The impact of economic development on environmental sustainability: evidence from the Asian region.

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Title: The impact of economic development on environmental sustainability: evidence from the Asian region.
Authors: Ahmed, Tasnim1 (AUTHOR), Rahman, Mohammad Mazibar2 (AUTHOR), Aktar, Mahbuba3 (AUTHOR), Das Gupta, Anupam4 (AUTHOR), Abedin, Mohammad Zoynul3,5 (AUTHOR) m.abedin@tees.ac.uk
Source: Environment, Development & Sustainability. Apr2023, Vol. 25 Issue 4, p3523-3553. 31p.
Subject Terms: *Economic impact, *Ecological impact, *Sustainability, Economic development, Cointegration, Least squares, Panel analysis
Abstract: This study investigates the relationship between economic development and environmental sustainability (ES) of 42 Asian countries from 2000 to 2017. We propose an ordinary least square (OLS) and fully modified ordinary least square (FMOLS) model to estimate the result. The OLS estimators of the balanced panel data on the aggregate sample and six subgroups of ecological area evidence some key findings. These are: (i) There is a significant positive linear relationship between economic growth (EG) and ecological footprint (EF); however, the relationship between EG and biocapacity (BC) is nonlinear. (ii) Among the subgroups that build up the land, samples depict a linear relationship with EG in EF and BC cases. (iii) Other than carbon-absorbing land and grazing land in the subgroup of EF, all other subgroups against environmental sustainability parameters show a nonlinear relationship with EG. (iv) The inverted U-shape curve is evident in Asian countries in explaining the relationship between EG and ES, and the impact of development indicator (GDP) on ecological subgroups is heterogeneous. The cointegration tests of the FMOLS model suggest the existence of a long-term relationship between the variables. Finally, the empirical observations show a growing trend of ecological deficit in Asia and advocate rapid policy development for environment-friendly economic development. [ABSTRACT FROM AUTHOR]
Copyright of Environment, Development & Sustainability is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)
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  Data: The impact of economic development on environmental sustainability: evidence from the Asian region.
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  Data: <searchLink fieldCode="AR" term="%22Ahmed%2C+Tasnim%22">Ahmed, Tasnim</searchLink><relatesTo>1</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Rahman%2C+Mohammad+Mazibar%22">Rahman, Mohammad Mazibar</searchLink><relatesTo>2</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Aktar%2C+Mahbuba%22">Aktar, Mahbuba</searchLink><relatesTo>3</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Das+Gupta%2C+Anupam%22">Das Gupta, Anupam</searchLink><relatesTo>4</relatesTo> (AUTHOR)<br /><searchLink fieldCode="AR" term="%22Abedin%2C+Mohammad+Zoynul%22">Abedin, Mohammad Zoynul</searchLink><relatesTo>3,5</relatesTo> (AUTHOR)<i> m.abedin@tees.ac.uk</i>
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  Data: <searchLink fieldCode="JN" term="%22Environment%2C+Development+%26+Sustainability%22">Environment, Development & Sustainability</searchLink>. Apr2023, Vol. 25 Issue 4, p3523-3553. 31p.
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  Data: *<searchLink fieldCode="DE" term="%22Economic+impact%22">Economic impact</searchLink><br />*<searchLink fieldCode="DE" term="%22Ecological+impact%22">Ecological impact</searchLink><br />*<searchLink fieldCode="DE" term="%22Sustainability%22">Sustainability</searchLink><br /><searchLink fieldCode="DE" term="%22Economic+development%22">Economic development</searchLink><br /><searchLink fieldCode="DE" term="%22Cointegration%22">Cointegration</searchLink><br /><searchLink fieldCode="DE" term="%22Least+squares%22">Least squares</searchLink><br /><searchLink fieldCode="DE" term="%22Panel+analysis%22">Panel analysis</searchLink>
– Name: Abstract
  Label: Abstract
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  Data: This study investigates the relationship between economic development and environmental sustainability (ES) of 42 Asian countries from 2000 to 2017. We propose an ordinary least square (OLS) and fully modified ordinary least square (FMOLS) model to estimate the result. The OLS estimators of the balanced panel data on the aggregate sample and six subgroups of ecological area evidence some key findings. These are: (i) There is a significant positive linear relationship between economic growth (EG) and ecological footprint (EF); however, the relationship between EG and biocapacity (BC) is nonlinear. (ii) Among the subgroups that build up the land, samples depict a linear relationship with EG in EF and BC cases. (iii) Other than carbon-absorbing land and grazing land in the subgroup of EF, all other subgroups against environmental sustainability parameters show a nonlinear relationship with EG. (iv) The inverted U-shape curve is evident in Asian countries in explaining the relationship between EG and ES, and the impact of development indicator (GDP) on ecological subgroups is heterogeneous. The cointegration tests of the FMOLS model suggest the existence of a long-term relationship between the variables. Finally, the empirical observations show a growing trend of ecological deficit in Asia and advocate rapid policy development for environment-friendly economic development. [ABSTRACT FROM AUTHOR]
– Name: AbstractSuppliedCopyright
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  Data: <i>Copyright of Environment, Development & Sustainability is the property of Springer Nature and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract.</i> (Copyright applies to all Abstracts.)
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        Value: 10.1007/s10668-022-02178-w
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        Text: English
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      – SubjectFull: Least squares
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      – SubjectFull: Panel analysis
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      – TitleFull: The impact of economic development on environmental sustainability: evidence from the Asian region.
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            NameFull: Ahmed, Tasnim
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              Text: Apr2023
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