on environmental degradation, unemployment, and economic growth. Against this backdrop, and implementing the more recent estimation approach, the present study investigates the validity of the novel environmental Phillips curve (i.e., inverse relationship between unemployment and environmental degradation) carried by Kashem and Rahman (2020). The unique contribution of this research is to examine the three environmental indicators (CO₂, CH₄, and ecological footprint) as a dependent variable with the same independent variables, i.e., unemployment rate, energy consumption, economic growth, foreign direct investment, and globalization, from 1975 to 2014 in Pakistan. The results validate a negative relationship of unemployment rate with CO₂, CH₄, and ecological footprint in the long run that proves the existence of environment Philips curve for Pakistan. However, a positive association is observed for energy consumption and CO₂, CH₄, and ecological footprint. The positive connection of energy consumption and environmental indicators determined that not only CO₂ emissions rather CH₄ and ecological footprint play an equal role in environmental degradation. Furthermore, in the long run foreign direct investment improves environmental sustainability for CO₂, and ecological footprint thus proved the pollution halo hypothesis for Pakistan. Probing the effects of globalization that badly pollutes environmental sustainability. Therefore, the policymakers should focus on innovations and technological improvements to contemplate both environmental degradation and unemployment. There is a need for sudden actions for energy consumption plans in Pakistan for the nation's health, economic growth, and environmental sustainability.

The trade-off between energy consumption, economic growth, militarization, and CO2 emissions: does the treadmill of destruction exist in the modern world?

Militarization is crucial for the sovereignty of a nation; however, there are many environmental hazards associated with increased military spending. Previous panel studies mainly captured the short-run effects of militarization on the environment. Limited scholars determined the long-run environmental impacts of militarization but they mostly ignored possible cross-sectional dependence and heterogeneity problems in panel data. Our research highlights this deeply neglected area and examines the impact of militarization on the environment in 22 OECD countries by controlling economic growth, renewable energy, and fossil fuel consumption. Drawing on an extensive dataset from 1971 to 2020, we employed advanced econometric approaches robust against endogeneity, heterogeneity, and cross-sectional dependence. The results of the cross-sectional augmented autoregressive distribute lag (CS-ARDL) analysis indicate a positive contribution of militarization to CO₂ emissions implying that militarization is adding to the environmental degradation in OECD nations. This evidence proves the treadmill of destruction theory for OECD nations in the modern world. Economic growth and fossil fuels consumption increase CO₂ emissions, while renewable energy mitigates emissions. Moreover, economic growth Granger causes militarization. Our results suggest that reduction in militarization level and energy conservation strategies will not hamper the economic progress of selected OECD countries.

Is there a tradeoff between financial globalization, economic growth, and environmental sustainability? An advanced panel analysis

In recent years, many empirical studies investigated the effects of globalization on the ecological footprint (EF). Most of these studies relied on the KOF index of globalization and studied the effects of total globalization and disaggregated impacts of economic, social, and political globalization on the EF. However, less attention has been given to financial globalization which can also influence the EF. Hence, this study investigates the association between financial globalization (FG), economic growth (GDP), and EF controlling population density (PD) in the selected West Asian and the Middle East (WAME) nations from 1990 to 2017. The study relied upon second-generation methods for checking stationary properties and Westerlund and other techniques to scrutinize cointegration. The evidence showed cointegration in the model. The long-run approximations from continuously updated fully modified (CUP-FM) and continuously updated bias corrected (CUP-BC) tests divulge that financial globalization is an important factor to promote ecological sustainability in the sample countries because it decreases EF. Population density exacerbates EF and worsens environmental deterioration in sample countries. The study detected the environmental Kuznets curve (EKC) between EF and economic growth in the presence of financial globalization and population density. Besides, financial globalization Granger causes EF, while the feedback effect exists between EF and economic growth. Based on these results, WAME economies can accomplish ecological sustainability and sustainable development by enhancing their financial globalization levels.

