Journal
HELIYON
Volume 7, Issue 1, Pages -Publisher
ELSEVIER SCI LTD
DOI: 10.1016/j.heliyon.2021.e05965
Keywords
Ecological footprint; GDP; HDI; Panel data; Social development; South Asia
Categories
Funding
- Guru Gobind Singh Indraprastha University [GGSIPU/DRC/FRGS/2019/1553/85]
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The study explores the impact of various economic, social, and environmental indicators on economic growth in South Asian countries from 1990 to 2017. Findings suggest that promoting financial development, human development, and biocapacity is essential for achieving long-term economic growth while also addressing ecological concerns and income inequality.
This study investigates the impact of various economic, social and environmental indicators on economic growth in South Asian countries. Using the data throughout 1990-2017, a panel data estimation method is adopted with sophisticated econometric approaches. The obtained results indicate a long-term positive effect of biological capacity, financial development, human development index, income inequality on economic growth while the effect of energy use is the opposite. The findings of the study suggest that governments and associated bodies must promote financial development, human development, and biocapacity to not only attain economic growth in the long-run and but dissuade ecological footprint, and income inequality at the same time while matching the energy consumption with the bio-capacity of each economy.
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