Testing the long-run impact of economic growth, energy consumption, and globalization on ecological footprint: new evidence from Fourier bootstrap ARDL and Fourier bootstrap Toda-Yamamoto test results

Reshaping energy horizon of Iran: investigating economic sanctions, export diversification, and environmental resilience

Employing robust methodologies, including principal component analysis, autoregressive moving average, Fourier bootstrap dynamic autoregressive distributed lag, error correction model, and the Breitung-Candelon spectral Granger causality test, this study scrutinizes the impact of export diversification (EXD) on Iran's ecological footprint (EF) from 1997 to 2020, considering economic sanctions (ESI), trade openness (TOP), energy consumption per capita (ECpc), globalization (KOF), and real GDP per capita (RGDPpc). Findings consistently affirm a positive environmental impact of EXD, revealing a nuanced temporal pattern. Notably, the short-term impact (- 0.645) is more pronounced than its long-term counterpart (- .020). Increased industrial activities due to globalization (10% rise) lead to 4.26% and 1.64% EF degradation in the long and short term. Conversely, due to Iran's heavy reliance on fossil fuels, a 10% rise in ECpc correlates with 1.63% and 3.81% long- and short-term environmental quality reduction. ESI demonstrates a dual impact, improving short-term environmental quality but contributing to long-term degradation. Frequency-domain causality analysis highlights EXD and KOF as short- and long-term causes of EF, ESI, and TOP as medium- to long-term causes and RGDPpc as a long-term cause. These findings emphasize the need for sustainable policies, stringent environmental standards, and a balanced approach to fostering economic growth while preserving the environment.

Trade openness, human capital, natural resource, and carbon emission nexus: a CS-ARDL assessment for Central Asian economies

There is a call for global efforts to preserve the ecological systems that can sustain economies and people's lives. However, carbon emission (CEM) threatens the sustainability of humanity and ecological systems. This analysis looked into the influence of energy use (ERU), human capital (HCI), trade openness (TOP), natural resource (NRR), population, and economic growth (ENG) on CEM. The paper gathered panel data from the Central Asia region from 1990 to 2020. The CS-ARDL was applied to establish the long-term interaction among the indicators. The paper's findings indicated the presence of the environmental Kuznets curve (EKC) in the Central Asia regions. Also, the empirical evidence highlighted that energy use, natural resources, and trade openness cause higher levels of CEM. However, the research verified that CEM can be improved through human capital and urban population growth. The study also found that HCI moderates the interaction between NRR and CEM. The causality assessment indicated a one-way interplay between ENG, ERU, NRR, and CEM. The study proposes that to support ecological stability in these regions, policy-makers should concentrate on developing human capital, investing in renewable energy sources, and utilizing contemporary technologies to harness natural resources in the economies of Central Asia.

How institutional quality and renewable energy interact with ecological footprints: do the human capital and economic complexity matter in the Next Eleven nations?

Changes in the economy and human conduct have contributed to one of today's most urgent challenges: environmental pollution. This study's overarching objective is to evaluate the following Next Eleven nations (N-11) ecological footprints (EF) with their natural resources (NR), economic complexity (EC), renewable energy (RE), and foreign direct investment (FDI). The data from 1995 to 2018 are used with the panel data estimations. The complexity of an economy is found to influence the EF. For this purpose, the cross-sectional autoregressive distributed lag method is appropriate. The analysis shows that a higher degree of economic complexity was associated with a larger ecological impact. Moreover, this correlation was the highest among all the variables considered. However, the consumption of natural resources and the economies' complexity enhance environmental conditions. The key recommendation from the study's conclusions is to improve R&D activities to build environmentally friendly technology and clean energy infrastructures and to change to a clean industry pattern. Meanwhile, strategic initiatives are offered to legislators depending on the stability of institutional quality.

Climate change, insurance market, renewable energy, and biodiversity: double-materiality concept from BRICS countries

The threat of biodiversity loss and mass extinction of species with an aftermath will shape all lives now and those to come. In this context, recent empirical studies illustrate various drivers of biodiversity for better environmental quality; however, the impact of the insurance market has not been thoroughly examined. Likewise, the possible non-linearities between biodiversity and its determinants are ignored in the current empirical literature for BRICS economies. Therefore, this work is the first to explore the effect of the insurance market, climate change, and renewable energy on biodiversity in BRICS economies using an advanced method of the non-linear autoregressive distributed lag (NARDL) method. The findings illustrated that a decline in the insurance market alleviates biodiversity loss and stimulates environmental quality. In contrast, an increasing insurance market augments biodiversity loss and negatively affects ecological quality. Furthermore, the findings uncovered that carbon emissions are detrimental to environmental quality. Lastly, the results report that reducing the level of renewable energy worsens biodiversity loss while boosting renewable energy utilization declines biodiversity loss. The policymakers and regulatory authorities in the BRICS should adopt the risk-based approach proposed by the network of greening the financial system (NGFS) to tackle the dilemma of double materiality between financial institutions and biodiversity.