Revisiting the energy-economy-environment relationships for attaining environmental sustainability: evidence from Belt and Road Initiative countries

The Belt and Road Initiative (BRI) is an ambitious development project initiated by the Chinese government to foster economic progress worldwide. In this regard, this study aims to investigate the dynamics of energy, economy, and environment among 42 BRI developing countries using an annual frequency panel dataset from 1995 to 2019. The major findings from the econometric analyses revealed that higher levels of energy consumption, economic growth, population growth rate, and FDI inflows exhibit adverse environmental consequences by boosting the CO₂ emission figures of the selected developing BRI member nations. However, it is interesting to observe that exploiting renewable energy sources, which are relatively cleaner compared to the traditionally-consumed fossil fuels, and fostering agricultural sector development can significantly improve environmental well-being by curbing the emission levels further. On the other hand, financial development is found to be ineffective in explaining the variations in the CO₂ emission figures of the selected countries. Besides, the causality analysis shows that higher energy consumption, FDI inflows, and agricultural development cause environmental pollution by boosting CO₂ emissions. However, economic growth, technology development, financial progress, and renewable energy consumption are evidenced to exhibit bidirectional causal associations with CO₂ emissions. In line with these findings, several relevant policies can be recommended for the BRI to be environmentally sustainable.

Nonlinear impact of biomass energy consumption on ecological footprint in a fossil fuel-dependent economy

Facing the rise in threats that the environment confronts, several studies were conducted regarding the possible sources of renewable energy in general and biomass energy in particular. This study raises the question of the role that biomass energy can play to reduce ecological footprint in a country rich in fossil fuel energy and on which its economy is largely dependent. The results of the NARDL method applied to the case of Saudi Arabia during the period 1984-2017 showed that the positive change in biomass energy consumption reduces the ecological footprint both in the short and long term. For a country dependent on fossil fuel energy as Saudi Arabia, fossil fuel energy and natural resource rents exert negative effects of the ecological footprint in the short term since they provide the necessary funds to finance green projects. However, natural resources rents and positive changes in fossil fuel energy consumption significantly increase ecological footprints in the long term. Urbanization has negative effects on ecological footprint both in the short and long term. The effects of GDP and GDP square on environmental degradation are negative and positive, respectively. However, the effects of these two variables on the ecological footprint are reversed in the long run. For a fossil fuel energy-dependent economy as Saudi Arabia, the biomass energy and the demographic dimension linked to urbanization are important levers for the transition to sustainable development, both in the short and in the long term.

The asymmetric associations between foreign direct investment inflows, terrorism, CO2 emissions, and economic growth: a tale of two shocks

Foreign direct investments can exert ambiguous effects on the environmental quality of the host economies. At the same time, terrorism is a worldwide phenomenon that affects human life, FDI inflows, economic growth, and, most importantly, environmental well-being. Hence, it can be expected that there are relationships between terrorism, foreign direct investment inflows, and carbon dioxide emissions. However, in the previous literature, less attention has been given to explore these nexuses. In addition, the possible non-linearities in data are also mostly ignored in the preceding related studies. Against this backdrop, this paper explores the linear and non-linear influences of terrorism and foreign direct investment inflows on carbon dioxide emissions, controlling for energy consumption and economic growth within the model, on carbon dioxide emissions in the context of ten global economies that are most impacted by terrorism. To this end, we used the data from 1973 to 2016 and deployed the linear and non-linear autoregressive distributed lag methods to scrutinize the environmental impacts of the explanatory variables of concern. The results confirmed the presence of non-linearities in the relationships between terrorism, inflows of foreign direct investments, and carbon dioxide emissions. Furthermore, the findings revealed that the positive shocks to terrorism and foreign direct investment inflows significantly deteriorate the environment with a dominating effect. Unlike the previous studies, this current study validates the pollution haven hypothesis for the sample economies. Energy consumption and economic growth  were also evidenced to exacerbate the carbon dioxide emission levels in all selected countries. Based on these results, we recommend that our sample economies should focus on promoting education, employment, economic stability, and public awareness to eradicate terrorism which, in turn, can mitigate the emissions of carbon dioxide further. In addition, stringent environmental regulations on foreign direct investment inflows are required to reduce the adverse environmental effects of such sources of foreign finance. Furthermore, the international firms should be encouraged to invest in cleaner technologies by offering them tax benefits and other financial incentives.

