Economic growth, fiscal imbalance, and environmental sustainability: What is desirable and undesirable for developing economies?
Economic growth
Energy consumption
Fiscal imbalance
Generalized least square
QARDL
Sustainable environment
Journal
Environmental science and pollution research international
ISSN: 1614-7499
Titre abrégé: Environ Sci Pollut Res Int
Pays: Germany
ID NLM: 9441769
Informations de publication
Date de publication:
Oct 2021
Oct 2021
Historique:
received:
16
02
2021
accepted:
09
05
2021
pubmed:
19
5
2021
medline:
25
9
2021
entrez:
18
5
2021
Statut:
ppublish
Résumé
Developing economies are suffering to fulfill the sustainable environment's commitments in fiscal imbalance. This study attempted to highlight the core issue of fiscal imbalance in developing economies and its impact on a sustainable environment. For this purpose, the study utilized generalized least squares (GLS) and quantile autoregressive distributive lag (QARDL) on a 19-year dataset (2000-2018) of the South Asian region. The results of GLS indicate that fiscal imbalance contributing positively to South Asia's environmental degradation process. Here, energy consumption (due to dirty sources of energy) and energy intensity (due to inefficient energy conversion technology) are also sources of environmental degradation in this region. The results of QARDL confirm that economic and political fluctuations can be the long-run source of fiscal imbalance in this region, which ultimately slows down the process of the environmental Kuznets curve (EKC) theory and contributes positively to environmental degradation. Based on the empirical analysis, this study provides a comprehensive set of policy guidance for developing and developed economies for the smooth transition of sustainable environmental conditions in South Asia.
Identifiants
pubmed: 34003438
doi: 10.1007/s11356-021-14379-3
pii: 10.1007/s11356-021-14379-3
doi:
Substances chimiques
Carbon Dioxide
142M471B3J
Types de publication
Journal Article
Langues
eng
Sous-ensembles de citation
IM
Pagination
52283-52294Informations de copyright
© 2021. The Author(s), under exclusive licence to Springer-Verlag GmbH Germany, part of Springer Nature.
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