The effect of mineral saving and energy on the ecological footprint in an emerging market: evidence from novel Fourier based approaches

Environmental degradation has been one of the hot topics discussed since the 1980s. In the literature, CO₂ emissions are generally used to represent environmental degradation. However, in this study, environmental degradation is examined in the context of ecological footprint. The study aims to investigate the effect of economic growth, energy consumption, and mineral saving on the ecological footprint in Turkey for the period of 1975-2017. For this purpose, the bootstrap autoregressive distributed lag model with a Fourier function (FARDL) method is utilized to test the long-term relationship between the variables. The findings indicate a long-term relationship between the variables. In addition, long-run estimation results based on the FARDL model show that economic growth and mineral saving increase the ecological footprint in Turkey. The conclusion discusses these findings and presents long-term policy recommendations for Turkey.

Revisiting the environmental Kuznets curve hypothesis with globalization for OECD countries: the role of convergence clubs

This paper aims to investigate the role of globalization in ecological footprint for Organization for Economic Cooperation and Development (OECD) countries during the 1981-2015 period with the environmental Kuznets curve (EKC) framework. To do so, unlike the existing literature, we follow a different path. Firstly, we test the environmental convergence (EC) hypothesis using the Phillips and Sul, Econometrica 75(6): 1771-1855, (2007) methodology. Then, we examine the impact of globalization and energy consumption on the ecological footprint (EF), and test the existence of the EKC hypothesis using the dynamic ordinary least squares mean group (DOLSMG) estimator. The convergence test results indicate that OECD countries do not converge to the same steady-state levels with regard to EF levels. However, we identify two convergence clubs that converging to a different steady-state equilibrium. The results of DOLSMG reveal that the EKC hypothesis is valid for both convergence groups. Furthermore, the impact of energy consumption and globalization on EF is higher for club 2, which includes developing countries.

The impact of intellectual property protection on the development of digital economy and regional entrepreneurial activity: Evidence from small and medium enterprises

Substantial intellectual property management (IPM) is vital in retaining competitive advantage and managing outbound open innovation (OI), which may enhance an organization's commercialization and entrepreneurial performance. Thus, the objective of this study was to develop an understanding of the impact of intellectual property protection on the development of the digital economy, regional entrepreneurial activity, and explore how IPM can enhance the entrepreneurial performance (EP) through open innovation (OI) and commercialization performance (CP) in the context of small and medium enterprises (SMEs) in Mainland China. Our study also shows how open innovation model constraints (OIMC) and information communication technology (ICT) enhance the performance. Using the organizational performance theory, we developed our research framework and collected usable data from 530 respondents from the management of SMEs in Mainland China. Data analyses were performed using SPSS, and structural equation modeling was performed using Amos 24 to test the hypothesis. Our results highlighted the significant effect of IPM on OI, CP, and EP. This study suggests various conclusions, stressing the mediating function of CP in improving EP and the direct and indirect effects of OI and CP on EP. This study also emphasizes that business managers need to ensure collaboration among SMEs since it is the best strategy to use each other's resources, including OI ideas, to improve the EP, and it should be done utilizing ICT.

Can Energy Efficiency Help in Achieving Carbon-Neutrality Pledges? A Developing Country Perspective Using Dynamic ARDL Simulations

The current research sheds light on the nexus between environmental degradation as proxied by carbon dioxide emissions (CO2), energy efficiency (EE), economic growth, manufacturing value-added (MVA), and the interaction effect of EE and MVA in India. Using yearly data from 1980 to 2019, the current study employs dynamic auto-regressive distribution lag (DARDL) simulations and Fourier Toda and Yamamoto causality techniques. The findings of DARDL reveal that as income and MVA rise, environmental quality decreases, while EE improves environmental conditions in both the long and short run. Surprisingly, the interaction term of EE and MVA has a detrimental influence on environmental quality, meaning that India remains unable to provide energy savings technologies to the manufacturing industry. Furthermore, the environmental Kuznets curve (EKC) hypothesis is well-founded for India, as the long-run income coefficient is smaller than the short-run coefficient, implying that India is in its scale stage of economy, where economic growth is prioritized over environmental quality. The results of the causality technique reveal that CO2 emissions and EE have a bidirectional association. Therefore, policymakers in India should embrace realistic industrialization strategies combined with moderate decarbonization and energy efficiency initiatives under the umbrella of sustainable industrial and economic growth.