Linking financial development, economic growth, and ecological footprint: what is the role of technological innovation?

The literature analyzing the ecological impacts of financial development (FD) documents mixed results. In addition, very limited researches consider the role of technological innovation in ecological sustainability even though technological innovation is indispensable to achieve technological advancement, which may help in sustainable development and ecological sustainability. Therefore, this work probes the effects of technological innovation, financial development, and economic growth (GDP) on the ecological footprint (EF) controlling urbanization and employing a STIRPAT framework. The analysis of data from West Asia and Middle East nations from 1990 to 2017 revealed cointegration in the model. The long-run coefficients produced by the continuously updated fully modified technique revealed that a 1% upsurge in technological innovation decreases EF by 0.010%. Interestingly, technological innovation is helpful to decrease EF and enhance economic growth in the West Asia and Middle East (WAME) countries. However, a 1% rise in FD boosts the level of EF by 0.0016% inferring that FD stimulates ecological degradation. Likewise, urbanization in the WAME countries raises EF levels and contributes adversely to ecological quality. In addition to this, the study revealed the environmental Kuznets curve hypothesis in the selected countries accounting for technological innovation, FD, and urbanization in the model. The causal analysis provided evidence of unidirectional causality from FD to EF and bidirectional causality between technological innovation and EF. The study recommends more investment in research and development and strong collaboration between the universities and industries to promote the level of technological innovation for both sustainable development and ecological sustainability. In addition, urban sustainability policies are necessary without decreasing the urbanization level.

The role of trading environment-friendly goods in environmental sustainability: Does green openness matter for OECD countries?

Achieving carbon neutrality targets is a major challenge for Organization for Economic Co-operation and Development (OECD) countries that experience mounting ecological degradation over the last few decades. To deal with this situation, the trading of green products may play a crucial role. However, previous studies have not captured the net impact of green trading, and also the international trade basket used in these studies is proxied by the trade openness index including both environment-friendly and not-so-friendly goods. To provide a solution, this research intends to capture the net effects of green goods on the environment over the period 2003 to 2016 in 35 OECD countries. This study extends the literature by computing a new Green Openness Index based on the OECD Combined List of Environmental Goods (CLEG) basket that consists of 255 products. After this, an empirical model based on the Environmental Kuznets Curve (EKC) hypothesis is developed to test the role of the Green Openness Index in environmental sustainability using methodology robust against heterogeneity and cross-sectional dependence. The outcomes unfolded the validity of the EKC hypothesis in 35 OECD countries. Empirical estimates confirmed that the Green Openness Index, which considers traditional environment-friendly goods as well as environmentally preferable goods, stimulates environmental sustainability. Finally, numerous policies are directed to accomplish carbon neutrality targets.

Research on evaluation and influencing factors of regional ecological efficiency from the perspective of carbon neutrality

Carbon neutrality is an important environmental management tool to deal with the global greenhouse effect. Addressing climate change is an important starting point for promoting the high-quality development of China's economy and the construction of ecological civilization, as well as an important area for participating in global governance and adhering to multilateralism. In this paper, from the perspective of carbon neutrality, taking China's Jiangsu Province as an example, the super-efficiency DEA model is selected to measure the level of ecological efficiency in Jiangsu, and on this basis, the Tobit model is used to verify the main factors affecting regional ecological efficiency. The results are as follows: (1) The regional eco-efficiency in Jiangsu shows a trend of decreasing from south to north, with obvious phenomenon of "club convergence", with significant spatial correlation and agglomeration. (2) The industrial structure is negatively related to the regional eco-efficiency of Jiangsu regions; Energy consumption structure has a positively impact in southern Jiangsu,but negatively in central and northern Jiangsu; FDI has a positively impact in central and northern Jiangsu, but negatively in southern Jiangsu; Regional economic development has a positively impact in southern and northern Jiangsu, but negatively in central Jiangsu; The progress in the technological level has positive effects on the eco-efficiency of all regions of Jiangsu. The final paper puts forward some suggestions based on the carbon neutral target Provide theoretical reference for achieving the goal of carbon neutrality.

