Does sustainable environmental agenda matter in the era of globalization? The relationship among financial development, energy consumption, and sustainable environmental-economic growth
Abstract
The purpose of this research is to explore the connection of financial development, sustainable environmental-economic growth, and energy consumption among the South Asian Nations. This research examines a combine influence on energy consumption, financial development on sustainable environmental economic growth regarding south Asian economies. This study has used autoregressive distributive lag (ARDL) and panel data set from World Development Indicators (WDI) start from 1980 to 2018. The findings of this study indicate a significant and positive effect of financial development toward economic growth of selected south Asian economies. However, energy consumption has also positive impact toward sustainable environmental-economic growth, which further leads toward sustainable environmental agenda progress. Finally, energy consumption results have positive effect on sustainable economic growth among mean group (MG), pooled mean group (PMG), and common correlated effect mean group (CMEMG) results.
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Many cross-country studies show that when financial development improves, the economy usually grows more.
“Many studies using information from different countries and years have shown that when financial development gets better, the economy usually grows more too [20,21,22].”
From Dynamics of economic growth in ASEAN-5 countries: a panel ARDL approach (2024) · cites this paper as [21]
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Dynamics of economic growth in ASEAN-5 countries: a panel ARDL approach
Hidthiir, M. H. B., Ahmad, Z., Junoh, M. Z. M., & Yusof, M. F. B. (2024) · Discover Sustainability · doi:10.1007/s43621-024-00351-x · Cited by 27 · see citing works
- Authors
- Cao, X., Kannaiah, D., Ye, L., Khan, J., Shabbir, M. S., Bilal, K., & Tabash, M. I.
- Affiliations
- Ningxia University (CN)
- Graceland University (US)
- Ningbo University of Finance & Economics (CN)
- Shandong University (CN)
- Riphah International University (PK)
- Al Ain University (AE)
- Corresponding author
- Ye, Longtao
- Venue
- Environmental Science and Pollution Research
- Published
- 2022-01-28
- Volume
- 29
- Issue
- 21
- Pages
- 30808-30818
- ISSN
- 0944-1344 (ISSN-L)
- 1614-7499
- OpenAlex
- W4210330072
- Cited by
- 78
- References
- 102
- Citations by year
- 2026: 2 · 2025: 8 · 2024: 14 · 2023: 30 · 2022: 24
- FWCI
- 3.53
- Type
- journal article
- Language
- en
- Update notices
- correction (2022-02-12)
- Open access
- closed
- Locations
- Environmental Science and Pollution Research (publishedVersion)
- PubMed (publishedVersion)
- Topics
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Energy, Environment, Economic Growth
- Physical Sciences › Energy › Renewable Energy, Sustainability and the Environment › Energy and Environmental Sustainability
- Physical Sciences › Environmental Science › Management, Monitoring, Policy and Law › Sustainable Development and Environmental Policy
- Keywords
- financial development, energy consumption, sustainable economic growth, globalization, South Asian economies, environmental sustainability
- MeSH terms
- Sustainable Growth, Carbon Dioxide, Internationality, Economic Development, Renewable Energy
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