Original scientific paper
https://doi.org/10.1080/1331677X.2022.2155681
Integration of ecological innovation, institutional governance, and human capital development for a sustainable environment in Asian Countries
Zhichao Yu
Xiao Di Guo
Abstract
The study evaluates the dynamic influence of institutional quality,
green innovation, and human capital on the ecological footprint in
South Asian countries from 1990 to 2018. For empirical estimation
of panel data, the study applied the cross-section autoregressive
distributed lag (CS-ARDL) estimator to address the issues of crosssection
dependency and slope heterogeneity. The long-run findings
reveal that institutional governance and ecological innovation
reduce the ecological footprint. Likewise, human development
decreases the ecological footprint. The short-run outcomes are
identical to the long-run; however, the short-run estimates’ magnitude
is smaller than the long-run. The results also support the
Environmental Kuznets Curve Hypothesis in the long run. The error
correction term (ECT) with a significant negative value endorsed the
conversion towards the long-run equilibrium position with a 26.5%
annual adjustment rate in case of short-run deviation. The augmented
mean group estimator ensures the robustness of estimates.
The findings recommend that South Asian economies should promote
green technology and human capital through R&D allocations
in industrial and academic sectors.
Keywords
Ecological innovation; human capital; institutional quality; ecological footprint; South Asian countries
Hrčak ID:
310045
URI
Publication date:
1.9.2023.
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