Economic performance of Indonesia amidst CO2 emissions and agriculture: a time series analysis

To minimize the awful situation confronting the entire globe, the global warming danger has raised the intensity of consciousness from all areas of life. Therefore, the research assesses the impact of CO₂ emissions and energy use on economic performance and considers trade openness, urbanization, and agriculture in Indonesia utilizing data covering the period from 1965 to 2019. The current research employed the dynamic ordinary least square (DOLS) and autoregressive distributed lag (ARDL) tests to capture the long-run association between these economic indicators. Furthermore, the gradual shift and wavelet coherence tests are utilized to capture the direction of causality. The ARDL bound test discloses a long-run interconnection among the variables of interest. The outcomes of the ARDL and DOLS depict that CO₂ emissions, agriculture, energy use, and urbanization trigger economic growth. Moreover, the wavelet coherence test findings revealed a positive correlation between economic growth and urbanization, CO₂ emissions, agriculture, and energy consumption. Furthermore, there is evidence of a weak and positive correlation between economic growth and trade openness. The gradual shift causality test outcomes disclosed that economic growth can predict urbanization and energy consumption, while agriculture can predict economic growth. These outcomes have far-reaching significance for economic growth and the selected variables in Indonesia.

Determinants of consumption-based carbon emissions in Chile: an application of non-linear ARDL

In recent years, a growing number of scholars have employed various proxies of environmental degradation to understand the reasons behind rising environmental degradation. However, very few studies have considered consumption-based carbon emissions, even though a clear understanding of the impact of consumption patterns is essential for redirecting the pattern to more sustainable consumption. Thus, this study takes a step forward by using consumption-based carbon emissions (CCO2) as a proxy of environmental degradation using the novel non-linear ARDL technique for Chilefrom 1990 to 2018. To the best understanding of the investigators, no prior studies have investigated the drivers of consumption-based carbon emissions utilizing non-linear ARDL. The study employed ADF and KSS (non-linear) tests to check the data series' stationary level. Additionally, the symmetric and asymmetric ARDL approaches are utilized to explore cointegration and long-run linkages. According to the results, there is no symmetric cointegration among the variables; however, the empirical estimates reveal a long-run asymmetric connection between the indicators and CCO2 emissions. The novel results from the asymmetric ARDL indicate that negative and positive changes in economic growth deteriorate the quality of the environment. Interestingly, a reduction in economic growth makes a more dominant contribution to environmental degradation. Moreover, positive changes in renewable energy usage improve the quality of Chile's environment, inferring that the country can achieve a reduction in environmental degradation by boosting renewable energy consumption. Surprisingly, the study found that technological innovation is ineffective in reducing consumption-based carbon emissions, which implies that Chile's technological innovation is not directed towards manufacturing green technology. Finally, the policy implications are discussed with respect to reducing consumption-based carbon emissions.

Remittance inflows affect the ecological footprint in BICS countries: do technological innovation and financial development matter?

This study examines the impact of remittance inflows, technological innovations, and financial development on environmental quality in Brazil, India, China, and South Africa (BICS) economies over 1990-2016. This study employed a comprehensive environment proxy, i.e., ecological footprint for environmental quality, and also considers more advanced and robust econometric (second-generation) techniques. The outcomes of the current study reveal that remittance inflows and financial development significantly deteriorate the environmental quality, while technological innovations are an essential factor for the reduction of ecological footprint level. Furthermore, the results of the interaction terms show a significantly adverse effect on the ecological footprint. Additionally, the findings of country-wise analysis reveal that remittance inflows and financial development worsen the environmental quality in each sample country, while the technological innovations promote the environmental sustainability that is steady with panel results. Besides, the environmental Kuznets curve (EKC) hypothesis was verified across the BICS economies. Consistent with the key findings, an inverted U-shaped relationship exists between economic growth and ecological footprint in the case of Brazil and South Africa. In contrast, the U-shaped EKC hypothesis exists in the case of China and India. For robust policy implication, the findings of this study highlighted the dire need for "green policy tools" that should be linked with the BICS economy policies and driver for sustained growth.